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The Nantucket Real Estate Market

Great Point Properties Market Update

Posted: June 18, 2018 by Edward Sanford

Nantucket real estate sales continued apace in May. Sales transactions were nearly identical to those of May 2017. The May sales breakdown is as follows:

  • 22 houses sold totaling $44.45 million, versus 23 sales for $52.41 million in May 2017.
  • Six vacant lots sold for $3.54 million, against four sales totaling $3.81 million last May.
  • One commercial property, a guest house on North Water Street, sold for $4,000,000, against two sales totaling $1.99 million last May.

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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.

Quick Stats as of May 31, 2018

vs. 2017 Year to Date

  • Avg. Sale Price: $2,281,807 9.2
  • Median Sale Price: $1,518,000 14.6
  • Avg. Sale to Assessed: 128% 5.8
  • Avg. Sale to Original Ask: 93% 1.1
  • Avg. Sale to Last Ask: 95% 0
  • Avg. Days on Market: 216 11.3
  • Total Houses Sold: 140 6.9
  • Total dollar sales: $319,452,957 16.7
  • Avg. Sale Price: $1,358,217 95.3
  • Median Sale Price: $881,000 82.6
  • Avg. Sale to Assessed: 126% -0.8
  • Avg. Sale to Original Ask: 95% 1.1
  • Avg. Sale to Last Ask: 97% 2.1
  • Avg. Days on Market: 271 4.2
  • Total Land Sold: 32 77.8
  • Total dollar sales: $43,462,931 247.1
  • Avg. Sale Price: $2,195,143 85.2
  • Median Sale Price: $2,256,000 88
  • Avg. Sale to Assessed: 166% 44.3
  • Avg. Sale to Original Ask: 99% 2.1
  • Avg. Sale to Last Ask: 99% 2.1
  • Avg. Days on Market: 196 -18.7
  • Commercial: 7 0
  • Total dollar sales: $15,366,000 85.2
  • Avg. Sale Price: $2,123,307 12.4
  • Median Sale Price: $1,480,000 18.9
  • Avg. Sale to Assessed: 130% 7.4
  • Avg. Sale to Original Ask: 93% 0
  • Avg. Sale to Last Ask: 96% 1.1
  • Avg. Days on Market: 224 13.7
  • Total Sales: 179 14.7
  • Total dollar sales: $378,281,888 28.4

Recent Sales

  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
4 Wingspread Lane Shawkemo$13,000,000$13,500,00096.3%361Single family67.4
6 Sandsbury Road Tom Nevers$2,550,000$2,695,00094.62%36Single family43
14 Park Circle # A Mid Island$628,875$645,00097.5%91Condo32
76 Union Street Town$2,130,000$2,295,00092.81%57Single family43.1
35 Madaket road Town$1,650,000$1,795,00091.92%303Single family34.1
16 Somerset Road West of Town$967,500$995,00097.24%13Single family32.1
1 Washington Avenue Madaket$1,085,000$1,250,00086.8%134Single family42
33 Coffin Street Sconset$2,995,000$2,995,000100%10Single family44.1
25 Pleasant Street Town$1,675,000$1,815,00092.29%169Single family42
54 Goldfinch Drive Naushop$1,105,000$1,195,00092.47%24Single family43.1
7 East Dover Street # 2 Town$1,535,000$1,750,00087.71%211Co-op33.1
19 Daffodil Lane # B Surfside$935,000$935,000100%9Co-op53
82B Cliff Road Cliff$2,550,000$2,825,00090.27%243Single family44.1
6 Goldfinch Drive Naushop$1,135,000$1,295,00087.64%143Single family32

Market Archives

Great Point Properties First Quarter Report 2018

2017 Year In Review

2017 Q3

Mid-Year 2017

2017 Q1

2016 Year in Review

2016 Q3

2016 Q2