Market Analysis

We were curious to assess where we are now with the Nantucket real estate market as we are solidly in what are typically the slowest two months of the year for sales activity.  This year has been somewhat unpredictable with the number of sales down 35% at the end of

The summer of 2018 is now in the books, and a very busy summer it was!  There was a small slowdown in the real estate market in the beginning of the summer largely due to overpricing on the part of sellers.  The market picked up through July and August, and

We find it helpful to take a look at trends in the market place to help identify where the market might be headed: In November of 2017 the highest price ever was paid for a residential property on Woodbury Lane in Town, when 4 Woodbury Lane sold for $4,100,000. The

The real estate market closed out 2017 with over $1 billion in sales transfers, the strongest year ever. There have been only three other years (2014 was the most recent one) that exceeded $1 billion and 2017 was the highest one yet. The number of sales (total of 546) were

We thought it interesting to take a look at residential sales on Nantucket under $500,000 and, not surprisingly, the door is rapidly closing on that price sector of the market.  We evaluated residential properties only (single family residences, condo and cooperative ownership) and does not include those properties restricted to

Since the beginning of 2010 there have been a total of 56 sales over $10,000,000. The breakdown is 48 single family properties, 5 parcels of vacant land and 3 commercial properties. Atlantic East represented sellers or buyers for 3 of the last 7 sales over $10,000,000. Things these properties had

We recently had an office meeting to discuss the state of the real estate market on Nantucket.  The market is down for the first five months of 2017:  compared to 2016 the number of transactions is down 20% and the dollars represented by these sales declined 11%.  There are numerous

Or why it is important to price correctly: of the 337 properties actively listed for sale on Nantucket right now, 5 of them have been listed for 7 years or longer. The average time on market for these 5 listings is 2,648 days.  One might ask why someone would choose to list