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May 2018 Nantucket Real Estate Market Insights

If you’ve read the recent articles on CNBC.com, born2invest.com or brokerpulse.com, you’ve read some pretty bold statements about the Nantucket real estate market, many of which seem to take a crumb of truth and pile on a big twist of reality. While we undoubtedly agree that Nantucket continues to enjoy a strong market run, we couldn’t resist offering a more balanced view on the statements made in these articles. By providing real data, we’ll counter the notions that Nantucket is more expensive than the Hamptons, that most of our sales come from the high-end of the market, that there are a “ton” of high-end properties for sale, and that prices are off the charts. Here are Fisher’s May 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.