I am noticing a trend in the Nantucket real estate market-good, solid deals are getting snapped up a lot quicker now than the last few years. If a property comes to market at a fair price or gets a price reduction that puts it at or below market, a buyer is there to buy. Take 20 Coffin Street for instance.
Asking $1.995MM, sold for $1.5MM. Scott Whelden from my office heard that the Seller really wanted to sell, so he told a buyer client of his and the buyer said offer the seller x, which he did and they finally settled at $1.5MM. Shortly after agreeing to the $1.5MM, there was a back-up offer for more money because word was out that the Seller was motivated to sell.
Buyers, keep your eyes peeled because there are great deals to be had. Sellers, if you want to sell, you can.