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REAL ESTATE SALES INFO 

Nantucket Real Estate Market Report: 5/10/13 – 5/17/13

First-time homeowners taking advantage of low mortgage rates and real estate investors searching for yield have created a surge in the number of sales for properties under $1 million, practically depleting available inventory in this price point.  Sub-$1million property sales represent nearly 74% of all transactions but account for only 25% of available listings. Even more surprising is the fact that of the 115 available listings with current asking prices under $1 million, only 38 are single-family homes, with land (44), commercial (12) and condo/co-op/multi-family properties (21) representing the difference. Read More

RECENTLY SOLD PROPERTIES 

39 South Cambridge Street (Madaket) - $400,000
This light, bright and cheerful three bedroom two bath Madaket townhouse was just renovated in 2012.  New kitchen with granite counters and new appliances, new wood/tile floors throughout and new sliding deck doors are just a few of the upgrades.  Close proximity to Madaket bike path, Millie's Restaurant and wonderful Madaket Beaches.
(Jordan William Raveis Real Estate)
7 New Lane (Town) - $715,000
This New Lane property is all about the back yard. Must be seen to appreciate . House is ready for occupancy as is, or renovation. Fabulous yard with mature trees and koi pond (no koi included). Lots of expansion potential for house or garage apartment.
(Killen Real Estate)
6 Green Lane (Town) - $1,470,000
Sweet and Special!  This neat and tidy three bedroom home is nestled on a very well appointed, landscaped lot on a quiet lane in the Old Historic District.  Private setting, yet minutes to Downtown Nantucket. Kitchen, dining and living rooms are flooded with sunlight and feature a cathedral ceiling in dining room. Three bedrooms, (one on first floor) two and one half baths.  Basement easily converted to additional living space.
(Jordan William Raveis Real Estate)
7 South Valley Road (Shimmo) - $1,550,000
This Shimmo Association property includes rare, deeded harbor access. A short walk to the beach, where you can moor you boat. The 4 bedroom, 2 bath home abuts protected (NLC) open space and has a large private, south facing back yard. Attached garage, full basement and out building with greenhouse. Heat supplemented by gas Rinnai and woodstove.
(Killen Real Estate)
19 Broadway (Sconset) - $838,650
~ WILLOW HARP ~ This quaint Sconset cottage is a short distance to the Ocean or Village Center.  With climbing roses, a private patio and ocean view in the distance from the master bedroom, it reflects the special charm at the historic heart of Sconset village.
(Coffin & Sconset Real Estate)
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