Only One of Six Nantucket Sales Has a Posted Price So Far

NANTUCKET -- Six property transfers were recorded at the Nantucket County Registry of Deeds between September 4 and October 3, but sale prices had posted for only one by the time this roundup went to press, limiting what can be said about pricing trends this period.

MARKET OVERVIEW Six sales recorded during the period. Of those, one has a sale price on file: $1,700,000, for 12 Atlantic Avenue, which sets both the low and high end of the known price range and is therefore also the median by default. The other five transactions have not yet had consideration amounts posted by the registry, which typically appears within about a week of recording; this is a normal data lag, not a sign that prices were withheld. With five of six prices still pending, it is not possible to characterize this period as active or quiet relative to prior months based on price alone; the raw count of six recorded deeds is the only firm volume figure available.

TOP SALES 12 Atlantic Avenue sold for $1,700,000 on September 4. The seller was REO Issuer LLC; the buyers were Trevors Trail II LLC and Nantucket Atlantic LLC. Bed, bath, and square footage figures are not available from deed records.

The remaining five recorded transactions have no price yet available: 69 Cliff Road (sold September 9, seller JPMorgan Chase Bank N.A., buyer U.S. Bank N.A., as trustee); a property listed only as "Nantucket, MA" with no street address given (sold September 8, seller Kenneth B. Spatola, as trustee; no buyer listed in the data); 40 Shell Street, Lot 2 (sold September 8, seller Raymond James Bank, buyer Richard Duncan); 6 Van Gilder Avenue (sold September 4, seller SDC Nantucket LLC; no buyer listed in the data); and 4 Van Gilder Avenue (sold September 4, seller Rockland Trust Co. and Gregory P. Bru, Esq.; no buyer listed in the data).

NEIGHBORHOOD BREAKDOWN Van Gilder Avenue accounted for two of the six sales, both recorded September 4 at Nos. 4 and 6. No other street appears more than once in this dataset. By price tier, only one sale, 12 Atlantic Avenue, has a confirmed price, placing it in the over-$1 million tier; the tier placement of the other five sales cannot be determined until their prices post.

MARKET NOTES Four of the six transactions involved a bank or trust company as the seller: JPMorgan Chase Bank N.A., Raymond James Bank, REO Issuer LLC, and Rockland Trust Co. Property types cannot be determined from the data provided, and no bed, bath, or square footage figures were available for any sale, so no price-per-square-foot comparisons can be made this period. The 12 Atlantic Avenue sale involved two LLC buyers taking title together, the only instance of multiple buyers in this dataset.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.