Two disclosed Nantucket sales span $250,000 to $750,000 in July

NANTUCKET -- Six property transfers were recorded at the Nantucket County Registry of Deeds between July 10 and August 8, with lending institutions appearing as either buyer or seller in four of the six transactions. Only two of the six deeds disclosed a sale price.

MARKET OVERVIEW Six sales were recorded during the period. Of those, two listed a consideration amount, ranging from $250,000 to $750,000, with a median of $500,000. Because price data is available for only a third of recorded transfers, the raw count of six deeds is the most reliable indicator of activity for the period; four transactions carried no disclosed price, which is common for certain deed types and does not by itself indicate low or high market activity.

TOP SALES The highest-priced transaction was recorded July 14 at a Nantucket address, at $750,000. The seller was Samuel J. Aloisi, trustee of the Samuel J. Aloisi Revocable Trust; the buyer was Rockland Trust Co.

The second-highest disclosed sale was 11 Spring Street, Unit 3, in the 96 Orange Street Condominium, which sold July 14 for $250,000. The seller was the Orange Street Condominium, through trustee Kelly A. Burke; the buyer was Cape Cod Five Cents Savings Bank.

The remaining four transactions in the dataset did not disclose a sale price: 216 Cliff Road, 61 Fair Street, 5 Nonantum Avenue and 5 Cottage Avenue.

NEIGHBORHOOD BREAKDOWN No street name appeared more than once in the dataset, so sales are broken out by price tier instead. Two transactions had disclosed prices: one under $500,000 (11 Spring Street, at $250,000) and one over $500,000 (the $750,000 sale). The remaining four transactions, at 216 Cliff Road, 61 Fair Street, 5 Nonantum Avenue and 5 Cottage Avenue, had no disclosed price and cannot be placed into a price tier.

MARKET NOTES Four of the six recorded transfers involved a bank or mortgage entity as either grantor or grantee: Mortgage Electronic Registration Systems Inc. was the seller on the 216 Cliff Road and 61 Fair Street deeds, while Rockland Trust Co., Cape Cod Five Cents Savings Bank and Eastern Bank each appeared as a buyer. One transaction, at 5 Nonantum Avenue, listed Nantucket Town as the buyer, a municipal party. The July 14 sale of the $750,000 property involved a family trust as seller, the Samuel J. Aloisi Revocable Trust; the deed data does not indicate whether this reflects a broader estate or family-transfer pattern beyond this single sale. Property types in the dataset include at least one condominium unit (11 Spring Street, Unit 3) alongside properties listed only by street address. No bed, bath or square-footage data was available in the deed records for any transaction.

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.