Windwalker Week in Review – Nantucket Real Estate Recap Jan 27-Feb 3

4 Nantucket Properties Transferred:

  • Sales Totaled $6.08 million

    Lowest Priced Sale of the Week: 96 Goldfinch for $600,000

  • Highest Sale: 59 Quidnet Road for $2,425,000
  • Lowest Sale: 96 Goldfinch Drive for $600,000

3 Offers Were Accepted (Prices reflect most recent asking price):

  • Highest: 5B Step Lane – most recently listed for $1,195,000
  • Lowest: 37 Goldfinch – most recently listed for $649,000

8 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):

  • Highest: 18 Orange Street – was most recently listed for $6,195,000
  • Lowest:  15A Park Circle – most recently listed for $369,000

13 New Nantucket Properties Came to Market:

  • Total Dollar Value: $16.8 million
  • Highest Value: 10 Sunset Hill Lane $3,495,000

    New Listing: 10 Sunset Hill Lane for $3.495 million

  • Lowest Value: 3 Cherry Street $339,000

4 Price Reductions:

  • Largest Reduction: 20 North Beach Street – discounted 16  percent from original list price

Windwalker Week in Review: January 20-27th

5 Nantucket Properties Transferred:

  • Sales Totaled $6.3 million

    Highest Sale of the Week: 11 Front Street for $2.18 million

  • Highest Sale: 11 Front Street for $2,180,000
  • Lowest Sale: 47 Milk Street for $725,000

4 Offers Were Accepted (Prices reflect most recent asking price):

  • Highest: 27 West Sankaty Road – most recently listed for $799,000
  • Lowest: 11B Park Circle – most recently listed for $299,900

3 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):

  • Highest: 73 Main Street – was most recently listed for $2,995,000
  • Lowest:  47B Appleton Road – most recently listed for $549,000

9 New Nantucket Properties Came to Market:

  • Total Dollar Value: $9.2 million

    New to Market: 36 Evergreen Way for $445,000

  • Highest Value: 10 Candle House Lane $2,689,000
  • Lowest Value: 36 Evergreen Way $445,000

6 Price Reductions:

  • Largest Reduction: 20 Miacomet Road – discounted  23  percent from original list price

Windwalker Week in Review – January 13th-20th

2 Nantucket Properties Transferred:

  • Sales Totaled $3.06 million
  • Highest Sale: 10 Pine Street for $2,338,000
  • Lowest Sale: 2 L Street for $720,000

    Highest Sale of the Week: 10 Pine Street for $2.338 million

5 Offers Were Accepted (Prices reflect most recent asking price):

  • Highest: 73 Main Street – most recently listed for $2,995,000
  • Lowest: 39 South Cambridge – most recently listed for $349,000

2 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):

  • Highest: 20 Madaket Road – was most recently listed for $950,000
  • Lowest:  13 Warren Street – most recently listed for $695,000

6 New Nantucket Properties Came to Market:

  • Total Dollar Value: $5.13 million
  • Highest Value: 12 Okorwaw Avenue $2,395,000
  • Lowest Value: 61 Surfside Road $445,000

    New to Market: 61 Surfside Road for $445,000

6 Price Reductions:

  • Largest Reduction: 95 Orange Street #2 – discounted  32  percent from original list price

Windwalker Week in Review – January 6th-13th

7 Nantucket Properties Transferred:

  • Sales Totaled $7.1 million

    Highest Sale of the Week: 64 Sankaty Road for $2.3 million

  • Highest Sale: 64 Sankaty Road for $2,300,000
  • Lowest Sale: Portion of 69 Surfside for $225,000

3 Offers Were Accepted (Prices reflect most recent asking price):

  • Highest: 60 Cliff Road was most recently listed for $2,995,000
  • Lowest: 7 Swayzes Drivewas most recently listed for $995,000

3 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):

  • Highest: 68 Pocomo Road was most recently listed for $3,295,000
  • Lowest:  36 Flintlock was most recently listed for $545,000

13 New Nantucket Properties Came to Market:

  • Total Dollar Value: $26.5 million
  • Highest Value: 141 Main Street $8,875,000
  • Lowest Value: 11B Park Circle $299,900

7 Price Reductions:

  • Largest Reduction: 38 Young’s Way discounted  39  percent from original list price

Windwalker Week In Review – Nantucket Real Estate Recap 12/9/11-12/16/11

6 Nantucket Properties Transferred:

  • Sales Totaled $8,259,500
  • Highest Sale: 9 Old Westmoor Farm for $2,731,500
  • Lowest Sale: 25A Daffodil Lane for $570,000

Highest sale of the week: 9 Old Westmoor Farm

4 Offers Were Accepted (Prices reflect most recent asking price):

  • Highest: 11 Blackfish Lane was most recently listed for $2,795,000
  • Lowest: 93 Goldfinch was most recently listed for $535,000

5 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):

  • Highest: 260 & 270 Milestone Road was most recently listed for $26,000,000
  • Lowest:  5 Warren Street was most recently listed for $900,000

5 New Nantucket Properties Came to Market:

  • Total Dollar Value: $4,300,000
  • Highest Value: 5 Gully Road for $1,795,000
  • Lowest Value: 47A Appleton Road for $499,000

New to market: 47A Appleton Road

2 Price Reductions:

  • Largest Reduction: 18 Deer Run Road discounted 3 percent from original list price

