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Great Point Properties Market Update

 

Posted: February 8, 2018 by Edward Sanford

January was an excellent month for Nantucket real estate sales. Both house and land sale easily bested 2017 sales. Total dollar volume, including commercial sales, topped $105 million, the best January dollar volume since the record setting year of 2005.

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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 January 31, 2018

vs. 2017 Year to Date

  • Avg. Sale Price: $2,224,819 7.6
  • Median Sale Price: $1,752,500 -6.3
  • Avg. Sale to Assessed: 127% 14.4
  • Avg. Sale to Original Ask: 92% 1.1
  • Avg. Sale to Last Ask: 95% 0
  • Avg. Days on Market: 237 25.4
  • Total Houses Sold: 36 16.1
  • Total dollar sales: $80,093,500 25
  • Avg. Sale Price: $1,738,502 372
  • Median Sale Price: $1,250,000 262.3
  • Avg. Sale to Assessed: 93% 0
  • Avg. Sale to Original Ask: 99% 0
  • Avg. Sale to Last Ask: 99% 0
  • Avg. Days on Market: 102 -27.1
  • Total Land Sold: 12 100
  • Total dollar sales: $20,862,031 844
  • Avg. Sale Price: $1,402,000 27.5
  • Median Sale Price: $1,200,000 9.1
  • Avg. Sale to Assessed: 164% 39
  • Avg. Sale to Original Ask: 100% 5.3
  • Avg. Sale to Last Ask: 100% 5.3
  • Avg. Days on Market: 74 0
  • Commercial: 3 50
  • Total dollar sales: $4,206,000 91.2

Recent Sales

  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
1 Dooley Court Surfside$1,438,000$1,595,00090.16%130Single family53.1
2 Old Mill Court Town$3,100,000$3,395,00091.31%81Single family55.2
5 Paupamo Way # 5 Nashaquisset$950,000$1,100,00086.36%95Co-op23
8 Squam Road Quidnet$1,525,000$1,695,00089.97%233Single family21
28 Stone Post Way Sconset$4,200,000$4,200,000100%0Single family55.1
2 Chestnut Street Town$2,770,000$2,950,00093.9%164Single family99
3 White Hart Lane Surfside$2,715,000$2,995,00090.65%362Single family43
5 North Road Shimmo$8,900,000$9,995,00089.04%36Single family67.2
2 Ash Street Town$1,350,000$1,350,000100%24Single family32.1
23 Golfview Drive Hummock Pond$1,505,919$1,395,000107.95%7Single family32.1
14 Tomahawk Road Mid Island$350,000$375,00093.33%0Land--
10 Sconset Avenue Sconset$885,000$1,100,00080.45%512Single family41
49 Essex Road Mid Island$970,000$995,00097.49%10Multi-Family64.2
8 Nobadeer Avenue Surfside$5,495,000$5,495,000100%59Single family66.3
11 R Union Street Town$3,150,000$3,495,00090.13%227Single family45.1
3 Buck Hollow Way Mid Island$3,625,000$3,800,00095.39%289Land--
20 Pippens Way Shimmo$1,675,000$2,000,00083.75%1236Land--

Market Archives

2017 Q3

Mid-Year 2017

2017 Q1

2016 Year in Review

2016 Q3

2016 Q2