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Fisher’s Market Insights – September 2019

So far in 2019, and unlike 2018, we’ve seen a more traditional quarterly sales volume trend that steadily increased from the first to the third quarters. In fact, despite a decline in year-over-year September sales figures, cumulative transaction and dollar volume in the second quarter surpassed 2018 levels by a respective 10 and 12 percent. Single-family home sales still lagged 2018 activity on a year-to-date basis but the median value rose while the average marketing time shortened. Sales by price point and summer contract activity indicate strength in the $3 million to $4 million segment, while the ultra-high-end trailed previous years’ figures. New purchase activity was generally stronger than the past few years while price reduction activity in September rose above 2018. Here are Fisher’s September 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.