Mad Martha’s Sale Leads to Triple-Scoop of Donations
Three different charities are set to receive a combined $32,000 from Feiner Real Estate after the sale of the Mad Martha’s ice cream locations in downtown Vineyard Haven, Oak Bluffs and Edgartown.
Martha’s Vineyard likely shattered monthly land sale records in September, as the recent boom in the Island real estate market spiked to a fever pitch.
The Island market has rocketed upward since the start of the pandemic, with dramatic sale price increases and broad reordering as urban buyers gravitate toward the Island.
The town of Edgartown has the largest land mass on the Island, the second largest population, 26 government subgroups, 200 employees, and an annual budget of $45 million.
Hinckley’s Lumber, the landmark commercial property on Beach Road in Vineyard Haven, has been sold to an Aquinnah real estate investor for $2.3 million.
Not up, not down and no clear road signs for the future. As the calendar year draws to a close, that’s the main story of the Island real estate market.
Homes at the lower end of the market on Martha’s Vineyard are being snapped up at a record clip, with hundreds vying for the handful of houses they can afford.