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November 2018 Nantucket Real Estate Market Insights

As Fisher briefly reported earlier this month, the Nantucket real estate market officially surpassed the $1 billion mark with November transactions.  Through November 30, 2018, residential, commercial and vacant land sales totaled $1.047B through 414 transactions.  This represents a one percent increase on a transaction basis and a fifteen percent increase in dollar volume from the same period in 2017.  Vacant land sales proved to be the one segment of the market with a year-over-year increase in transactions while residential and commercial property sales were slightly lighter than in 2017.  The median home sale value held steady at $1.9 million, while the average home sale value rose seven percent thanks to a strong year for the high end of the market. Here are Fisher’s November Market Insights…  

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