Through August 15th, the year 2011 has seen 6 Brant Point real estate sales. Interestingy there were exactly the same number of Brant Point real estate sales between January 1, 2010 and August 15, 2010. Brant Point real estate sales represent a smaller portion of the total real estate sales market this year than they did in 2010 due to the increase in the number of transactions. So far this year the sales represent just 3.4% of the total number of closed transactions.
Brant Point real estate sales have historically been some of the most expensive sales on Nantucket. Last year, through August 15th, the average price paid for Braint Point real estate was $5,295,733. That number was skewed by the foreclosure auction of the Point Breeze property at 77 Easton Street. On June 24, 2010 the property was purchashed by TD Bank North for $22 million. The bank had held the first mortage on the massive redevelopment project.
If you remove the large foreclosure sale (it really wasn't a qualified sale anyway) the average price of Brant Point real estate sales drops from $5295,733 to $1,954,879. The mean average this year through August 15th is $1,269,333.
Brant Point real estate sales have never represented a large percentage of the Nantucket real esate market in terms of total number of sales. The area, set along the beach on the North side of Town, has long been one of the most attractive areas of the island but its small size and lack of open real estate has keep the number of property transfers low and relatively constant. Read more about Nantucket neigborhoods from Beacon Real Estate.
Beacon Real Estate is the only real estate agency on the island where all of the agents and brokers and Nantucket natives. Let us use our extensive knowledge of the island and the local real estate market to help guide your search for Nantucket real estate. Beacon is Nantucket's only exclusive buyer's agency meaning we only work with buyers and only have your interests in mind. With expert knowlege of Brant Point real estate sales and every facet of the market Beacon should be your first call when considering buying on the island.