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

How Much Does Location Really Matter When Buying a Home?

Tuesday, September 13, 2016

The old saying, "Location, location, location" is more like a mantra when it comes to real estate. Buy in the wrong one and you could be setting yourself up for financial ruin. Or at least an unhappy experience. Right?

Source: www.realtytimes.com

Inequality is Widening, Even in Real Estate

Tuesday, September 13, 2016

Where you live can have a big impact on your future prosperity. That's because the country's most expensive housing markets have appreciated at a much faster clip in the last 30 years than homes in the country's least expensive markets.

Source: www.money.cnn.com

Use Technology to Attract High End Home Buyers

Tuesday, September 13, 2016

ERA Real Estate and HGTV reported 46 percent of consumers see smart-home technology as important for their current and future residences. But luxury homebuyers are willing to make the ultimate sacrifice. According to Digital Interiors, 94 percent of buyers surveyed would sacrifice 1,000 square feet of living space for more technology in their new home. Oversized houses are no longer the driving trend in the luxury real estate market and agents are under pressure to respond to the demand. Here’s what affluent homebuyers are looking for and which gadgets are must-haves.

Source: www.realtytimes.com

Finding Your Home’s Value Takes More Than a “Zestimate”

Tuesday, September 13, 2016

Finding your home’s value takes more than a “zestimate”

Source: www.boston.com

Kitchen Renovations That Will Give You The Biggest Bang for Your Buck

Tuesday, September 13, 2016

For some, the idea of a kitchen renovation is thrilling. They can't wait to get in there and rip out countertops, replace or paint cabinets, and choose shiny new finishes. Others just had a small anxiety attack upon reading the words "kitchen" and "renovation" together.

Source: www.realtytimes.com

 

Market Observations


Posted: September 7, 2016 by Edward Sanford

Little has changed with August real estate sales activity. The lower number of July house closings look to be a bit of an aberration as closings for this August were 32% higher than August 2015. There were 33 sales versus 25 for last August. Year to date house sales are up 32%. This increase is almost all below $4,000,000. For 2016, over $4,000,000, there has been just one more transaction than as of August 31. 2015. This may change as, of the 78 houses reported under contract, seventeen are listed in excess of $4,000,000. That compares to only seven last year out of 96 reported contracts as of last August 31.

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