Nantucket: April 2014 – Market Marching Higher

Front Street Sconset

The data is in for the month of April and, as expected, the real estate market continues to improve.  There were 36 property transfers in April 2013 and 37  in April 2014.  However, the sales dollars last April were $28 million compared to nearly $50 million this past month – an increase of 78%.  The average price of a Nantucket property has risen from $1,055,000 to $1,612,000 in the past 12 months.  The highest priced property sold in April was 27 Hinckley Lane at $5,350,000.  The property had initially been priced at $7,900,000.  The least expensive sale in April was a vacant lot located at 17B Bartlett Road that sold for $275,000, initially priced at $299,000.

LINK April 2014

LINK YTD 4.30.14

Share