FEB 16
NANTUCKET REAL ESTATE Market Insights
BY JEN SHALLEY
MONTHLY SALES HIGHLIGHTS
HIGHEST SALE
QUICKEST SALE
$3,450,000
NOTABLE NEW LISTING
$1,950,000
2 KING’S WAY MARKETED FOR [2.3 Months]
$6,950,000
39B MILK STREET MARKETED FOR [3 days]
FISHER’S
1 CLIFF LANE 5BR/5+BA .46 ACRES
KEY MARKET STATISTICS ALL PROPERTIES
REVIEW
YTD FEB 2016
Transactions Dollar Volume ($ in ‘000’s)
Nantucket real estate saw a
Avg Months on Market
promising start to 2016 with a
Sales Price to Last Ask Price
16 percent year-over-year rise
Active Listings
in transaction activity through
Months Supply of Inventory
February 29, 2016. Dollar volume
Recorded Contracts
YTD FEB 2015
% CHANGE YOY
72
62
16% d
$122,278
$125,111
–2% f
9
8
1d
94%
93%
1d
297
274
8% d
7
6
1d
79
53
33% d
was down a modest two percent due to an increase in the number
NANTUCKET REAL ESTATE SALES ACTIVITY
of lower price point transactions
HISTORICAL ANALYSIS JANUARY & FEBRUARY
($1MM-$2MM) and a simultaneous decrease in higher end price points (both the $2MM-$3MM and $4MM-
©2016 FISHER REAL ESTATE
140
100
$120,000 $100,000
80
$80,000
60
contract activity — a data point
$60,000
which indicates there will continue
$40,000
to be strong transaction activity
$20,000
into the second quarter.
120
$140,000 in $000’s
year was the 33 percent rise in new
$180,000
0 Years
40 20 0 00
01
02
03
04
05
SALES VOLUME ($)
(508) 228–4407
06
07
08
09
10
11
12
13
14
15
16
NUMBER OF TRANSACTIONS
21 MAIN STREET, NANTUCKET, MASSACHUSETTS
1
# of Transactions
during the first two months of the
160
$160,000
$5MM saw declines). A notable and encouraging development
$200,000