FISHER’S
NANTUCKET REAL ESTATE
JAN ‘23 REVIEW
KEY MARKET METRICS
Market Insights BY JEN ALLEN 2023
ALL PROPERTY TYPES
5-YEAR AVG.
35
-49% f
34
$63,600
$103,869
-39% f
$88,649
Months on Market
2.3
2.7
-15% f
5.6
Sale Price to Last Ask
99%
96%
3d
95%
Dollar Volume ($ in 000s)
the Nantucket real estate market is
% CHANGE YOY
18
Transactions
January sales activity suggests that
2022
headed back to more historic norms
Active Listings
86
57
51% d
172
after a three-year period that will
Projected Absorption
2.4
0.9
157% d
5.9
likely stand as an anomaly for quite
New Monthly Contracts
5
33
-85% f
27
some time. Monthly transaction volume dropped to just 18 property transfers totaling $63.6 million, well below both the year-over-year and
NANTUCKET REAL ESTATE ACTIVITY THROUGH JANUARY 2013 - 2023
five-year trailing averages. The
inventory, though interest rates and
Dollar Volume
driven by the sheer dearth of listing
# of Transactions
reduction in sales continued to be
the seasonality of the market were complimentary culprits. Here are Fisher’s January Market Insights...
January Dollar Volume
# of Transactions
MONTHLY SALES HIGHLIGHTS
HIGHEST RESIDENTIAL SALE
HIGHEST SPEC SALE
HIGHEST LAND SALE
$12,015,000
$5,990,000
$1,900,000
34 BREWSTER ROAD MARKETED FOR [36 Days]
10B DELANEY ROAD MARKETED FOR [92 Days]
34 CANNONBURY LANE PRIVATELY MARKETED
(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS
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