Compare Listings

August 2018 Nantucket Real Estate Market Insights

Stories

Listing Updates

Jen Shalley Allen
Real Estate Market Report August 2018

For the first time this year, cumulative Nantucket real estate transaction volume dipped below 2017 levels. August property sales included 23 transactions totaling $46.6 million, a respective 32 percent and 52 percent decline from August 2017. Year-to-date sales through August 31, 2018 included 252 transactions totaling $566.1 million— a 2 percent year-over-year decline in transactions but a 1 percent increase in dollar volume. This marks the third consecutive month where transaction activity was more than 20 percent lower than the same period one year ago.

While summer sales activity may have been sluggish, summer contract activity was anything but. New contract activity in August surged ahead of previous months and points to a robust fall transaction schedule. Here are Fisher’s August Market Insights…

[gview file=”https://fishernantucket.com/wp-content/uploads/2018/09/FisherMarketInsightsAug18B-1.pdf” height=”1680px”]

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,