8/13/2019 Nantucket Real Estate Market Update - January 2014

1/3Data source: LINK Nantucket, Nantucket Listing Service

TheNantucket Real Estate Report

More closings and accepted offers

than experienced last January.

January 2014

NumberOfPropertiesSold

All they wanted for Christmas was a Nantucke

home and in January thirty-one happy shoppers got their wish ansix more purchased land to build theirs on. While January had 13%fewer transactions and 14% lower dollar volume than Decembe2013, the months 225% increase in transactions and 125% increase idollar volume, over January 2013s real estate activity, was a greaway to start the new year.

39 closings, 15 accepted offers and 11 price adjustments resulted imore than $62.5M in real estate changing hands in January. Anothe$34M placed under agreement and $24M receiving accepteoffers...made January 2014 the busiest January since 2008 when 3sales resulted in more than $69M in volume.

While December 2012s sales frenzy dramatically impacted Q1 201results, January sales activity from 2008 through 2013 has average

only 15.6 sales and $20.3M in volume causing most to believe might not be the best time to buy or sell property on Nantucket. Lamonths dramatic increase in sales, good number of offers anproperties moving into agreement were not only welcome, but a sigthat the best after-Christmas sales dont necessarily happen in malls.

Dollar Volume and Number of Properties Sold By Month

(compared to previous year)

Even January s 3X sales and 2X dollarvolume (compared to 2013) cant

overcome December 2012s im act.

45% of transactions were under $1M.

At A Glance...

Properties

Sold $ Volume Sold

Properties

Sold $ Volume Sold

# Properties

Sold $ Volume Sold

Land 6 $6,465,996 2 $1,000,000 200.00% 546.60%

Commercial 2 $11,330,000 0 $0 0.00% 0.00%

Multi-Family 0 $0 0 $0 0.00% 0.00%

Condos & Co-op 3 $1,704,999 2 $1,172,500 50.00% 45.42%

Single-Family 28 $43,036,308 8 $25,597,000 250.00% 68.13%

39 $62,537,303 12 $27,769,500 225.00% 125.20%

20132014 % Of Change From Last Year

January 2 14 Activity Compared to January 2 13 Activity

8/13/2019 Nantucket Real Estate Market Update - January 2014

2/3

TheNantucket Real Estate Report

LEE REAL ESTATE A higher level of service 58 Main Street

Nantucket, MA 02554Telephone: 508.325.5800 | Fax: 508.228.612

www.leerealestate.com

Residential Sales:

!"#$"%&'( *+ %,(-.,#/-"0 ("0,( 1"& 2"3, 4,,# (0-52/0& 067,% /2"#/2, *8 (60. -# 9,:,14,% 4$/ /6/"0,. " (-5#-;-:"#/ =? .,:0-#,

-# /6/"0 .600"% 360$1,> @67,3,%A 7-/26$/ B+=C C6#616& ("0, -#9,:,14,%A /2, .,:0-#, 7"( 0,(( /2"# >*?> D6#.6 "#. D6E6F ("0,(A72-:2 1"., $F G>H? 6I %,(-.,#/-"0 :06(-#5(A -#:2,. $F 63,%9,:,14,% /6 *>=? 6I .600"% 360$1,> J( (,,# /2%6$526$/ 16(/ 6I*C> S2-0, /2,B+K>HC U0$, @-00( U"#L F$%:2"(, 6I /2%,, 06:"/-6#( 5%,"/0&-1F":/,. 0"(/ 16#/2'( 63,%"00 %,($0/(A !"#$"%& 76$0. 2"3, (/-002"3, 4,,# /2, 4$(-,(/ (-#:,

Availability:

V# !"#$"%& *+.0A /2,%, 7,%, *+< 0-(/-#5( 6#E1"%L,/A VI /2, *= F%6F,%/-,( 4%6$52/ /6

1"%L,/ -# !"#$"%&A H? PG 0-(/-#5(Q 7,%, F%,3-6$( 0-(/-#5(4%6$52/ 4":L 6#E1"%L,/ "3,%"5-#5

!"##"$%&'()*

J( #6/,. ,"%0-,%A /2-%/&E,-52/ F%6F,%/

7,%, 4%6$52/ /6 1"%L,/ -# !"#$"%&A #-6I 72-:2 7,%, F%,3-6$(0& 0-(/,. I6% ("X#/,%,(/-#50& /26$52A -( /2"/ (-R 6I /2,Y#,7 0-(/-#5(Z 7,%, F%6F,%/-,( F$%:2"(7-/2-# /2, 0"(/ * &,"%( "#. #67 4,-6II,%,. I6% ("0, "5"-# P-# "..-/-6# /6 /2F%6F,%/-,( F%,3-6$(0& 0-(/,.Q> X# 6/276%.(A " I,7 ($"3, 67#,%( 4,0-,3, #1-52/ " 566. /-1, /6 /"L, (61, F%6;-/>

X# /2, 0"(/ &,"%A %,(-.,#/-"0 F%6F,F%-:,( "3,%"5,. M>H? 0,(( /2"# /2, &,4,I6%, 72-0, 0"#. F%-:,( 7,%, =>G067,%> S-/2 "3,%"5, F%-:,( 067,% /2/2, &,"% 4,I6%,A -/ -(#'/ ($%F%-(-#5 /2"/ /#$14,% 6I 0"#. /%"#(":/-6#( 7,%, 63,% G"#. /%"#(":/-6#( 7,%, $F *>G?>

S-/2 F%-:,( %,0"/-3,0& 067A #67 -( (/-0566. /-1, /6 /2-#L "46$/ 4$&-#5> S

":/-3-/& $FA -/ -( "0(6 " 566. /-1, /6 /2-"46$/ (,00-#5>

!"# !%#&

http://www.leerealestate.com/http://www.leerealestate.com/http://www.leerealestate.com/

8/13/2019 Nantucket Real Estate Market Update - January 2014

3/3

Land Parcels Selling Price

% of Final

Asking

Price**

% of

Original

Price**

Lot size

(sq. ft.)

