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April 2018 Nantucket Real Estate Market Insights

April 2018 Nantucket real estate sales included 26 transactions totaling $58.5 million, nearly identical to April 2017 activity but a sizable drop off from monthly first quarter transaction activity which, incidentally, was more robust than in recent years. Recorded new contracts in April were lower than in previous years, perhaps due to the strong first quarter, but inventory levels remained at historic lows and property values continue to rise based on average sale price metrics. We look forward to seeing how the rest of the second quarter unfolds, both from an inventory and sales perspective, so we can offer a more thorough 1H2018 analysis and full-year expectations. Here are Fisher’s April Market Insights…

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Jennifer Shalley Allen

Jen first stepped foot on the shores of Nantucket while working a summer job at the White Elephant while studying at the University of Virginia. It wasn’t until 2008, after having spent six years in the financial sector at Citigroup and then Wachovia, that she was drawn back to the island more permanently. Since that time, Jen has worked on an impressive array of real estate transactions exceeding $240 million. This includes, among others, two of the island’s largest and most complex vacant land transfers, several commercial transactions, and many single-family home sales, from high-end residential estates to lender-owned asset dispositions. Capitalizing on her extensive background in finance and market knowledge, Jen is well known for her unparalleled “Nantucket Real Estate Report,” an in-depth monthly market commentary and analysis that has been quoted by CNBC and The Boston Globe.

When not showing properties or researching the Nantucket real estate market, Jen can be found volunteering with Swim Across America Nantucket, a local fundraising event for cancer treatment and patient care at Nantucket Cottage Hospital or sitting on committees for other Nantucket nonprofits. She loves traveling, spending time outdoors with husband Mike and lab Sammy, and is an avid runner, cyclist and triathlete.