A FAST START
The first 2 months of 2012 are off to a very positive start. Nantucket real estate sales have expanded 47% in transactions and 64% in dollar volume over the same time period of 2011.
Although it is a bit early to suggest this will be harbinger for the entire year it is a heartening sign. In addition there are some other metrics that point to an improving market. This chart is a snap shot through the end of February:
Over the last 2 years inventories are down and contracts and sales up. As result the pace of price reductions has slowed. All these factors point to an improving sales market. Today Buyers still have a great opportunity to buy. If the above trends continue, that window maybe closing.
The Nantucket real-estate market is once again solidly on the rise, with the total dollar volume of transactions for the first half of 2014 up 61 percent over the same period last year – the highest it’s been since before the global economic meltdown of 2008.
Five years since the end of the Great Recession, the economy has finally regained the nine million jobs it lost. But not all industries recovered equally.
Everyone loves a secret. Hidden rooms and passageways might seem like the stuff of a Victorian murder mystery, but these spaces are increasingly popular in homes, with owners installing them for reasons of design, security and just plain fun.
The Zoning Board of Appeals voted 5-0 this afternoon to deny an application from Michael Maitino, who was seeking relief by variance, to split his property at 29 and 31 North Liberty Street into to separate lots.
Even though the real estate market has turned the corner and most markets are seeing an increase in prices, there is still value in buying a vacation home in some markets.