ALL PROPERTIES YTD FEB 2016 YTD FEB 2015 % CHANGE YOY

Transactions 72 62 16% d

Dollar Volume ($ in ‘000’s) $122,278 $125,111 –2% f

Avg Months on Market 9 8 1 d

Sales Price to Last Ask Price 94% 93% 1 d

Active Listings 297 274 8% d

Months Supply of Inventory 7 6 1 d

Recorded Contracts 79 53 33% d

$3,450,000 2 KING’S WAY

MARKETED FOR [2.3 Months]

$1,950,00039B MILK STREET

MARKETED FOR [3 days]

$6,950,0001 CLIFF LANE

5BR/5+BA .46 ACRES

(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS 1

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Market Insights BY JEN SHALLEY

NANTUCKET REAL ESTATE

KEY MARKET STATISTICS

MONTHLY SALES HIGHLIGHTS

NANTUCKET REAL ESTATE SALES ACTIVITYHISTORICAL ANALYSIS JANUARY & FEBRUARY

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14

SALES VOLUME ($) NUMBER OF TRANSACTIONS

HIGHEST SALE QUICKEST SALE NOTABLE NEW LISTING

FISHER’S R E V I E W

Nantucket real estate saw a

promising start to 2016 with a

16 percent year-over-year rise

in transaction activity through

February 29, 2016. Dollar volume

was down a modest two percent

due to an increase in the number

of lower price point transactions

($1MM-$2MM) and a simultaneous

decrease in higher end price points

(both the $2MM-$3MM and $4MM-

$5MM saw declines). A notable

and encouraging development

during the first two months of the

year was the 33 percent rise in new

contract activity — a data point

which indicates there will continue

to be strong transaction activity

into the second quarter. 

in $

00

0’s

15 16

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$200,000

$180,000

$160,000

$140,000

$120,000

$100,000

$80,000

$60,000

$40,000

$20,000

0

160

140

120

100

80

60

40

20

0

# o

f Transactions

Years

CONTRACT ACTIVITYVIBRANT START TO 2016

NOTABLE SALES TRENDS

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Market Insights BY JEN SHALLEY

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• New contract activity in January and February 2016 surpassed 2015 results by a respective 19 percent and 50 percent

• The average last listing price for these new contracts, $1.84 million, was nearly identical to one year ago

’SCONSET SALES ACTIVITYCURRENT MOMENTUM VS. 2015

SALES DATA & MARKETING TIMES

SF HOME SALES BY PRICE POINT THROUGH FEBRUARY 29, 2016

SINGLE-FAMILY HOMESPROJECTED MARKETING TIMES BY PRICE POINT

• One trend of note was a rise in early sales activity in ‘Sconset, particularly compared to full-year 2015 results

• YTD total dollar volume for ‘Sconset area sales and contracts measured nearly half of full-year 2015 results (see Fisher blog on “The Domino Effect”)

• While overall transaction volume increased, year-over-year dollar volume declined just slightly given an increased concentration in lower price point sales compared to 2015

• Home sales in the $1MM to $2MM price point increased 9 percentage points while sales in the $2MM to $3MM price point declined 5 percentage points

• Based on trailing 12-month sales and current inventory, the $8MM-$9MM price point is expected to take nearly twice as long to sell as homes priced between $6MM-$7MM

• Homes listed for less than $1MM are now expected to sell within two months, compared to a projected 4 months at the end of 2015

VIEW LARGE CHART

VIEW LARGE CHART

VIEW LARGE CHART

VIEW LARGE CHART

NOTABLE SALES TRENDS

(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS 3

Market Insights BY JEN SHALLEY

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NANTUCKET REAL ESTATE

• New contract activity in January and February 2016

surpassed 2015 results by a respective 19 percent

and 50 percent

• The average last listing price for these new

contracts, $1.84 million, was nearly identical to one

year ago

CONTRACT ACTIVITYVIBRANT START TO 2016

CLOSE

NOTABLE SALES TRENDS

(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS 4

Market Insights BY JEN SHALLEY

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NANTUCKET REAL ESTATE

’SCONSET SALES ACTIVITYCURRENT MOMENTUM VS. 2015

CLOSE

• One trend of note was a rise in early sales

activity in ’Sconset, particularly compared to

full-year 2015 results

• YTD total dollar volume for ’Sconset area sales

and contracts measured nearly half of full-year

2015 results

(see Fisher blog on “The Domino Effect”)

NOTABLE SALES TRENDS

(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS 5

Market Insights BY JEN SHALLEY

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NANTUCKET REAL ESTATE

SF HOME SALES BY PRICE POINT THROUGH FEBRUARY 29, 2016

CLOSE

• While overall transaction volume increased, year-

over-year dollar volume declined just slightly

given an increased concentration in lower price

point sales compared to 2015

• Home sales in the $1MM to $2MM price point

increased 9 percentage points while sales in the

$2MM to $3MM price point declined

5 percentage points

NOTABLE SALES TRENDS

(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS 6

Market Insights BY JEN SHALLEY

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NANTUCKET REAL ESTATE

SINGLE-FAMILY HOMESPROJECTED MARKETING TIMES BY PRICE POINT

CLOSE

• Based on trailing 12-month sales and current

inventory, the $8MM-$9MM price point is

expected to take nearly twice as long to sell as

homes priced between $6MM-$7MM

• Homes listed for less than $1MM are now

expected to sell within two months, compared

to a projected four months at the end of 2015