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The Nantucket Real Estate Market

Great Point Properties Market Update

Posted: August 8, 2018, by Edward Sanford

Nantucket real estate sales through July 31, 2018, were healthy. Compared to July 31, 2107 house sales were lower but land sales spiked and total dollar volume was well ahead of both the four years’ average and 2017.  Dollar volume is on track to end well above $1 billion and may surpass the record of $1.2 billion recorded in 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 July 31, 2018

vs. 2017 Year to Date

  • Avg. Sale Price: $2,197,476 0
  • Median Sale Price: $1,480,000 -3
  • Avg. Sale to Assessed: 130% 4
  • Avg. Sale to Original Ask: 92% -2.1
  • Avg. Sale to Last Ask: 94% 0
  • Avg. Days on Market: 203 9.7
  • Total Houses Sold: 192 -5
  • Total dollar sales: $421,915,432 -4.9
  • Avg. Sale Price: $1,027,320 44.6
  • Median Sale Price: $625,000 -1.3
  • Avg. Sale to Assessed: 100% -30.6
  • Avg. Sale to Original Ask: 100% 6.4
  • Avg. Sale to Last Ask: 100% 4.2
  • Avg. Days on Market: 277 -35
  • Total Land Sold: 81 161.3
  • Total dollar sales: $83,212,931 277.7
  • Avg. Sale Price: $2,320,750 95.8
  • Median Sale Price: $2,513,000 109.4
  • Avg. Sale to Assessed: 168% 46.1
  • Avg. Sale to Original Ask: 99% 2.1
  • Avg. Sale to Last Ask: 99% 2.1
  • Avg. Days on Market: 196 -18.7
  • Commercial: 8 14.3
  • Total dollar sales: $18,566,000 123.7
  • Avg. Sale Price: $2,120,270 10.7
  • Median Sale Price: $1,420,000 13.6
  • Avg. Sale to Assessed: 129% 3.2
  • Avg. Sale to Original Ask: 94% 0
  • Avg. Sale to Last Ask: 96% 1.1
  • Avg. Days on Market: 210 1.9
  • Total Sales: 209 2
  • Total dollar sales: $443,136,363 12.9

Recent Sales

  • January
  • February
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  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
12 Witherspoon Drive Mid Island$1,300,000$1,395,00093.19%112Single family43.1
14 Delaney Road Cliff$1,444,000$1,750,00082.51%245Land--
141 Orange Street Town$950,000$1,495,00063.55%193Land--

Market Archives

2018 Mid-Year Report

2018 First Quarter Report

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