August 2014 Nantucket Real Estate Update

Embed Size (px)

Citation preview

  • 8/11/2019 August 2014 Nantucket Real Estate Update

    1/3

    The Nantucket Real Estate Report

    Number of residential properties sold mayhave been higher last August but there weremore accepted offers this August.

    August 2014

    !"#$%&'($ *"+ %#+("+,#"-./ &,,. 0# 1%2%+$ "#%& '()( *%+"#$ )("+ (%,",( -+&%*#.%/ 0&),1#",(+23 %144() )(%*$"#$ 5*%*,&)% (#6&2($ ,7(*) *%+"#$ ,*4( '*,7 %(5()"+ 91%*#)(:&),*#. *#-)("%($ ,)";*R ,& ( 912() PS*-74$ Q)(", T$ U(5(+&:4(#,R *# ":"->".($ $("+ ;&) CGN/VF3 B1.1%, KNME '&1+$ %,*++ ,)"*+ BKNMG 92 MM ,)"#%"-,*% PKH/JOR "#$ CJ/IF *# $&++") 5PMV/MOR *; ,7( Q+&'"->* ,)"#%"-,* '"% (W-+1$($/

    L7(# -&4:")($ ,& ,7( %"4( JN $"2 ,*4(8:()*&$ +"%, 2(")3,)"#%"-,*% ")( $&'# I/KVO "#$ $&++") 5&+14( *% $&'# EO 8 ,7

  • 8/11/2019 August 2014 Nantucket Real Estate Update

    2/3

    .

    ***@.((6(".(+$"$(@&,?

    !"##"$%&'()*L*,7 2(")8,&8$",( ,)"#%"-,*% 1: MV/DO &+"%, 2(") ", ,7*% ,*4( P$&'# ;)&4 X1+2@% K*#-)("%(R "#$ $&++") 5&+14( GEO 7*.7() P$&'# ;)&4 X1#(@% DG/EO "#$ X1+2@%

    *#-)("%(R3 ?"#,1->(, *% ,)"-> ;&) "#&,9"##() 2(") *# )("+ (%,",(/?&' ,7", 4&)( ,7"# " 7"+;89*++* $&++")%"+(% 7"5( ,">(# :+"-( ,7*% *'"2 ,7)&1.7 ,7( %"+(% :)&-(%%3 = "4 9(.*##*,& 9(+*(5( '( 4"2 "-,1"++2 "-7*(5( ,7( (+1%*5(!"#$$#%& (%$$)* +)*,- 92 2(")8(#$/?&, %*#-( KNNI 7"5( '( %((# ,7*% +(5(+$&++") 5&+14( &) %*#-( KNNE ,7*%:)&:(),2 %&+$ 2(")8,&8$",(/ L7(# 2&-%*$() ,7", KNNE "#$ KNNV '()( ,7( &2(")% )("+ (%,",( %"+(% (W-(($ CM 9*++*

    " )(4")>"9+( *4:)&5(4(#, 8 (%:(-*"++2 '7(#-&4:")($ ,& KNNJ@% CEEVF *# %"+(% '"% #(")+2 )("-7($ 92 X1+2 GM %, ,7*% 2(")R/L7*+( *#5(#,&)2 ", 4,78(#$ 4"2 9( D/VO7*.7() ,7"# *# X1+23 ,7()( ")( %,*++ DN ;:)&:(),*(% PMK/VOR T")>(, ,7"# ,7('()( " 2(") ".& ", ,7*% ,*4( PDG ;('())(%*$(#,*"+ :)&:(),*(%R/ B% 1%1"+3 '7*+(:)&:(),*(% 4"2 9( %(++*#.3 -(),"*# ")("% "$((, ",

    4,78(#$ 5()%1% GJE +*%,*#.% ", ,7( (#$ &; X1+2 PKMJ)(%*$(#,*"+R "#$ EHN PGJH )(%*$(#,*"+R ", ,7( (#$ &; B1.1%,KNMG/ _; ,7( HI :)&:(),*(% 9)&1.7, ,& 4")>(, *# B1.1%,3 MVPMI/KOR '()( :)(5*&1%+2 +*%,($ '*,7 " 4($*"# ,*4( T")>(, &;GEM $"2% /

    The Nantucket Real Estate Report

    YTD Dollar Volume & Number Of Properties Sold

    2 0 1 0

    2 0 1 1

    2 0 1 2

    2 0 1 3

    2 0 1 4

    Number of Sales $ Volume

    Land CommercialMulti-Family Condos & Co-opSingle-Family

    Number & Volume Of Properties Sold Last Month By Type

    http://www.leerealestate.com/http://www.leerealestate.com/http://www.leerealestate.com/http://www.leerealestate.com/
  • 8/11/2019 August 2014 Nantucket Real Estate Update

    3/3

    Land Parcels Selling Price

    % of FinalAskingPrice **

    % ofOriginalPrice **

    Lot size(sq. ft.)

    Price persq. ft.

