Rely on more than headlines or word-of-mouth commentary by leveraging Fisher Real Estate’s market analytics page, a comprehensive stream of real-time, Nantucket property sales and information.
For a relatively small island 30 miles out to sea, the local market is anything but small. In fact, over the last few years, annual sales volume have ranged from $1.5-$2 billion through 400-700 transactions. Single-family home sales range from $400,000 to $42 million+, with the average sale price around $4 million. A market as dynamic as Nantucket’s deserves regular, comprehensive analysis, which you’ll find here on our insights page. From charts and graphs to our monthly and annual reports, we cover the market from all sides. Take a look…
For Fisher’s monthly reports, there are times where it’s a challenge to find a meaningful summary of the data. Other times, as in September, the story essentially writes itself and trends start to evolve sufficiently to begin a different narrative. September transactions illustrated that the top end of the Nantucket real estate is not only alive and well, it’s still thriving. In a time where most sales metrics are starting to fade compared to the period from 2020-2022, the data from the high end stands apart from the rest of the market. It continues to set records while the rest of the market posts a relative retreat.
We are dedicated to delivering the most accurate Nantucket real estate market data and the most thoughtful market insights.
After an unprecedented period for Nantucket real estate, the 2022 market showed signs of a return to normalcy, at least in transaction volume. While still a remarkable year as measured against all pre-pandemic figures, 2022 sales and dollar volume metrics declined significantly from the two previous years.
Interestingly, the total number of transactions was nearly identical to 2019, but 2022 dollar volume was 64 percent higher than it was just three years earlier, prior to the ‘pandemic peak’. It was also the first time the median home sale value surpassed $3 million.
Here is Fisher’s Annual Market Report…