Nantucket Real Estate Transactions | August 6 - 12, 2011

Recent Nantucket Real Estate Transactions

Nantucket's real estate market changes quickly. With an average of more than 450 properties changing hands each year over the past 5 years and a short selling season it's important to track recent Nantucket real estate transactions to stay abreast of changes in the market.

Through July 31, 2011 the number of Nantucket real estate transactions (the total of all residential, commercial and land sales) is up 11.39% over the same period in 2010. The 176 Nantucket real estate transactions represent 48.35% of the 364 property sales that took place in 2010.

The numebr of Nantucket real estate transactions in July 2011 was slightly higher than in July 2010. There were 19 sales this year compared with 18 last season. The value of the Nantucket real estate transactions this past month is also up from the previous year. Median sales price in July 2011 is up 54.39% to $1 million. That number represents a dip from the $1,105,000 median transaction price in July 2010.

Nantucket real estate transactions have trended toward residential sales and away from land and commerical real estate this year. Nearly 86% of all Nantucket real estate transaction since January 1, 2011 has been single family residential properties. With 151 residential property transactions through the end of July the number of single family sales is up 8.6% over the same period in 2010.

Beacon Real Estate offers weekly reports on the Nantucket real estate transactions, price adjustments and new listings. For more information about recent sales, market trends and the most up to date information on Nantucket real estate available please visit the Beacon Real Estate blog by clicking the image above. Find out why Beacon is Nantucket's best real estate agency.

Pictured above: 4 Dovekie Court. 3 bedroom, 2 bathroom house sold for $600,000 on July 29, 2011