Another Billion-Dollar Year in Nantucket Real Estate!
It's official... Nantucket is still the place to buy real estate.
Every year Nantucket exhibits a new real estate trend and it's our job here at Jordan Real Estate to track Nantucket Real Estate trends so we can better serve our clients. There have been years where antique homes on Nantucket were a trend, then other years there was a hot neighborhood on island that people were really interested in. What was 2019's real estate trend on Nantucket? It was turn-key with a pool. (That doesn't mean that there isn't a buyer for your antique home.)
2019 was the first year of the short-term rental tax on Nantucket Rental properties. We did see a slight effect on the rental market as a result. Most homeowners were wise to not raise rents, as the 11.7% tax was enough of an extra expense for rental clients. If you want to browse our extensive selection of Nantucket vacation home rentals, click here.
Nantucket got some press in Barron's this past year which is good news for sellers on the island. Nantucket has the highest value for any vacation-home destination in the country. Nantucket county is made up of 55.5% vacation seasonal/vacation homes. A vacation home county is one described by Barron's as a county with 20% or more of its residential property being seasonal.
Homeowners; it's always good to know the value of your home. So if you are interested in selling, or just looking at your options, contact us today and speak with one of our Brokers about doing a complimentary comparative market analysis for your property. Take a look at the following for a snapshot of the Nantucket Real Estate Market. For full market reports, contact us to have one of our agents register you onto our Nantucket MLS site.
Nantucket Real Estate broken down into segments. Residential real estate on Nantucket continued to be the leader. Commercial real estate on the island can be difficult yo come across because it tends to move quickly. At the time of publishing the article we have a very nice commercial plot for sale, looking for info on that, click here.
Surside, Town, Mid-Island and the Cliff villages continue to show strong sales numbers on Natucket. We have included some additional charts for you to use as refrence when researching Nantucket real estate. Again, if you have any questions our experienced team is ready to assist. We are available at firstname.lastname@example.org or by phone (508)228-4449