Pre-Existing, Non-Conforming

The Nantucket Zoning Code was adopted in 1972. There are many properties built before 1972 that do not comply with the zoning code and have a pre-existing, non-conforming use. For instance, a property with a commercial use in a residential zone is an example of a pre-existing, non-conforming use – think the Ships Inn on Fair Street or the Wauwinet Inn on Wauwinet Road. Having a pre-existing, non-conforming use can add a windfall of value and is another piece of the Nantucket real estate puzzle. However, if the pre-existing, non-conforming use is abandoned for 3+ years, then it becomes invalid.

I know it is only February, but the market is on pace to have its second biggest dollar volume year in history.

	YTD Closed Volume as of February 10th in mm’s
2009	$28	Lowest total yearly volume.
2010	$42
2011	$30
2012	$43
2013	$39
2014	$74	$1bn+ year.
2015	$96
2016	$100
2017	$85	$1bn+ year.
2018	$128	$1bn+ year.
2019	$77	$1bn+ year.
2020	$117	$1bn+ year.
2021	$139	Record year at $2.33bn.
2022	$112	$1bn+ year.
2023	$67	$1bn+ year.
2024	$118	$1bn+ year.
2025	$132