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September 2021 Nantucket Real Estate Market Insights


Market Insights

Jen Shalley Allen
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Despite a pervasive shortage in available property inventory, Nantucket real estate continued to smash historic sales records and is poised yet again to set its highest annual sales volume in history. While September 2021 was the second consecutive month to trail the exceptional monthly activity from the latter part of 2020, home sales surpassed the $1 billion threshold, and the island saw a new high watermark for the sale price of a contiguous property. September 2021 activity included 77 transactions totaling $277 million, a respective decline of 32 percent and 22 percent from one year ago but still substantially higher than the five-year average for both datapoints. This brought year-to-date sales through September 30, 2021, to 509 transactions totaling $1.46 billion. With preliminary October sales data and a robust transaction pipeline, the Nantucket real estate market just may see a $2 billion year.” Here are Fisher’s September market insights from Jennifer Shalley Allen…

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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,