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New Rentals, New Opportunities
 With rising costs of energy, insurance and taxes, homeowners that have never rented before are offering homes for rent this season. At Coldwell Banker Landmarks Real Estate we’ve added roughly 20 new properties to our rental inventory in the past 6 weeks—giving us over 80 new weeks of availability than we had in January. So as some properties are booked up, new opportunities are also being introduced.
Some of these new rentals are only offering 2 or 4 weeks this season, but it adds to availability in peak season which is a definite plus for those who have looked, but have not yet found their 2008 summer rental. New rentals are coming in weekly and agents are working hard to match the new availability with vacationers who are looking to rent.
 Hot Markets Abound
The Vineyard is not alone is seeing hot rental activity for 2008. The New York Times cover feature of the Escape section on February 22, 2008 stated “Thanks to the weakness of the dollar, staying close to home this summer is probably going to be more popular than jetting off to Europe — which means everyone you can think of will be competing for nearby rentals.” From the Hamptons , to Block Island, to Martha’s Vineyard rentals are booking up and summer—which is now just over 90 days away—is looking hot already.
Real Estate Sales—Seeing Through the Fog
 With all the scary news about foreclosures you’d think no one was considering buying on Martha’s Vineyard right now, right? Well, actually—wrong.
When the 4th Quarter Island sales statistics came in they showed the market holding steady from same period 2007, in some towns the numbers were even slightly improved. A softening of price, combined with a strong buyer’s market and the non-stop appeal of Martha’s Vineyard, has protected Island real estate from the volatility of other markets.
Local financing, a significant number of all-cash buyers and strong resale values will effectively keep Island foreclosures to a minimum, while savvy investors and Europeans with strong exchange rates are entering the market to take advantage of today’s appealing offerings.
Rent or Buy, the Time is Now
 So if you love the Vineyard, you should act now. Whether you are looking for a great summer rental, fractional ownership in a luxury suite, a simple cottage, or a stunning mansion to buy, it can be yours!
Learn more about what the market has to offer. Contact a professional agent at Coldwell Banker Landmarks sales or rentals and we’ll help make your Martha’s Vineyard dreams come true this year. Call today and see why we’ve been voted Best Realty on Martha’s Vineyard for the past 7 years.
Summer’s coming to the Vineyard, are you?
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