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The Nantucket Real Estate Market

April Market Update

Posted: May 10, 2019, by Edward Sanford

 As of April 30th, 2019 Nantucket real estate sales are showing mixed results. House transaction volume is off substantially compared to both the previous five years’ average. The decline is even greater compared to the first four months of 2018, which was atypically busy. Land transactions are up slightly compared to those same benchmarks, as are commercial sales. Commercial dollar volume has surged on two large transactions. As a result total dollar volume is off just 5% from the five years average. 

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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 April 30, 2019

vs. 2018 Year to Date

  • Avg. Sale Price: $2,001,744 -14.1%
  • Median Sale Price: $1,458,750 -3.3%
  • Avg. Sale to Assessed: 114% -9.9%
  • Avg. Sale to Original Ask: 91% -1.7%
  • Avg. Sale to Last Ask: 95% -0.3%
  • Avg. Days on Market: 177 -22.9%
  • Total Dollar Sales: $148,129,060 -46.1%
  • Total Houses Sold: 74 -37.3%
  • Avg. Sale Price: $873,821 -43.1%
  • Median Sale Price: $650,000 -48%
  • Avg. Sale to Assessed: 118% -7.9%
  • Avg. Sale to Original Ask: 97% 1.3%
  • Avg. Sale to Last Ask: 98% 1.2%
  • Avg. Days on Market: 169 -38.4%
  • Total Dollar Sales: $23,593,156 -40.9%
  • Total Houses Sold: 27 3.8%
  • Avg. Sale Price: $5,172,774 173.1%
  • Median Sale Price: $2,500,000 44.7%
  • Avg. Sale to Assessed: 135% -18.1%
  • Avg. Sale to Original Ask: 92% -7%
  • Avg. Sale to Last Ask: 94% -4.9%
  • Avg. Days on Market: 128 -34.7%
  • Total Dollar Sales: $46,554,970 309.6%
  • Total Houses Sold: 9 50%
  • Avg. Sale Price: $1,984,338 -8.8%
  • Median Sale Price: $1,285,000 -13.2%
  • Avg. Sale to Assessed: 116% -9.9%
  • Avg. Sale to Original Ask: 93% -0.3%
  • Avg. Sale to Last Ask: 95% -0.6%
  • Avg. Days on Market: 179 -24%
  • Total Dollar Sales: $218,277,186 -33.1%
  • Total Houses Sold: 110 -26.7%

Recent Sales

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  • September
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  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
7 Skiff Lane Mid Island$920,000$950,00096.84%41Single family33.1
9 Bluebird Lane Naushop$1,310,000$1,310,000100%0Single family43.1
36 Crooked Lane Cliff$1,700,000$2,250,00075.56%67Land--
35 Pine Street Town$2,260,000$2,650,00085.28%245Single family53.1
21 Bank Street Sconset$1,070,000$1,315,00081.37%234Single family11
37 Vestal Street Town$2,900,000$2,995,00096.83%259Single family55.2
64 Miacomet Avenue Miacomet$1,633,000$1,695,00096.34%0Multi-Family55
77 Pocomo Road Pocomo$3,925,000$4,450,00088.2%0Single family32
11 Hedgebury Lane Town$5,050,000$5,295,00095.37%70Single family56.1
46 Lovers Lane Surfside$735,000$775,00094.84%13Land--
37 D Old South Road # 12 & 17 Mid Island$430,000$495,00086.87%126Condo11.1
40 Warrens Landing Madaket$2,025,000$2,195,00092.26%0Single family32
87 Skyline Drive # A Surfside$665,000$679,00097.94%36Covenant/Affordable21.1
13 Irving Street Surfside$4,377,500$4,995,00087.64%138Single family44.1
9 Crows Nest Way # A Wauwinet$2,500,000$2,500,000100%0Condo21
12 Ellens Way Miacomet$3,075,000$3,395,00090.57%89Single family44.1
6 Pine Street Town$2,365,000$2,395,00098.75%35Single family43
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