Nantucket Island Market Analysis by Area: Naushop

Naushop is a planned community located between Nantucket town and the airport.  Built mostly in the last two decades, the neighborhood is modeled on Nantucket town with small lots (5,000 s.f.) with individual homes mostly in fee-simple ownership. The properties have such architectural features as white picket fences, brick walkways, historical lamp posts and rose covered arbors. The Naushop Homeowners’ Association provides membership in the community clubhouse, pool, tennis courts and playground which are open only to residents. The community includes a good mix of both year-round and seasonal residents. Ideally situated on the island for both convenience to the town, the beach, the airport, the islands’ network of bike paths and public transportation, Naushop is a great location for enjoying all that the island has to offer.

In the past 12 months there have been a total of 16 sales in Naushop, 2 of them vacant land.  The vacant lots sold for $268,000 and $340,000 respectively.  The average selling price was $657,719 and the median was $700,000.  The average days on the market was 258 days, slightly less than the market average as a whole.

The least expensive house sale in Naushop was the sale of 93 Goldfinch Drive for $493,500, one of the older 3 BR/2 BA homes in Naushop.  The highest price paid for a property in Naushop in the past 12 months was $930,000 for 76 Goldfinch Drive, a large 4 BR/3.5 BA home custom-built in 2003.

At this time there are 14 properties listed for sale in Naushop, 5 of which are vacant land listings.  The average list price is $754,143; the median list price is $875,000.  The average days on the market is 420 days, slightly longer than the market average.  The least expensive house listed for sale in Naushop is 20 Kittiwake Lane, a good value at $875,000.  It is a 4 BR/3 BA house with a fireplace and updated kitchen and baths.  It has a free standing garage and a nice private patio.  The most expensive listing in Naushop is 80 Goldfinch Drive listed $1,395,000.  The house has 4 BR/4.5 BA and is being offered for sale fully furnished.

Please contact your Atlantic East Nantucket Real Estate broker for more information about Naushop or any other areas on island.

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