The Big Picture
Finally, some good news to report: sales of existing homes, new homes and vacation homes nationwide are beginning to rise. According to the National Association of Realtors, pending home sales across the country rose 8.2 percent this winter, surprising analysts who had predicted sales to remain flat. Sales of new homes nationwide surged 27 percent in March, the strongest month since last July and the biggest monthly increase in 47 years. Read more.
Determining a Property's "Fair Price"
While the inventory of homes for sale on the Island may be starting to decline, it's still a buyer's market. We polled real estate brokers on how buyers and sellers seem to arrive at a property's "fair price." Their advice and observations follow: Read more.
Is Buying a Home and Renting it Still a Good Idea?
With the increase in inventory and the decrease in prices for home sales on the Vineyard, potential buyers for second homes are asking some tough questions. Is buying a second home and renting it out for part of the season still a good strategy? What's happening to vacation rental rates? We asked six real estate brokers to assess the current rental market and offer their ideas and expertise. Read more.