About Dukes County, MA

This Weeks Sold Properties

Chilmark - $2,950,000 Sold for $2,500,000
View here-> TL HOLDINGS Property

Edgartown - $695,000 Sold for $640,000
View here-> MEISSNER Property

Edgartown - $1,275,000 Sold for $1,163,000
View here-> BRYANT Property

Oak Bluffs - $529,000 Sold for $487,075
View here-> NK REALTY TRUST Property

Oak Bluffs - $550,000 Sold for $537,500
View here-> CARSON Property

Oak Bluffs - $750,000 Sold for $750,000
View here-> HENTON Property

Oak Bluffs - $2,200,000 Sold for $1,700,000
View here-> AYERS Property

Oak Bluffs - $2,900,000 Sold for $2,500,000
View here-> BRENNAN Property

This morning I previewed this new listing in Edgartown. It is situated in exclusive Kittsfield, walk to town and the harbor. This house comes fully furnished, it has five bedrooms and four baths. A really fabulous home in great condition and it probably has about $100K worth of furniture etc. included in the price, it is completely turn key. We do not see listings of this caliber often, the market seems to be flooded with fixer uppers and homes that have not seen a renovation since the early 1980's. This one has generated a lot of buzz this morning.

Bloomberg reports: Fed Cuts Rate to 3.5% in First Emergency Action Since 2001, Citing Economy The Federal Reserve cut the benchmark interest rate by three quarters of a percentage point, its first emergency reduction since 2001, after stock markets tumbled from Hong Kong to London amid increasing signs of a U.S. recession. To read more click here, here, here, and here.

Following is our standard summary of sales and inventory for the month of November on Martha's Vineyard, Massachusetts.

It is interesting to note that the inventory and sales in November 2007 differ very little from November 2006 - 2% and 7% respectively.

2007 2006

Inventory 638 622

Sales 41 38

However, inventory has declined since October which, as previously stated, is expected at this time of year due largely to owners removing properties for the winter and/or being counseled not to list until spring, thus it's not a real market indicator.

The (41) sales in November is the second most productive month in 2007 (there were 42 closed in April) and reflects the consummation of much of the summer sales activity.

We will provide you with a full analysis of the year when the December statistics are available.