Great point properties is the leading Nantucket real estate firm specializing in Nantucket home sales and nantucket vacation rentals
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The Nantucket Real Estate Market
April Market Update
Posted: May 10, 2019, by Edward Sanford
As of April 30th, 2019 Nantucket real estate sales are showing mixed results. House transaction volume is off substantially compared to both the previous five years’ average. The decline is even greater compared to the first four months of 2018, which was atypically busy. Land transactions are up slightly compared to those same benchmarks, as are commercial sales. Commercial dollar volume has surged on two large transactions. As a result total dollar volume is off just 5% from the five years average.
How Great Point Properties Compiles Real Estate Sales Statistics
Great Point Properties compiles data of Nantucket real estate sale from the Nantucket multiple listing service (LINK), the Town of Nantucket Land Bank records, and the Town of Nantucket Registry of Deeds. Our goal is to provide our clients with a consistent view of the Nantucket real estate market using all available means to verify transactions. Great Point Properties includes all sales that are arm’s length market transactions, whether properties were listed by a real estate office or not. We do not include partial sales, inter-family sales, and time share sales. We do include properties restricted by an affordable housing covenant and purchases by conservation organizations.
