Great Point Properties Market News

Great Point Properties Market Update

Posted: May 02, 2017 by Edward Sanford

Continuing a theme highlighted last year, 1st quarter sales have developed into a good indicator for the coming year’s real estate sales performance. As of March 31, 2016, Nantucket house sales were 61% ahead of 2015 and finished with a gain of 15% over the previous year. Nantucket land sales followed a similar pattern starting down 140% and finishing with 31% fewer transactions than 2015. Except for 2011 sales, the change year over year for the 1st quarter has traditionally foreshadowed the year end result. Typically, both 1st quarter gains and losses moderated as the year unfolded. 2011 deviated from this trend with house sales dipping slightly for the year after an almost imperceptible 2% gain (51 versus 50 sales) over 2010 sales for the 1st quarter. Land sales that year declined a bit more dramatically, from a static result for the 1st quarter to an 18% decline for the year.  Read More

 


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Market Observations


Posted: June 20, 2017 by Edward Sanford

As we move toward the mid-point of the year Nantucket real estate sales are showing a paradoxical result. If you ask any agent on island we believe you would hear a similar refrain, that the market is as active as it has ever been. At Great Point Properties, we are running nearly 30% ahead of last year’s sales. Yet the totals through May illustrate a different picture.

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  • allhouseslandcommercial