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Fisher’s Market Insights – August 2019

After trailing 2018 figures for the last eight months, cumulative Nantucket real estate dollar volume caught up to 2018 levels in August. Transaction figures also narrowed the gap and were off just three percent from the same period one year ago. August property sales included a robust 47 transactions totaling just over $100 million, double the sales and transaction activity witnessed in August 2018. This brought year-to-date sales through August 31, 2019 to 245 transactions totaling $570 million. Single-family home sales saw higher price point activity, commercial sales were in line to set a historic record, and land sales held relatively steady to previous years’ levels. New purchase contracts were also higher than during the past two years. Here are Fisher’s August Market Insights…

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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.