APR 17
NANTUCKET REAL ESTATE
Market Insights BY JEN SHALLEY MONTHLY SALES HIGHLIGHTS
HIGHEST SALE
LONGEST MARKETING
LOWEST SINGLE-FAMILY HOME SALE
$9,400,000
$635,000
79 SQUAM ROAD MARKETED FOR [300 days]
$2,550,000
15 GREGLEN AVENUE MARKETED FOR [11 days]
FISHER’S
9 NORTH WATER STREET MARKETED FOR [407 days]
KEY MARKET STATISTICS ALL PROPERTY TYPES
REVIEW
APR 2017
Transactions
138
–17% f
$227,431
$253,180
–10% f
7
6.8
3% d
Sales Price to Last Ask Price
92%
96%
–4% f
Active Listings
299
338
–12% f
8
8
–1% f
32
36
11% f
Avg Months on Market
sales included 26 transactions totaling $54.8 million, a slight decline from both March 2017
Months Supply of Inventory
and from one year ago. On a
New Contracts (March)
cumulative basis, sales activity
% CHANGE YOY
114
Dollar Volume ($ in ‘000’s)
April 2017 Nantucket real estate
APR 2016
through April 30, 2017 included
NANTUCKET REAL ESTATE SALES ACTIVITY ($000’S)
114 transactions totaling $227.4 million, a 21 (#) percent and 10 percent ($) decline from one
$350,000
year ago. New contract activity
$300,000
during April further indicated
©2017 FISHER REAL ESTATE
levels remained at historic lows and property values continue to rise based on average sales prices. Here are Fisher’s April Market Insights…
in $000’s
150
$200,000 $150,000
100
$100,000 50 $50,000 0
0 02
03
04
05
06
SALES VOLUME ($)
07
08
09
10
11
12
13
14
15
16
17
# OF TRANSACTIONS
(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS
1
# of Transactions
previous years, but inventory
200
$250,000
that the 2017 market is taking a little longer to heat up than
250