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.
Bedrooms: 5 Baths: 6
2013 rates July: $19,500 to $19,500 August: $15,000 to $19,500
Posted: September 24, 2013
As the Island's summer season winds down several market trends have become apparent.
The first notable market movement is the majority of sales of single family homes occurred under $2,000,000. Year to date there have been 174 home sales. 136 (or 78%) of transfers sold under $2,000,000. Additionally, there are 48 pending sales under $2,000,000. This popular price range is seeing tightening inventory pressures based on continued demand. There are currently 170 listings available in this range which is less than a one-year supply when you consider that the market has absorbed 184 houses (sold and pending) year to date. The driving factor behind this activity is the continuation of historically low interest rates and home values that are still below the heights of 2006. This price range will remain active if new and appropriately priced inventory comes to market and if interest rates remain low. Read More »
260 Polpis Road
Great Point Properties and Tom Bresette on 228
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