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September 2016 Nantucket Real Estate Market Insights

Stories

Market Insights

Jen Shalley Allen

In a turnaround from previous month’s trends, the Nantucket real estate market widened its gains over 2015 with a tremendous September performance. Monthly figures included 57 transactions totaling a whopping $148 million, among the top five highest dollar volumes in any monthly period. This brought year-to-date figures through September 30, 2016 to 331 transactions totaling $675 million, a two percent and 20 percent respective gain from one year ago. High-end sales led the charge with year-to-date transaction totals surpassing many historic full-year results. Contracts remained steady month-over-month, suggesting fourth quarter sales will be robust. Month-end inventory reached a five-year low while price reduction activity was moderate. Here are Fisher’s September Market Insights…


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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,