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March 2019 Nantucket Real Estate Market Insights

Despite a rather seasonable first three months of the year (as far as New England winters go), the 2019 real estate market hasn’t quite caught the spark that was setting all the first quarter records this time last year. Perhaps it was the lack of nor’easters this year that kept buyers at bay? Nonetheless, this year’s start had difficulty keeping pace with the 1Q18 performance anomaly. On the other hand, comparing 1Q19 results with the five-year average makes us all feel a little bit better and, quite honestly, may be a more appropriate measure for the health of the current market. In great news looking forward, however, new contract activity in March surpassed all other March periods and sets the tone for a more robust second quarter. Here are Fisher’s first quarter market insights…

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.