True estate sales top $1 billion in nine months – Information – Barnstable Patriot

(Oct. 8, 2020) Nantucket’s serious estate market place is in the house stretch of its busiest calendar year in heritage, on observe to arrive at $1.5 billion in income inspite of slamming to a in close proximity to-halt this spring thanks to coronavirus problems and continue to be-ath-ome advisories.

Affluent potential buyers ready to perform from residence and hunting to flee crowded urban areas are snatching up attributes with room for their extended spouse and children, a home office and additional frequently than not a pool at an unprecedented speed, serious-estate brokers reported this week.

“It just keeps likely. There appears to be to be no lack of dollars. It’s not just here. People today are looking for locations to get away

wherever, not necessarily costly. It is a flight to security,” reported Gary Winn of The Maury Men and women/ Sotheby’s Worldwide Realty.

“It’s the excellent storm. The inventory market is performing wonderful and people today are fleeing the cities.”

From Jan. 1-Sept. 30, $1.03 billion in property transformed arms in 359 transactions, the maximum dollar quantity ever via 3 quarters. It’s up 55 percent from the $665.3 million gross sales the first three quarters of previous year, in accordance to studies compiled by Rob Ranney of the town assessor’s place of work.

 

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