NANTUCKET REAL ESTATE Market Insights BY JEN ALLEN MONTHLY SALES HIGHLIGHTS
RECENT RESALE
HIGHEST SALE
$14,900,000
$6,400,000
88 POCOMO ROAD MARKETED FOR [2,645 Days]
KEY MARKET STATISTICS
REVIEW
ALL PROPERTY TYPES
FY 2021
Transactions
FY 2020
% CHANGE YOY
5-YEAR AVG.
25% d
477
$1,555,929
29% d
$1,284,524
7.2
-39% f
6.2
96%
94%
2d
94%
Active Listings (Nov)
87
282
-69% f
301
Months Supply of Inventory
1.4
5.9
-77% f
9.1
New Contracts (Nov)
36
71
-49% f
46
Dollar Volume ($in 000s)
657
527
$2,014,425 4.4
Avg. Months on Market Sale Price to Last Ask Price
NANTUCKET REAL ESTATE ACTIVITY THROUGH NOVEMBER 2011–21
# of Transactions
Although November real estate sales declined significantly from the record 2021 monthly figures set in October, activity was still mighty impressive. November transactions included 67 property transfers totaling $211 million, just shy of the record November volume posted in 2020. These sales buoyed cumulative figures through November 30, 2021 to 657 transactions totaling $2.01 billion, a respective 25 percent and 29 percent increase from one year ago. Single-family home transactions continued to see recordlow marketing times but also recordlow inventory. Commercial activity not only posted a monstrous turnaround from one year ago but is poised to set a historic record in transaction and dollar volume. New contract activity continued its downward trend in an ever-dwindling property inventory environment but is still poised to surpass $2.3 billion. Here are Fisher’s November Market Insights...
$6,100,000
2 NORTH STAR LANE SOLD FOR $4.275M IN 2018
Dollar Volume
NOV 21
34 EASTON STREET MARKETED FOR [33 Days]
FISHER’S
LONGEST SALE
Dollar Volume per Quarter
Q1
Q2
Q3
Q4 YTD
# of Transactions
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