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W I N T E R As we turn the page on 2020, we are looking ahead to all that we hope 2021 may bring. The vaccine, the ability to move around more freely and travel, hugging friends whom we have not seen during the pandemic are but a few of the things that we anticipate. Last year was full of many surprises, some quite challenging and some unexpectedly positive. In the latter category was the performance of the Nantucket real estate market. Almost no one could have predicted how 2020 ended. The year with the highest number of sales prior to 2020 was 2018 with 543 transactions and $1.2 billion in sales. Last year smashed those numbers with 679 sales (+43%) totaling $1.895 billion (+86%) in sales. There were more than 320 sales representing $887 million dollars in closings in the fourth quarter alone. The average selling price of all properties is $2,792,000, up 30% from 2019. The average selling price of a home is $3,225,000 (+29%). The median home price is now $2,434,000 (+43%). Vacant land is selling on average for $1,541,000 (+26%), and the median price of a vacant lot is $975,000, exactly the same as it was at the end of 2019. The time on the market is shortening: 9 months compared to 10 at the end of 2019. Properties are now selling for an average of 93% of the list price at the time of the sale. Continued on Page 2...