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 Board of Selectmen on Wednesday night voted to recommend land adjacent to the Sherburne Commons elder-living community off South Shore Road as the site for a proposed new Our Island Home nursing home.
Murdoch is selling his 6,500-square-foot home in the West Village for $28.9 million.
For many years, real estate has been deemed a sound way to invest. Property management and wholesaling are just a couple ways that people can profit in the area of real estate.