Thanks to the MV Land Bank there will be an additional 400 feet of beach in Vineyard Haven!
The new property lies off Herring Creek Road and abuts the town/county beach. The purchase will effectively triple the public beachfront there, the land bank said in a post on its Facebook page. It also lies adjacent to Wilfred Pond Preserve, a small land bank beachfront property east of the Tashmoo opening.
Full article in the MV Gazette: https://vineyardgazette.com/news/2018/10/27/land-bank-expands-public-beachfront-near-tashmoo
Martha’s Vineyard Commission executive director Adam Turner gave Edgartown selectmen a briefing on a short-term rental tax bill that is expected to pass in January.
If approved, House bill 4841, An Act Regulating and Insuring Short-Term Rentals, would give towns a local option on short-term rentals. Towns would have the authority to put up to a 6 percent tax on people who rent their houses for less than 30 days. Whether the Island towns decide to add the tax, the state will take an additional 5 percent cut, Turner said.
Turner believes the bill will pass, saying short-term rental businesses such as Airbnb are a “significant” part of the bill. “This is probably going to happen,” Turner said. “It will impact the town greatly.”
The bill is expected to be one of the first items state legislators work on in January. If the bill passes, it would not go into effect until 2020.
Great article from Realtor.com regarding trends in the housing market.
Buyers need to understand their competition if they’re going to get a leg up over them. But they should also know who’s putting these properties on the market.
Sellers tended to be a bit older than buyers, with a median age of 55. They also made a little more, with a median household income of $98,800.
They tended to have lived in their homes for nine years. Although they had a variety of reasons for selling, chief among them were that their current home was too small, they wanted to be closer to family and friends, or they had to relocate for work.
These homes tended to fly off the market, going under contract within a median three weeks. And the owners made bank on the sales, with a median $55,500 profit over what they originally paid for their homes.
Saturday, October 27
9:00am to 4:00pm at the Ag Hall in West Tisbury
Hosted by the Martha’s Vineyard Horse Council.
Riders, get your horses ready for the Island’s local Hunter/Jumper Horse Show. This is a great low pressure/fun event, perfect for practicing your riding skills for larger off-island shows. There will be lots of flat classes and games too.
Whether you are new to riding or have been in the saddle for decades, this show will have something for everyone, including a Costume Class. Show attire is not required, but all riders must wear helmets and boots.
Entry forms can be found at SBS, horse barns across the Island, or online.