Life on Nantucket Island

Stories and Articles About Year-Round Island Living

If the Past Is Any Indication of the Future

Then, we are going to hit $1,000,000,000, which I see as the benchmark number if we are in a very strong market or not. Traditionally, more than half of Nantucket real estate closings happen in the second half of the year – on average of about 55%, actually. For the first half of this year, we have closed $465mm. If the 45/55 split stands true, then we are on pace for just over $1bn. 2014 was the last time the market hit $1bn and there were $443mm closed in the first half of the year. Couple this trend with the fact that there are close to $200mm in pending sales and I think we are well on our way to the $1bn benchmark.