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UNDERSTANDING THE MARKET From the
turn of the last century Nantucket has been
a popular place to vacation and own a second
home. Since the 1960’s Nantucket has
developed into one of the premier second
home markets in America. As the island’s
popularity increased, a few forward thinking
individuals started the Nantucket
Conservation Foundation, whose sole purpose
was to obtain land to preserve forever.
Today, the NCF and other local (Nantucket
Land Bank) and national organizations own
almost 50% on the island. As popularity for
Nantucket has not diminished over the years,
this coupling of intense conservation
efforts and steady demand has created one of
the most stable real estate markets
imaginable. Since the early 1960s Nantucket
has seen only one real downturn. In the
late 1980s, a deep national recession
coupled with the Savings and Loan crisis
lead to tough market conditions. Since then,
beginning in earnest in 1992, Nantucket has
had a very strong real estate market,
characterized by good demand and a stable
inventory.
If you are unfamiliar with our island,
our web site has a host of information on
the Local Color page. Our personal insights
along with helpful links to other island
websites will give you a foundation of
information about Nantucket.
The Sanford Real Estate agents make
Nantucket their home. We have lived here a
long time and are actively involved in both
non-profit and local government. As a result
we have a wealth of personal knowledge that
will assist you in the decision process.
WHAT IS FOR SALE ON THE ISLAND? The
Nantucket market for homes begins at
$500,000 for a condominium and runs to
$23,000,000 for waterfront estates. We have
every product, from multi-family
condominiums, to beach cottages, to historic
homes, to contemporary residences. Our site
is connected to LINK:Nantucket, our multiple
listing service. You can register with one
of our agents to view all that is for sale
on the island. We are happy to set up
showings for any property you are interested
in. |
Edward Sanford