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March Market Insights

Fisher’s Report

First quarter Nantucket real estate results surged ahead of 2015 activity by an impressive 23 and 22 percent in respective transaction and dollar volume.   Home sales rose a whopping 53 percent while vacant land sales declined 36 percent compared to 2015.  Both single-family home sales and new contract activity for the period ending March 31, 2016 were more concentrated in the lower end price points than the upper end compared to 1Q15, leading to a decline in the median home sale value.  Inventory levels were moderately higher, with a sizable increase in the number of listings above $10 million.

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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.