Looking to buy or sell a property on Nantucket? That’s a big decision! And the guys at Fisher Real Estate are dedicated to delivering the most accurate market data and thoughtful real estate insights. This way, you can be sure when it comes time to make your commitment, that you truly understand the market and will be able to see first hand how it impacts you and your real estate purchase or sale.

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So I reached out to my friend Jen Shalley of Fisher, who with her team, compiled their Annual Real Estate Year In Review. Jen began her career in the Nantucket real estate field in 2008. Over the past eight years, she has been able to discover and uncover trends before people are talking about them, as well as challenge theories with market metrics through this annual report.

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While there are a lot of things that may be Grey on Nantucket, the Fisher 2016 Real Estate Year In Review gets the market facts in black and white. Here, Jen gives blACKbook the six things you need to note from the 2016 report:



1. THE BIG PICTURE

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It was a big year for Nantucket Real Estate with 472 transactions comprising $950 million in sales. Jen says, “Across many metrics, 2016 was one of our top markets with great activity across nearly every price point.”
 MORE DETAILS


 2. THE MIDDLE GROUND

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The median home sale value for 2016 came in at  $1.625 million. “This means property values are increasing,” Jen says. “While they are not quite at a historic high, they are the highest seen in the past six years.”
SEARCH HOMES


 3. THE BIGGEST JUMP

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The biggest jump in sales was in the category of the $5 million to $8 million homes. Jen says, “One of the most unique things about this activity is that a significant portion of the sales were speculative projects. In years past, speculative builders have concentrated more heavily within the $2 to $4 million mark, so it’s impressive to see more and more product in these higher price points.”
HIGH-END SALES


 4.THE HOT TREND

brought a demand for finished and furnished homes. Jen says, "It was one of the hottest years for new, beautifully decorated homes, especially in the high-end of the market. There were 31 homes that sold with the buyers able to step right in
2016 brought an even stronger demand for finished and furnished homes. Jen says, “It was one of the hottest years for new, beautifully decorated homes, especially in the higher end of the market. Many of these homes didn’t last more than just a couple of weeks before they were under contract.”


5. THE IMPORTANT TOPIC

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There tends to be a focus on the upper end of the market, but this was one of the best years for improving and making a dent into the housing issue on island. “With 24 sales in the ‘Affordable Homes‘ category, 2016 provided great opportunity for year round residents on Nantucket,” Jen says.
FURTHER DETAILS


 6. WHERE THEY AT

While it’s no big surprise that most real estate sales come from buyers in New England and New York, it’s really neat to actually map it out and see where people come from to purchase their Nantucket property,” Jen says. “It’s particularly interesting to see the West Coast and Texas demographic making a statement with the picture above.”
MORE NUMBERS


VIEW THE FULL VIDEO REPORT 

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Founded in 2016, Fisher Real Estate Nantucket came about when we – three of the Island’s top brokers – decided to cast off the status quo way of doing business. We aspire to do more and to do better by our clients.
At Fisher Real Estate, we know that buying or selling a Nantucket property is a significant decision. We are dedicated to delivering the most accurate market data and the most thoughtful market insights, because we know that while everyone has access to sales information, not everyone has the ability to help transform it into actionable advice.


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