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October 2019 Nantucket Real Estate Market Insights

Just as soon as the year-over-year sales volume gap narrows, it seems to widen back out again. This time, it’s not surprising that monthly figures couldn’t keep pace as October 2018 saw record sales volume, not just for the month of October but for any monthly period in the history of Nantucket sales. October 2019 transaction and sales volume was far from lackluster, however. The 53 transactions totaling $138 million surpassed every monthly period so far this year, as well as October sales volume from 2016 & 2017. Sales included six speculative home sales, the most thus far, an overall decline in average marketing times and a surge in contract activity. While inventory levels may be higher, the market seems to be faring quite well. Here are Fisher’s October Market Insights…

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.