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April Nantucket Real Estate Market Insights

Fisher’s Real Estate April 2016 Market Report

The Nantucket real estate market continued to post sizable gains over 2015 transaction and dollar volume figures with a respective 29 percent and 38 percent increase through April 30, 2016. New contract activity was also impressive with a 21 percent increase from one year ago. High end contract activity declined modestly while high-end inventory saw a greater percentage increase than during 2015.

Projected marketing times have shortened to just two months for Nantucket’s least expensive properties, while the upper end of the market saw modest lengthening. Judging by the year-over-year increase in the median Nantucket home sale price, values continue to rise but not by the 30+ percent suggested in a recent WSJ article.

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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.