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September 2017 Nantucket Real Estate Market Insights


Market Insights

Jen Shalley Allen
September 2017 Market Insights

September 2017 Nantucket was indeed an excellent sales month, but, contrary to other reporting, it was not the second-best sales month on record for Nantucket real estate, at least for how the market has been traditionally viewed. The $37.5 million sale price of the Nantucket Storage Center overwhelmingly places value on the business not the property, which is only assessed for $9.9 million. Nantucket real estate figures do not include business sales so just as the previous sale of this property for $27 million was widely excluded by most reporting authorities in our market in 2015, it is excluded from Fisher’s 2017 figures. The remaining 59 transactions totaling $145 million are no doubt impressive but are certainly not record setting considering they are just shy of the $148 million in September 2016 and several other monthly totals over the last 15 years. Are we in the midst of a very strong market? Absolutely. And the following market statistics illustrate this, but let’s compare apples to apples. Here are Fisher’s September 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,