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October 2016 Nantucket Real Estate Market Insights


Market Insights

Jen Shalley Allen
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After a tremendous September performance, monthly real estate figures moderated slightly in October with 50 transactions totaling $109 million. While this represents a 35 percent (#) and 25 percent ($) respective decline compared to October 2015, the decline was likely just a matter of timing as the combined monthly totals for September and October during both years were largely similar. An ultrahigh-end transaction (see above) and a handful of $4 million to $8 million sales continued to buoy year-to-date dollar volume (+11%), despite a yearto- date decline in the total number of transactions (-4%). Vacant land sales reached a three-year low on account of limited inventory and a tempered number of new purchase contracts in October suggest the 2016 market will be shy of hitting the lofty $1 billion mark. Here are Fisher’s October Market Insights

Written By

Jen Shalley Allen

Jen has worked on an impressive array of real estate transactions including two of the island’s largest and most complex vacant land transfers, commercial transactions, and single-family home sales,