The numbers are in for the month of October and it was the busiest October in more than 10 years. There were 84 closings for a total of $162,367,518. Compare this to 2013 with 72 closings for $143 million and 2012 with 63 for $105 million. There were 63 sales of residential properties (total of $138 million), 17 sales of vacant parcels of land ($18 million) and 4 commercial property sales ($6 million). The least expensive residential property sale was 7 Bayberry Court, a condomunium unit located in the Mid-island area, selling for $390,000. The highest priced sale was a property located on Harborview Drive in Shimmo, with potential for subdivision, selling for $7.1 million.
The strong activity for the month of October has put the year to date total over $824 million with 2 of the most active months still to come. The real estate market on Nantucket is on track to exceed one billion dollars for only the 3rd time ever.
YTD Nantucket Real Estate Stats