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April 2022 Nantucket Real Estate Market Insights


Market Insights

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“Following the $267 million in total first quarter sales volume, April sales put up quite a show with $200 million in sales volume for the 30-day period alone. It was a headline-splashing month for Nantucket real estate with two property sales setting the record for the highest property sales on the island. Another four ultra-high-end transactions amounted to a total of six property transfers that totaled $120 million, or 60 percent of all monthly sales volume. All told, there were 46 transactions totaling $201.8 million in April. Impressive against nearly all other previous April periods, these figures represented a respective decline of 34 percent and 20 percent from the monstrous performance in April of 2021. Property inventory levels increased from March but were down 31 percent from the same time one year ago. Meanwhile, contract activity declined modestly from March figures and were off nearly 64 percent from April 2021.”

Here are Fisher’s April market insights from Jennifer Shalley Allen…