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Nantucket Monthly Market Update, September 2022

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Market Insights

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“Monthly sales volume rebounded quite nicely in September with $189 million in total sales through 41 transactions.  This marked the second highest monthly dollar volume of the year and a very solid performance compared to similar historic periods, at least outside of the record-breaking 2020 & 2021 timeframe.  The island’s real estate transactions were highlighted by five transactions above $10 million and also included a number of vacant land transactions. New purchase activity saw continued momentum from August, though it was certainly shy of the robust number of new purchases we witnessed during the preceding two years. Perhaps surprisingly, given recent stock market volatility, price reductions declined from August while new listing inventory was also lighter.  Total inventory levels remained nearly identical to this time last year which is why the island real estate market really hasn’t seen much in the way of significant valuation adjustments.  Stay tuned for our full monthly 3Q report.” Jennifer Shalley Allen

New Listings
$675,000 3 Aster Court (Lot 46)
$1,255,000 11A Meadow Lane
$1,400,000 8B Lyon Street
$1,425,000 8 & 3 Maine Avenue
$1,550,000 12 Appleton Road
$1,575,000 5 Evergreen Way
$1,795,000 4 Field Avenue
$1,799,000 6C Folger Avenue
$1,895,000 43 Beach Grass Road
$1,995,000 4 Westerwick Drive
$2,100,000 30 Washaman Avenue
$2,195,000 7 West Chester Street
$2,195,000 8 York Street
$2,195,000 41 Goldfinch Drive
$2,675,000 18 West Sankaty Road
$2,700,000 19  Evergreen Way 
$2,750,000 60 Hooper Farm Road A & B
$2,850,000 4 Starbuck Court
$2,890,000 5 Cachalot Lane
$2,995,000 11 Mizzenmast Road
$3,350,000 16  Teasdale Circle
$3,495,000 5 Davis Lane
$4,490,000 39 Monomoy Road
$4,850,000 26 Pocomo Road
$5,950,000 12 Galen Avenue
$6,125,000 5 McKinley Avenue
$6,300,000 41 Monomoy Road
$7,150,000 8 High Brush Path 
$7,500,000 1 Chestnut Street
$7,750,000 26 Douglas Way 
$7,995,000 51W Weweeder Avenue
$8,650,000 84 Millbrook Road
$15,000,000 3 Wingspread Lane
$16,995,000 105 Low Beach Road
   
Under Agreement
$899,000 39 South Cambridge Street
$1,230,000 5 Coffin Road
$1,450,000 30 Dartmouth Street
$1,550,000 12 Appleton Road
$1,595,000 16 Quaker Road
$1,695,000 22 Vestal Street
$1,695,000 18 Beach Grass Road
$1,725,000 1 Paupamo Way
$1,749,000 14 Surfside Drive
$1,795,000 4 Field Avenue
$1,895,000 29 Longwood Drive
$2,100,000 30 Washaman Avenue
$2,150,000 9 Pochick Street
$2,150,000 18 Williams Street
$2,195,000 41 Goldfinch Drive
$2,295,000 1 Dovekie Court
$2,495,000 13 Academy Lane
$2,530,000 40 Pine Street
$2,595,000 13 Arkansas Avenue
$2,600,000 152 Main Street
$2,675,000 18 West Sankaty Road
$2,700,000 12 Pilgrim Road
$2,750,000 60 Hooper Farm Road A & B
$2,890,000 5 Cachalot Lane
$2,950,000 6  Whitetail Circle 
$2,995,000 11 Weymouth Street
$3,000,000 21 Milk Street Land
$3,195,000 13C Willard Street
$3,200,000 22 Vestal Street and 16 Quaker Road
$3,495,000 5 Davis Lane
$3,795,000 7 New Mill Street
$3,995,000 21 Milk Street
$4,150,000 16 Gladlands Ave
$4,250,000 12 Milk Street
$4,300,000 56R Madequecham Valley Road
$4,750,000 7 Golfview Drive
$5,250,000 32 Union Street
$6,295,000 50 Walsh Street
$7,495,000 81 Polpis Road
$8,950,000 24 Cliff Road
$11,250,000 60 Hulbert Avenue
$13,995,000 33 Nonantum Avenue
$22,500,000 5 Grant Avenue
   
Price Changes
$1,350,000 111B Old South Road
$1,595,000 6 Beverly Court
$1,625,000 2 Paupamo Way
$1,645,000 1 Lowell Place
$1,750,000 34 Essex Road
$1,995,000 3 Enterprise Circle
$1,995,000 29 Tashama Lane
$2,100,000 9 Orange Street
$2,195,000 22 Sheep Pond Road
$2,295,000 1 Sconset Avenue
$2,341,025 3 Indigo Drive
$2,341,025 6 Indigo Drive
$2,595,000 7 Parker Lane
$2,640,000 3 Lowell Place
$2,650,000 8 Surfside Drive
$2,800,000 163 Orange Street
$2,995,000 52 Burnell Street
$3,195,000 67 Milestone Road
$3,699,100 14 Tripp Drive
$3,950,000 25B Washington Street
$3,995,000 4 Hydrangea Lane
$4,295,000 7 Easy Street
$4,895,000 15 Monohansett Road
$4,999,000 82B Cliff Road
$6,995,000 21 Ellens Way 
$6,995,000 46 Madequecham Valley Road
$6,995,000 9A Pilgrim Road
$7,495,000 33 Baxter Road
$10,450,000 6 Deacons Way
$10,995,000 5 Shawkemo Hills Lane
$19,995,000 256 Polpis Road
$22,500,000 5 Grant Avenue
   
Sold Listings
$749,272 16 Mary Ann Drive
$775,000 3 Sandplain Drive
$800,000 7 Bayberry Lane
$1,366,000 5 Coffin Road
$1,650,000 36 Cannonbury Lane
$1,700,000 14 Surfside Drive
$1,795,000 14 Somerset Lane
$1,850,000 43 Beach Grass Road
$1,995,000 3 Rustys Way – House & Cottage
$1,995,000 8 Ipswich Street
$2,050,000 15 Autopscot Circle 
$2,100,000 23 Tashama Lane
$2,100,000 6 Todd Circle
$2,500,000 21 Pilgrim Road 
$2,525,000 66 Madaket Road
$2,645,000 7.5 Back Street
$2,650,000 33 Long Pond Drive
$2,837,500 11 Weymouth Street
$2,875,000 9 Woodbury Lane
$3,100,000 7 Lyons Lane
$3,400,000 7 Farmer Street
$3,495,000 5 East Lincoln Avenue
$3,500,000 39A Milk Street
$3,500,000 8 New Hummock Circle
$3,550,000 7 New Mill Street
$3,770,000 21 Orange Street
$3,800,000 62 Nobadeer Avenue
$4,000,000 4 Sophies Way (Portion of 21 Pilgrim Rd)
$4,000,000 9 Upper Tawpawshaw Road
$4,550,000 216 Cliff Road
$4,640,000 7 Golfview Drive
$5,995,000 19 Osprey Way 
$7,750,000 2 Horn Beam Road
$8,250,000 11A Meadow Lane
$8,820,000 8 Maxey Pond Road
$9,000,000 31 Pequot Street
$12,375,000 2,4,6 Highland Avenue
$12,900,000 17 Monomoy Road
$13,350,000 33 Nonantum Avenue
$14,250,000 2 Lincoln Avenue
$14,500,000 23 & 25 Pilgrim Road