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August 2017 Nantucket Real Estate Market Insights

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Market Insights

Jen Shalley Allen
Real Estate Market Report August

August 2017 Nantucket real estate sales included 34 transactions totaling $97.5 million. This represents a 3 percent decline in transaction volume from 2016 but a 23 percent increase in dollar volume over the same period. With this activity, year-to-date sales through August 31, 2017 included 257 transactions totaling $560.8 million — a 6 percent year-over-year decline in transactions but a 6 percent increase in dollar volume. All sales metrics improved as compared to 2016, most notably the median sale value and the average days on market for sold properties. New contract activity in August also saw a healthy boost from July suggesting the Nantucket real estate market will see a robust fall transaction schedule. Here are Fisher’s August Market Insights…

 

Written By

Jen Shalley Allen

Jen has worked on an impressive array of real estate transactions including two of the island’s largest and most complex vacant land transfers, commercial transactions, and single-family home sales,