Martha’s Vineyard is a beautiful vacation destination for tens of thousands of visitors each year. Visitors and residents are attracted to the 100-square-mile Island’s exceptional lifestyle, pristine beaches, sense of community, and steady real estate market. Owning a home on this stunning Island is made easier when you work with a trusted and knowledgeable team of local Realtors.
Strong rental market is primed for real estate investment
Buying an investment property on Martha’s Vineyard is perfect for the homeowner who wants to make a reliable real estate investment. Martha’s Vineyard has a strong history of being the “go to” vacation spot for celebrities, politicians, and everyday folks who want to enjoy the serenity and natural beauty that this amazing beachfront location provides. With these attributes in mind, the demand for summer rentals on Martha’s Vineyard offers homeowners the unique opportunity to rent their home to vacationers for top dollar.
During the summer months, the Island’s population swells to over 100,000 people. Unique cottages, luxurious oceanfront estates, and scenic beach homes can all be rented from Memorial Day through Labor Day weekend. In fact, 56 percent of the Island’s properties are seasonally occupied. Real estate investors can take advantage of this strong summer rental market while determining how often they want to enjoy their beautiful Martha’s Vineyard home.
Homeowners who simply want to enjoy their new home can benefit from buying an investment property in an area with a steady real estate market. Real estate market trends indicate that home values have either remained the same or increased on Martha’s Vineyard over the past five years. In fact, recent reports show that the median sales price has experienced an increase of approximately $54,000, or 37 percent, over the past 12 months. The recent surge in the value of homes makes the area an ideal place to make a new real estate investment.
Buying investment property on Martha’s Vineyard
Martha’s Vineyard is a collection of six small towns which all have their own unique personality. Choosing where to invest will depend entirely on your personal preferences. Edgartown features a busy harbor with a classic lighthouse as well as an abundance of shopping and restaurants. Oak Bluffs’ Ocean Park is known for its stunning views of Nantucket Sound and its numerous Victorian homes, which can be found nestled in between ambient cafes. Vineyard Haven is a quiet community which serves the Island’s year-round port. Aquinnah has stunning beaches and is known among vacationers as the “true getaway location.” Chilmark features a slower pace, with quaint shopping and dining establishments. Finally, West Tisbury is home to the ever-popular Lambert’s Cove Beach, as well as many sustainable farm stands.
Purchase Martha’s Vineyard real estate today
Buying an investment property on Martha’s Vineyard is made easier when you enlist the help of a proven real estate team. Whether you are in search of an oceanfront property, or prefer a small cottage in a quaint neighborhood, Martha’s Vineyard Buyer Agents is here to help. Contact a team member to begin your real estate journey.