Great Point Properties Market News

Great Point Properties Market Update

Posted: January 13, 2016 by Edward Sanford

2016 has finished with overall transactions up only 3% over 2015, from 484 to 497 sales.  All of that gain was in a robust housing market. House sales were up 15% and total  dollar volume increased 19%. Land sales hit a five year low with only 72 transactions  down 31% from 2015. Dollar volume was off 19%. Total dollar volume finished at $969  million on 497 sales. This represents the 4th best sales year in dollar volume and the  second best transaction year since the market bottom of 2009. Read more

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Market Observations

Posted: December 7, 2016 by Edward Sanford

Since the beginning of the summer the Nantucket real estate sales market has eased. As of June 30, 2016 there had been 30% more total sales than the same period in 2015. But closings have slowed and currently 453 transactions have occurred compared to 438 as of November 30, 2015, only a 3% increase over 2015. With an average December sales month, real estate sales should total between 490 and 500 total sales. By comparison 2015 saw 484 sales and 2014, the best sales year since 2006, had 521 transactions.


Quick Stats

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  • allhouseslandcommercial