JUL 20
NANTUCKET REAL ESTATE Market Insights BY JEN ALLEN
MONTHLY SALES HIGHLIGHTS
HIGHEST SALE
HIGHEST LAND SALE
$8,130,000
$16,000,000
5 POND VIEW DRIVE MARKETED FOR [1 Day]
July represented the first month since February that saw a year-over-year increase in sales volume. And the increase was remarkable at nearly two and a half times the volume witnessed during each of the months in the second quarter. Monthly sales included 44 transactions totaling $126 million through the period ending July 31, 2020, a respective 47 percent and 40 percent increase from the same period one year ago and the highest July sales volume on record. Cumulatively, for the six months ending June 31, 2020, there were 172 property transfers totaling $450 million. This narrowed the year-over-year gap to 13 percent on a transaction basis and just four percent on a dollar volume basis. Single-family homes sales caught up to 2019 levels, while land and commercial sales lagged behind. Contract activity also set a historic record, setting the stage for a vibrant third and fourth quarter. Here are Fisher’s Market Insights for July 2020...
20 ARROWHEAD DRIVE SOLD PRIVATELY
KEY MARKET STATISTICS ALL PROPERTY TYPES
FY 2020
Transactions
FY 2019
% CHANGE YOY
5-YEAR AVG.
172
198
–13% f
212
$449,729
$468,580
-4% f
$470,261
6.8
6.9
–1% f
7.1
Sale Price to Last Ask Price
93%
93%
0
93%
Active Listings (July)
380
495
-23% f
433
Months Supply of Inventory
11.5
14.3
-20% f
13
98
56
75% d
59
Dollar Volume ($ in 000s) Avg. Months on Market
New Contracts (July)
NANTUCKET REAL ESTATE ACTIVITY THROUGH JULY 2011–2020
# of Transactions
©2020 FISHER REAL ESTATE
REVIEW
$2,400,000
36 WASHING POND ROAD MARKETED FOR [48 Days]
Dollar Volume
FISHER’S
COMMERCIAL SALE
Dollar Volume per Quarter
Q1
Q2
Q3YTD
# of Transactions
(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS
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