Written by .

Perked Ears and Piqued Interest

More so than ever because there are no rentals available for this summer, a big contingency of buyers are literally buying right now so they can be on Island this summer. A lot of the desirable sales listings are rented for the summer, so if a listing is available for this summer, it has a big competitive advantage over the listings that are rented. Definitely perks my ears and piques my interest when buyers says they can’t find a rental, but definitely plan to be here this summer:-)

The market continues to be very strong. The biggest issue is a lack of inventory. After hearing what their property is worth, I imagine some owners will get perked ears and piqued interest and test the market, but all in all, I think inventory is going to remain light.

Here are the YTD closed stats, which are incredible. And, at least another $200mm in the pipeline.

YTD as of June 11 in mm’s
2009 $109 Lowest total yearly volume.
2010 $204
2011 $171
2012 $254
2013 $165
2014 $318 $1bn+ year.
2015 $280
2016 $372
2017 $323 $1bn+ year.
2018 $392 $1bn+ year.
2019 $314 $1bn+ year.
2020 $301 $1bn+ year. Record year at $1.86bn.
2021 $762