Nantucket Island Massachusetts Directory of Real Estate Resources

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.

The proposed Cape Cod wind farm may face another hurdle because of a defense bill passed by the Senate yesterday that calls for government to study whether the windmills interfere with military radar. The proposed 130-turbine park, to be built in Nantucket Sound, is near a missile defense surveillance system.