admin

One & Only on Main Street!  Exceptional Commercial Property, Exceptional Location….in the heart of the seaside Village. Bright, renovated Retail Space with high ceilings. Large floor space provides a multitude of possibilities. Welcoming and handicap accessible. Big Bay display window, half bath,1st floor office, FHA and central A/C. Huge Dry Storage/Stockroom room on second floor.

Carroll & Vincent represented the buyer and we were able to make this deal happen to the buyers delight. This property was listed at $1,995,000 by the selling broker and we were able to get the deal done at $1,400,000 saving the buyer almost $600k. So if you are looking to buy Martha’s Vineyard Real Estate call on us to help save you money.

CONGRATS to our winners, voted by YOU, the chili festers:

1st Place Professional – Little Red Smokehouse
2nd Place Professional – Black Dog Tavern
3rd Place Professional – JR Brody’s Roadside Tavern

1st Place Amateur – Bonnie Bearse & Dave Mutti
2nd Place Amateur – Don Welts (P/A Club)
3rd Place Amateur – Edgartown Firemens Association

NEW THIS YEAR: Host of NECN’s TV Diner, Jenny Johnson picked her Top 3 and awarded cash prizes!

1st Place ($500) – Offshore Ale
2nd Place ($300) – Little Red Smokehouse
3rd Place ($100) – Brendan Cooney (Oak Bluffs EMS)

Another piece of Chappy has washed out to sea. We know have two islands of Chappaquiddick. It seems a storm we had at the end of December has opened up a breach between the windmill and the gut. There will be no driving to the gut this year. Stay tuned for more information. But rest assured there is still plenty of Chappy real estate for sale just give us a call.

There have been 39 sales in the last 90 days in Edgartown alone. With 11 sales over $1M it tells us the market is coming back. All price points are moving and signs are that housing is making a comeback here. Katama homes still are well sought after and most of the sales have been second home purchases. 2011 is of to a great start for home buying on Martha’s Vineyard with Edgartown homes and the Katama Vacation market being the strongest.

Another Edgartown home comes under the wrecking ball. Edgartown land values continue to outpace the building values. In today’s market the land has become worth more than the building on it. Call us to show you where the next great value is on Martha’s Vineyard. This home owner looked all over Edgartown, Tisbury, West Tisbury, Oak Bluffs for the right real estate deal and found this diamond in the rough. After 56 years in the Real Estate business on Martha’s Vineyard Carroll and Vincent can show you as well. There is another real estate bargain out there for you.

Winter Solstice

The darkest longest day of the year…

This year’s winter solstice coincides with a full moon — a combination that happens only every 3 decades or so. But that’s not the only celestial oddity for the day: the moon also reaches perigee, its closest point to the Earth. So this solstice, which brings together the year’s lowest sun and longest night, comes at the same time as the closest moon — and a full moon to boot. The last time the full moon, lunar perigee, and winter solstice fell on the same day was in 1866. What a perfect night to have a solstice party.

http://www.athearnhouse.com/

http://www.edgartownbeachfrontestatesite.com/

The new York Times

Sunday, October 31, 2010

Square Feet | The 30-Minute Interview

Frederick W. Peters

By VIVIAN MARINO

Published: October 29, 2010

Mr. Peters, 58, is the president of Warburg Realty Partnership, an independent residential brokerage firm that specializes in luxury property. Warburg is involved in several new developments, including Twenty9th Park Madison, a condominium near Madison Square Park, and 555 Lenox Avenue in Harlem.

The firm will soon be joining the cast of the HGTV show “Selling New York.”

Q How is the luxury market?

A In the ultraluxury marketplace — $10 million and up — prices are still off peak but not to the degree that they were 15 months ago. Last year we were 30 to 40 percent off. Today I would say we’re off peak by 15 percent to 20 percent. The lower level of the luxury market — starting in the low $2 millions — was very slow for a substantial period of time. Those units are much in demand in the last six months.

Q Wall Street bonuses are expected to rise. Are you getting any inquiries from investment bankers about buying yet?

A We absolutely are. I think we’re seeing it more so than last year at this time, and that’s not only because of the money. Last year there was a sense that it was unseemly to be looking at spending a very substantial amount of money on real estate. I think this year — even though there’s still some of the sentiment — that perception has diminished.

Q Is this still a sellers’ market?

A What’s interesting is that both sides feel empowered: the sellers, by the fact that 2010 has not been a really bad year, and the buyers, by the fact that there is still enough negative economic news slowing things down.

The way I like to describe the market we’ve been in for the last year is as a brokers’ market. We’re in a marketplace in which you frequently have a buyer and a seller with a different perspective, and it’s the challenge of the broker to bridge the gap. I like these markets in which our skills are really deployed.

This funny looking tree is located in Edgartown and a short distance to downtown or the village as some might say. Do you know where this tree is? It is in one of the up and coming neighborhoods that may even be up all ready. Call Carroll & Vincent Real Estate and ask for Jim Joyce and he will show you this and many more interesting homes for sale in Edgartown.

After a perfect Vineyard day the President says good bye to his golf guests Chicago friend Eric Whitaker, White House trip director Marvin Nicholson and regular Vineyard vacationer Bill Lewis