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JPFCO

JPFCO REAL ESTATE BUZZ

Dec 1, 2010       Issue: 174

J Pepper Frazier Company
A Bi-Weekly Newsletter About Nantucket Real Estate.
 
 New Listings VIEW ALL

Jul 26, 2017

Cliff
$5,975,000

Jul 25, 2017

Town
$2,495,000

Jul 25, 2017

Town
$895,000

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
Ode to Stroll

Magic washes in like a nor'easter to blanket Nantucket for the Holiday season. New England’s finest traditions come alive for the Annual Christmas Stroll Weekend, this year December 3rd through 5th. The Stroll is a community holiday celebration attracting visitors from around the world. Santa and Mrs. Claus arrive to the island via a Coast Guard vessel and ride up Main Street in a horse-drawn carriage accompanied by the Town Crier. Carolers in Victorian costumes, bell ringers, student choirs and other musicians perform on the Main Street stage as well as stroll through town performing. There is amazing hot chocolate to be had at the Even Keel, unique Nantucket gifts to be bought, and island craft fairs to be experienced. If you are feeling like a bit of a Grinch this year, treat yourself to some holiday magic and visit our festive island.
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REAL ESTATE BUZZ
  Neighborhood Spotlight: Miacomet: An undiscovered and undervalued gem!

For Buyers looking for a little known spot with loads of potential, Miacomet may be that hidden gem. This sliver of an area runs between Surfside and Cisco and is accessed via Hummock Pond Road, Bartlett Road or Miacomet Avenue. This area is in close proximity to the Miacomet Golf Course, Miacomet Pond, Cisco Brewery, Bartlett's Farm, the Fish Market, Ladies Beach, and a soon to be added new bike path. Currently there are 19 listings on the market between the prices of $449,000 and $2,275,000. There are 5 land listings. JPFCO feels the Miacomet area is brimming with potential, please let us know if we might schedule a showing for you.
 
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RENTAL BUZZ
  Rental word on the Street...Centre street that is.

What are we hearing about... 2011 rates: For the most part 2011 rates are remaining much the same as they did in 2010, and much the same as they were in 2009. That is right, we are seeing 2-3 years without any increases from realistic Owners who do good rental business.

Advance Bookings: They seem to be up up a bit. We are seeing a slight increase in advanced Tenant planning and early commitment. Many Owner updates are coming in with weeks already unavailable.

Rental Supply: There seem to be approximately the same amount of rental houses available for 2011 as there were for 2010. Some areas continually have low supply, Homes located in 'Sconset, Cisco, Brant Point and good quality houses with pools continue to be somewhat rare.
 
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  Keds

'I find that offer insulting.' Give me a break. There's no such thing as an insulting offer. Laughable, but not insulting. If you don't like an offer, simply strap on your turbo charged Ameche boosters (Keds) and go on your way. Many is the man who wishes he had accepted that 'insulting' offer. Sure it's hard to get a steal, particularly in places like Nantucket and Boca Grande, but what was fair market value one year, can in fact, due to massive appreciation, turn out to be a steal in later years. Appreciation and inflation are not the same. The first has to do with supply and demand and the second is governed by fiscal policy. Hidden gems. They exist. Bijoux, said he, in his best francophillatic style. Look at all the financial ingredients for buying, and I think you'll agree, the time is nigh. So make a go of it, Mate.
 
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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