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June 2016 Nantucket Real Estate Market Insights

Fisher’s Nantucket Real Estate Report: First Half 2016

The Nantucket real estate market held a steady course for yet another month with June transaction activity surging 28 percent (#) and 21 percent ($) ahead of June 2015, bringing total real estate sales to 222 transactions totaling $410 million. The combined strength in transaction and dollar volume lofted 1H16 to the second best six-month performance since 2006. Residential home sales led the charge, rising 29 percent, while vacant lot sales declined from one year ago. June contract activity moderated compared to previous months, though second quarter contracts were, on the whole, even with the strong first quarter activity. Price reductions increased from prior years, though the average price discount declined.

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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.