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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. 

Nantucket real estate market report chart - February 2012

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:


Nantucket real estate market report table - February 2012

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.

Nantucket

One-Family House Gain Brightens US Housing Outlook: Economoy

Friday, January 23, 2015

Builders broke ground in December on the most single-family homes in almost seven years, propelling an unexpectedly large gain in U.S. housing starts that signals construction will contribute more to economic growth in 2015.

Source: www.bloomberg.com

Decorating Your House to Sell

Friday, January 23, 2015

From the outside, your home is that perfect mix of classic and modern, with a nice wide lawn, mature trees, and the perfect smattering of flowers. It's in a desirable neighborhood with good schools, and it's even priced competitively. So why isn't it selling?

Source: realtytimes.com

Selectmen Remand Barn-Move Denial Back to HDC

Friday, January 23, 2015

The Board of Selectmen voted 4-1 last night to remand the Historic District Commission’s denial of a barn-move from 29 North Liberty St. to 12 Bartlett Road, sending the application back to the HDC for further review.

Source: www.ack.net

Bigger Wall Street Bonuses, Bigger Home Budgets

Friday, January 23, 2015

It is Wall Street bonus season, the time of year when Porsche dealerships are known to polish their inventory and private clubs stock up on Krug Champagne and bouncers.

Source: www.nytimes.com

The 2015 House of the Year

Friday, January 23, 2015

After more than 600,000 votes, readers crown their favorite: The Florida home that sold for $1 and traveled across a bay.

Source: wallstreetjournal.com

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