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 [...]
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!
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 [...]
J Pepper Frazier Company just successfully brokered and closed another short sale on Nantucket-70 Pochick Avenue. Although I was working on the deal for 6 months, once Chase assigned the case a negotiator, in the sixth month, I was actually able to communicate with someone and move the deal along smoothly, basically as a conventional [...]
In December 2008, there were 628 total properties listed and out of those, 17 had accepted offers or were under agreement, 2.7%. In December 2009, there were 630 total properties listed and out of those, 33 had accepted offers or were under agreement, 5.2%. In December 2010, there are 593 total properties listed and out [...]
A magnificent 9.2 acre water front piece of vacant land in one of Nantucket’s most sought after locations, 0 Chase Links, just received an accepted offer. We won’t know at what price a deal is being made until the deal closes, but I bet it is within 15% of the asking price considering the property [...]
11 and 16 Cathcart Road located on Nantucket’s prestigious harborfront location just had a price reduction from $38.5MM to $29MM. The properties were originally priced at $55MM, which everyone knew was an astronomical asking price. Now, the Seller is getting into the realm of market value. Will update with any developments. Until next time Nantucket [...]
13 Squam Road closed yesterday for $12.75MM. The property has been on the market for over three years, originally starting at $19.95MM. Although the Buyer received a significant discount off the original asking price, it goes to show market stabilization, the bottom is forming and properties once again have a liquid value. Encouraging news for [...]
Rumor has it that 13 Squam Road, located on Nantucket’s exclusive eastern shoreline, is under agreement for $13.07MM. It is a stunning piece of property with a house, guest house, swimming pool, tennis court and boardwalk to the beach. It originally started at $19.75MM, 3.5 years ago. Seems like a bottom is forming in the [...]
This rare parcel of property has recently come on the market for $7M and is an ideal opportunity for the right developer. There is no other property of this size available on Nantucket. The property is on Millbrook road (off of Hummuck Pond road) and is near Bartlett’s farm and Cisco beach. The property is [...]
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