Everybody loves a good infographic. So we’ve broken down some of the biggest trends in Nantucket real estate into manageable pieces. Read on for a quick snapshot of what’s been going on in recent years.
Median sale prices for single family homes have been climbing, with a slight dip in 2018 as compared to 2017. 2018 marked the second highest dollar volume in history at over one billion dollars in sales. While most buyers hail from Massachusetts, New Yorkers and Connecticut residents also have a strong presence on the Nantucket real estate scene. Nearly three quarters of all transactions are single family homes, followed by land sales, condos/multi-family homes and finally commercial transactions. Of these single family homes, the majority fall into the $1M-2M range. However, a Polpis home was sold for a whopping $25,000,000!