Market Observations

Great Point Properties Market Update

Posted: June 20, 2017 by Edward Sanford

As we move toward the mid-point of the year Nantucket real estate sales are showing a paradoxical result. If you ask any agent on island we believe you would hear a similar refrain, that the market is as active as it has ever been. At Great Point Properties, we are running nearly 30% ahead of last year’s sales. Yet the island-wide totals through May illustrate a different picture. Read More

  Dollar Volume     Transactions
May Sales 2017 2017 var.   2017 2017 var.
Houses $52413460 $60459000 -13%   23 32 -28%
Land $3807500 $6620000 -42%   4 7 -43%
May Totals $56,220,960 $67,079,000 -16%   27 39 -31%
YTD as of May 31st 2017 2017 var.   # # var.
Houses $273802010 $279525308 -2%   131 153 -14%
Land $12520185 $28163000 -56%   18 28 -36%
YTD Totals $286,322,195 $307,688,308 -7%   149 181 -18%

Quick Stats as of June 30, 2017

vs. 2016 Year to Date

  • Avg. Sale Price: $2,116,998 15.7
  • Median Sale Price: $1,400,000 8.5
  • Avg. Sale to Assessed: 124% -2.4
  • Avg. Sale to Original Ask: 94% 1.1
  • Avg. Sale to Last Ask: 95% -2.1
  • Avg. Days on Market: 181 -16.2
  • Total Houses Sold: 204 -4.2
  • Total dollar sales: $366,240,710 1.9
  • Avg. Sale Price: $723,147 -40.9
  • Median Sale Price: $625,000 -24.9
  • Avg. Sale to Assessed: 142% -1.4
  • Avg. Sale to Original Ask: 94% -2.1
  • Avg. Sale to Last Ask: 95% -2.1
  • Avg. Days on Market: 474 194.4
  • Total Houses Sold: 25 -21.9
  • Total dollar sales: $18,078,685 -49.3

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