“The Nantucket real estate market saw $51M in sales through 16 transactions in April, bringing year to date volume just over $200M through 61 property transfers. This represented a year to date decline of 50 percent for both transaction and dollar volume metrics from this time one year ago. Until recently, we could blame most of the sales volume decline on the lack of property inventory. While inventory levels remain historically low, as of April 30, 2023, the total number of properties listed was 30 percent higher than one year ago.
April sales were led by the $8.5 million sale of 39 Cliff Road, which sold for a 13 percent discount from the original list price. While there were two properties that sold for the full listing price, the sales discount measured 10 percent off the listing price for properties that sold in April. This is higher than the four percent discount average that we witnessed over the last several months and a metric that we will keep a close eye on to determine whether there is any material movement in property values, or mispricing occurring.
New purchase activity was nearly identical to the previous two months with 16 new contracts, including at least three that we know of which had multiple bidders. New listings continued to increase with 34 newly listed properties in April.” Jennifer Shalley Allen
New Listings
$500,000 6 & 8 North Beach Street
$900,000 5 Rose Bud Lane – Lot 44
$1,175,000 1 South Mill Street
$1,300,000 76 Pleasant Street
$1,375,000 12 West York Lane
$1,595,000 77 Hummock Pond Road
$1,795,000 6 Fair Street
$2,185,000 30 Goldfinch Drive
$2,195,000 47 Goldfinch Drive
$2,195,000 25 Bank Street
$3,195,000 2 Center Street
$3,795,000 9 Gay Street
$3,995,000 18 Still Dock # 6
$3,995,000 4 Hydrangea Lane
$4,495,000 28 Union Street
$4,500,000 15 North Water Street
$4,695,000 26 Tennessee Avenue
$4,795,000 12 Willard Street
$4,895,000 137 Wauwinet Road
$5,250,000 3 Howard Street
$5,500,000 17 North Water Street
$5,795,000 2 Camelia Lane
$5,925,000 5 McKinley Avenue
$5,950,000 37 North Pasture Lane
$5,995,000 2 & 6 Center Street
$6,195,000 1 Barrett Farm Road
$6,375,000 65 & 88 Quidnet Road
$6,995,000 8 Walsh Street
$7,200,000 2 Old Mill Court
$7,995,000 17 North Water Street and 8 Sea Street
$8,795,000 126 Main Street
$9,475,000 2B Longwood Drive
$11,985,000 1 Farmview Drive
$15,500,000 20 Main Street
Under Agreement
$595,000 5 Bluet Court
$650,000 7 Bluet Court
$995,000 6 White Whale Lane
$1,295,000 13 Aurora Way
$1,375,000 12 West York Lane
$1,450,000 16 Allens Lane
$1,625,000 6C Folger Avenue
$1,795,000 7 West Chester Street
$1,995,000 22 Hawthorne Lane
$2,250,000 118 Orange Street B & D
$2,275,000 29 Sesapana Road
$2,695,000 3 Lowell Place
$3,195,000 3 Franklin Street
$3,495,000 25B Washington Street
$3,795,000 9 Gay Street
$5,975,000 4B Hawthorne Lane
Price Changes
$1,895,000 12 Pine Tree Road
$2,695,000 11 Adams Street
$2,995,000 29 Long Pond Drive
$3,375,000 5 Copper Lane
$5,950,000 89 Easton Street
$6,650,000 39 Quaise Road
$48,000,000 20, 21, 22 Berkeley Avenue
Sold Listings
$595,000 5 Bluet Court
$850,000 96/7 Tuckernuck
$885,000 22 Tashama Lane
$925,000 12 West Sankaty Road
$1,225,000 13 Aurora Way
$1,390,000 10 York Street
$1,700,000 26 Killdeer Lane
$1,860,000 34A Grove Lane
$2,500,000 4B Back Street
$3,065,000 67 Milestone Road
$3,945,000 25 North Water Street
$5,200,000 12 Ellens Way
$5,800,000 12 Galen Avenue
$6,050,000 9A Pilgrim Road
$6,150,000 26 Douglas Way
$8,500,000 39 Cliff Road