Bresette client, Nantucket Association of Real Estate Brokers, reports record breaking sales that top $1 billion for 2004.
The Nantucket Association of Real Estate Brokers (NAREB), the trade organization for the realtors of Nantucket, reports record sales for the year of 2004. NAREBís previous high sales mark of $628.5 million was set in 2000. Last yearís sales totaled $613.8 million. The year 2004 sales set a new record when they topped the $1 billion mark. Bresette + Company has been providing marketing services for NAREB since 2001, and is pleased to have been a part of the organizationís growth and increased profitability over the last three years.
The 2004 sales were strong in the lower end of the market consisting of single family homes, which were listed in the $400,000 to $500,000 range. Two large transactions pushed the sales over the top; the Nantucket Conservation Foundationís $20 million purchase of the 110-acre University of Massachusetts Field Station and the $15.5 million purchase of the 19.9-acre Nantucket Electric Co. headquarters. Many high end private homes also changed hands, but in general sales were strong across the board for NAREB members in 2004.
Bresette provides a full marketing program for NAR EB, which encompasses a direct mail program, interactive web site, trade magazine, and advertisements in high-end newspapers and magazines across the nation. Bresette publishes Nantucket Island Living, a full-color magazine for the NAREB members and prospective buyers, which is distributed seven times a year. Nantucket Island Living lists available properties and includes articles of interest to islanders. An events calendar is included and feature articles focus upon the art and culture of the unique island community. NAREB is committed to providing support for community activities, charitable initiatives, and controlled growth on the island. The magazineís web site can be viewed at http://www.nantucketislandliving.com
, was created and is maintained by Bresette + Company. It includes a full listing of available properties, in an easy to search format.
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