Paper roads for sale in Surfside. The town is currently undergoing their second round of yard sale program. How the program works: The town has marked off a considerable amount of paper roads that they deem will never need to be opened up and or constructed. The town then takes the paper roads by eminent [...]
Seems that with all this money getting pumped into the economy, inflation is inevitable. Actually, there have already been signs of it and that’s excluding energy and food prices which have sky rocketed. So, a great way to hedge against inflation is to buy hard assets, like real estate, because the price of hard assets [...]
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 [...]
My wife Jenn and I are in Harbour Island, The Bahamas. It is a beautiful island with many similarities to Nantucket-great beaches, restaurants, festive local/non-local crowd, tight-knit local culture, great fishing and valuable real estate. Naturally I thought what is the process of buying real estate and what are the fees. Besides the 8-10% brokerage [...]
I am noticing a trend in the Nantucket real estate market-good, solid deals are getting snapped up a lot quicker now than the last few years. If a property comes to market at a fair price or gets a price reduction that puts it at or below market, a buyer is there to buy. Take [...]
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, [...]
As of today: -435 listings available -43 listings under contract -9% of all properties listed are under contract Not bad compared to one year ago when there were: -498 available listings -36 listings under contract -6.7% of all properties listed were under contract 2010 year end stats are available from your favorite J Pepper Frazier [...]
Hard to say. Some banks are making loans, but they seem to be the smaller banks, like TD Banknorth, whereas Nantucket Bank, who is now owned by the Spanish monster Santander, is regretfully doing very little in the real estate market on Nantucket. I do know that you have to be a strong borrower to [...]
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