West Tisbury September Sales Span $250,000 to $550,000 Price Range

WEST TISBURY -- Two of the five property transfers recorded in West Tisbury between Sept. 4 and Oct. 3 carry a listed sale price so far, ranging from $250,000 to $550,000, with Martha's Vineyard Bank named as buyer in both.

MARKET OVERVIEW Five deeds were recorded in West Tisbury during the period. Of those, two show a recorded sale price in registry data: $250,000 and $550,000, putting the price range at $250,000 to $550,000 with a median of $400,000. The other three transfers, recorded Sept. 14 through Sept. 21, do not yet show a price; that is typical of registry data, which usually catches up within about a week. Because only two of five transactions carry pricing, the count of five recorded deeds is the clearest measure of activity available for the period. Any characterization of price trends should be read with that limitation in mind.

TOP SALES 139 Oak Lane sold for $550,000, recorded Sept. 14. The sellers were Griffin Gardner and Leila Gardner, as trustees. The buyer was Martha's Vineyard Bank.

105 Otis Bassett Road sold for $250,000, recorded Sept. 14. The seller was Maribeth Macaisa. The buyer was Martha's Vineyard Bank.

Three other transfers recorded during the period do not yet show a price: 47 Island Farms Road, recorded Sept. 21, with Robert E. Heaphy as seller and Robert E. Heaphy and Darla C. Kost as buyers; a lease termination involving Seven Gates Farm Corp. and Michael L. Marcus, recorded Sept. 16, with no street address listed; and 44 Forest Road Site No. 29, recorded Sept. 16, with Seven Gates Farm Corp. as seller and Robert A. Vigoda, as trustee, and the Forest Road Realty Trust as buyers.

NEIGHBORHOOD BREAKDOWN By price tier among the two sales with recorded prices: one sale fell under $500,000 (105 Otis Bassett Road, $250,000), and one fell in the $500,000-to-$1 million range (139 Oak Lane, $550,000). No street-level clustering appears in the five transfers; each is on a different road. Seven Gates Farm Corp. is listed as seller or co-seller in two of the five transfers, at Forest Road and in the lease termination.

MARKET NOTES Martha's Vineyard Bank is listed as the buyer in both transactions with a recorded price, the only buyer-side pattern visible in the period's data. Two of the five transfers involved trustees or a trust entity on the seller or buyer side: the Gardner trustees at 139 Oak Lane and the Vigoda trust and Forest Road Realty Trust at 44 Forest Road Site No. 29. One recorded deed was a lease termination rather than a conveyance to a new owner, and it lists no street address or price. Bedroom, bathroom and square-footage figures are not available from deed records and are not included here. Property type is also not specified in the data, so no single-family-versus-condominium breakdown can be reported.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.