“The new year kicked off with far fewer transactions than what the Nantucket market typically sees in January. There were just 15 transactions compared to the five-year January average of 41. Dollar volume still surpassed $50 million thanks to two $10M+ transactions.
Monthly sales were led by the $12 million sale of 34 Brewster Road and an $11 million sale along Hulbert Avenue, continuing the trend of high-end activity that has been vibrant for quite some time. The lowest sale of the month was $650,000 for a two bedroom townhome unit in Madaket.
New purchase activity was down quite significantly from historic records, measuring approximately one-third of what we’ve seen in January over the last few years. This is undoubtedly due to the combination of low inventory (88 listings in total) and rising interest rates.
We’ll dive into more details in our full January report…” Jennifer Shalley Allen
New to Market
$1,985,000 83 Baxter Road
$1,990,000 26 Killdeer Lane
$2,850,000 4 Birdsong Lane
$3,390,000 115 Washington Street A
$3,500,000 5 Copper Lane
$3,795,000 16 Gardner Road
$4,190,000 14 Pine Street
$6,495,000 9A Pilgrim Road
$6,495,000 19 Osprey Way
$12,000,000 34 Brewster Road
$33,750,000 25 Nonantum Avenue
Under Agreement
$1,775,000 8 Sconset Avenue
$1,995,000 8 York Street
$2,295,000 1 Sconset Avenue
$2,995,000 18 Sleepy Hollow # 1
$12,000,000 34 Brewster Road
Price Changes
$1,500,000 111B Old South Road
$1,695,000 6C Folger Avenue
$1,795,000 7 Square Rigger Road
$1,795,000 7 West Chester Street
$2,950,000 16 Teasdale Circle
$2,995,000 18 Sleepy Hollow #1
$4,375,000 23 Orange Street
$6,995,000 5 White Street
$7,495,000 31 Sankaty Road
$12,495,000 7 Pilgrim Road
$34,950,000 41 Jefferson Avenue
Sold Listings
$650,000 66 Arkansas Avenue
$1,400,000 32 Exeter Street
$1,400,000 8B Lyon Street
$1,700,000 34 Equator Drive
$1,900,000 34 Cannonbury Lane
$1,900,000 1 Beaver Street
$2,000,000 12 Nobska Way
$2,175,000 6 Jonathan Way
$2,200,000 1 Sconset Avenue
$2,400,000 16 Seikinnow Place
$2,500,000 34 Derrymore Road
$5,990,000 10B Delaney Road
$7,250,000 8 High Brush Path
$11,150,000 60 Hulbert Avenue
$12,010,500 34 Brewster Road