All Areas

The Nantucket Real Estate Market

February 2019 Market Update

Posted: March 11, 2019, by Edward Sanford

For the first two months of 2019 Nantucket real estate sales are off substantially from last year. Sales for the first two months of 2018 were a bit of an outlier so, in comparison, house sales are off in most price sectors with a total of 27 fewer sales than last February 28. The 37 transactions this year are the lowest since 2013.

Read More

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.

As of February 28, 2019

vs. 2018 Year to Date

  • Avg. Sale Price: $ 2,176,395 -5.5%
  • Median Sale Price: $1,670,000 8.6%
  • Avg. Sale to Assessed: 112% -14.4%
  • Avg. Sale to Original Ask: 91% -2.2%
  • Avg. Sale to Last Ask: 95% -0.3%
  • Avg. Days on Market: 187 -5%
  • Total Dollar Sales: $80,526,610 -45.4%
  • Total Houses Sold: 37 -42.2%
  • Avg. Sale Price: $840,786 -43.8%
  • Median Sale Price: $440,000 -52.2%
  • Avg. Sale to Assessed: 119% -0.1%
  • Avg. Sale to Original Ask: 92% -4.4%
  • Avg. Sale to Last Ask: 95% -2.3%
  • Avg. Days on Market: 365 61.7%
  • Total Dollar Sales: $5,885,500 -79.3%
  • Total Houses Sold: 7 -63.2%
  • Avg. Sale Price: $1,843,000 -12%
  • Median Sale Price: $2,000,000 -11.3%
  • Avg. Sale to Assessed: 96% -46.3%
  • Avg. Sale to Original Ask: 88% -10.6%
  • Avg. Sale to Last Ask: 90% -8.6%
  • Avg. Days on Market: 128 -22%
  • Total Dollar Sales: $9,215,000.00 -12%
  • Total Houses Sold: 5 0%
  • Avg. Sale Price: $ 1,951,574 -7.8%
  • Median Sale Price: $ 1,575,000 3.9%
  • Avg. Sale to Assessed: 112.00% -15.8%
  • Avg. Sale to Original Ask: 91.00% -3.3%
  • Avg. Sale to Last Ask: 95.00% -1%
  • Avg. Days on Market: 207 2.8%
  • Total Dollar Sales: $ 95,627,110 -48.7%
  • Total Houses Sold: 49 -44.3%

Recent Sales

  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
13 A Pine Tree Road Mid Island$840,000$925,00090.81%99Single family23
69 South Shore Road Surfside$2,125,000$2,495,00085.17%257Single family43.1
3 Crestwood Circle Tom Nevers$1,100,000$1,100,000100%Land--
3 Upper Tawpawshaw Road Middle Moors$825,000$875,00094.29%212Land--
2 Saccacha Avenue Cisco$3,200,000$3,200,000100%Single family44
39 & 43 Quidnet Path Quidnet$2,250,000$2,250,000100%Land--
6 Corby Way Mid Island$1,175,000$1,249,00094.08%39Single family43.1
11 Liberty Street Town$2,195,000$2,195,000100%Single family22.1
6 West Way Fishers Landing$1,252,000$1,252,000100%Single family64.1
12 Lyons Lane Tom Nevers$1,417,500$1,595,00088.87%157Single family32
3A Sun Island Road # 4 Mid Island$410,000$410,000100%Condo11
20 North Water Steet Town$3,191,966$3,191,996100%Commercial1412
3 Step Lane Town$4,148,004$4,148,004100%Multi-Family209
1 Jonathan Way Tom Nevers$1,542,500$1,825,00084.52%221Single family43
29 Rhode Island Avenue Madaket$1,249,500$1,375,00090.87%566Single family21
14 Lewis Court Mid Island$912,500$995,00091.71%79Single family42
1 Thurstons Way Mid Island$650,000$775,00083.87%147Single family22
17 Main Street # 1 Town$4,900,000$5,300,00092.45%236Commercial--
2 Cranberry Lane South of Town$2,225,000$2,475,00089.9%183Single family44.1
X