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Nantucket Monthly Market Update, June 2022

Stories

Market Insights

Jen Shalley Allen
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“Just like that, we’ve wrapped the calendar for the first six months of the year! A preliminary look at first half numbers show there were 203 transactions totaling $681 million through June 30th, 2022.  As compared to one year ago, this represents a 27 percent decline in transaction volume but only a five percent decline in dollar volume thanks to what continued to be a very healthy high-end market.  On the inventory front, there were a total of 143 properties listed for sale including land, commercial properties and single-family homes.  This is down from the 171 listed properties one year ago but compares to 341 properties for the five-year, end of June average.  There were 17 price reductions in June of 2022 compared to exactly the same number in 2021 and the average marketing time hovered around three months, which is still about half of the time we witnessed last year.  There is sure to be more inventory to come online in July so we’ll be keeping a close eye on market dynamics.  ” Jennifer Shalley Allen

New Listings
$865,000 6 Essex Road #1
$925,000 20A Park Circle
$1,495,000 9 Correia Lane, Lot 1
$1,600,000 13A&B Surfside Drive
$1,795,000 6 Beverly Court
$1,800,000 4A Witherspoon Drive
$1,950,000 2 Falcon Court
$1,995,000 8 Prospect Street
$1,995,000 8 Ipswich Street
$1,995,000 34 Essex Road
$1,999,000 73 Bartlett Road
$2,275,000 10 Roberts Lane
$2,275,000 8 New Street
$2,395,000 3 Rustys Way – House & Cottage
$2,645,000 7.5 Back Street
$2,650,000 32 South Cambridge Street
$2,750,000 33 Long Pond Drive
$2,795,000 66 Madaket Road
$2,995,000 8 Surfside Drive
$3,000,000 13 and 15 Sandsbury Road
$3,100,000 3 Masaquet Avenue
$3,100,000 7 White Street
$3,150,000 7 Lyons Lane
$3,495,000 5 East Lincoln Avenue
$3,595,000 8 New Hummock Circle
$3,990,000 12 Sesachacha Road
$3,995,000 7 New Mill Street
$4,195,000 2A Copper Lane
$4,195,000 27 Pequot Street
$4,295,000 24 Pleasant Street
$4,450,000 16 Gladlands Avenue
$4,795,000 2 Hussey Farm Road
$5,000,000 23 Orange Street
$5,200,000 216 Cliff Road
$5,200,000 21 Ocean Avenue
$5,250,000 36 Tennessee Avenue
$5,385,000 15 Lily Street
$5,750,000 41 West Miacomet Road
$5,995,000 235 Madaket Road
$6,500,000 50 Burnell Street
$6,750,000 20 West Chester Street
$7,495,000 9A Pilgrim Road
$7,950,000 13 Cliff Road
$8,250,000 142 Surfside Road
$8,295,000 33 Baxter Road
$8,450,000 4 Okorwaw Avenue
$9,200,000 31 Pequot Street
$9,295,000 46 Madequecham Valley Road
$10,500,000 24 Cliff Road
$10,950,000 6 Deacons Way
$11,250,000 60 Hulbert Avenue
$11,995,000 6 Old Westmoor Farm Road
$14,995,000 41A Cliff Road
$14,995,000 39 and 37 Cliff Road
$15,275,000 49 Hulbert Avenue
$15,950,000 60 Wanoma Way | 13 and 15 Sandsbury Road
$15,995,000 33 Nonantum Avenue
   
Under Agreement
$925,000 20 Park Circle # A
$940,000 5B Pine Tree Road
$1,175,000 8B Witherspoon Drive
$1,250,000 83 Baxter Road
$1,295,000 332 Madaket Road
$1,400,000 8B Daffodil Lane
$1,695,000 15 Pine Grove Lane
$1,800,000 Lot 6 Maple Lane
$2,295,000 2 Cynthia Lane
$2,600,000 17 Orange Street
$2,645,000 7.5 Back Street
$3,100,000 3 Masaquet Avenue
$3,150,000 7 Lyons Lane
$3,195,000 8 Swain Street
$3,250,000 36 Cliff Road
$3,350,000 53 Washington Street
$4,099,000 23 Madaket Road
$4,295,000 24 Pleasant Street
$4,795,000 2 Hussey Farm Road
$4,995,000 57 Washington Street
$5,150,000 7 Coffin Road
$5,200,000 21 Ocean Avenue
$5,375,000 38 North Mill Street
$5,995,000 235 Madaket Road
$5,995,000 19 Osprey Way 
$8,495,000 23 Brewster Road
$9,950,000 16 Cathcart Road
$12,900,000 17 Monomoy Road
$13,495,000 2,4,6 Highland Avenue
   
Price Changes
$1,295,000 17A Bartlett Road
$1,595,000 35A Essex Road
$2,150,000 18 Williams Street
$2,295,000 29 Tashama Lane
$2,450,000 2 The Grove
$2,847,000 9 Sandsbury Road
$2,950,000 4B Back Street
$3,275,000 67 Milestone Road
$3,295,000 6 Whitetail Circle 
$3,695,000 156 Madaket Road
$4,695,000 2 Silver Street
$5,775,000 14 Hussey Street
$11,160,000 64 Hulbert Avenue
$11,400,000 113 Cliff Road
$11,995,000 6 Old Westmoor Farm Road
$13,000,000 60 Wanoma Way
$24,600,000 256 Polpis Road
   
Sold Listings  
$335,000 18 Beach Grass Road
$517,750 10B Greglen Avenue
$525,000 30A Evergreen Way
$645,000 77 Hummock Pond Road
$775,000 12 Main Street #3
$835,000 43A Macys Lane
$900,000 77 Hummock Pond Road
$970,000 7 Square Rigger Road
$1,160,000 8 Heath Lane
$1,305,000 332 Madaket Road
$1,376,865 Lot 1 Maple Lane
$1,390,000 8B Daffodil Lane
$1,750,000 24 Lovers Lane
$1,800,000 2 Dennis Drive #1
$1,800,000 5 Miacomet Avenue
$2,000,000 14 Flintlock Road
$2,075,000 23 Kittiwake Lane
$2,149,000 111 Hummock Pond Road
$2,150,000 41 Wigwam Road
$2,175,000 2 Cynthia Lane
$2,200,000 18 Nobadeer Avenue
$2,250,000 308 Madaket Road
$2,325,000 1 Chapel Street
$2,388,000 1 Gardners Court #5
$3,000,000 95 Miacomet Avenue
$3,150,000 55 Tennessee Avenue
$3,164,165 29 Milk Street
$3,200,000 36 Cliff Road
$3,304,000 5 Doc Ryder Drive 
$4,150,000 84 Cliff Road
$4,300,000 8 Brant Point Road
$4,795,000 5 Coffin Street
$5,000,000 26 Okorwaw Avenue
$5,150,000 4 Delaney Road
$6,192,677 5 Black Fish Lane
$8,450,000 138 Miacomet Road
$10,800,000 28 Main Street
$10,950,000 1 James Street

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,