The amount of building on Nantucket is incredible. It is not just in pockets around the island, it is everywhere and everything. Take the new developments. The naysayers said they would sit untouched with tumble weed blowing down the streets for years to come. Not so, Black Fish Lane has two new houses going up, [...]
The Special Election today for Kerry’s Senate seat got me thinking about Nantucket’s government and politics. Nantucket has an elected Board of Selectmen which is responsible for the Town government’s goals and policies. The BOS call the Town Meeting into existence by issuing the Warrant which is the list of items, known as the Articles, [...]
There are many signs of an improving market. Here are my Top 5 signs the market is improving counted down. 5) A fourth bank, Hingham Savings, just closed on 35 Main Street, a prime commercial location, for $3.6M and are probably going to spend another $1.5-2M outfitting the building. You need to do a lot [...]
I may not be a fortune teller, but I know Nantucket real estate. Sure enough my prediction that the four, elevated acres in Monomoy would have an accepted offer by this column rang true-only took four days. Apparently, there were actually multiple bids. That is a sign of a healthy market-put an appropriate ask on [...]
What do bidding wars in Naushop, resale of properties within 2 years for 15%+ more and building permit numbers being up year over year for the last three years tell you? Not sure, but tells me that this is a strong market and values are increasing. The Nantucket market has historically mimicked the stock market. [...]
Yes, it could! We are actually seeing a sense of urgency from buyers and tenants now. We have not seen this since at least 2007. Makes sense, though. There is more demand vying for less supply. Look at the sales market, there is dwindling inventory, currently 321 active listing (we haven’t seen inventory that low [...]
In commercial real estate, it is all about the numbers. In residential real estate, it is not only about the numbers, but also about emotion and psychology. Focusing on the psychology aspect, why do properties get listed $1 below the next price level, i.e. $1,999,999 instead of $2,000,000? Because, there is a huge psychological difference [...]
Winter has traditionally been a time when I organize my folders (electronic and physical) and get ready for a whirlwind four months from June through September. My buyer client folders typically go into “Active Client” and “Inactive Client” folders. I reluctantly move client folders into the “Inactive” category, but after 4+ attempts to get a [...]
I’ve never heard someone say, “We should’ve gone for the cheaper rental.” The rental bookings are in full swing right now, so if you are thinking about renting and you can afford what your broker recommends, go with your broker’s recommendation. I’m not saying rent something out of reach, but don’t try to save a [...]
I’ve been saying all year that the Nantucket real estate market has been coming back. There has been plenty of evidence to back this up-for instance, the total volume for 2012 will probably be around $750M, a 45% increase from 2011′s $520M. Now, there is a general consensus among most analysts that the national real [...]
HOME | REAL ESTATE | RENTALS | NANTUCKET | JPFCO | NEWSLETTER
One of the oldest and most experienced nantucket real estate firms
JPFCO | 19 Centre Street Nantucket, MA 02554
