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And We’re Off…

The 2021 Nantucket real estate market made history with $2.33bn in total volume – most ever by a long shot. The next highest years were $1.86bn and $1.16bn in ’20 and ’19, respectively. There’s currently approx. $200mm in the pipeline, which is almost equivalent to last year, but there are only 57 active listings compared to 211 at the same point last year! Should be interesting to see if the sellers come out to play.

One of the highlights of the 2021 market were the big commercial deals for a handful of tired, but A rated, properties. The crown jewel of them all – The Beachside in the heart of Brant Point – 3.5 acres, 94 keys, pool, parking, event space, liquor license – sizzling… Then there was the Nantucket Inn, The Pearl and Boarding House, The Brotherhood, and the downtown Summer House collection. It will be exciting to see their transformations as fresh capital gets pumped into them.