Great point properties is the leading Nantucket real estate firm specializing in Nantucket home sales and nantucket vacation rentals

508.228.2266

The Nantucket Real Estate Market

July Market Update

July 2022 real estate sales are continuing the same sales pattern that we have seen since the beginning of the year. Ignoring the banner year of 2021, transaction volume is very steady despite the historically low inventory. Dollar volume is very strong as house sales have been very active above $4 million, capturing 32% of sales versus 15% for the five-year average.  Land sales have seen similar results in the higher price points with 10 sales of $3 million and up. On the current trajectory, we could see nearly $2 billion in sales for 2022, which is a stunning number considering inventories for both land and houses are at all-time lows.

Read More In Our July Market Report


One for the books. 

Anyone who says that they knew how 2021 would unfold is, well... lying. It was another banner year. Going into the year, we discussed how people have come to value Nantucket more than ever and are looking to invest in their piece of this extraordinary island. We did not anticipate the speed and levels with which the buyers approached the Nantucket real estate market. In hindsight, it all seems so clear. Decades of wealth accumulation, low-interest rates, and a unique island merged, and we should have known that we would see record sales volume. But no, we did not see it coming. Thanks to all who have worked with Great Point Properties through these very unusual times. 

Download the 2021 Annual Report

Follow us on Facebook and Instagram to stay up to date on all the Nantucket real estate market activity. 

SIGNUP FOR OUR NEWSLETTER

How Great Point Properties Compiles Real Estate Sales Statistics

Great Point Properties compiles data of Nantucket real estate sale from the Nantucket multiple listing service (LINK), the Town of Nantucket Land Bank records, and the Town of Nantucket Registry of Deeds. Our goal is to provide our clients with a consistent view of the Nantucket real estate market using all available means to verify transactions. Great Point Properties includes all sales that are arm’s length market transactions, whether properties were listed by a real estate office or not. We do not include partial sales, inter-family sales, and time share sales. We do include properties restricted by an affordable housing covenant and purchases by conservation organizations.

Recent Sales

  • all
  • houses
  • land
  • commercial
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
Address Area Selling Price Listing Price % Listing Price DOM Type BR BA
8 Witherspoon Drive # B Mid Island $1,137,500 $1,200,000 94.79% 51 Single family 2 2
4 Curlew Court Naushop $1,800,000 $1,695,000 106.19% 106 Single family 3 2.1
19 West Chester Street Town $3,000,000 $3,295,000 91.05% 40 Condo 4 2.1
83 Baxter Road Sconset $1,250,000 $1,250,000 100% 4 Single family 4 3

Market Archives

2022

Mid Year Report

2021

Mid Year Report

Year In Review

2020

First Quarter

Mid Year Report

Year In Review

 

 

2019

First Quarter

Second Quarter

Third Quarter

Year In Review

2018

First Quarter

Second Quarter

Third Quarter

Year in Review

 

2017

First Quarter

Second Quarter

Third Quarter

Year in Review

2016

Second Quarter

Third Quarter

Year in Review

X