Market Analysis

The real estate market stumbled a bit in the first quarter of 2017, due largely to a number of listings and sales in the lower price ranges.  Of the 104 sales to date this year 35% of them were under $1 million and only 3 sales were over $5 million. 

The island has been especially quiet to start the new year and it is a perfect time for reflecting on all that we are thankful for and for recharging before the next busy season. Many of us will do some traveling this winter, always a good opportunity for a different

For the first half of the year the number of transactions between $1-$2 million (residential, land and commercial) were up 48% over the same period last year.  The average time on the market is down from 344 days in 2012 to 202 days to date in 2016 for this price

Not surprisingly the largest number of sales for the first half of 2016 were of properties located in Town (59), followed by the amorphous Mid-Island area (43) and then Surfside (30).  One reason the Surfside numbers are so high is because all of the affordable housing units at Sachem’s Path

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

Real Estate Market Round Up: The numbers for the first half of 2016 confirm what we have been feeling in the field with the number of sales (258) up 32% compared to the first half of 2015 (196). The dollars these sales represent ($428,236,000) are up 26% from the same

The first sale of a residence on Nantucket over $10,000,000 was not until May of 2000 and it was a large waterfront property in Eel Point, Dionis, selling for $19,500,000, far outstripping the price of any previous residential sales on-island.  The second one was in 2002 and was a water

The numbers are in for January 2016 and there were 49 sales for a staggering total of $93,569,000.  For perspective, the total dollars in ALL of 2015 came in at $882 million.  The number of sales in January increased 34% over 2015 and the dollars represented by these sales was

The month of June saw a total of 36 closed sales for $72.5 million.  This compares to 44 sales for $94+ million in June 2014.  The lower numbers are attributable largely to the weather this winter which prevented many buyers from traveling to the island.  Additionally, the lower number of