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September 2016 Nantucket Real Estate Market Insights

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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Jennifer Shalley Allen

Jen first stepped foot on the shores of Nantucket while working a summer job at the White Elephant while studying at the University of Virginia. It wasn’t until 2008, after having spent six years in the financial sector at Citigroup and then Wachovia, that she was drawn back to the island more permanently. Since that time, Jen has worked on an impressive array of real estate transactions exceeding $240 million. This includes, among others, two of the island’s largest and most complex vacant land transfers, several commercial transactions, and many single-family home sales, from high-end residential estates to lender-owned asset dispositions. Capitalizing on her extensive background in finance and market knowledge, Jen is well known for her unparalleled “Nantucket Real Estate Report,” an in-depth monthly market commentary and analysis that has been quoted by CNBC and The Boston Globe.

When not showing properties or researching the Nantucket real estate market, Jen can be found volunteering with Swim Across America Nantucket, a local fundraising event for cancer treatment and patient care at Nantucket Cottage Hospital or sitting on committees for other Nantucket nonprofits. She loves traveling, spending time outdoors with husband Mike and lab Sammy, and is an avid runner, cyclist and triathlete.