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Accentuated by professionalism and integrity, our team of Nantucket real estate agents and brokers is here to help you find the perfect Nantucket home. Our knowledgeable team has local roots and can guide you with experience and an understanding of island life. Whether you are looking for a Nantucket vacation rental or interested in purchasing on Nantucket, Great Point Properties strives to deliver service with friendliness, expertise and a sense of pride in the island of Nantucket.
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Great Point Properties Real Estate Market Update
Posted: September 10, 2019, by Edward Sanford
August 2019 Nantucket real estate sales saw a significant uptick in house transactions over August 2018. 41 houses sold compared with just 19 sales last August. August land sales were level with August 2018, but the year to date results are a bit skewed as a 36 lot Sconset subdivision sold in bulk in July 2018. Removing those sales from the totals, the 47 lot sales as of August 31, 2019 are running about average for eight months of sales. There was one commercial closing in August and commercial sales are having an excellent year.
Dollar volume is on track to finish over $1 billion again, propelled by an active commercial sales market that offsets the decline in land dollar volume. House dollar volume, despite the decline on sales, is on par with 2018.
