Welcome to SplitRock RE's MV Real Estate Insights
Thank you for visiting our weblog about Martha's Vineyard Real Estate.
A major topic these days on various people's minds here is "the bubble".
What's "the bubble"? It's the trend of rising value and price of real estate around the country. That's particularly true of Martha's Vineyard, where prices and inventory continue to rise. We saw this trend in the 1980s, and when that bubble burst, it was a canyon that the island fell deeply into.
Then again about 1999, real estate on the island seemed to double overnight, and it's continued to climb.
Many owners have placed their properties on the market looking for the high payout on their investment, and many have realized it. The question is: will this trend continue? Or will "the bubble" again burst and real estate values tumble?
That's one of the many topics we are set to discuss here. Feel free to chime in!
A major topic these days on various people's minds here is "the bubble".
What's "the bubble"? It's the trend of rising value and price of real estate around the country. That's particularly true of Martha's Vineyard, where prices and inventory continue to rise. We saw this trend in the 1980s, and when that bubble burst, it was a canyon that the island fell deeply into.
Then again about 1999, real estate on the island seemed to double overnight, and it's continued to climb.
Many owners have placed their properties on the market looking for the high payout on their investment, and many have realized it. The question is: will this trend continue? Or will "the bubble" again burst and real estate values tumble?
That's one of the many topics we are set to discuss here. Feel free to chime in!
posted by Peter C. Fyler, SplitRock Real Estate LLC at 12:04 PM
1 Comments:
I have a friend that is ready to put up his beautiful house, but I don't think the timing is right, personally. All over the country folks are flocking to the coastlines, interest rates are still fantastic, and with the volatility of the market, real estate looks better than ever.
I could see him selling (he has another property he wants to develop) but I think if he did hold on, it would be worth even more in two years.
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