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Front Street, Sconset

Front Street, Sconset

Nantucket rentals and real estate sales

We are a Nantucket based agency offering expertise in Nantucket real estate and Nantucket rentals.

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Where Do We Go From Here?

Total Percentage Increase of RE Sales Volume from 1990 (blue)
compared to S&P 500 Total Percentage Increase from 12.31.90 (red)

Nantucket Real Estate vs. S&P

This is an on going question from Buyers and Sellers. What we have learned over the years is that Nantucket can be impacted by significant economic events. The late 80s banking crisis, the late 90s .com bust, and the 2008-2009 financial meltdown all had negative impacts on our real estate sales. Conversely, a healthy economy, as evidenced by most of the 1990s, saw our sales market grow substantially. In general, over the last 25 years, excepting the well-documented 2004-2005 bubble, real estate sales have tracked S&P 500 returns.


S&P 500 (12.31 close)
Total Return 15 Year Comparisons 1984 to 1999 & 2000 to 2014

Nantucket Real Estate vs. S&P

The latest real estate upswing has largely been driven by the historically low interest rates and not in any response to real economic growth. The chart above shows the startling difference of two fifteen year periods (1985 to 1999 and 2000 to 2014) of the S&P 500 index. Starting in 1985 the S&P 500 grew at a nearly 14% annual compounded rate. From 2000 the return has been significantly lower at 3.23% compounded annually, and all of that growth has occurred since 2013. Based on this historical observation, if the economy, as evidenced by this index, starts to grow at a more normal rate, the S&P 500 index will respond. That might augur well for the Nantucket real estate market based on the historic trends.


Nantucket Real Estate & Vacation Rentals

Accentuated by professionalism and integrity, our team of Nantucket real estate agents and brokers is here to help you find the perfect Nantucket home.  Our knowledgeable team has local roots and can guide you with experience and an understanding of island life.  Whether you are looking for a Nantucket vacation rental or interested in purchasing on Nantucket, Great Point Properties strives to deliver service with friendliness, expertise and a sense of pride in the island of Nantucket

Great Point Properties Market Report

Posted: July 24, 2015 by Conrad Troast

Summer real estate sales on Nantucket have certainly continued on year to date trends thus far in 2015. Since June 1st, the market has still underperformed compared to last year. The sluggish sales volume that characterized Q1 and Q2 has continued into the summer months, leaving transaction volume at just 75% of the near record 2014 numbers. This slow growth for sales has, in turn, caused the average Days on Market (DOM) to rise by 15% over last year’s totals.
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Nantucket Real Estate market graph

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Great Point Properties

Videos

Swain's Neck Estate Swain's Neck Estate

260 Polpis Road

Medouie Creek Waterfront Medouie Creek Waterfront

16 Medouie Creek Road

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Great Point Properties and Tom Bresette on 228

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Real Estate Update from Great Point Properties

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Great Point Properties' Edward Sanford & Greg McKechnie

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Great Point Properties' Bill Liddle & Greg McKechnie Share New Properties for Sale.

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Nantucket's Real Estate with Great Point Properties.

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An Optimistic Outlook with Edward Sanford.

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Great Point Properties' Bill Liddle & Greg McKechnie share a new house on Grant Avenue.

Market News

Island Events Calendar

Labor Day Weekend 2015
September 4 - 7, 2015

Fall Restaurant Week
September 28th - October 4th

Maritime Festival
September 19th

Nantucket Half Marathon
October 11th

Columbus Day Weekend 2015
October 9 - 12, 2015

13th Annual Cranberry Festival
Saturday, October 10, 2015

Christmas Stroll 2015
December 4th - 6th