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August 2019 Nantucket Real Estate Market Insights

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Market Insights

Jen Shalley Allen
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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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Jen Shalley Allen

Jen has worked on an impressive array of real estate transactions including two of the island’s largest and most complex vacant land transfers, commercial transactions, and single-family home sales,