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Nantucket Monthly Market Update, April 2020

Stories

Market Insights

Jen Shalley Allen
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April sales activity included 21 transactions totaling $43.3 million, a decline of 19 percent and 42 percent respectively from April 2019.  Most of these transactions were under contract prior to mid-March.  Monthly contract activity was more severely impacted by recent events with six new contracts booked during the 30-day period.  This compares to 35 contracts one year ago.  The number of new listings that came to market was relatively unchanged.  There were 23 new listings in April 2020 as compared to 25 listings one year ago.  Nantucket property inventory typically reaches its peak in June & July so we anticipate there may be a divergence from historic trends in the next couple of months.  Stay tuned for our full market report in the next few weeks… 

New Listings
$495,000 39 Union Street
$799,000 7B Park Circle
$799,000 38 Monohansett Road
$895,000 11 Upper Tawpawshaw Road
$925,000 76 Pleasant Street
$1,149,000 7 Bank Street
$1,325,000 15 Longwood Drive
$2,000,000 2 Fisher Lane
$2,395,000 1 Bloom Street
$2,699,000 20 Coffin Street
$2,995,000 343 Polpis Road
$3,495,000 26 Pine Street
$3,495,000 110 Surfside Road
$4,095,000 56 Walsh Street
$4,100,000 5 Milk Street
$4,595,000 85 Millbrook Road
$5,100,000 36 West Chester Street
$5,950,000 5 Barnabas Lane
$6,464,000 1 Barnabas Lane
$6,950,000 56 Squam Road
$14,100,000 30 & 30 A Orange Street
   
Under Agreement
$1,475,000 24 Lincoln Street
$2,585,000 42.5 Union Street
$3,295,000 13 Quidnet Road
$3,695,000 2 Kite Hill Lane
   
Price Changes
$850,000 46 Skyline Drive
$1,350,000 38 Youngs Way
$2,990,000 8 Crestwood Circle
$5,950,000 9 Old Westmoor Farm Road
   
Return to Market
$995,000 14 Still Dock #5
$1,350,000 38 Youngs Way
$2,295,000 7 Tetawkimmo Drive
$3,020,000 7 & 9 Tetawkimmo Drive
$3,250,000 3 Fulling Mill Road
$6,995,000 179 Eel Point Road
$13,950,000 100  & 100R Wauwinet Road
   
Sold Properties
$260,000 3 Friendship Lane
$285,000 17 Greglen Avenue Lot 984
$337,450 1 Sandplain Drive
$432,500 37 South Cambridge Street
$475,000 28 Arkansas Avenue
$525,000 21 South Cambridge Street
$700,000 24 Bartlett Farm Road
$912,500 113 Pleasant Street
$1,325,000 37 Washaman Avenue
$1,695,750 6 Wood Lily Road
$1,840,000 50 Weweeder Road
$1,915,000 6 Whitetail Circle
$2,162,500 11 Davis Lane
$2,300,000 39 Milk Street
$2,397,500 8 Isobels Way
$2,850,000 30 Morey Lane
$3,300,000 76 North Liberty Street
$3,500,000 33 Okorwaw Avenue
$4,150,000 26 West Chester Street
$5,000,000 16 Winn Street
$7,100,000 66 Walsh Street

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,