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October 2018 Nantucket Real Estate Market Insights

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Market Insights

Jen Shalley Allen
October 2018 Real Estate Market

The 2018 Nantucket real estate market is certainly keeping everyone on their toes!  There was the superb performance of the first quarter, the rather lackluster second quarter followed by a relatively strong third quarter, and now a record-breaking monthly performance in October.  In fact, no monthly period comes close to matching the $210 million of dollar volume that took place through 60 transactions in October.  A $19.58 million waterfront sale by Fisher Real Estate led monthly transactions and also marked the highest property sale so far this year.  Two additional $10M+ transfers combined with 11 transactions between $5M and $10M propelled dollar volume into a figure typically seen for cumulative quarterly data.  As of October 30, 2018, cumulative sales data for all property types measured $895 million through 366 transactions.  If there was any question that this year’s market would hit $1 billion, once preliminary November transactions are included, we are already there. Here are Fisher’s October Market Insights…  

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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,