Extra, extra, preliminary results are in – read all about them!
Total volume closed at almost $850,000,000.00 exactly. According to LINK, Nantucket’s main multiple listing service, there were 478 transactions this year compared to 527 last year. Last year, total volume was almost $1,000,000,000.00 to the dollar. So, volume down 15% and transactions down 10% would lead many to think that values were down. But, the real story is values were up, measured by median value, but high-end ($10mm+) transactions were down by almost 50%. Think about it, it would only take five $30mm transactions to make up the volume difference. Maybe wishful thinking, but 2016 is a fresh year.
Thank you all JPFCO clients, fans, friends, family – you are awesome!
Our friends are our clients and our clients are our friends!
2016 – let’s make it happen!
Happy New Year!!!
