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Emma Kennedy

Homeowners Insurance

01-24-08
Emma Kennedy

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.

Going Green on MV

01-24-08
Emma Kennedy

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.

Geothermal Energy

Vineyard Alternative Heating

Most recent sales on Martha's Vineyard

01-22-08
Emma Kennedy

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

New Listing Buzz...

01-22-08
Emma Kennedy

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.

Fed Cuts Rate to 3.5 percent, a 0.75% Drop

01-22-08
Emma Kennedy

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.