For those of you who think of January as the “off season” on Nantucket, I’m here to point out the reasons why you would be wrong. I think while everyone is singing Fa la la around the Christmas tree or dreidel dreidel in the glow of the Menorah with their family and friends over the holiday season, fond memories of summers past on good ole’ ACK emerge, and the planning of another summer vacation begins. On the day after Christmas there is a major influx of folks ready to book their Nantucket Vacation. And then, Wham, the Governor of Massachusetts threw us for a loop and passed a short- term rental tax with 4 days left in 2018 to spare leaving brokers and tenants in a frenzy to get leases executed prior to the January 1st deadline. And then the steamship authority opened for Car Ferry Reservations and the rental tsunami began. Long Story short, January is Busy…and the Real Estate market on Nantucket is alive and kicking. Here is a snapshot of the 2018 Real Estate Sales Market. Some of the Charts are taken from our Listing Service LINK. If you would like to be enrolled into Nantucket’s MLS, or have any further questions about Nantucket’s Real Estate Market or the impending Rental Tax, please contact us.
The Year in Review
- By Gloria Grimshaw