Nantucket: Real Estate Heating Up

As of July 31st there are 83 properties under contract on Nantucket, considerably higher than it was one year ago at this time.  Through the first half of the year there were 197 sales on Nantucket, compared to 157 in 2011, an increase of 20% in the amount of activity.  The pending sales range from a 5,000 s.f. bank-owned vacant lot on Bartlett Road listed for $185,000 to 2 Shawkemo Hills Lane, an estate property on nearly 3 acres with a main house, guest cottage, pool and tennis court, listed at $6,950,000.

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