Great Point Properties Market News

Great Point Properties Market Report - Mid-Year 2016

Posted: August 15, 2016 by Edward Sanford


The 2016 Nantucket real estate market unfolded quickly in January and has stayed the course throughout the year. Since 2012 the sales trend for house transactions has consistently alternated above and below the moving trend line. That trend is intact, as house sales have bounced back significantly from 2015 with a 50% increase in closings as of June 30th. The 197 sales are the best mid-year total since the great recession in 2009. Read more

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All Sales YTD

Real Estate News

U.S. New Home Sales Rise to Highest Level Since 2007

Wednesday, August 24, 2016

Sales of newly built homes rose in July to the highest level in nearly a decade, a sign of solid momentum in the U.S. housing market.

Source: www.wsj.com

New Tech All Homes Will Have By 2020

Wednesday, August 24, 2016

New technologies are constantly emerging, rendering others obsolete every day. Many of these technologies eventually enter into our homes after being used in businesses or other capacities throughout the world first. Once they show themselves to be useful, people incorporate them into their everyday lives. Here are some technologies that every home will have by 2020.

Source: www.realtytimes.com

Essential 2016 Home Buying Skills

Wednesday, August 24, 2016

Buying real estate is one of the most complex undertakings of your life. Success is much easier to live with than failure, so decide from the start what "success" means to you in terms of purchasing real estate. Then, be prepared to learn everything necessary to achieve it.

Source: www.realtytimes.com

Things To Know Before Listing On A Historic District

Wednesday, August 24, 2016

Historical homes have an enchanting charm – their unique styles take you back in time which make them a dream to show.

Source: www.realtytimes.com

5 Things You Should Know About Home Inspections

Wednesday, August 24, 2016

f you're hiring someone to inspect the home you want to buy, or you're a seller trying to find out if there are any hidden problems that need fixing before you put your home on the market, here are five things you need to know:

Source: www.realtytimes.com

 

Market Observations


Posted: August 15, 2016 by Edward Sanford

With 7 months in the books Nantucket real estate sales remain robust. Yet the growth in house sales, 32% over July 31, 2015, is all in prices below $4,000,000. Over $4,000,000 there was actually one less transaction over the same time frame. July sales were off significantly from July 2015 but this could well be a timing factor. There were only 19 sales total as compared to 38 for July 2015. This dip in closings has lowered the estimated annual sales to $1.05 billion but that still would be the 3rd highest sales total in island real estate history.

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