Nantucket Blog
Nantucket Island and Real Estate Information
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Maury People Sotheby's International Realty is proud to be a Platinum Sponsor of this year's Swim Across America - Nantucket Island Open Water Swim. In addition to sponsorship, a number of our agents will once again participate as athletes with The Maury People Sotheby's International Realty team.
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While real estate inventory is still low on Nantucket April is showing some promise. 22 new listings have come of the market in the past 2 weeks, 9 of which are Maury People Sotheby's International Realty exclusive listings. Our new listings cover a wide range of properties including waterfront estates, land, new construction and historic homes in Town.
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As the first quarter of 2022 draws to a close low inventory continues to have a major impact on the Nantucket real estate market. At the end of Q1 2021 there were 142 listings on the market (down 50% from the previous year), there are currently 71 properties on the market (end of Q1).
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When: April 22 - 24, 2022
For over 45 years The Nantucket Daffodil Festival has been an island favorite and its highly anticipated return after a 2 year hiatus is a testament to that. The old favorites will return at the center of activities including the always popular classic-car parade followed by the Sconset tailgate picnic, Daffodil Flower Show and Daffy Events held at Children's Beach.
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Not long ago, planning a Nantucket summer vacation was relatively easy, with plenty of rentals to choose from. Renters could find good availability throughout the Spring and even into early summer. However, strong demand over the past couple of years has forced the need to plan much earlier. If you are still looking to book a rental for this summer, we suggest you don’t delay and book something now. While availability is limited there are still many great properties available.
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Sotheby’s International Realty recently announced historic sales numbers in 2021 with US$204 billion in global sales volume, a 36% increase in sales year-over-year.
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Many factors came together to make 2021 a record-breaking year for real estate on Nantucket. The continued value of the island as a unique destination, low interest rates and wealth accumulation fueled strong demand. Inventory was low but properties were still coming on the market even if for only a few days or in some cases hours before going under contract.
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The 2022 Luxury Outlook report examines high-end residential markets across the globe. 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.
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2021 was an incredible year for real estate on Nantucket with sales reaching well over the $2 billion mark. We are proud and excited to lead the market once again in both transactions and dollar volume for 2021, especially during such a significant year.
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The past few years have been extremely busy for rentals on Nantucket and renters have responded by booking earlier than usual. If you are looking to rent for the 2022 season, now is the time to start. While there are still some great weeks and properties available they won't last long.
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Mark your calendar! Beginning at 5:00 am on January 18, 2022 to January 24, 2022, reservations for travel with an automobile to Nantucket from May 17, 2022 through October 19, 2022 may be made via the internet.
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Real estate in downtown Nantucket, or Town for short, has always been in high demand and for good reason.
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2021 marks the 20th year that brave souls take the plunge to benefit the Weezie Library for Children. Like last year, this year will be virtual but the goal remains the same, to provide the funding necessary for the Weezie Library for Children to offer FREE, year-round access to programs, services and materials to all library users.
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Simply put, the high demand for Nantucket real estate can be attributed to Nantucket being such a special place with a finite amount of land surrounded by water. And while every property on Nantucket is exceptional, waterfront property is in its own category in terms of demand and exclusivity.
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This year, due to continued COVID safety concerns the the Nantucket Conservation Foundation's has come up with the resourceful idea of celebrating the Cranberry Harvest. Instead of holding the Nantucket Cranberry Festival on one weekend they will instead celebrate the Cranberry Harvest through a series of smaller events held throughout the month of October.
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Last August was the first month of the year not to surpass the previous year's monthly sales total. Is it a sign that the market is slowing down? Unlikely considering August of 2020 saw record breaking numbers partly due to many sellers holding off listing earlier in the year leading to big numbers for late summer and into Fall. This year, while far from ordinary with dollar volume up 49% YTD, we are seeing a more traditional distribution of sales per month.
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Family Scallop Season, a Nantucket Fall tradition, begins on October 1. Its a great way to spend the day on the water gathering the tastiest scallops the ocean has to offer.
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We are thrilled that our exclusive listing 111 Surfside Road, Nantucket MA is the Sotheby's International Realty Extraordinary Property of the Day.
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While last year's first and second quarter real estate sales were slow due to the COVID-19 pandemic, the first half of 2021 has been anything but.
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During the the long, warm days of summer on Nantucket there are few things more enjoyable than swimming in your own retreat. These gorgeous listings offering swimming pools allow for outdoor enjoyment and entertaining.
