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Nantucket Monthly Market Snapshot, March 2024

Stories

Market Insights

Jen Shalley Allen
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March Market Snapshot

“If you’ve spent any time in New England this winter, you know that the weather in March was anything but inviting. Whether we can blame the heavy rain, high winds and canceled ferries or not, it’s not particularly surprising to see that March sales volume was down 60 percent from this time last year. That correlates with the reduced activity we saw in new contracts. Blended first quarter figures show transaction activity through the first three months of the year ended down only seven percent while dollar volume was up 13 percent (thanks to high-end sales in January). With inventory steadily rising, will the blooming daffodils and longer days encourage buyers to spring into action such that the second quarter will be more vibrant? We’ll have to see and will certainly be keeping a close eye on inventory levels and new contracts as we head into April… ” Jennifer Shalley Allen

New Listings
$1,275,000 55 Fairgrounds Road (portion of)
$1,695,000 11 Newtown Road
$1,895,000 21 Woodland Drive
$1,895,000 8 Luff Road
$2,149,000 12 New Street
$2,350,000 6 Towaddy Lane
$2,495,000 39 Sheep Pond Road
$2,495,000 27 Rugged Road
$2,599,000 7 Falcon Court
$2,695,000 1A Lily Street
$2,750,000 25 North Pasture Lane
$2,995,000 33 West Chester Street
$3,200,000 63 Tom Nevers Road
$3,600,000 15 Fawn Lane
$3,750,000 16 Quaker Road
$3,795,000 32 Sankaty Road
$3,895,000 2 Blazing Star Road
$4,500,000 3 & 3B Wyers Way
$4,895,000 7A New Lane
$5,895,000 10A Gray Avenue
$5,995,000 10 York Street
$6,395,000 10 Lincoln Street
$8,395,000 1 Shawkemo Hills Lane
$9,849,000 84 Cliff Road
$10,995,000 7 Pilgrim Road
$15,250,000 14 Nonantum Avenue

Under Agreement
$995,000 1A Park Circle
$1,590,000 19 Cynthia Lane
$1,895,000 8 Luff Road
$1,975,000 8 Indigo Drive
$1,995,000 8 Essex Road
$2,350,000 6 Towaddy Lane
$3,200,000 45 West Chester Street
$3,995,000 21 Pine Street
$4,750,000 8 New Mill Street
$25,000,000 72 Main Street

Price Changes
$725,000 25 Beach Grass Road
$950,000 65A Surfside Road
$4,300,000 24 Fair Street
$5,845,000 104 Baxter Road
$6,995,000 118 Eel Point Road
$12,125,000 14 North Pasture Lane

Sold Listings
$2,250,000 4 York Street
$2,350,000 6 Kelley Road
$2,369,000 4 Indigo Drive
$2,950,000 85 Somerset Road
$3,095,000 16 Derrymore Road
$3,995,000 21 Pine Street
$4,750,000 8 New Mill Street
$8,500,000 8 Austin Farm Drive

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,