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JPFCO

JPFCO REAL ESTATE BUZZ

Dec 15, 2010       Issue: 175

J Pepper Frazier Company
JPFCO 2010 Office Party
 
 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
The Nantucket Holiday Gift

Nantucket is feeling festive this year with many great products to please those with a love for the island this Holiday season. Notch Scotch is a popular whiskey from 888 distillery, or there are many amazing blends from one of the other local wine shops. A pair of "Nantucket Reds" from Murrays, butter from the Nantucket Butter Company, or candy from the Nantucket Candy Company. What about a gift certificate to get to our beloved island? Cape Air, The Steamship Authority, and Hy-line all have options this season. Or for the truly generous, how about a gift of Nantucket real estate? Possibly a summer rental week? JPFCO would be pleased to assist Santa this year!
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REAL ESTATE BUZZ
  December Numbers

In December 2008, there were 628 total properties listed and out of those, 17 had accepted offers or were under agreement, 2.7% of the total market.

In December 2009, there were 630 total properties listed and out of those, 33 had accepted offers or were under agreement, 5.2% of the total market.

In December 2010, there are 593 total properties listed and out of those, 54 have accepted offers or are under agreement, 9.1% of the total market.

So, the numbers, falling inventory and rising number of deals, are clearly showing that the Nantucket real estate market is strengthening. Now could be the golden opportunity for buyers while the interest rates are still low and the market is at the bottom…
 
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RENTAL BUZZ
  Wi-Fi

What does every Renter want these days (besides a discount)? They want Wi-Fi!!! This is a must have in a successful Nantucket rental home. Wi-Fi, for those technologically challenged refers to wireless connectivity to the Internet for laptops, and other digital equipment. There are many rental homes that still require a network plug to make the Internet work. In this always changing digital age, Wi-Fi is the new expectation. This can be a quick upgrade to your systems, JPFCO can recommend Around the Point computer consulting.
 
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  Long Shot?

Lenny Dykstra was a very decent center fielder for the Mets and the Phillies. Recently (last week I think) he lost his 12,000 sf home in California to foreclosure. The winning bid was about $750,000, and his original cost was $16,500,000. It's current valuation is $14,000,000. How did this happen? I don't know. But I do know there are great values out there. And I also know that you'll never find out unless you make offers. Remember there are no insulting offers. Bankers have a different profit model and perspective. They don't have any skin in the game, as it were. So break out the tire-kickers and start making offers. Every now and then you'll hit one out of the park, and at the same time you're creating activity which can generate excitement and can prove immensely valuable to the seller. So kick away. Talkin' about kicking- how about them Pats?
 
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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