Real estate sales hit another high
Last year, the Nantucket real estate market reached uncharted territory – over $1 billion in total sales – and the question on many minds was whether the boom could possibly continue.
Apparently it has. Bolstered by the $75 million sale of more than 100 downtown storefronts, offices and apartments to Nantucket Island Resorts’ Steve Karp, total dollar volume for 2005 reached $1 billion by Halloween, and could near $1.3 billion if the $220 million in sales currently on the books close by the end of the year, island real estate brokers said this week.
