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Cross Creeks

Cross Creeks

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: February 29, 2016 by Edward Sanford
2015 was a Good Year.
2015 turned out to be a healthy year for Nantucket real estate sales. Although the year pales slightly in comparison to 2014,looking back over the last several years creates a much more favorable impression. For now, it seems that 2014 was a bit of an outlier.

2015 started off on a flat note with overall sales down 11% for the first three months. House sales were down significantly, off 31% compared to the first quarter of 2014. Land sales offset this decline with a healthy advance of 79%. Most of those land transactions were below $1,000,000, which is typically the price point where most land sales occur. Read More ยป

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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.

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