It was a monster week for Nantucket real estate sales. The week ending Thursday, September 23 had a little over $65MM in total real estate volume. What is very encouraging is that there were deals across all price ranges including a huge one for $22MM that sold with an abutting parcel for $5.5MM, to a not so huge trade for a free-standing condo. for $587,350. There are quite a few deals in the pipeline and total dollar volume for the island is likely to be around $800MM. Sellers have adjusted their expectations and Buyers are sensing that now is their chance to get into the Nantucket market.
High-end Nantucket Market stays hot
