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On a Positive Note…

Interestingly enough, this pandemic is causing some people to want to buy more than ever on Nantucket. I had a client call me the other day and he said, “This pandemic has put my priorities in perspective. I love Nantucket. I can afford to buy, so what am I waiting for? Send me some listings and let’s plan on getting a deal done when I’m there this summer.” He understands the market is probably not going up in the short term, but he knows it inevitably will in the long run. Couple that with his purchasing power due to the historic low interest rates and he’ll ultimately be making a great lifestyle and financial investment.

As you can see, 2020 was shaping up to be another strong year, but sales volume is a lagging indicator. So, will be telling to see where these numbers are next month…

Year over year comparison of YTD total volume:

’09 – $69mm *Lowest total yearly volume.
’10 – $117mm
’11 – $86mm
’12 – $109mm
’13 – $81mm
’14 – $190mm *$1bn+ year.
’15 – $175mm
’16 – $223mm
’17 – $199mm *$1bn+ year.
’18 – $289mm *$1bn+ year. Highest total yearly volume.
’19 – $182mm *$1bn+ year.
’20 – $202mm