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May Nantucket Real Estate Market Insights

Fisher’s May Nantucket Real Estate Market Report

The Nantucket real estate market maintained its gains over 2015 with a 29 percent transaction increase and a 34 percent dollar volume increase through May 31, 2016. Sales activity for the month of May posted a 29 percent (#) and 20 percent ($) increase from one year ago, while monthly contract activity improved 14 percent from April 2016 but was five percent shy of the recorded contracts in May 2015. The average marketing time for all sold properties through May 31, 2016 dropped to just short of eight months while the median home sale price rose 15 percent.

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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.