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February 2018 Nantucket Real Estate Market Insights


Market Insights

Jen Shalley Allen
February nantucket real estate

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…  

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,