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February Market Insights – Nantucket Real Estate

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.

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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.