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Find Out More About the Martha's Vineyard Area Economy & Job Market  COURTERSY OF MV COMISSION PROFILE OF MARTHA'S VINEYARD Martha's Vineyard is a 100-square-mile island located seven miles off the coast of Cape Cod. Its topography, in fact its very existence, results from its location at the southern extremity, or terminal moraine, of the part of North America covered by ice during the last Ice Age. Home to the Wampanoag Tribe, it was settled by Europeans in the mid 17th century. Today, year-round residents, seasonal residents—many of whom own second homes—and hundreds of thousands of short-term visitors live on or come to the Island, attracted by the unique natural, ecological, historical, cultural and scientific values that define the beauty and character of Martha's Vineyard. Each of the Island's towns reflects its origins: Edgartown as the home of master seamen and the seat of County government; Tisbury as the Island's gateway and market town, West Tisbury and Chilmark as agricultural villages, Aquinnah (Gay Head) as the Wampanoag tribal settlement and a fishing village, and Oak Bluffs as the first summer resort. Three-quarters of the Island's population is concentrated in the three "Down-Island" towns: Tisbury, Oak Bluffs and Edgartown, each with a busy commercial town center. Vineyard Haven in Tisbury serves as the Island's main port, seconded by Oak Bluffs in the summertime. The three "Up-Island" towns, West Tisbury, Chilmark and Aquinnah (formerly called Gay Head) are more rural in character. 
The population of the Vineyard remained relatively stable for the first half of the 20th century with a population growing from 4,397 in 1900 to 5,763 in 1960. The population began to grow dramatically in the 1970's and doubled in the last quarter of the 20th century. In the past decade, the year-round population surged by 29% compared to an average increase of only 6% in all of Massachusetts. From 1970 to 1990 the population of Martha's Vineyard has increase by over 30% each decade. As a resort area, the population changes dramatically from one season to the next. It is made up of several distinct groups: year-round residents, seasonal residents who have second homes here, visitors who come for the season, a month, a week or perhaps only a day. 
|
1900 |
1950 |
1960 |
1970 |
1980 |
1990 |
2000 |
| Aquinnah |
173 |
88 |
103 |
118 |
220 |
201 |
344 |
| Chilmark |
324 |
183 |
238 |
340 |
489 |
650 |
843 |
| Edgartown |
1,209 |
1,508 |
1,474 |
1,481 |
2,204 |
3,062 |
3,779 |
| Oak Bluffs |
1,100 |
1,521 |
1,419 |
1,385 |
1,984 |
2,804 |
3,713 |
| Tisbury |
1,149 |
1,966 |
2,169 |
2,257 |
2,971 |
3,120 |
3,755 |
| West Tisbury |
442 |
260 |
360 |
453 |
1,010 |
1,704 |
2,467 |
| Total |
4,397 |
5,526 |
5,763 |
6,034 |
8,879 |
11,541 |
14,901 |
Find Out More About the Martha's Vineyard Area
Economy & Job Market
Although the year 'round population
continues to increase, the economy of Martha's Vineyard is predominantly based
on the tourist economy as the chart above and graph below clearly
show.
Request our Free Martha's Vineyard Relocation Package. It's packed full of useful and important information about the Martha's Vineyard, Massachusetts area. Don't move here without it! Remember: We'll send it to you for free and without obligation. Just fill out the form and we will send it right out... 
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Buyers Remorse >The Blues of Buyers
Here is an illustration of what you might go through as a homebuyer when the real estate agent calls to say that your offer has just been accepted.
Although you are ecstatic when your agent congratulates you, your initial euphoria may be short-lived if you begin to have second thoughts about the purchase. You may look at the amount of cash required for the down payment and closing costs, and feel that you won't be able to enjoy a restaurant meal or a shopping spree for months! The mortgage added to the interest payments over thirty years seems like an outrageously high sum. Finally, you stare at the inspector's report and convince yourself that the roof will blow off and every major system will fail the day after you move in. You're in a frenzy. You ask yourself, "What am I doing?"
If you begin having doubts about your home purchase, the wisest approach is simply to relax! These feelings are so common that they have been given a name--"Buyer's Remorse." "Buyer's Remorse" is almost always a temporary malady, so please call your real estate agent if you are having an extreme attack. Your agent has experience in helping clients through the home-buying jitters.
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Long Distance Buying "The level of personal attention we received from Fred was above and beyond any of our previous experiences." Frank and Jane DelVecchio, FL & Martha's Vineyard Read Quote > View All Quotes >
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