Vineyard Open House celebrates first year

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Vineyard Open House Real Estate celebrated its first year in business Saturday, Sept. 20 with an open house at its offices on Union Street in Vineyard Haven. More than 25 friends and clients attended. Broker Mary Sullivan, sales associate and Realtor Kristin Zern, and David Lott, Realtor and owner, hosted the event.

“We’ve had an excellent first year,” Mr. Lott said. “From a standing start last September, we registered $1.28 million in real estate sales, numerous rentals, and a growing client list. Kristin came on as a new agent during the summer. We’re excited to see what year two will bring.”

Mr. Lott said the timing was right. “The market has been active,” he said. “While total Island real estate sales are similar to last year, the big improvement has been in the median number of days homes sit on the market. Now homes are on the market prior to selling for about seven months, down from nearly 10 months last year. That creates the sense of a quickening market. On the other hand, prices have not risen and remained stable. That keeps more people in the market, which is a good thing.”

For more information, visit vineyardopenhouse.com.