Great Point Properties Market News

Great Point Properties Market Report

Posted: April 29, 2016 by Edward Sanford
ARE 1ST QUARTER SALES AN INDICATOR?
Real estate transactions volume on Nantucket
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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Real Estate News

It’s Time to Think About Refinancing Your Mortgage (Again)

Sunday, July 17, 2016

It’s a good time to check the rate on your home mortgage, because you might save money by refinancing. For that, American homeowners can thank British voters, central banks in Europe and Japan, and a global economy that just can’t get out of first gear.

Source: www.nytimes.com

Seven Smart Renovations Under $500

Sunday, July 17, 2016

If you're thinking about selling your home, you may be stressed out about all the things you need to do to get it market ready, and all the costs associated with those updates.

Source: www.realtytimes.com

It’s Not a Housing Bubble, It’s Just Expensive

Sunday, July 17, 2016

Home prices have hit record highs in some major U.S. metropolitan areas, and house-flippers are behaving like it’s 2005: It’s no wonder people are chattering about another housing bubble.

Source: www.bloomberg.com

This Lender Offers Free Drinks, Yoga and Matchmaking with its Loans

Sunday, July 17, 2016

It felt like a reunion inside the TriBeCa cocktail bar in Manhattan where a crowd of 50 or so young professionals mingled.

Source: www.cnn.com

Planning Board OKs New Hospital

Sunday, July 17, 2016

Nantucket Cottage Hospital cleared a pair of significant hurdles this week in its push to build a new $89 million healthcare facility between Prospect Street and Vesper Lane, receiving approval for the project from both the Historic District Commission and Planning Board.

Source: www.ack.net

 

Market Observations


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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Quick Stats

  • Year to Date Vs. previous year to date
  • Avg. Sale Price: --
  • Median Sale Price: --
  • Avg. Sale to Assessed: --
  • Avg. Sale to Original Ask: --
  • Avg. Sale to Last Ask: --
  • Avg. DOM: 50-
  • Total Properties Sold: --
  • allhouseslandcommercial