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November 2017 Nantucket Real Estate Market Insights

Monthly real estate figures included 43 transactions totaling an impressive $84 million. With this activity, year-to-date sales through November 30, 2017 tallied 411 transactions amassing $912 million in total sales — a 4 percent year-over-year decline in the number of property sales but a 4 percent overall rise in dollar volume. Higher price point sales and strength in the upper end of the market, particularly sales above $10 million, lifted year-to-date dollar volume and placed the 2017 Nantucket real estate market within sight of the $1 billion mark once again. Here are Fisher’s November 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.