All Areas

The Nantucket Real Estate Market

Great Point Properties Market Update

Posted: January 7, 2019, by Edward Sanford

 2018 was another excellent year for Nantucket real estate sales.  A few highlights that defined the year are:

  • Total dollar volume of $1.144 billion was the second highest ever, bested only by 2005.
  • House transaction volume was the lowest since 2015, yet dollar volume was the highest ever, finishing at nearly $961 million.
  • Land sales were dominated by three bulk subdivision sales, accounting for 52 transactions. Resulting land dollar volume was the highest since 2006.

Great Point Properties will have a full report on the 2018 Nantucket real estate sales in a few

Read More

SIGNUP FOR OUR NEWSLETTER

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.

As of January 31st, 2019

vs. 2018 Year to Date

  • Avg. Sale Price: $2,384,421 7.2%
  • Median Sale Price: $1,775,000 1.3%
  • Avg. Sale to Assessed: 112% -11.5%
  • Avg. Sale to Original Ask: 90% -1.8%
  • Avg. Sale to Last Ask: 95% -0.1%
  • Avg. Days on Market: 147 -37.9%
  • Total Dollar Sales: $57,226,110 -33.3%
  • Total Houses Sold: 24 -28.6%
  • Avg. Sale Price: $498,875 -71.3%
  • Median Sale Price: $248,500 -80.1%
  • Avg. Sale to Assessed: 86% -7.8%
  • Avg. Sale to Original Ask: 91% -7.7%
  • Avg. Sale to Last Ask: 96% -2.6%
  • Avg. Days on Market: 460 349.2%
  • Total Dollar Sales: $1,995,500 -90.4%
  • Total Houses Sold: 4 -66.7%
  • Avg. Sale Price: $2,106,250 50.2%
  • Median Sale Price: $2,075,000 72.9%
  • Avg. Sale to Assessed: 102% -37.8%
  • Avg. Sale to Original Ask: 89% -11%
  • Avg. Sale to Last Ask: 90% -10%
  • Avg. Days on Market: 0%
  • Total Dollar Sales: $8,425,000.00 100.3%
  • Total Houses Sold: 4 33.3%
  • Avg. Sale Price: $2,113,957 2.5%
  • Median Sale Price: $1,737,500 12.1%
  • Avg. Sale to Assessed: 107% -16.8%
  • Avg. Sale to Original Ask: 90% -3.9%
  • Avg. Sale to Last Ask: 94% -2.3%
  • Avg. Days on Market: 158 -26.7%
  • Total Dollar Sales: $67,646,610 -35.7%
  • Total Houses Sold: 32 -37.3%

Recent Sales

  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
5 Bunker Hill Road Sconset$2,550,000$3,295,00077.39%792Single family44.1
6 Hanabea Lane Mid Island$440,000$477,00092.24%92Land--
5 Kittiwake Lane Naushop$1,550,000$1,595,00097.18%119Single family54.1
10 Maxey Pond Road Cliff$2,800,000$2,950,00094.92%542Land--
38 Youngs Way Mid Island$1,000,722$1,000,722100%Multi-Family33.2
18 Cato Lane Mid Island$1,100,000$1,100,000100%Multi-Family54
21 Clarendon Street Tom Nevers$1,250,000$1,395,00089.61%153Single family43.1

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

X