Real Estate
A decade after a seminal study showing the magnitude of the Vineyard’s housing crisis — in facts and figures, resident surveys and census data — a collection of Island affordable housing groups want to do it all again.
The Joint Affordable Housing Group, an informal committee that includes the various town affordable housing committees, nonprofit housing organizations and advocates, is trying to scrabble together approximately $30,000 to replicate a housing needs assessment carried out in 2001 and last updated in 2005.
Real estate and personal property values are currently being updated in all Island towns in order that each town’s assessments can be certified by the Department of Revenue later this year for fiscal year 2012.
Landmarks Makes Mark
Coldwell Banker Landmarks Real Estate of Vineyard Haven is proud to acknowledge the designation of licensed real estate broker awarded by the Massachusetts state division of professional licensure to Diana Lynn, Karl Buder, Lynn Buder and Dave Federowicz.
Judy Federowicz is principal broker of Coldwell Banker Landmarks.
The Martha’s Vineyard Land Bank has signed a contract to purchase 41.1 acres on Chappaquiddick, including some 900 feet of shoreline on Cape Pogue Bay.
The acquisition will be added to its existing Three Ponds Reservation, bringing the total contiguous land area to 357.7 acres.
In an announcement on Monday, the land bank said the land, at the end of Jeffers Lane, would cost $4.95 million. The sellers are Judith Self Murphy, E. Baldwin Self Jr. and Karen Self Osler.
The late Walter Cronkite’s Edgartown down-harbor home was sold this week for $11.3 million to longtime summer residents of Katama David and Karen Brush.
The Green Hollow property is located where the first white men settled for the winter on Martha’s Vineyard in 1632.
A rising tide lifts all boats, they say. But the old aphorism about the economy apparently does not hold true for Vineyard real estate, as the most recent property valuations show.