Over the past several years many majors insurers have retreated from coastal communities all over the US, including the Cape and Islands. Homeowners are left with the State Fair Plan as the only source of home insurance. One client recently commented that "he did not realize life on the Vineyard was so perilous" in the end a local insurance agent did manage to find a couple of reasonable options for this homeowner. An article in the Cape Cod Times last week caught my eye, it seems there is a new kids in town, Narragansett Bay a Rhode Island firm will be offering polices on Cape Cod and in other coastal location. It will be interesting to see if they enter the Vineyard Market. To read more Click here.
Vineyarders' have always prided themselves on their concern for the environment. Two new trends that have people buzzing about are geothermal energy and alternative heating. Both of these forms of heat have their enthusiasts on the Island. To read more about how they work click on the following links.
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.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved