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The Nantucket Real Estate Market

Great Point Properties Market Update

Posted: April 4, 2018 by Edward Sanford

A GOOD FIRST QUARTER
With March Nantucket real estate sales completed, the Nantucket market recorded an excellent start to 2018. For both house and land sales the increase in sales has been focused in the higher end of the market; for houses from $4 to $10 million and for land sales above $1,000,000. We will have a more in depth review in the forthcoming First Quarter review.

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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 March 31, 2018

vs. 2017 Year to Date

  • Avg. Sale Price: $2,332,970 14.6
  • Median Sale Price: $1,492,959 12.9
  • Avg. Sale to Assessed: 127% 7.6
  • Avg. Sale to Original Ask: 93% 1.1
  • Avg. Sale to Last Ask: 95% 0
  • Avg. Days on Market: 236 18.6
  • Total Houses Sold: 94 11.9
  • Total dollar sales: $219,299,219 28.2
  • Avg. Sale Price: $1,545,830 223.3
  • Median Sale Price: $1,250,000 212.5
  • Avg. Sale to Assessed: 128% 4.1
  • Avg. Sale to Original Ask: 96% 1.1
  • Avg. Sale to Last Ask: 97% 1
  • Avg. Days on Market: 188 -31.6
  • Total Land Sold: 24 118.2
  • Total dollar sales: $37,099,931 605.3
  • Avg. Sale Price: $1,894,333 67.1
  • Median Sale Price: $1,728,000 44
  • Avg. Sale to Assessed: 165% 36.4
  • Avg. Sale to Original Ask: 99% 4.2
  • Avg. Sale to Last Ask: 99% 4.2
  • Avg. Days on Market: 196 44.1
  • Commercial: 6 100
  • Total dollar sales: $11,366,000 234.3
  • Avg. Sale Price: $2,159,396 17.8
  • Median Sale Price: $1,472,500 20.7
  • Avg. Sale to Assessed: 130% 10.2
  • Avg. Sale to Original Ask: 94% 2.2
  • Avg. Sale to Last Ask: 96% 1.1
  • Avg. Days on Market: 228 12.9
  • Total Sales: 124 26.5
  • Total dollar sales: $267,765,150 49

Recent Sales

  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
46 Hummock Pond Road Hummock Pond$1,700,000$1,950,00087.18%29Single family32.1
29 Skyline Drive Surfside$2,850,000$3,095,00092.08%64Single family107.2
41 North Liberty Street Town$2,075,000$2,395,00086.64%36Single family32.1
3 Shimmo Pond Road Shimmo$1,600,000$1,595,000100.31%5Single family32.1
5B Witherspoon Drive # rear unit Mid Island$680,000$675,000100.74%6Single family32
11 Pippens Way Shimmo$2,400,000$2,750,00087.27%1316Land--
16 Ellens Way Miacomet$2,873,000$2,996,00095.89%65Single family45.1
11 Union Street Town$2,222,000$2,895,00076.75%344Single family33.1
7 Hamblin Road Cliff$3,285,000$3,875,00084.77%403Single family43.1
5 Tetawkimmo Drive Middle Moors$2,125,000$2,495,00085.17%267Single family43.2
87 Tom Nevers Road Tom Nevers$995,000$1,050,00094.76%858Single family31.1
14 Pleasant Street Town$1,715,000$1,925,00089.09%589Single family33
15A Pine Tree Road # 1 Mid Island$649,000$775,00083.74%82Condo32.1

Market Archives

2017 Q3

Mid-Year 2017

2017 Q1

2016 Year in Review

2016 Q3

2016 Q2