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Nantucket News

October Monthly Real Estate Report

Monthly Real Estate Report
August Year-To-Date (YTD) Trends

YTD 201 homes have sold on island for an average sale price of $2.29M.

  • In 2017, there were 217 homes sold through August YTD at an average price of $2.42M. This represents a 5% decrease in the average sale price and 7% decrease in the number of homes sold YTD.

The big news continues to be the sale of land this summer:

  • August YTD 2018, 45 lots of land sold at an average price of $2.02M. This equates to a 141% increase in the average sale price and a 29% increase in the number of lots sold versus August YTD 2017.

Presently, there are 58 parcels of land for sale in Nantucket:

  •  The median price (excluding highest and lowest) of those listings is $1.325M
  • The lowest priced lot in Miacomet at $345,000 for 0.1148 of an acre.
  •  The most expensive is 2.9 acres on Pocomo Road at $6,295,000.
  • Including these two properties in the calculation the average price of land for sale is $1.768M

Inventory still available:

  • Excluding commercial and covenant homes, there are 360 homes for sale on the island at a median price of $2.9M.
  • Highest Priced Home – $38M – Cliff Road
  • Lowest Priced Home – $624K – Madaket

My Nantucket

 

Current Featured Listings

21 Clarendon Street – $1,345,000 

21 Clarendon Street

10 Sconset Avenue – $1,265,000

10 Sconset Avenue

3 Upper Tawpawshaw Road (Land Listing)

3 Upper Tawpawshaw Road