Market Analysis

The real estate market on Nantucket continues to break records. The escalation in activity and prices began in late spring of 2020, driven largely by the pandemic and the desire to live in places that were perceived as safe. By the end of 2021, the total al number of property

Property sales on Nantucket were $2,028,191,000 (over 2 billion, not million, dollars) by the end of November this year.  In 2020 sales dollars were just shy of $1.9 billion for the first time ever.  Prior to that there were 4 (non-consecutive) years with total sales exceeding $1 billion but all

Some of the things we love about the fall are the really blue skies and amazing sunsets, scallops and cranberries, the smell of wood burning fires and the chance to spend time with friends after a hectic summer.  The pace has slowed down on island, compared to last year at

Real estate sales on Nantucket have exceeded $1 billion in each of the last four years; the highest year, prior to 2020, was 2018 with $1.2 billion.  In 2020 total sales were $1.9 billion.  The market typically hits $1 billion at the end of the year in December; this year

How much is one billion dollars? It is 1,000 million dollars and it is a lot of money. It used to be an anomaly if the sales of Nantucket real estate exceeded one billion dollars in a calendar year. Not so anymore. Since 2016 sales have hit or exceeded this

We are halfway through the year and it is quite a different story in the real estate market than it was one year ago.  Most significant is that demand is far outstripping supply of properties which, of course, has contributed to rapidly escalating prices.  What remains to be seen is