    Days OnMarket

    3 Spearhead Road $225,000 N/A* N/A* 5,227 $43.04 N/A*

    10 Tomahawk Road $225,000 N/A* N/A* 5,227 $43.04 N/A*

    63 Bartlett Road $385,000 97.47% 73.33% 20,038 $19.21 257

    8 Marcus Way $925,000 92.96% 92.96% 199,505 $4.64 11

    4 Hickory Meadow Lane $1,767,500 95.54% 95.54% 87,120 $20.29 3

    9 North Road $2,001,000 93.07% 75.51% 53,579 $37.35 32310 Hickory Meadow Lane $2,250,000 N/A* N/A* 96,268 $23.37 N/A*

    9 Hinckley Lane $2,900,000 98.31% 98.31% 34,739 $83.48 0

    7 Hinckley Lane $3,950,000 100.00% 100.00% 85,378 $46.27 0

    11 Mill Hill Lane $6,400,000 92.75% 92.75% 116,305 $55.03 105Total Land Sales $21,028,500

    Average: $2,102,850 95.73% 89.77% 70,339 $37.57 100Median Of All Land Sales: $1,884,250 95.54% 92.96% 69,478 $40.20 11

    Residential Properties Selling Price

    % of FinalAskingPrice **

    % ofOriginalPrice **

    Priceper sq. ft

    (living area)Lot size(sq. ft.)

    Days OnMarket

    Living AreaSq. Ft. Beds Baths

    47 Nobadeer Farm Road # B $350,000 83.33% 83.33% $347.22 Condo 64 1,008 3 2.5

    47 Nobadeer Farm Road # A $350,000 83.33% 83.33% $347.22 Condo 64 1,008 3 2.5

    3A Sun Island Road # 1 $409,000 93.17% 93.17% $608.63 Condo 0 672 2 16B Park Circle $433,001 N/A* N/A* $333.08 Condo N/A* 1,300 3 2.5

    17 Woodland Drive $480,000 91.43% 91.43% $434.78 20,038 6 1,104 3 2

    4A Charter Street $500,000 N/A* N/A* unknown Condo N/A* unknown 2 1

    7 Trotters Lane $596,000 N/A* N/A* $575.85 11,326 N/A* 1,035 3 2

    13 Atlantic Avenue $625,000 83.33% 83.33% $492.13 5,227 260 1,270 3 2

    3 Williams Lane $670,000 99.26% 99.26% $879.27 5,227 6 762 1 1

    27 Meadow View Drive $675,000 N/A* N/A* $410.09 13,939 N/A* 1,646 3 3

    36 SURFSIDE ROAD $690,000 89.03% 89.03% $414.17 10,890 434 1,666 6 2

    49 West Chester (portion) $715,000 95.33% 95.33% $990.30 4,487 217 722 1 1

    14 West Sankaty Road $830,000 92.74% 92.74% $800.39 4,792 35 1,037 3 1

    7 Madaket Road $860,000 N/A* N/A* $403.38 7,405 46 2,132 4 3.5

    26 Daffodil Lane # B $965,000 96.98% 96.98% $365.39 11,526 246 2,641 4 3.5

    3 Sandpiper Way $985,000 89.95% 89.95% $653.62 76,230 42 1,507 3 2

    48 Union Street $1,020,000 85.00% 85.00% $453.94 5,663 93 2,247 5 2

    47 Boulevarde $1,061,046 N/A* N/A* $296.55 56,628 N/A* 3,578 4 3

    8 Derrymore Road $1,075,000 97.73% 97.73% $625.00 3,964 17 1,720 4 1.5

    4 North Beach Street $1,200,000 N/A* N/A* $750.00 7,841 332 1,600 5 5

    24 Flintlock Road $1,360,000 90.97% 90.97% $454.55 106,722 139 2,992 5 4.5

    1 Spring Street Lot #1 $1,400,000 N/A* N/A* $1,666.67 3,049 N/A* 840 0 0

    8 Gingy Lane $2,740,000 98.03% 98.03% $537.25 6,098 95 5,100 5 5.5

    60 Cliff Road $3,337,500 95.49% 76.72% $939.61 12,841 628 3,552 6 4.5

    11 Mattapoisett Avenue # $3,750,000 N/A* N/A* $1,317.64 19,602 N/A* 2,846 5 5

    3 Wingspread Lane $4,600,000 92.46% 92.46% $693.71 132,422 362 6,631 4 3.5

    5 North Liberty $5,395,000 100.00% 100.00% $1,254.65 15,682 5 4,300 5 5.5

    201 Eel Point Road $5,800,000 89.30% 89.30% $2,471.24 60,984 82 2,347 5 2.5

    Total Residential Sales $42,871,547

    Average: $1,531,127 91.94% 90.95% $722.83 26,199 151 2,121 4 3Median Of All Residential Sales: $912,500 92.46% 91.43% $575.85 11,326 82 1,646 3.5 2.5

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

    Properties Sold In August 2014(excluding foreclosures)