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Fisher’s Market Insights – November 2019

Nantucket real estate sales through November 30, 2019 included 376 transactions totaling $893 million, a nine percent decrease in transactions and a fifteen percent drop in dollar volume through the same period in 2018. Single-family home transactions saw a reduction in overall volume, particularly in the ultra-high-end of the market, while commercial property sales continued to close in on a 10-year transaction volume record. Overall inventory levels rose less quickly than they did one year ago while new contract activity in November was higher than during the previous three years. While the market is unlikely to hit $1 billion by the end of the year, the expected $950+ million isn’t too shabby and certain segments of the market performed exceedingly well. Here are Fisher’s November 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.