(Jan. 13, 2022) Nantucket’s red-hot real-estate market topped $2.3 billion in sales in 2021, a new record for total dollar volume.
“Last year was a continuation of 2020’s escape from COVID, except in overdrive. Buyers sought out Nantucket real estate as a sort of safe haven from the pandemic, both financially as an investment and as an escape from more crowded urban areas or other COVID-19 hot spots,” town assessor Rob Ranney said.
“Nantucket, despite its geographical challenges, or perhaps because of them, offers some insulation from the outside world, but still offers the ability to work remotely. Interestingly, foreign buyers have been mostly left out of the current market, which doesn’t seem to have slowed it down at all.”
In all, 825 properties changed hands last year, with the average home price $3.4 million and median price (the exact middle of the market) $2.6 million.
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