Nantucket Real Estate: 2nd Quarter 2016


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 time period last year ($338,818,000). If history is a teacher, we are on track to exceed 1 billion dollars in real estate sales on Nantucket this year. Activity is being driven by a good amount of quality inventory for buyers to choose from, low interest rates and, perhaps most importantly, confidence in the long term value of Nantucket real estate as an investment. There is no comparable place in the country with the quality of beaches, protected open spaces, history and fine dining and other high level amenities for visitors.  AE Market Update 2nd Q 2016