Yes, the real estate market on Nantucket is booming - not exactly breaking news. 2020 was a banner year and 2021 is on pace to surpass it by a substantial amount. Any real estate agent would tell you now is one of the best times ever to sell a home. That is the easy part. Working with an experienced broker who understands the market and nuances of the island is paramount when listing your home and pricing it properly.
While it’s hands down a great time to sell, that does not necessarily mean it is a bad time to buy. Nantucket real estate has always been a wise investment and while we don't have a crystal ball, in the coming years, it's not a question of whether home values will increase, it’s a question of by how much. Location, building costs, and potential rental income are all important considerations to discuss with your agent. With the challenges of low inventory and high demand, it has become even more important to select a broker with many years under his or her belt to assist you with your purchase. A buyer can still find their Nantucket dream home in today's market but they must be prepared to move quickly and anticipate competing offers with a seasoned and assertive broker by their side.
We are seeing new listings come on the market on a regular basis. Below are some new exclusive listings from the past few days. Whether you are considering selling or buying, our experienced team is here to guide you when you need it.
