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A U T U M N As is often the case, autumn on Nantucket arrived suddenly with a series of tropical storms and nor’easters. Some of our favorite things happen in the fall such as the Cranberry Harvest and Arts Festivals, the opening of scallop season, Fall Restaurant Week, the Halloween Parade and the annual Turkey Plunge (we do not partake in this but do sponsor it). There seem to be more cultural events this year geared towards folks that live on island all year long. We highly recommend the Nantucket Shorts films which, if you missed it at the Dreamland, can be streamed on our local TV station Channel 18. Nantucket’s version of fall foliage, the moors, are at their height of beautiful color right now with purples, reds and oranges. Most restaurants are still open and it is much easier to get around the island now than it was during the height of the summer. If you have not been lucky enough to experience fall on Nantucket it is definitely worth a visit! The real estate market continues to perform extremely well with the most robust 3rd quarter ever with 154 sales for $364,153,000, up 25% in dollar volume over 2016. This is partially due to the continuing improvements in the economy but also due to a number of very large sales over $10 million that closed during the last quarter. For some perspective - there have been only 3 years ever that total real estate sales on Nantucket topped $1 billion. Based on the numbers so far in 2017 we believe that 2017 will be the fourth year to exceed $1 billion in real estate sales. Although the number of transactions, year to date, are down 3%, the dollars represented by these sales are up 8% over last year at this time. This confirms what we are seeing on the ground with the higher end performing more consistently than in the past few years, especially those properties located on the waterfront. The average sale on Nantucket is $2,048,000, an increase of 12% over last year. This is the first time it has been over $2 million since early in 2008. Continued on Page 2....