Posted: April 29, 2016 by Edward Sanford
ARE 1ST QUARTER SALES AN INDICATOR?
The chart above illustrates a consistent pattern that Nantucket real estate sales for a given year can be forecast based on the first 3 months of activity. Except for 2011, which started out with a slightly positive sales increase from 2010 and ended up slightly negative, every other year has followed suit based on the comparison of 1st quarter sales to the previous year. Typically the trends moderated, except for 2012 when sales ended up 44% higher that 2011 yet were only up 31% for the first three months. With that in mind, and sales up 22% over 2015, we should see another excellent sales year. At the current sales pace Nantucket real estate sales are on an annualized pace of over $1.1 billion. Read More
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Posted: July 6, 2016 by Edward Sanford
Nantucket real estate sales for June were strong. House sales are leading the way with an increase of 34% more closings this June than in June of 2015.
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