This may be a great time to look for a home on Island. The last couple of weeks have been very busy Islandwide. We have seen several mutlitple offer situations in the past 14 days. Homeowners have repeatly dropped prices. Buyers are taking note and making offers. A couple of new listings that were priced to sell have gone under agreement within days of hitting the market. The hottest locations right now are walk-to-town locations. Sellers are anxious to work with prospective buyers. Buyer see this as their opportunity to get into the Vineyard market, rentals are up on the island this year by all account of local brokers. Here is an interesting article by Jean Chatzky, of Money Magazine about buying a vacation home in this market.
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