If all transactions were included, the 2019 total volume was $1.005bn. If non-arm’s length transactions are excluded, like affordable housing and some conservation purchases, the total volume was just under $1bn. Being the upbeat real estate broker I am, I’m going with Nantucket had another $1bn+ year.<\/p>\n
If you go to sell on Nantucket, it often pays to have neighbors, especially high-end neighbors, because there is a decent chance your neighbor will be the highest bidder for your property. A few examples just from 2019 where the neighbor bought the listed neighbor’s property:<\/p>\n
40 Shawkemo Road, $23.9mm
\n36 Low Beach Road, $5.5mm
\n60 Walsh Street, $4.5mm
\n9 Cliff Road, $3.9mm
\n4 Shawkemo Road, $2.0mm
\n36 Crooked Lane, $1.98mm
\n12 Fulling Mill Road, $1.7mm<\/p>\n
So, if you’re going to sell your Nantucket property, make sure you’re a good neighbor.<\/p>\n
The Land Bank and Nantucket Conservation Foundation made some great buys in 2019. Notably:<\/p>\n
LB – 174 Orange Street and 2 Milestone Road, 9 acres abutting the Monomoy Creeks.
\nLB – 39 Almanack Pond Road, 11 acres abutting hundreds of acres of conservation land.
\nLB – 101-103 Hummock Pond Road, 15 acres to continue to be used as farmland.
\nLB – 246 Milestone Road, 3 acres across Milestone Road from hundreds of acres of conservation land.
\nNCF – 204 Cliff Road, 14 acres abutting Maxey Pond.<\/p>\n","protected":false},"excerpt":{"rendered":"
If all transactions were included, the 2019 total volume was $1.005bn. If non-arm’s length transactions are excluded, like affordable housing and some conservation purchases, the…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2409","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/2409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/comments?post=2409"}],"version-history":[{"count":6,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/2409\/revisions"}],"predecessor-version":[{"id":2415,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/2409\/revisions\/2415"}],"wp:attachment":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/media?parent=2409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/categories?post=2409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/tags?post=2409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}