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JPFCO

JPFCO REAL ESTATE BUZZ

Feb 15, 2010       Issue: 153

J Pepper Frazier Company
Nantucket Harbor
 
 New Listings VIEW ALL

Jul 26, 2017

Middle Moors
$1,995,000
 
 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
Habitat for Humanity on Nantucket

Habitat for Humanity Nantucket (HFHN) was founded in 2004 on the belief that every family on Nantucket has the right to decent and affordable housing. HFHN actively pursues this mission by building and/or renovating sustainable homes with the help of volunteers, contributions of labor and materials, and the active participation of the Habitat family. Habitat is currently building it’s fourth project, a home at 46 Okorwaw Street near the airport. Volunteers range from skilled professionals in the building trades to the local high school construction program. The purchase price for the Habitat family is roughly equal to the total cost of construction. Habitat for Humanity Nantucket strives to keep the island whole by maintaining Nantucket's year-round community one house at a time.
  HFHN Web-site 
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REAL ESTATE BUZZ
  Current Sales Data

Listings Currently Under Agreement (UA): 39
Percentage of Inventory UA: 7%
Average UA Price: $1,552,851
Median UA Price: $1,050,000
Average Days on Market UA: 266



Number of Sold Properties To Date 2010: 12
Average Sold 2010 Price: $2,997,268
Median Sold 2010 Price: $915,000
Average Days on Market Sold 2010: 310
Data: LINK Nantucket
 
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RENTAL BUZZ
  Nantucket Gift Basket Company

Imagine walking into your rental house after a long travel day. Dropping your bags in the entryway and checking out your new home for a week. Your eye roams around the space, and you see a welcome basket, bottle of wine, fresh flowers, baked good, and a note left specifically for your arrival. Wow, what a welcoming experience! As an owner, this is a really nice and fairly inexpensive thing to do for a tenant to welcome them to your home. The gesture could be as easy as putting a few bottles of wine and corresponding notes in a locked owners closet and asking the cleaner/caretaker to put one out before each tenant, or there are several island companies who can facilitate a custom gift basket. This sort of thing makes a property extra memorable and can help facilitate repeat rentals.
    Link to ACK Gift Basket Company  
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  The Sealed Bid

Let's see. Where were we? Oh, yeah, auctions. We covered the rudiments of the "open air", or the basic, common auction with which we are most familiar, both absolute and reserve. The less used auction is the sealed bid. A common misconception is that the sealed bid is opened at a lawyer's office, generally in front of the bidders. While this method is quite common, the Auctioneer can open the bids in private, and not reveal the contents. At his discretion, he can decide they are all inadequate, for whatever reason. He is not bound to take the highest bid; however, again at his discretion, he can decide the bids are so close that he wants them re-bid. Of course, he must follow, specific instructions from the Seller.
 
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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