Not for long because the conservation groups are buying it all up, but that is great for all of us who love Nantucket (and like our property values to go up)! Nantucket has some of the strongest conservation foundations/efforts in the world. A group of great Nantucketers had the foresight to found the Nantucket Conservation [...]
I grew up in a real estate family. I have been hearing real estate deals being negotiated since I was 3 months young. Sometimes I would hear my mom say, “How’d the third showing with so and so go?” My dad would say, “Libby, it’s never a good sign if they want to see the [...]
To a layman looking on at a real estate auction, it seems straight forward-a bidder has the max she will bid, she’ll go back and forth with other bidders until a) she is tapped out or b) she wins the auction. Au contrair mon ami. Auctions have a lot more to them than meets the [...]
My dad always told me that Nantucket is one of the last ones in and first ones out of a bust. That’s another way to say that Nantucket is a very safe place to invest and/or park your money. Another way to see the strength of an investment is to look at capitalization rates. Cap [...]
Properties on the open market, 4/28/09, 602. Properties on the open market, 4/18/10, 560. Properties on the open market, 4/20/11, 482. Properties under agreement, 4/28/09, 18. Properties under agreement, 4/18/10, 32. Properties under agreement, 4/20/11, 50. I think I see a trend… Get in while the interest rates are still low!
Nantucket is not perfect, but it is pretty close. Once the new Dreamland Theatre is done, it will be directly across South Water Street from the Atheneum. So, Nantucket will have two, amazing, multi-faceted learning/cultural centers that complement each other perfectly a stone’s throw away from one another. I find that very cool and that’s [...]
National real estate statistics are just that-national. Although the national February numbers for new construction home sales and pre-existing home sales numbers were not what many had hoped for, these numbers take into account the US as a whole. But, there are many parts to the whole and Nantucket is one part. There are areas [...]
As of March 6, 2011, there are: 435 active listings available and 43 active listings that are under agreement Out of the total (available and under agreement) active listings, 8.996% are under agreement. Only in September of 2010 has that percentage been higher, and only by a small fraction, in at least the last three [...]
I know it is not the hey day, but it does not feel like ’07/’08 either. I drive down the road and see new buildings, huge renovations dotting the landscape all around me. This is the busiest February I can remember in the last 4 years. I hope these are signs for not only Nantucket, [...]
Nantucket’s total real estate value according to the Assessor’s office is $17,208,429,905. This number puts Nantucket at the 4th highest value in the Massachusetts behind Boston, Cambridge and Newton. Currently, Nantucket’s tax rate for residential property, $3.58/$1,000 of assessed value, for commercial property, $6.41/$1,000 of assessed value and for open space, $3.42/$1,000 of assessed value. [...]
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