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February Market Insights – Nantucket Real Estate


Market Insights

Jen Shalley Allen
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Fisher’s Report

Nantucket real estate saw a promising start to 2016 with a 16 percent year-over-year rise in transaction activity through February 29, 2016. Dollar volume was down a modest two percent due to an increase in the number of lower price point transactions ($1MM-$2MM) and a simultaneous decrease in higher end price points (both the $2MM-$3MM and $4MM-$5MM saw declines). A notable and encouraging development during the first two months of the year was the 33 percent rise in new contract activity — a data point which indicates there will continue to be strong transaction activity into the second quarter.

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,