Nantucket Real Estate Agent Blog

Summer 2010 on Nantucket has been spectacular!  The weather has been best I can remember in 15 years on island.  Making for happy vacationers and generating excitement with buyers of Nantucket Island Real Estate.  The real estate market on island had bucked the trends that are taking place in other locations around the United States, it seems a pent up demand and historically low interest rates have motivated buyers in all price points to put deals together.  After years of slow activity sellers have adjusted pricing to current market and people are seeing value. 

At the time of writing this post there are 68 properties listed having accepted contracts, the number is higher then that because some sellers have instructed their agents to wait for fully executed purchase and sale agreements to mark the property as under contract.  There are 495 single family homes listed for sale on Nantucket and 103 Parcels of land.  Since the first of the year there have been 162 sales that have closed and are now under new ownership, the average price of these sales is $1,698,702.  Compared to the same time period in 2009  there were 92 sales with an average price of $1,789,790.  Activity is up significantly!

There have been 15 sales that have closed over $4,000,000 and another 10 that have accepted contracts with an average price of $12,266,700.  To see the listings mentioned above that are under contract visit this page.

If you would like to watch the market here are links to all properites on Nantucket with accpeted offers or purchase and sale contracts.

Because the market is fluid and sellers are constantly looking to price correctly to market conditions, in the last 90 days there have been 128 properties that have made price adjustments, many resulting in accepted offers.

If you are interested in property by price you can visit our listings page were I have broken down the market by price point.  If you are more interested in location I have also broken down the market by areas of interest. 

If at any point you have questions about Nantucket Real Estate, Homes or Land for sale on island, or just things about the island please do not hesitate to contact me.

I look forward to working with you.

Brian Sullivan