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Martha's Vineyard Home Values: Where Have They Increased the Most?

The map below shows a snapshot of the percentage of homes that increased in value across the Island. Nationally, home values have significantly increased this year, but experts say growth is likely to slow down in 2014.

Newscruncher is a daily series that breaks down the characteristics of our Island by the numbers. You can see more posts by clicking the Newscruncher link above the headline or by checking out our weekend roundups. If you see any technical issues with this map (like an "N/A" value), or if you'd like to suggest ideas for future Newscruncher articles, please email data@patch.com.

The map above shows a snapshot of the percentage of homes across Martha's Vineyard that increased in value from Oct. 2012 to Oct. 2013.

Home values nationally rose rapidly by 5 percent this year. In fact, in some areas of the country, values increased by more than a 20 percent.

In the map above, you can hover over any area of the Island and see, in the box in the upper right hand corner of the map, the percentage of homes with increased values there. 

Experts say the national picture may change next year.

Factors like higher mortgage rates and growing supply --  due to fewer homeowners underwater and more new construction projects -- are helping to slow down the increases nationwide.

According to Zillow, home value gains will likely only increase by 3 percent nationwide in 2014.

"For buyers, this is welcome news, especially for those in markets where bidding wars were becoming the norm and bubble-like conditions were starting to emerge," said Dr. Stan Humphries, Zillow chief economist.

The data in this map are from Zillow, a real estate Web site and a Patch partner.

What do you think explains the percentage of homes that increased in value across town? Tell us in a comment or a blog post.

Louisa Hufstader (Editor) December 17, 2013 at 08:46 AM
This map is missing some data, but I'm interested in what folks think of the information that is included. How does this compare to your own observations and experiences?

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