Call Us: (508) 228-4407

February 2018 Nantucket Real Estate Market Insights

So far, the first two months of 2018 are off to a roaring start with transaction figures far exceeding what was posted during the same time in 2017.  Year-to-date numbers for both January and February sales rose to 85 transactions totaling $185 million, a 47 percent (#) and 79 percent ($) rise from one year ago and the highest volume ever recorded for the first two months of the year. While vibrant January figures can often be attributed to carryover from the previous year, February data illustrated that 2018 momentum continued with 35 transactions totaling $80 million for the monthly period ending February 28, 2018. This represented an increase of 52 percent and 121 percent respectively from February 2017. Based on recent buyer activity, it is shaping up to be a vibrant spring so we expect to see record figures for the first quarter.  Here are Fisher’s February Market Insights…  

Download (PDF, 1.74MB)

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.