Economic Crisis? Housing Crisis? What Crisis?

I have so much to be grateful for: my family, this incredible island I live on, my business. But, today, I’m thankful for something else: timing.

Despite the warnings, markers and clues about the impending market downturn, Suzanne Lanzone & Daughters had a strong season with multiple house sales, heavy rental traffic. But, it is incredibly fortunate that this economic turndown happened at the end of our season. We have until next spring to recover - and I know the country will.

As for the Martha’s Vineyard realty landscape, inventory is high and we haven’t seen dramatic price reductions. The home owners on the island are not majorly Wall Street, we have a diverse crowd including celebrities, politicians and legacies. Another heavy indicator of the economic temperature on the island: we had our strongest fundraising summer ever.

Bottomline: people want to be on Martha’s Vineyard. It’s a luxury destination, a respite from the rest of the world, it’s safe, it’s private; in short, it’s paradise.