Nantucket Real Estate: 1st Half of 2016 Moving Rapidly

Hydrangeas Pink

It is interesting to compare different sectors of the market to try to gain a better understanding of where we are heading.  It is kind of like sailing where one has to consider the wind direction, currents and other factors that may necessitate changing course (so one does not crash into the #10 bell buoy marking the channel like we did last week).  Please check out the chart below.  Of particular interest are sales between $1 – 2 million (up 77% over the same time period last year) and those between $3-4 million (up an astounding 138%).

 

2016 % Change from Previous Year 2015 2014 2013 2012
Up to $500K 33 +10% 30 34 52 38
$500 – 1M 72 +2% 71 74 67 73
$1M – 2M 74 +77% 42 64 42 48
$2M – 3M 29 +45% 20 28 7 20
$3M – 4M 19 +138% 8 10 4 8
$4M – 6M 9 +13% 8 11 5 4
$6M – 8M 4 +50% 2 2 1 5
$8M – 10M 1 -50% 2 2 1 0
Over $10M 3 No change 3 3 3 1
Totals 244 +32% 186 228 182 196
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