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The Nantucket Life

Blog :: 04-2020

Q1 Nantucket Market Snapshot

 

We have some good news from 26 Miles out to sea. 

It’s hard to believe that the first quarter is complete and while it seems like the world has stopped spinning, Nantucket is proof that it still is.  The first quarter shows that we are right in line with 2019 which proved to be a billion dollar year.  
While we don’t have a crystal ball, the Jordan team’s general consensus moving forward into Quarter 2 is that the market will likely slow down due to this pandemic but, Nantucket is like a Jeep Wrangler: It holds it’s value.  We have found that visitors are looking forward to coming.  We have seen people looking to extend their leases and spend the entire summer here.  We’re finding that people who weren’t planning vacations until late summer are looking to come sooner.  We are starting to see that potential buyers who maybe were not ready to pull the trigger are becoming more serious.  We don’t know what is to come in terms of restaurant restrictions and passenger limitations etc, but we do know that people love Nantucket and want to be here.   Things are more uncertain than ever now but, Nantucket has weathered many storms and for now is holding strong.  

 

 

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