What does $27 million buy in Nantucket?
Answer: a 5,000 sf, 5 bedroom home on 1.5 acres, but….. it is on a cliff overlooking Nantucket Sound.
8 homes in total sold for over $10 million in 2014.
It may not be Nantucket but the North Shore offers great value in oceanfront property and I expect a strong market for such properties in 2015.
Read this Nantucket mansion sales through the roof article from boston.com.
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
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“It may not be Nantucket but the North Shore offers great value in oceanfront property and I expect a strong market for such properties in 2015.”
Why do you expect that, A?
Any specifics?
vb, Jody
I will publish a broader North Shore report soon, but as you know Marblehead saw record sales over $1 million and also over $2 million. See my November post on the subject.
As for the reasons for my optimism for 2015, these include:
– record sales in 2014
– the natural progression of markets rippling out from the epicentre of Boston
– strengthening economy
– gathering confidence
– low interest rates
– with the stock market at record highs profits may be reinvested in real estate