Price per

sq. ft.

Days On

Market

10 Rosemary Way $350,000 83.53% 74.63% 12,632 $27.71 154

16 Marble Way $375,000 *N/A *N/A 10,019 $37.43 *N/A

20 Miacomet Road # $466,000 *N/A *N/A 87,120 $5.35 *N/A

21 Golfview Drive $625,000 96.15% 96.15% 18,731 $33.37 57

5 Pilgrim Road $2,050,000 *N/A *N/A 21,780 $94.12 *N/A

13 Black Fish Lane $2,600,000 *N/A *N/A 20,038 $129.76 *N/A

Total Land Sales $6,466,000

Average: $1,077,667 89.8% 85.4% 28,387 $54.62 106

Median Of All Land Sales: $545,500 89.8% 85.4% 19,384 $35.40 105.5

Commercial Properties Selling Price

% of Final

Asking

Price**

% of

Original

Price**

Price

per sq. ft

(space)

Space

(sq. ft.)

Days On

Market

35F Old South Road $600,000 *N/A *N/A $406.50 1,476 *N/A

100 Pleasant Street (multiple addresse $10,730,000 *N/A *N/A $629.40 17,048 *N/A

Total Commercial Sales $11,330,000

Average: $5,665,000 *N/A *N/A *N/A 9,262 *N/A

Residential Properties Selling Price

% of Final

Asking

Price**

% of

Original

Price**

Price

per sq. ft

(living area)

Lot size

(sq. ft.)

Days On

Market

Living Area

Sq. Ft. Beds Baths

87B Hinsdale Road $380,000 100.00% 100.00% $339.29 Condo 23 1,120 2 1

23 Woodland Drive $490,000 98.99% 98.99% $407.65 23,958 10 1,202 3 1

4 Daley Court $530,000 92.17% 92.17% $479.64 10,890 124 1,105 2 1

11 Teasdale Circle # B $550,000 101.85% 101.85% $184.25 Condo 714 2,985 2 3.5

9 Polliwog Pond Road $615,000 92.48% 88.49% $509.95 11,761 105 1,206 3 2

6 Pine Tree Road $665,000 98.52% 95.68% $407.48 8,276 255 1,632 3 2.5

35 Exeter Street $675,000 97.12% 97.12% $473.35 20,038 63 1,426 2 1

33 Millbrook Road $725,000 96.67% 96.67% $503.47 20,038 2 1,440 3 1

76 Center Street # A $775,000 91.72% 86.59% $986.01 Condo 126 786 1 1

22 Exeter Street $797,500 96.20% 96.20% $607.85 20,038 21 1,312 2 2

6 Killdeer Lane $844,500 96.08% 94.36% $393.52 5,227 190 2,146 4 3.5

64 South Shore Road $877,000 100.23% 100.23% $835.24 80,150 4 1,050 1 2

58A Pochick Avenue $887,500 68.53% 68.53% $668.30 40,075 388 1,328 2 2

12 Midland Avenue $960,000 80.33% 80.33% $1,052.63 44,867 55 912 2 1

31 Somerset Lane $1,150,000 88.80% 88.80% $587.33 95,348 144 1,958 4 3

6 West York Lane $1,194,803 92.26% 92.26% $791.26 4,792 21 1,510 3 210 Long Pond Drive $1,200,000 92.66% 86.64% $527.01 57,935 159 2,277 5 3.5

5 Pilgrim Road $1,200,000 N/A* N/A* $779.73 5,227 N/A* 1,539 4 2

3 Delaney Road $1,290,000 99.61% 99.61% $1,146.67 8,451 22 1,125 3 1.5

33 Crooked Lane $1,375,000 91.97% 91.97% $962.89 40,075 111 1,428 3 2

19 Bank Street $1,475,000 89.39% 89.39% $1,060.39 3,485 118 1,391 4 2.5

52 Madequecham Valley Road $1,675,000 90.54% 90.54% $858.09 60,113 527 1,952 4 3.5

21 Pequot Street $1,750,000 97.49% 97.49% $893.77 23,958 21 1,958 3 2.5

5 Tetawkimmo Drive $1,790,000 99.50% 99.50% $423.77 20,038 294 4,224 4 4.5

34 Monomoy Road $1,900,000 95.24% 86.56% $519.84 12,327 118 3,655 2 2

44 Liberty Street $2,025,000 101.50% 84.55% $1,043.28 18,731 146 1,941 4 4.5

13A&B Kimberly Way $2,100,000 91.50% 91.50% $646.95 11,970 427 3,246 9 10.5

64 Pochick Avenue $2,295,000 95.82% 95.82% $652.73 47,916 62 3,516 4 4.5

27 Hinckley Lane # 2 $2,550,000 90.27% 90.27% $1,529.69 8,999 93 1,667 3 2

24 Sankaty Head Road $4,900,000 83.05% 70.05% $1,094.24 191,664 503 4,478 6 5.5

9 Pleasant Street $5,100,000 88.70% 88.70% $1,360.00 12,197 450 3,750 6 5.5

Total Residential Sales $44,741,303

Average: $1,443,268 91.7% 91.4% $733.11 32,448 177 1,976 3 3

Median Of All Residential Sales: $1,194,803 94.0% 92.1% $652.73 20,038 118 1,539 3 2

N/A* - Not Sold Through A Real Estate Firm

** Excludes Properties Not Sold Through A Real Estate Firm

Properties Sold In January 2014(excluding foreclosures)