Nantucket Real Estate Sale Price Statistics

Figures below represent 2011 averages through October 31, 2011 and EXCLUDE foreclosures but include REO’s:

  • 2011 Average Sale Price as a Percentage of the Original Listing Price77%  [This metric is appropriate for homes that have been on the market for more than 12 months given that the average months on the market for Nantucket property sales is 11 months and many properties have been on the market for more than one season]
  • 2011 Average Sale Price as a Percentage of Most Recent or LAST Listing Price89%  [This is an appropriate metric for all properties as the LAST Listing Price more than likely reflects more current pricing, especially in the case of properties which have had price reductions]

Discount by Length of Time on the Market:

2011 Average Sale Price as a percentage of Original Listing Price for Homes on the market for more than 18 months 66%

  • 2011 Average Sale Price as a percentage of Original Listing Price for Homes on the market between 12 and 18 months: 70%
  • 2011 Average Sale Price as a percentage of Original Listing Price for Homes on the market between 6 and 12 months:74%
  • 2011 Average Sale Price as a percentage of Original Listing Price for Homes on the market for less than 6 months: 89%

Windwalker Week in Review – Nantucket Real Estate Recap 11/18-11/25

4 Nantucket Properties Transferred:

  • Sales Totaled $7,250,000 million
  • Highest Sale: 7 Woodbury Lane for $2,850,000

    Highest Sale of the Week: 7 Woodbury Lane for $2.875 million

  • Lowest Sale: 3 Williams Street for $350,000

2 Offers Were Accepted (Prices reflect most recent asking price):

  • Highest: 18 Hedgebury was most recently listed for $2,975,000
  • Lowest: 88 Madaket Road was most recently listed for $1,750,000

3 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):

  • Highest: 7 Topping Lift was most recently listed for $895,000
  • Lowest:  18 Cherry Street was most recently listed for $229,000

7 New Nantucket Properties Came to Market:

  • Total Dollar Value: $7 million
  • Highest Value: 44 Sankaty Road $1,350,000

New to Market: 16 Milestone Road for $449,000

  • Lowest Value: 16 Milestone Road for  $449,000

4 Price Reductions:

  • Largest Reduction: 5 Wigwam Road discounted  43  percent from original list price

Windwalker Week in Review – Nantucket Real Estate Recap 11/11-11/18

6 Nantucket Properties Transferred:

  • Sales Totaled $13 million
  • Highest Sale: 66 Quidnet Road for $4,500,000

    Highest Sale of the Week: 66 Quidnet Road for $4.5 million

  • Lowest Sale: 22 Atlantic Avenue for $500,000

8 Offers Were Accepted (Prices reflect most recent asking price):

  • Highest: 30 Wanoma Way was most recently listed for $2,495,000
  • Lowest: 7 Williams Street was most recently listed for $339,000

5 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):

  • Highest: 8 Bunker Hill Road was most recently listed for $2,795,000
  • Lowest:  36 Vestal Street was most recently listed for $1,195,000

8 New Nantucket Properties Came to Market:

  • Total Dollar Value: $7 million
  • Highest Value: 69 Easton Street $1,350,000

    Lowest Priced New Listing of the Week: 6A Yompasham Lane for $550,000

  • Lowest Value: 6A Yompasham Lane $550,000

4 Price Reductions:

  • Largest Reduction: 10 Prospect Street discounted  44  percent from original list price

Windwalker Week in Review – Nantucket Real Estate Recap 11/4-11/11

7 Nantucket Properties Transferred:
•    Sales Totaled $13 million
•    Highest Sale: 54 Hulbert Avenue for $4,500,000
•    Lowest Sale: 24 Rhode Island Avenue for $740,000

Highest Sale of the Week: 54 Hulbert Avenue for $4.5 million

1 Offer Was Accepted (Prices reflect most recent asking price):
•    37 West Miacomet Road last listed for $1,950,000
4 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):
•    Highest: 64 Sankaty Road last listed for $2,795,000
•    Lowest:  64 Milk Street last listed for $1,195,000

8 New Nantucket Properties Came to Market:  
•    Total Dollar Value: $11.75 million
•    Highest Value: 20 Stone Post Way $2,995,000
•    Lowest Value: 76A Center Street $262,350

 

8 Price Reductions Occurred:
•    Largest Reduction: 9 Meadow Lane discounted 20 percent from original list price

New to Market: 76A Center Street for $262,350!

Windwalker Week in Review – Nantucket Real Estate Recap 10/28-11/4

11 Nantucket Properties Transferred:

Highest Sale of the Week: 8 Mooers Avenue for $2.9 million

•    Sales Totaled $13.3 million

•    Highest Sale: 8 Mooers Avenue for $2,900,000

•    Lowest Sale: 23A Pine Crest Drive for $159,000

1 Offer Was Accepted (Price reflects most recent asking price):

•    45 Miacomet Avenue last listed for $465,000

6 Purchase & Sale Agreements Were Executed (Prices reflect most recent asking price):
•    Highest: 26 West Chester Street last listed for $1,795,000

•    Lowest: 3 Williams Street last listed for $389,000

10  New Nantucket Properties Came to Market:    
•    Total Dollar Value: $12.6 million

•    Highest Value: 123 Cliff Road $3,695,000

•    Lowest Value: 21B Park Circle $325,000
5 Price Reductions:

Substantial Price Reduction! 15 Hallowell Lane $5.5 million

•    Largest Reduction: 15 Hallowell Lane discounted 54% from original list price