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June 2019 Nantucket Real Estate Market Insights

Stories

Listing Updates

Jen Shalley Allen

This year’s first half report is the opposite of what we were writing about one year ago. In 2018, we were coming off a head-turning, stellar first quarter, yet saw more subdued second quarter results. We had another head-turner of a first quarter this year, but this was due to the fact that transaction figures were down 39 percent from 2018. The good news this summer is that we have a much more vibrant second quarter to report. Sales included 93 transactions totaling $237 million through the three months ending June 30, 2019, a respective 13 percent and 35 percent increase from the same period one year ago. Cumulatively, for the six months ending June 30, 2019, there were 168 property transfers totaling $378.5 million. This narrows the year-over-year gap to 18 percent on a transaction basis and 14 percent on a dollar volume basis. Additionally, contract activity during the second quarter was much improved, setting the stage for a promising few months ahead, typically the busiest of the year. Here are Fisher’s 1H19 Market Insights…

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,