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February 2021 Nantucket Real Estate Market Insights

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Market Insights

Jen Shalley Allen
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“The first two months of 2021 showcased a bright start to the year and the continuation of the banner real estate market that kicked off in 2020. Both January and February monthly volume surpassed $100 million in sales with a combined total of $208 million through February 28, 2021. This is an impressive 55 percent (#) and 32 percent ($) rise in sales figures from the same period in 2020, a period which had yet to reflect the pause in sales that eventually occurred when more dire news of COVID-19 broke in March. As expected, residential sales represented the lion’s share of activity, but the commercial market had a very impressive start to the year as well. Sales volume and contract activity was robust across the board, a trend that could be unsustainable if we don’t see an increase in for-sale inventory. Here are Fisher’s February Market Insights…” Jennifer Shalley Allen

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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,