Beautiful, free standing oak post and beam condo with an open floor plan close to downtown. This turnkey 2 bedroom, 1.5 bath condo has an excellent rental history. Dining room chandelier and mailbox are not included in the sale. Owner is a licensed MA real estate agent.
Listed in January for $439,000 39 South Cambridge Street went under agreement in March and sold yesterday for $400,000. Three bedroom two bath Madaket townhouse was just renovated in 2012. New kitchen with granite counters and new appliances, new wood/tile floors throughout and new sliding deck doors are just a few of the upgrades. Close proximityContinue Reading
Listed for $895,000 in August 2011 7 New Lane had one price reduction to $795,000, went under agreement in March and sold this week for $715,000. Two bedroom , one bath home with a fabulous yard with mature trees and koi pond (no koi included). Lots of expansion potential for house or garage apartment.
Listed in October 2008 for $975,000 8 Cliff Road # C had five price reductions to its last ask of $699,000 and is now under agreement. Second floor condominium in the historic Captain McKay house features a large living/dining kitchen area with many windows and a door onto a small balcony. Located at the beginning ofContinue Reading
Listed for $1,175,000 in November 6 Nichols Road had one price reduction to $1,125,000 and now has an accepted offer. Ocean views and beach access from this well maintained beach house.
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.
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