As the first quarter of 2021 draws to a close, real estate inventory remains low. While 40 new listings were added in March 2021 (47% more than March of 2020) inventory is not keeping up with demand as 45 properties were sold. When comparing numbers, it is important to remember that at this time last year the real estate market had all but halted as it adjusted to the effects of the pandemic before drastically coming back.
Widow's walks, also known as a roofwalks, are rooftop platforms surrounded by a railing. While not exclusive to Nantucket they are part of the island's architectural landscape whose original purpose is not as romantic as the widow's walk name suggests. They were built to give homeowners rooftop access to put out chimney fires that were a common occurrence during the 19th century when fireplaces were also used for cooking causing the inner chimney walls to become covered with flammable grease over time.
While Nantucket has always been a popular summer destination, the island's close proximity to major US cities while feeling far away has made it even more desirable in 2021. This increase in popularity along with fewer homeowners renting, renters postponing last year's trip to this year, and new renters booking early has made finding a rental more challenging, but far from impossible.
While 2020 was a record year for Nantucket real estate sales, 2021 is showing no signs of slowing down. Year-to-date numbers show an over 60% increase in the number of solds compared to last year with dollar volume up 41%. With sales at a record pace inventory is low compared to this time last year. At this time last year, there were 269 properties for sale compared to 175 as of 3/3/2021.
The 2021 Luxury Outlook report examines high-end residential markets across the globe in the wake of the Covid-19 pandemic. The comprehensive report provides insight into the world’s top primary and secondary markets and the anticipated wealth trends that will drive discretionary investment in the coming months.
Making reservations online with the Steamship Authority can be frustrating, in fact we have often suggested that you mail in your auto reservations or call (when available). Fortunately the Steamship Authority has announced improvements to their online reservation system.
If you're looking to rent a vacation home on Nantucket but no sure where to start, you're not alone.
Mark your calendar! Beginning at 5:00 am on January 12, 2021, reservations for travel with an automobile to Nantucket from May 19, 2021 through October 18, 2021 may be made via the internet.
The Festival of Wreaths and The Festival of Trees are highly anticipated Nantucket traditions that transform the Whaling Museum into a winter wonderland. To keep visitors safe this year you will need to book a viewing time before visiting.
Congratulations to The Georgantas Family for receiving a 2020 Paul & Niki Tsongas Award for their restoration of 7 Judith Chase Lane on Nantucket! The Tsongas Award is Preservation Massachusetts' highest honor, honoring people and projects that have displayed the highest level of commitment to historic preservation in the Commonwealth.
Explore some of our recent exclusive properties listed below. We have several new listings available with more being added frequently.
As of October 1st, anyone with a recreational shellfish license from the Town of Nantucket can go scalloping. A Fall tradition on Nantucket, scalloping is a great way to spend the day on the water while gathering special delicacies for the night's dinner or the freezer.
Golf on Nantucket is very accessible to the public and as the summer season comes to an end tee-times are even easier to get. Nantucket's two public courses are close to the water with links-style holes reminiscent of coastal Scotland. While similar in some ways each course has its own distinct atmosphere, services and history. It is worth, if time allows, checking out both.
Maury People Sotheby's International Realty is seeing an incredible number of sales for 2020. This can be attributed to our growing exclusive inventory coupled with our accumulation of buyers looking to purchase a home on Nantucket.
The beach, bikes, and exploring the island can take up a lot of time spent on Nantucket for kids. However, rainy days or needing a change of pace can call for some of the islands unique opportunities for kids to make summer even more special.