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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

Climate Change Concerns Weigh on Cape Home-Buying Decisions

Monday, September 15, 2014

About five years ago, Neil Leifer and Ellen Carno decided to build a vacation home on Cape Cod and wanted a place within biking distance of the fast ferry from Boston to avoid summer traffic. Provincetown was too busy, they said, so they narrowed their search to the Truro area.

Source: www.bostonglobe.com

Luxury Homes: Priced to Sell at $30 Million

Monday, September 15, 2014

Want to sell your home fast? Maybe you should list it for over $30 million.

Source: www.wallstreetjournal.com

Sherburne Commons Foreclosed

Monday, September 15, 2014

The mortgage-holder of Sherburne Commons has foreclosed on the South Shore Road assisted and independent living facility, and scheduled an auction of its buildings and assets for Oct. 6 on the 20-acre town-owned property.

Source: www.ack.net

Nasdaq Drops to 1-Month Low as Internet Shares Tumble

Monday, September 15, 2014

Internet stocks and small-cap shares tumbled, sending the Nasdaq Composite Index near a one-month low, as investors sold some of the bull market’s best performing shares.

Source: www.bloomberg.com

Three Home Renovations for Maximum ROI

Monday, September 15, 2014

The National Association of Home Builders' Remodeling Marketing Index (RMI) for Q2 2014 has a composite score of 56, up three points from Q1. A reading over 50 indicates that more homeowners and remodeling firms are reporting renovation activity versus inactivity.

Source: realtytimes.com

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