A new form of timeshare called fractional ownership has Island towns reexamining their zoning bylaws in an attempt to preserve the Vineyard’s dwindling housing stock.
As the Martha’s Vineyard Land Bank prepares to move to its new headquarters on Meetinghouse Way, the land bank’s commission recently announced a request for proposals to purchase its current building on 167 Main street.
Pandemic-era home sales in Tisbury have pushed property values up by 35.2 per cent, signaling a lower tax rate for the year to come.
The number of homes on Martha’s Vineyard registered as short-term rental properties shot up by 35 per cent over the summer, with industry professionals pointing to the real estate market in explaining the increase.
Halfway into 2022, the frenzied real estate market of Martha’s Vineyard is showing signs of slowing down. Land bank numbers illustrate the trend.
The distinctive Greek revival building at 15 Church Street in Edgartown that was formerly the office of Mindoro Real Estate will soon host a new business.
