Peter had a good answer. I had to give him a thumbs up. Make an offer. If there are all sorts of liens and judgements against it may not be a good investment. Make sure you find someone to work with who has lots of experience with short sales.
Good luck.... more
For one year ending Feb. 25 , 2008 Avg. Selling Price: $713,079 -- Median Selling Price: $536,500 -- Avg. $/SF: $431 -- Avg. DOM: 263
For the past 12 months ending Feb. 25, 2009 Sold -- Avg. Selling Price: $588,311 -- Median Selling Price: $430,000 -- Avg. $/SF: $369 -- Avg. DOM: 313
Average selling price has declined about 17% and median 19%.
If you would like to verify these figures, use the attached reference and write me for a password.... more
I am not sure where the last answer came from but Vineyard listing service shows for Oak Bluffs Average $909,636 ; Median $595,000 Lowest a condo for $175,000 and highest a waterfront property at $5,500,000. Currently 191 properties on the market with about a 1 year average days on market and a current market value in excess of $150,000,000. All figures come from below reference. You can write me for a password if you would like to gather the information yourself.... more
Please be aware that for the most part, offices on matha's Vineyard do not use MLS. There have been 73 sales in Oak Bluffs the past 12 months, the highest $2,500,000. Currently 43 properties on the market over $1 million,... more