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Nantucket Monthly Market Update, April 2022

Stories

Market Insights

Jen Shalley Allen
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“April real estate sales included several notable transactions, six of which totaled $120 million or 60 percent of the monthly dollar volume. For the third time in the last seven months, the island saw the bar for the highest property sale reset with the $36 million transfer of 21 Lincoln Avenue. While this was the technical new high water mark, the $25 million sale of 4 Middle Valley (and the accompanying $0 sale of 48 Shimmo Pond Road rumored to truly be $13 million) likely takes the cake. Despite the tremendous volume generated by these sales, monthly dollar volume was off 20 percent from April 2021. Year to date figures totaled $467 million, also down 23 percent from the same period in 2021. While inventory remained low with 88 properties by month’s end, 45 new properties came to market during April. This is 50 percent more than in March and typical of the seasonal fluctuation of new listings. This could bode well for the many eager buyers still waiting on the sidelines. They’ll have to contend with the ever rising cost of Nantucket property. At least two recent resale transactions suggest year-over-year appreciation may be between 15 and 30 percent. More to come in our full monthly write-up.  ” Jennifer Shalley Allen

New Listings
$975,000 39 South Cambridge Street
$1,295,000 13 Aurora Way
$1,500,000 3 Upper Tawpawshaw Road 
$1,549,000 17A Bartlett Road
$1,595,000 27 Tashama Lane
$1,675,000 12 Appleton Road
$1,695,000 5 Folgers Court
$1,700,000 73 Burnell  Street
$1,795,000 5 Evergreen Way
$1,995,000 1 Ridge Lane
$1,995,000 1 Lowell Place
$2,149,000 111 Hummock Pond Road
$2,295,000 2 Cynthia Lane
$2,495,000 4 Cabot Lane
$2,495,000 19 Coffin Street
$2,500,000 36 Goldfinch Drive
$2,950,000 1 Sparks Avenue
$3,250,000 5 Doc Ryder Drive 
$3,250,000 29 Milk Street
$3,295,000 19 West Chester Street
$3,345,000 67 Milestone Road
$3,900,000 163 Orange Street
$4,250,000 25 Willard Street
$4,495,000 52 Burnell Street/ Olivers Way
$4,995,000 57 Washington Street
$4,995,000 36 Sheep Pond Road
$5,150,000 7 Coffin Road
$5,295,000 4 Delaney Road
$5,495,000 16 Cannonbury Lane
$5,795,000 4A Wamasquid Place
$5,997,000 19 Boynton Lane
$6,249,000 19 Broad Street
$6,995,000 88 and 65 Quidnet Road
$6,995,000 81 Polpis Road
$7,395,000 3 Maple Lane
$8,150,000 62 and 64 Sankaty Road
$8,900,000 39 Quaise Road
$14,795,000 23 & 25 Pilgrim Road
$15,500,000 60 Wanoma Way
$16,950,000 41 Hulbert Avenue
$16,995,000 37 Nobadeer Avenue
$17,499,000 40 Easton Street
$18,000,000 11 Hinckley Lane
$18,875,000 7  Heather Lane
$36,000,000 21 Lincoln Avenue
   
Under Agreement
$849,995 40 1/2 Essex Road
$1,550,000 7 Point Judith Lane
$1,595,000 27 Tashama Lane
$1,595,000 12 Main Street #2
$1,695,000 24 Lovers Lane
$1,995,000 1 Ridge Lane
$2,149,000 111 Hummock Pond Road
$2,250,000 6 Spinnaker Circle
$2,495,000 5 North Beach Street
$2,500,000 308 Madaket Road
$2,595,000 42 Ridge Lane
$2,895,000 22 York Street
$2,900,000 17 Orange Street
$2,950,000 1 Sparks Avenue
$3,250,000 5 Doc Ryder Drive 
$3,250,000 9 Lily Street
$3,295,000 196 Hummock Pond Road
$3,800,000 54 Fair Street
$4,350,000 84 Cliff Road
$4,695,000 5 Coffin Street
$5,350,000 5 Milk Street
$6,249,000 19 Broad Street
$8,250,000 84 Cliff Road
$11,900,000 14 and 16 Coffin Street
$16,950,000 41 Hulbert Avenue
$18,875,000 7  Heather Lane
   
Price Changes
$1,445,000 23 West Chester Street # 6
$1,549,000 17A Bartlett Road
$4,250,000 134 Main Street C
$5,795,000 82B Cliff Road
$5,995,000 23 Walsh Street
   
Sold Listings  
$475,000 39 Essex Road # B
$600,000 42 Bartlett Road
$695,000 12 Hanabea Lane
$700,000 71A Fairgrounds Road
$700,000 71C Fairgrounds Road
$779,000 1 Bayberry Lane (portion of)
$780,000 43 Massachusetts Avenue A
$850,000 10B Miacomet Avenue
$1,100,000 27 Arlington Street
$1,100,000 39 Hooper Farm Road
$1,116,300 36 Gloucester Street
$1,200,000 79R Orange Street LLC
$1,230,000 26B Evergreen Way
$1,275,000 22 Pine Grove Lane
$1,275,000 16 Bluebird Lane
$1,365,000 Lot 9 Maple Lane
$1,575,000 7 Bartlett Road
$1,600,000 54B Union Street
$1,700,000 73 Burnell  Street
$1,805,000 5 Salros Road
$1,850,000 86 Cliff Road
$1,880,000 21 Essex Road
$1,979,000 7 Dooley Court
$1,995,000 7 Pond Road
$2,050,000 85 Vestal Street
$2,065,000 91 Hummock Pond Road
$2,100,000 19 Coffin Street
$2,380,000 7 North Mill Street
$2,395,000 3 Kittiwake Lane
$2,520,000 38 Union Street
$2,700,000 6 Daisy Way
$2,850,000 73 Vestal Street
$2,865,000 39 Meadow View Drive
$3,250,000 9 Lily Street
$3,775,000 54 Fair Street
$3,900,000 14 & 16 Sheep Pond Road
$4,390,000 30 India Street
$4,922,000 9 Willard Street
$5,000,000 34 Pocomo Road
$5,000,000 5 Milk Street
$11,875,000 14 and 16 Coffin Street
$13,000,000 76 & 78 Pocomo Road
$15,250,000 35 Shawkemo Road
$18,875,000 7  Heather Lane
$25,000,000 4 Middle Valley Road
$36,000,000 21 Lincoln Avenue

Written By

Jen Shalley Allen

Jen has worked on an impressive array of real estate transactions including two of the island’s largest and most complex vacant land transfers, commercial transactions, and single-family home sales,