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, for the last few years, annual sales volume has totaled approximately $1 billion through 400-500 transactions. Single-family home sales range from $400,000 to $25 million+, with the average sale price around $2.5 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…
If you thought Nantucket real estatesales couldn’t get any hotter than lastmonth’s record volume, take a look atOctober sales. October represented thefourth consecutive month of historicsales volume for the island market, with108 transactions totaling a whopping$361 million. This represented arespective 104 percent and 162 percentincrease from the same period one yearago and the highest dollar volume onrecord. Cumulatively, for the 10 monthsending October 31, 2020, there were445 property transfers totaling $1.34billion. This brought the year-over-yearincrease to 33 percent on a transactionbasis and 70 percent on a dollar volumebasis. Single-family homes sales hitrecord numbers with rapid marketingtimes and minimal discounts. Thiskept inventory at record lows whilecontract activity showed just a slightshift in downward momentum. Here are Fisher’s October Market Insights…
While Fisher Real Estate’s figures put the 2019 Nantucket real estate market at just under the $1 billion mark with a total of 423 transactions, excluding foreclosures and non-market rate transactions, it was nonetheless an impressive year. This is particularly true if you consider that the first quarter of 2019 trailed the first quarter of 2018 by a respective 39 percent and 47 percent on a transaction and dollar volume basis
