NANTUCKET REAL ESTATE Market Insights BY JEN ALLEN MONTHLY SALES HIGHLIGHTS
LOWEST RESIDENTIAL SALE
HIGHEST RESIDENTIAL SALE
$14,500,000
$749,272
$12,375,000
16 MARY ANN DRIVE PRIVATE SALE
FISHER’S
2, 4, 6 HIGHLAND AVENUE MARKETED FOR [25 Days]
KEY MARKET STATISTICS
REVIEW
ALL PROPERTY TYPES
FY 2022
Transactions Dollar Volume ($ in 000s)
FY 2021
% CHANGE YOY
5-YEAR AVG.
295
509
-42% f
346
$1,060,556
$1,459,174
-27% f
$967,247
2.6
4.4
-41% f
5.4
1d
95%
Avg. Months on Market Sale Price to Last Ask Price
97%
96%
Active Listings (Sept)
154
152
1% d
309
Months Supply of Inventory
3.6
2.3
57% d
9.3
New Contracts (Sept)
43
61
-30% f
65
NANTUCKET REAL ESTATE ACTIVITY THROUGH SEPTEMBER 2011–22
# of Transactions
Dollar Volume
SEPT 22
23 & 25 PILGRIM ROAD MARKETED FOR [21 Days]
After two years of record-setting sales volume, 2022 has settled into a pace that is not as fiery as what we saw in 2020-2021 but is healthily above pre-pandemic figures. September 2022 activity included 43 transactions totaling $194 million, bringing third quarter totals to 88 transactions measuring $368 million. While this is a respective decline of 48 percent and 36 percent from third quarter activity one year ago, it surpasses every previous third quarter in island history from a dollar volume perspective. In a continued low-inventory environment, unit sales were down dramatically while dollar volume remained robust. Limited supply also kept a lid on new contracts but an increase in price reduction activity showed that values may not continue their steep upward trajectory in the same way we witnessed the last two years. Here are Fisher’s September Market Insights…
HIGHEST LAND SALE
Dollar Volume per Quarter
Q1
Q2
Q3
# of Transactions
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