Written by .

Outdoor Showers and Fires

Labor Day came and went – still here. Anyone who is still here on Nantucket is in for the treat of Fall ’20 – everything’s open, get into restaurants, play on golf courses, the weather is warm during the day and cool at night, the fish are biting, the surfs up – overall epic.

The market remains strong. Within a week in June, the market went from spiraling down to catapulting up. Market’s on pace to beat the record year by 30-40%. There’s currently $623mm pending sales marked in the MLS. There’s probably close to an equal amount not marked. And, it’s only September. So, $670mm closed + $623mm marked pending + $623mm unmarked pending = $1,916mm. $2bn is in strike zone…

Year over year comparison of YTD total volume:

’09 – $193mm *Lowest total yearly volume.
’10 – $316mm
’11 – $305mm
’12 – $452mm
’13 – $401mm
’14 – $522mm *$1bn+ year.
’15 – $500mm
’16 – $594mm
’17 – $626mm *$1bn+ year.
’18 – $617mm *$1bn+ year. Highest total yearly volume.
’19 – $584mm *$1bn+ year.
’20 – $670mm

Getting close to time of year when we miss the outdoor shower, but welcome the fire.