Specifically in Oak Bluffs what has been the percent of market decline in recent 18 months .

Asked by Elizabeth, Oak Bluffs, MA Wed Jun 18, 2008

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3
Fred Roven, , 02539
Wed Feb 25, 2009
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,
0 votes
Territory.c…, Agent, MA,
Wed Jun 18, 2008
Check out this variation from the last year:

last year at this time:
Total Properties 9 Avg. 102
Lowest Price: $529,000
Median Price: $1,750,000
Highest Price: $4,500,000
Average Price: $2,078,444
Total Market Volume: $18,706,000

This year:
Total Properties 15 Avg. 106
Lowest Price: $359,000
Median Price: $490,000
Highest Price: $1,759,000
Average Price: $603,060
Total Market Volume: $9,045,900

More inventory this year and about the same days on market but there has been a drastic difference in prices which tells me either property values have dropped or the those in the higher price bracket aren't putting their properties on the market (waiting out the slump).

Hope that helps
0 votes
Michael Giles, Agent, Beverly, MA
Wed Jun 18, 2008
It is imposible to tell because there have been no sales within the last 3 months according to MLS.
0 votes
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