What’s Happening in the Neighborhood: Town

There were 117 property sales in Town in 2012, accounting for approximately 25% of all sales on-island last year.  The average selling price was $1,568,803; the median price was $1,250,000.  There were 9 sales of vacant land, 11 commercial sales and 97 residential sales.  The average days on the market was 301, the same as the market as a whole (300 days).  The least expensive sale in Town in 2012 was a condo property located at 76 Center Street with 1 BR/1 BA that sold at foreclosure.  The highest price paid for property in Town was $6,600,000 for 3 Cash’s Court, just off of Orange Street, a fully renovated historic home with views of Nantucket Harbor.

 

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