Great Point Properties Market News

Great Point Properties Market Update

Posted: March 24, 2017 by Edward Sanford

Nantucket is unique, a truly great place to work and to play, to live and to visit. At Great Point Properties we prize this island and strive every day to be the best real estate firm on Nantucket and to help families find homes and build traditions here.

Our growth in sales and vacation rentals is the result of our dedication to delivering useful, well-founded information to buyers, sellers, and renters, and to operate every day with honesty, integrity, and a strong work ethic.

Amidst growth and change in 2016, we are prouder than ever of the team we’ve built. We measure success, not just in sales dollars and numbers of properties sold, but in building durable customer relationships based on service. By any measure, our conscientious and committed agents, working under Great Point Properties’ guiding principles, are among Nantucket’s very best in a unique and competitive market.

We’re proud of our performance in 2016. Great Point Properties participated in 26% of all listed transactions, representing more than 30% of all annual sales last year.

We will continue to work diligently to serve you—our valued sellers, buyers, homeowners, and tenants—to ensure that we meet your needs again this year with energy, integrity, and innovation. 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 ​versus 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 downturn in the $1,000,000 to $2,000,000 segment.
Land transactions are in line with the previous three years with eleven transactions ​a​s of February 28th. Dollar volume is off nearly 40% as the sales have focused in the lower end of the market. For now it is difficult to see any significant changes to this very healthy market. Once March closings are in the books we can take a more expansive look at the coming year.

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Quick Stats

  • Year to Date vs. 2016 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