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January 2018 Nantucket Real Estate Market Insights

It was a vibrant start to 2018 with January sales reaching 50 transactions totaling an impressive $104 million. Aside from January 2016, which included 49 transactions totaling $94.5 million, this is the best January performance since 2005 and is more indicative of monthly figures typically seen in the third or fourth quarters of any given year. Single-family home sales not only increased in transaction volume but also with a slight upward trend in sales by price point, while new contract activity confirmed 2018 was off to a record start. Here are Fisher’s January Market Insights…

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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.