Nantucket Island Market Analysis by Area: Fisher’s Landing

Fisher’s Landing is an award-winning cluster subdivision located about 3 miles to the west of Town on the way to the village of Madaket.  We consider Fisher’s Landing to be a distinct area due to the uniqueness of the development.  Because of how it was originally created, there is a homeowner’s association, shared tennis courts, mailboxes, boat storage and a mooring field at Warren’s Landing.  Both the Madaket bike path and the shuttle bus go right by the main entrance to Fisher’s Landing.  It is a popular spot for those on vacation, especially extended families who will often book more than one house.  Fisher’s Landing is surrounded by a large greenbelt of undeveloped land that is forever protected from building.  There is also a footpath to the North Shore beach with calm water, on Nantucket Sound.
  
In the past 12 months there were 3 sales in Fisher’s Landing.  The average selling price was $730,500 and the median was $742,500.  The average days on the market was 128 days, about half of the market average.

The least expensive sale in Fisher’s Landing was the sale of 14 The Grove, a bank-owned property with a main house and guest cottage that sold for $699,000.  The houses sat on a quarter acre lot in the interior part of the development and had been foreclosed on for $742,500 a month before the sale. The highest price paid for a property in Fisher’s Landing in the past 12 months was $750,000 for 9 Fisher’s Landing Road.  This house was a cape style home with 3 BR/2 BA and had had some recent updates.  The property was listed for $775,000 at the time of the sale and was on the market for 250 days.  Over time, Fisher’s Landing has demonstrated good value for money spent.

At this time there is only one property listed for sale in Fisher’s Landing. 6 West Way offers a colonial style 4 bedroom home with a detached 2 bedroom cottage on an 11,000+ s.f. lot.  The property is listed at $930,000, and has been for sale for 128 days.

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

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