State of the Nantucket Market

As we bid farewell to the month of January, we are happy to report that there are currently 46 properties under contract on Nantucket ranging from a $200,000 one bedroom condominium unit in the Mid-Island area to a large waterfront estate in Polpis that was listed for $20,950,000.  These 46 properties represent approximately 10% of all of the listings for sale on Nantucket.  The average days on market for these listings that are under contract is 265 days which is heading in the right direction.  And the average list price is $2,088,432 which is on the rise.  We are off to strong start for 2010.

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