Sotheby’s International Realty has released its 2025 Luxury Outlook℠ report, which delves into emerging trends and key developments set to shape the global luxury real estate landscape in the coming year. The report highlights significant factors including how a US$84 trillion intergenerational wealth transfer may affect the real estate market, where 135,000 high-net-worth individuals (HNWIs) are projected to relocate, and the profound impact of “Best Places to Live” rankings on a city’s property values and inventory levels.

Overall, 2024 was another remarkable year for Nantucket real estate, marking the fourth-highest year on record in dollar volume. It was also the first time since 2021 that sales and dollar volume surpassed the previous year, giving plenty of reasons to celebrate. Maury People Sotheby’s International Realty had an exceptional year, once again securing its position as the top agency on Nantucket in the number of listings sold and the highest dollar volume sold.

Mark Your Calendar!

The Steamship Authority has announced their opening dates for summer auto reservations. Beginning Tuesday, January 28, 2025 at 8:00 a.m to February 3, 2025, reservations for travel with an automobile to Nantucket from May 13, 2025, through October 21, 2025 may be made via the internet. 

In recent years, summer rental seasons have been busier than ever, and 2025 is no exception. With rising demand, securing a prime summer rental now requires booking earlier in the year. While properties are filling up quickly, there are still plenty of exceptional options available throughout the summer.

The Nantucket Christmas Stroll, now in its 50th year, is a cherished holiday tradition transforming the island into a winter wonderland filled with festive cheer, unique shopping opportunities, and community events. This year, the event takes place from Friday, December 6, through Sunday, December 8, 2024, with highlights scheduled throughout the weekend. While some events are still being finalized, now is a great time to contact us to book a rental for Stroll Weekend.

As we head into winter, we reflect on another strong year for the Nantucket real estate market. Last month, dollar volume surpassed the billion-dollar mark ahead of last year’s pace, with the number of transactions holding steady and both average and median prices on the rise.

As we enter the final quarter of 2024, it’s evident that this year is shaping up to be another strong one for real estate sales on Nantucket.

Though September isn't over yet, it has already become the most active sales month of 2024. Maury People Sotheby's International Realty has sold more homes on Nantucket this year than any other agency.