“The Nantucket real estate market saw a solid uptick in activity during March. Thanks to six transactions above $5 million, monthly dollar volume rose to nearly $84 million compared to the $14 million we reported in February. This brought first quarter figures to 45 transactions totaling $162 million, a respective decline of 47 percent (#) and 40 percent ($) from 1Q22.

March sales were led by an $8 million speculative home sale in Surfside. There were also a handful of vacant land sales, including two abutting lots off of Pilgrim Road that sold for $7.75 million.

New purchase activity was nearly identical to February with 15 new contracts, including at least two that we know had multiple bids. In fact, a handful of the properties listed in Town over the last few months have had multiple bidders, signs that low inventory is still the predominant driver of reduced transaction activity.

New listings also perked up with 25 newly listed properties, a hopeful sign for our spring market that should lead to increased sales activity as we head into the second quarter

We’ll dive into more details in our full March report…” Jennifer Shalley Allen

New to Market
$650,000 7 Bluet Court
$885,000 22 Tashama Lane
$1,595,000 1 Lowell Place
$1,595,000 4A Witherspoon Drive
$1,995,000 1 Windsor Road
$1,995,000 22 Hawthorne Lane
$2,250,000 91 Goldfinch Drive
$2,250,000 118 Orange Street B & D
$2,395,000 5 Sparrow Drive
$2,495,000 1 Sheep Commons Lane
$2,650,000 4 Huntington Street
$2,695,000 3 Lowell Place
$2,895,000 41 Fair Street
$3,195,000 3 Franklin Street
$3,995,000 15 Lauretta Lane
$4,450,000 28 Pleasant Street
$5,275,000 14 Delaney Road
$5,375,000 10 Doc Ryder Drive
$5,499,000 1 Chadwick Court
$5,975,000 4B Hawthorne Lane
$6,000,000 25 Ellens Way
$6,495,000 89 Easton Street
$10,250,000 6 Deacons Way
$11,950,000 35 Burnell Street
$15,000,000 26 Rabbit Run Road

Under Agreement
$675,000 3 Aster Court (Lot 46)
$885,000 22 Tashama Lane
$1,049,000 5 Bank Street
$1,990,000 26 Killdeer Lane
$2,495,000 1 Sheep Commons Lane
$2,895,000 41 Fair Street
$2,950,000 4B Back Street
$3,195,000 3 Franklin Street
$3,390,000 115 Washington Street A
$4,250,000 25 North Water Street
$4,495,000 16 Cannonbury Lane
$5,399,000 12 Ellens Way
$5,950,000 12 Galen Avenue
$6,000,000 25 Ellens Way
$6,495,000 9A Pilgrim Road

Price Adjustments
$1,895,000 23 Honeysuckle Drive
$2,295,000 14 Flintlock Road
$2,995,000 156 Madaket Road
$3,200,000 8 Red Mill Lane
$3,495,000 25B Washington Street
$4,095,000 3 & 3R Lyon Street
$14,250,000 41A Cliff Road
$29,750,000 25 Nonantum Avenue

Sold Listings
$1,450,000 37 Chuck Hollow Road
$1,600,000 1 Meader Street
$1,900,000 8 York Street
$1,950,000 76 Orange Street
$1,995,000 13 Daffodil Lane A
$2,005,000 9 Doc Ryder Drive
$2,060,000 7 Parker Lane
$2,470,000 1 Sheep Commons Lane
$2,700,000 60 Hooper Farm Road A & B
$3,200,000 5 Macys Lane A
$3,685,000 2 Seven Mile Lane
$4,000,000 42 Somerset Lane
$4,425,000 16 Cannonbury Lane
$4,600,000 55 Nobadeer Avenue (portion)
$4,900,000 16 Willard Street
$5,725,000 4A Wamasquid Place
$6,000,000 25 Ellens Way
$6,000,000 5 Wauwinet Road
$7,275,000 31 Sankaty Road
$7,750,000 4 Sophies Way, 21 Pilgrim Road
$8,000,000 142 Surfside Road