Market Analysis

2014 Sales by Area As expected, Town had the largest number of sales in 2014 (128), followed by the Mid-Island area with 94.  Areas with the least activity (based on the least amount of inventory) were:  Pocomo, Quidnet, Squam and Shawkemo.  

The numbers are in for the month of November and, as predicted, the real estate market on Nantucket continues to perform extremely well.  There were 40 sales, representing $73 million in November, compared to 35 sales, for $56 million in November 2013.  The least expensive residential sale during the month was

The numbers are in for the month of October and it was the busiest October in more than 10 years.  There were 84 closings for a total of $162,367,518.  Compare this to 2013 with 72 closings for $143 million and 2012 with 63 for $105 million.  There were 63 sales

As of September 30, 2014 Market Statistics

Last week’s national job numbers are encouraging with the unemployment rate falling below 6% for the first time since 2008. Interest rates remain relatively unchanged but, if the labor market (and broader economy) continues to pick up steam, that may increase the chances of the Federal Reserve raising interest rates

The numbers are in for the month of September, closing out the 3rd Q.  There were 64 sales for a total of $153,607,897!  The number of sales were up 8.47% and the dollars were up 56.71% compared to September of 2013.  The least expensive residential sale was 16B Boynton lane,

The numbers are in for the month of August with 38 property transfers bringing the total number of sales for the year to 297, compared to 258 last year at this time, an increase of 15.12%.  The dollar volume for the month was $63,900,000, bringing the year to date total to $506,329,000, an

As is typical this time of the year, there have been a number of listing price reductions during the past week, usually an indicator of the motivation level of the seller of  a particular property.  Check out the list below. List of Price Reductions week of August 12, 2014

The numbers are in for the month of July with 33 sales totalling $55,498,000.  The top sale was 15 Sherburne Turnpike, a waterfront property in the Cliff area, listed for $14,000,000 and selling for $12,500,000 (pictured above and below).  The least expensive sale was a vacant piece of commercial land

The numbers are out for the 2nd Quarter and the market continues to rise: 2nd Q 2014 Charts & Graphs