Jordan Real Estate is a Realtor Agency and our Brokers and Sales Associates are members of the National Association of Realtors, the Massachusetts Association of Realtors, the Cape Cod and Islands Association of Realtors, and the Nantucket Association of Real Estate Brokers.
Our team of brokers and agents will prepare a full written presentation with an opinion of value based on current market data in order to establish the correct pricing of your Nantucket property
Q1 2020 Real Estate 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.
2019 The Year in Review
Another Billion-Dollar Year in Nantucket Real Estate!
It's official... Nantucket is still the place to buy real estate.
Every year Nantucket exhibit's a new real estate trend. Some years buyers want antique homes, some years it's a particular location. 2019's trend was turn-key with a pool. (That doesn't mean that there isn't a buyer for your antique home.)
This was the first year of the short-term rental tax, and we did see a slight effect on the rental market. Most homeowners were wise to not raise rents, as the 11.7% tax was enough of an extra expense for rental clients.
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.