Listed for $1,125,000 in April 15 Meadow View Drive went under agreement in October and sold today for $925,000. Three bedroom, 2 bath house on well landscaped half acre lot in a great location. House has recently been upgraded inside and outside, including freshly painted and new roof. Room for expansion
Listed in September for $349,000 92 Goldfinch Drive went under agreement last month and sold this week for $310,000. 5,000 square foot buildable lot in R-5 zoning allowing for a footprint of up to 2,000 square feet. One of the last remaining vacant lots in the community of Naushop.
Listed for $1,395,000 in May 67 North Liberty Street had four price reductions to $1,075,000 and sold for $1,065,000. Craftsman style home near the Cliff area. Surrounded by front, rear and side yards this 3 bedroom, 2 bath home is in great condition. Secluded rear deck, fireplace and breakfast nook make this a comfortable family home.
Listed for $829,000 last month 22 Exeter Street now has an accepted offer. Two bedroom, two full bath home with many upgrades; wood floors, central air, new kitchen. Upside down living with large, second floor deck overlooking pastoral and distant ocean views. Five bedroom septic and 600+/- sf of ground cover available for expansion or second dwelling.
Federal-style mansion, circa 1840s, has been restored and meticulously maintained, with careful attention paid to preserving the historic integrity and period details of the structure. Located on India Street in the heart of Nantucket’s revered historic district, the house represents an era of great affluence in the island’s history.
A FAST START
The first 2 months of 2012 are off to a very positive start. Nantucket real estate sales have expanded 47% in transactions and 64% in dollar volume over the same time period of 2011.
Although it is a bit early to suggest this will be harbinger for the entire year it is a heartening sign. In addition there are some other metrics that point to an improving market. This chart is a snap shot through the end of February:
Over the last 2 years inventories are down and contracts and sales up. As result the pace of price reductions has slowed. All these factors point to an improving sales market. Today Buyers still have a great opportunity to buy. If the above trends continue, that window maybe closing.
The S&P 500 index closed above 1,800 for the first time Friday, capping seven weeks of gains.
Wealthy Borrowers Hunting for Vacation Homes Find Skeptical Mortgage Lenders at Every Turn; Is There a Rental Plan Hiding in That Chalet?
Traffic congestion and limits on the size of commercial buildings are two hot-button issues currently being discussed by the group charged with creating guidelines for future development in the mid-island area on either side of Old South Road.