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October 2017 Nantucket Real Estate Market Insights


Market Insights

Jen Shalley Allen
October 2017 Market Insights

After a tremendous September performance, with or without the $37.5 million Nantucket Storage Center sale included, monthly real estate figures continued to post impressive sales in October with 53 transactions totaling $130 million. This represents a 6 percent increase in transactions and a 20 percent increase in dollar volume thanks to two ultra-high-end sales. With this monthly activity, year-to-date sales through October 31, 2017 included 368 transactions totaling $828 million—a 3 percent year-over-year decline in transactions but a 6 percent overall rise in dollar volume. An increase in higher price point home sales continued to buoy both dollar volume and the median home sale price while vacant land sales were limited on account of reduced inventory. New purchase contracts in October suggest it will be a close call as to whether the 2017 market will hit 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,