The Nantucket Real Estate Market
2019 Market Report
Posted: February 14, 2020, by Edward Sanford
2019 was another solid year for the Nantucket real estate market. Total dollar volume topped $1 billion for the third straight year. Additionally, since 2014, five of the six years have topped $900 million in total sales, a remarkable consistency. However, 2019 saw a drop in both house and land dollar volume. These declines were offset by a robust commercial sales market, where dollar volume topped $83 million, helping push the total above $1 billion. House dollar volume was the lowest since 2014 and land sales returned toward the norm after a significant increase in sales volume in 2018.
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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 |
| 7 South Valley Road | Shimmo | $4,800,000 | $5,695,000 | 84.28% | 509 | Single family | 4 | 6.2 |
| 36 Polpis Road | Polpis | $1,360,000 | $1,595,000 | 85.27% | 233 | Single family | 4 | 3 |
| 9 Carew Street | Sconset | $2,450,000 | $2,925,000 | 83.76% | 655 | Single family | 3 | 2.1 |
| 56 Vesper Lane | Mid Island | $552,000 | $552,000 | 100% | 0 | Land | - | - |
| 17 Bailey Road | Mid Island | $800,000 | $800,000 | 100% | 0 | Single family | 4 | 2 |
| 13 Mary Ann Drive # A | Mid Island | $755,000 | $765,000 | 98.69% | 87 | Condo | 3 | 3 |
| 21 Macys Lane | Mid Island | $1,350,000 | $1,675,000 | 80.6% | 219 | Multi-Family | 4 | 6 |
| 10 Still Dock | Town | $2,225,000 | $2,459,000 | 90.48% | 32 | Single family | 2 | 2.1 |
| 10 Still Dock | Town | $2,225,000 | $2,459,000 | 90.48% | 32 | Single family | 2 | 2.1 |
| 1 Bayberry Lane | Mid Island | $1,400,000 | $1,795,000 | 77.99% | 187 | Single family | 3 | 3 |
| 51 B Pleasant Street | Town | $1,000,000 | $1,295,000 | 77.22% | 577 | Single family | 2 | 2.1 |
| 3 Cottage Court | Town | $1,350,000 | $1,495,000 | 90.3% | 82 | Single family | 4 | 2.1 |
Market Archives
2019
2018