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Nantucket Monthly Market Update, May 2022

Stories

Market Insights

Jen Shalley Allen
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“After a significant bump in monthly sales activity during April, May sales moderated back to levels witnessed in the first quarter of 2022.  Initial sales data showed 35 transactions totaling $108 million, down significantly from last month — where we saw tremendous high-end activity — but just slightly lower than one year ago.  Year to date figures totaled $576 million, 20 percent lower than during this time in 2021.  While monthly inventory continued to tick up, it remained historically low with just 113 properties on the market by month’s end.  New contract activity was consistent with April and pre-pandemic levels.  More to come in our full monthly report. ” Jennifer Shalley Allen

New Listings
$795,000 3 Buck Hollow Way
$795,000 2 Buck Hollow Way
$1,175,000 8B Witherspoon Drive
$1,250,000 83 Baxter Road
$1,295,000 332 Madaket Road
$1,600,000 8 Cedar Circle
$1,695,000 15 Pine Grove Lane
$1,700,000 141 Orange Street
$1,849,000 14 Surfside Drive
$1,895,000 6 Pine Tree Road
$2,195,000 23 Kittiwake Lane
$2,195,000 24 Washaman Avenue
$2,495,000 29 Tashama Lane
$2,495,000 1 Chapel Street
$2,500,000 18 Williams Street
$2,525,000 6 Todd Circle
$2,795,000 59 Wauwinet Road
$2,850,000 2 The Grove
$2,895,000 9 Sandsbury Road
$2,995,000 63 Fairgrounds Road
$3,000,000 13 Millbrook Road
$3,195,000 8 Swain Street
$3,250,000 15A Meader Street
$3,250,000 61 Fairgrounds Road
$3,395,000 11 Weymouth Street
$3,395,000 15 Parker Lane
$3,550,000 15D Meader Street
$3,790,000 7 Farmer Street
$3,995,000 19 Liberty Street
$3,995,000 156 Madaket Road
$4,100,000 19 Sherburne Turnpike, lot A
$4,350,000 8 Brant Point Road
$4,695,000 100 Baxter Road
$4,990,000 16 Sconset Avenue
$4,995,000 21 Milk Street 
$5,375,000 38 North Mill Street
$5,495,000 64 Sankaty Road
$5,995,000 19 Osprey Way 
$6,075,000 75 Squam Road
$6,595,000 2 Highland Avenue
$6,625,000 50 Walsh Street
$7,395,000 6 Highland Avenue
$7,500,000 5 Wauwinet Road
$8,495,000 23 Brewster Road
$9,500,000 87 Cliff Road
$10,800,000 28 Main Street
$11,500,000 1 James Street
$12,900,000 17 Monomoy Road
$12,995,000 113 Cliff Road
$13,495,000 2,4,6 Highland Avenue
$14,250,000 28 Medouie Creek Road
$21,500,000 4, 5, 6 Harborview Dr/44 Brewster Rd
$26,500,000 5 Grant Avenue
$39,000,000 41 Jefferson Avenue
   
Under Agreement
$1,250,000 83 Baxter Road
$1,400,000 8B Daffodil Lane
$1,595,000 15 Netowa Lane
$1,700,000 141 Orange Street
$1,995,000 13 Bartlett Road
$2,195,000 23 Kittiwake Lane
$2,195,000 24 Washaman Avenue
$2,195,000 23 Kittiwake Lane
$2,295,000 2 Cynthia Lane
$2,495,000 1 Chapel Street
$2,495,000 4 Cabot Lane
$2,795,000 59 Wauwinet Road
$3,250,000 5 Doc Ryder Drive 
$3,250,000 29 Milk Street
$3,295,000 19 West Chester Street
$3,695,000 9 Cachalot Lane
$4,100,000 19 Sherburne Turnpike, lot A
$4,250,000 25 Willard Street
$4,350,000 8 Brant Point Road
$4,795,000 5 Coffin Street
$5,295,000 4 Delaney Road
$6,249,000 19 Broad Street
$8,495,000 23 Brewster Road
$9,500,000 87 Cliff Road
$10,800,000 28 Main Street
$11,500,000 1 James Street
$14,795,000 23 & 25 Pilgrim Road
   
Price Changes
$899,000 39 South Cambridge Street
$1,175,000 8B Witherspoon Drive
$1,395,000 17A Bartlett Road
$1,400,000 8B Daffodil Lane
$2,300,000 36 Goldfinch Drive
$2,600,000 17 Orange Street
$2,750,000 22 Hawthorne Lane
$3,495,000 6 Whitetail Circle 
$3,995,000 14 Tripp Drive
$4,495,000 52 Burnell Street/Olivers Way
$4,695,000 2 Silver Street
$4,795,000 5 Coffin Street
$4,850,000 56R Madequecham Valley Road
$5,495,000 64 Sankaty Road
$7,295,000 21 Milk Street 
$7,595,000 62 and 64 Sankaty Road
$9,295,000 46 Madequecham Valley Road
$9,950,000 16 Cathcart Road
$9,995,000 104 Baxter Road
   
Sold Listings  
$425,000 30B Evergreen Way
$825,000 40 1/2 Essex Road
$901,000 9 Bayberry Lane (Portion of)
$1,160,000 8A Pine Tree Road
$1,428,880 Lot 9 Maple Lane
$1,500,000 4 Gingy Lane
$1,570,000 Lot 8 Maple Lane
$1,620,000 15 Netowa Lane
$1,625,000 7 Point Judith Lane
$1,625,000 Lot 4 Maple Lane
$1,695,000 49 Union Street
$1,700,000 141 Orange Street
$1,745,000 5 Surfside Road
$1,770,000 27 Tashama Lane
$1,875,000 0 Esthers Island
$1,900,000 102 Old South Road
$2,195,000 3 Rudder Lane
$2,258,000 6 Spinnaker Circle
$2,425,000 5 North Beach Street
$2,475,000 79 Polpis Road
$2,595,000 42 Ridge Lane
$2,675,000 59 Wauwinet Road
$2,700,000 1 Sparks Avenue
$2,897,500 22 York Street
$3,000,000 9 Thirty Acres Lane
$3,100,000 2 Nautilus Lane
$3,500,000 9 Cachalot Lane
$4,100,000 19 Sherburne Turnpike, lot A
$4,895,000 2 Farmer Street
$5,200,000 2, 4, 6 Mariner Way
$5,250,000 7 Lauretta Lane
$5,395,540 19 Broad Street
$5,500,000 6 South Shore Road
$6,750,000 39 Monomoy Road
$17,600,000 41 Hulbert Avenue

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,