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| ISLAND HAPPENINGS |
Annual Wine Festival
The island is anticipating a solid turn out for the 12th annual Wine Festival being held from May 13th until May 17th. Nantucket Island will be host to over 100 wineries of international acclaim with special events including celebrity chef cooking demonstrations, seminars, and an auction. Taste wine in grand homes and dine in Nantucket's world-class restaurants. Great rental properties still available. |
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Tickets & Details |
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| REAL ESTATE BUZZ |
First Quarter Sales Stats
During April, real estate activity has really picked up on the island. As of April 30th, there are 17 properties that have either gone to contract, or are close to going to contract. The accepted offer prices range from $430,000 to $6,650,000. The 2nd quarter statistics will certainly be higher. That said, enclosed are the stats from the 1st quarter: 27 homes sold in the 1st quarter of 2009. The average price was $1,958,000. The median price of those houses was $1,337,000. The houses sold on average at 98.57% of assessed value, and at 90% of the listed asking price. 1 piece of vacant land sold for $460,000, this was at 112% of assessed value, and 100% of asking price. Stats provided by Link Nantucket. |
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| RENTAL BUZZ |
Cisco Rental House located on Tautemo
Water views from almost every room. This spacious and sunny home was custom designed and professionally decorated for the owner, who is a nationally published architectural designer. A few prime July and August weeks at this five bedroom Cisco property are still available. |
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Rates & Available Weeks |
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| NOTES FROM PEPPER THE ELDER |
Now is the time to buy...
I'm tellin' ya mate; there are deals out there. I mean The Hancock for 50 cents on the dollar? The preeminent commercial building in New England for half price? 51 Main in Nantucket for $3.1 mil? So what I'm saying is that there are 'deals' out there and keep your eyes 'peeled.' No, I don't know the etymology, but I'll find out.
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