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Nantucket Monthly Market Snapshot, February 2024

Stories

Market Insights

Jen Shalley Allen
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“The Nantucket real estate market is off to a vibrant start in 2024 as January and February transactions point to a market that is, thus far, notably different than one year ago. Transaction volume is up 26 percent year-over-year while dollar volume is handsomely higher than the comparable period in 2023 thanks to three transactions above $10 million and a greater percentage of property sales between $4 million and $7 million. In fact, through February, there have been 13 transactions in this price range compared to the normal one to four transactions we typically see in the first two months of the year. ” Jennifer Shalley Allen

New Listings
$1,995,000 20 Berkley Street
$2,095,000 51B Pleasant Street
$2,395,000 7 Yompasham Lane
$2,495,000 113 Pleasant Street
$2,495,000 1 Pinkham Circle
$2,800,000 116 Baxter Road
$2,995,000 12 Pilgrim Road
$4,100,000 1 Nautilus Lane
$4,750,000 8 New Mill Street
$4,995,000 24 Wanoma Way
$5,850,000 17 North Water Street
$6,250,000 7 Coffin Road
$6,595,000 17 Burnell Street
$17,750,000 13 Washing Pond Road
$23,750,000 14 Lincoln Avenue

Under Agreement
$600,000 6 Sheep Pond Road
$1,850,000 3A Field Avenue
$1,995,000 8 Essex Road
$2,095,000 40 Sherburne Commons #23
$2,350,000 6 Kelley Road
$2,395,000 7 Yompasham Lane
$2,950,000 50 Burnell Street, Lot 21A
$3,095,000 16 Derrymore Road
$3,399,000 11 Fawn Lane
$3,995,000 21 Pine Street
$4,875,000 122 Wauwinet Road
$5,195,000 23 Walsh Street
$7,850,000 20 Ellens Way

Price Changes
$1,590,000 19 Cynthia Lane
$3,299,000 12 Derrymore Road
$4,276,400 24 Fair Street
$5,745,000 104 Baxter Road
$7,850,000 3 Skyline Drive
$18,000,000 218 Cliff Road

Sold Listings
$600,000 6 Sheep Pond Road
$1,387,500 4B Witherspoon Drive
$2,175,000 8 Curlew Court
$2,262,500 7 Yompasham Lane
$3,252,500 5 Francis Street
$3,720,000 3 Joy Street
$4,295,000 14 Delaney Road
$4,937,500 23 Walsh Street
$5,000,000 56 Walsh Street
$5,400,000 59B Polpis Road
$5,600,000 122 Wauwinet Road
$5,800,000 10A Delaney Road
$12,000,000 76 Eel Point Road

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,