Nantucket January Market Report

We have learned, with experience, not to judge the market by only one month of data.  However, there may be something interesting going on.  In January there were only 36 sales, down 33% from one year ago.  There were 22 home sales, 4 vacant lots and 5 commercial sales (the

Recent Changes: Week Ending Wednesday, February 13, 2019

16 Folger Avenue

16 Folger Avenue Surfside $1,095,000 Offer to Purchase Days on Market: 24 Bed: 1 Bath: 1.5 This property features a 1000 square foot heated garage, half bath on the first floor and a spacious light filled second floor living space with large cupola, galley kitchen, bedroom with full bath, cathedral

Nantucket Landfill: New Rules!

The director of the Department of Public Works recently announced new rules for the landfill.  The goal is to have folks recycle everything they can AND divert ALL Non-compostable waste from their compostable stream to the Non Recyclable-Non Compostable (NR-NC) stream (which is sent off-island).  Effectively nothing would be put into

Recent Changes: Week Ending Wednesday, February 6, 2019

49 Sankaty Road

49 Sankaty Road Sconset $1,150,000 Offer to Purchase Days on Market: 3 Bed: 0 Bath: 0 Great oversized building lot with easy access to Sconset Village, the bike path and golf clubs. Brush cut, staked, tagged and has Town utilities. The SR10 zoning allows for a footprint of over 4,000

New Real Estate Listings: Week Ending Monday, February 4, 2019

54 Skyline Drive

54 Skyline Drive Surfside $1,300,000 Bed: 0 Bath: 0 Best land value in Nantucket. Oversized 3 acre lot in 2 acre zoning affords excellent potential for spec development or instant value for an enduser. Existing structures create potential for subdivision through the Covenant Lot while retaining a full size conforming

Short Term Rental Tax now 11.7%

Legislation was recently signed into law in Massachusetts which subjects short-term rentals of property to the room occupancy excise, G.L. c. 64G, as of July 1, 2019. The law imposes a 5.7% state tax and allows for an “up to 6%” local option tax as well as a potential 2.75%