Nantucket Island: Pending Sales

 

Surprisingly, for this time of the year, there are still over 100 pending sales on Nantucket.  The average list price for these pending sales is over $1,800,000.  As of the end of the 3rd quarter, the average selling price was just under $1,500,000.  This clearly indicates what we have been experiencing “in the field” – the higher priced properties tend to close in the 4th quarter and, once again, Nantucket is experiencing property appreciation.  We will have a more accurate picture of exactly how much by the end of 2013.

 

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