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February 2021 Nantucket Real Estate Market Insights


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

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,