The 2018 Nantucket real estate market is certainly keeping everyone on their toes! There was the superb performance of the first quarter, the rather lackluster second quarter followed by a relatively strong third quarter, and now a record-breaking monthly performance in October. In fact, no monthly period comes close to matching the $210 million of dollar volume that took place through 60 transactions in October. A $19.58 million waterfront sale by Fisher Real Estate led monthly transactions and also marked the highest property sale so far this year. Two additional $10M+ transfers combined with 11 transactions between $5M and $10M propelled dollar volume into a figure typically seen for cumulative quarterly data. As of October 30, 2018, cumulative sales data for all property types measured $895 million through 366 transactions. If there was any question that this year’s market would hit $1 billion, once preliminary November transactions are included, we are already there. Here are Fisher’s October Market Insights…
October 2018 Nantucket Real Estate Market Insights
Stories
November 30, 2018