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JPFCO

JPFCO REAL ESTATE BUZZ

Oct 1, 2009       Issue: 144

J Pepper Frazier Company
Photo: Sconset garden and yard with views of the Atlantic on a warm September afternoon.
 
 New Listings VIEW ALL

Jul 26, 2017

Cliff
$5,975,000

Jul 26, 2017

Town
$4,945,000

Jul 25, 2017

Town
$2,495,000

Jul 25, 2017

Town
$895,000
 
 Recently Sold VIEW ALL 

Jun 22, 2017

Mid Island
$930,000

Jun 26, 2017

Town
$5,585,000

Jun 26, 2017

Cliff
$2,450,000

Jun 16, 2017

South of Town
$325,250
 

ISLAND HAPPENINGS
Fall on Nantucket

Cranberries have been grown on Nantucket since 1857 and the Cranberry festival celebrates the tradition Columbus Day weekend.
Did you know that small pockets of air inside the cranberry cause it to bounce and to float in water?

The cranberry is one of three fruits native to North America. The other two are the Concord grape and the blueberry.

The average number of cranberries used to make a can of cranberry sauce is 200.
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REAL ESTATE BUZZ
  The High End is Holding Strong...

As of this week, according to LINK Nantucket the following stats apply:
5 Parcels of Land are Under Contract
7 Condos are Under Contract
44 Single Family Homes are Under Contract

It gets really interesting when we break down the single family properties:
7 are under $1M
13 are between $1M-$2M
24 are between $2M-$16M

Photo: 7 Plum Street, Surfside Beach House & Cottage: $2,825,000
 
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RENTAL BUZZ
  Here we go again...

Attention all owners: You will receive a digital annual update next week with all of the information that you need to get your rental situated for the 2010 rental season. Please keep an eye out for it.

Attention all tenants: If you want to rent a house with a swimming pool for 2010, the time to get organized is fast approaching!

Photo: A very happy JPFCO broker taking a swim after the island has calmed down a bit!
 
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  "The Amech"

Now, if you're at Baskin-Robbins, a double dip is a good thing; however, if you're coming out of a recession, it is a decidedly bad thing. So are we going to see the feared double dip (also known as a "W" shaped recovery)? Mr. Stock Market, and some of the smartest minds on the Street don't think so. The smart guys are loading up on tangibles: Gold, copper, silver, real estate, autographed pictures of Don Ameche and Mr. Ed, stuff you can get your fingers around. Gold, copper and silver do not produce income or tax benefits, of course, nor do the pictures of Mr. Ed and The Amech, but you do get the sheer joy of them hanging around. A key sign of a "V" shaped recovery is the heating up of the M&A and IPO markets. The best play around? Long on real estate. The worst play around? Long on natural gas.
 
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One of the oldest and most experienced nantucket real estate
JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202