Great Point Properties Market News

Great Point Properties Market Update

Posted: January 13, 2017 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: March 15, 2017 by Edward Sanford

February saw a slight uptick in Nantucket real estate sales. Through February 28 house transactions are off slightly from the same time frame in 2016 with 51 closings verses 55 in 2016. Dollar volume is off only 3%. There has been a noticeable upswing in closings in the $2,000,000 to $3,000,000 price segment and a big down turn in the $1,000,000 to $2,000,000 segment.


Quick Stats

  • Year to Date vs. 2016 Year to Date
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  • Avg. DOM: 50-
  • Total Properties Sold: --
  • allhouseslandcommercial