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Nantucket Monthly Market Update, October 2022

Stories

Market Insights

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“The fourth quarter of 2022 is off to a robust start with $201 million in total October sales through 47 transactions.  This marked an effective tie for the highest monthly dollar volume of the year (similar to April sales) and a very solid performance compared to similar monthly periods prior to the 2020 & 2021 timeframe.  

Monthly sales were led by the waterfront sale of 63 & 63.5 Hulbert Avenue for $33 million, which represented the second highest sale of the year thus far and a record price for a Hulbert Avenue property.

New purchase activity saw its first notable slowdown with just 28 contracts compared to 43 in September. New property inventory also declined quite substantially from previous months, as did price reduction activity.  We’ll dive into more details in our full October report…” Jennifer Shalley Allen

New Listings  
$529,000 9 Arlington Street
$699,000 56 Arkansas Avenue
$1,925,000 12 Pine Tree Road
$1,995,000 34A Grove Lane
$2,095,000 2A Cabot Lane
$2,200,000 1 Toombs Court portion of Lot 2
$2,250,000 32 Bartlett Road
$2,395,000 29 Sesapana Road
$3,900,000 126R Main Street
$4,395,000 18 Eat Fire Spring Road
$5,100,000 16 Willard Street
$5,450,000 33 Vestal Street
$5,995,000 12 Somerset Lane
$5,995,000 23 Sankaty Head Road
$7,995,000 8 Highland Avenue
$8,000,000 79 Polpis Road
$13,495,000 7 Pilgrim Road
$35,850,000 41 Jefferson Avenue
   
Under Agreement  
$895,000 23 West Chester Street #1
$1,425,000 8 & 3 Maine Avenue
$1,575,000 5 Evergreen Way
$1,595,000 16 Quaker Road
$1,625,000 2 Paupamo Way
$1,695,000 22 Vestal Street
$1,750,000 34 Essex Road
$1,799,000 11 Roberts Lane
$1,850,000 13 Bartlett Road
$1,995,000 4 Westerwick Drive
$1,995,000 3 Enterprise Circle
$1,995,000 1 Beaver Street
$1,995,000 29 Tashama Lane
$2,195,000 22 Sheep Pond Road
$2,295,000 1R Old North Wharf
$2,595,000 13 Arkansas Avenue
$2,750,000 60 Hooper Farm Road A & B
$2,795,000 51 Union Street
$2,995,000 11 Mizzenmast Road
$3,200,000 22 Vestal Street and 16 Quaker Road
$3,295,000 8 Austin Farm Drive
$4,295,000 2 Silver Street
$4,300,000 56R Madequecham Valley Road
$4,850,000 26 Pocomo Road
$5,195,000 14 Hussey Street
$5,495,000 75 Squam Road
$6,450,000 10B Delaney Road
$7,150,000 8 High Brush Path 
$7,250,000 5 Joy Street
$7,900,000 18 Mill Street
$8,000,000 79 Polpis Road
$10,495,000 6 Old Westmoor Farm Road
$10,995,000 5 Shawkemo Hills Lane
   
Price Changes  
$1,495,000 6 Beverly Court
$1,650,000 23 Honeysuckle Drive
$1,750,000 1 WheroWhero Lane
$2,375,000 7 Parker Lane
$2,600,000 8 Surfside Drive
$2,850,000 14 Silver Street
$3,095,000 16 Teasdale Circle
$3,150,000 156 Madaket Road
$3,295,000 8 Austin Farm Drive
$3,990,000 39 Monomoy Road
$4,050,000 18 Still Dock #6
$4,395,000 36 Sheep Pond Road
$4,500,000 16 Cannonbury Lane
$5,995,000 12 Somerset Lane
$6,295,000 88 and 65 Quidnet Road
$7,050,000 33 Baxter Road
$9,100,000 26 Monomoy Road 
$9,995,000 6 Deacons Way
   
Sold Listings  
$350,000 37 Massachusetts Ave #1
$860,000 3 Sun Island Road #4
$1,075,000 29 South Cambridge Street
$1,400,000 13 Surfside Drive A&B
$1,500,000 14 Correia Lane
$1,600,000 4 Field Avenue
$1,600,000 30 Dartmouth Street
$1,600,000 12 Mizzenmast Road
$1,600,000 8A Salros Road
$1,600,000 Lot 3 Maple Lane
$1,625,000 18 Beach Grass Road
$1,799,000 2 Falcon Court
$1,990,000 30 Washaman Avenue
$2,098,000 41 Goldfinch Drive
$2,100,000 134 Surfside Road
$2,150,000 4 Cabot Lane
$2,215,000 9 Pochick Street
$2,291,250 152 Main Street
$2,295,000 12 West York Lane
$2,300,000 17 Orange Street
$2,325,000 2 The Grove
$2,675,000 18 West Sankaty Road
$2,850,000 6 Whitetail Circle 
$3,145,000 10 Hydrangea Lane
$3,195,000 13 Willard Street C
$3,205,000 11 Mizzenmast Road
$3,600,000 35 Brewster Road
$3,695,000 15 Plum Street
$3,700,000 5 Davis Lane
$3,950,000 16 Gladlands Ave
$4,050,000 7A New Lane
$4,125,000 8 Gull Island Lane 
$4,170,000 2 Mayhew Lane
$4,895,000 15 Lily Street
$5,000,000 57 Washington Street
$5,550,000 50 Walsh Street
$5,875,000 41 West Miacomet Road
$6,000,000 156 Cliff Road
$6,300,000 7 Walsh Street
$6,450,000 111 Surfside Road
$6,700,000 20 West Chester Street
$7,000,000 244 Polpis Road
$7,500,000 10 Sheep Commons Lane
$8,000,000 7 Sherburne Turnpike Lot 6
$9,325,000 28 Orange Street
$10,450,000 113 Cliff Road
$33,000,000 63 & 63.5 Hulbert Avenue