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JPFCO

JPFCO REAL ESTATE BUZZ

Jan 15, 2011       Issue: 177

J Pepper Frazier Company
A Bi-Weekly Newsletter About Nantucket Real Estate.
 
 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
  Nantucket Ponds

Nantucket beauty is not limited to ocean views. This amazing island has 6 major ponds, Hummock Pond, Miacomet, Squam, Sesachacha, Tom Nevers, and Capaum Pond. Fishing, kayaking, swimming, and wildlife observation is possible from all.

Hummock Pond is a large pond on the south shore, it is narrow and one of the deepest on Nantucket. It is great for kayaking, but is prone to strong south to southwesterly breezes. Miacomet Pond is a narrow, slender pond also on the south shore. On average the pond is approximately 100 yards wide, and maximum 28 feet deep thus giving the appearance of a river. The southern end of the pond is a sandy beach. Squam Pond is located in Squam/Quidnet. It is the perfect swimming pond, and once a year is opened to the ocean. Sesachacha (pronounced Sah-kah-cha) off Polpis Road is a good spot for bird-watching. It's circled by a walking path that leads to an Audubon wildlife area and is separated from the ocean by a narrow strand on its east side. It provides a good view of Sankaty Head Lighthouse. Tom Nevers Pond is located between Low Beach road and Wanoma Way. This is a breathtaking spot with little access. Capaum Pond on the north shore of Nantucket Island this was the original harbor and settlement of the Town of Nantucket in 1671 and is incredibly picturesque.
 
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REAL ESTATE BUZZ
  2010 Year in Review

The Nantucket Listing Service put out the following year in review statistics.

2010 brought 309 home sales vs 2009's 206. There were 43 land sales vs 2009's 30 sales. Including commercial home sales the total 2010 number was 364 transactions versus 2009's total of 238 transactions.

2010 homes sold for 90.29% of asking price, and 88.66% of assessed value.

Drumroll please...The overall $ volume for 2010 was at $694,253,000.
 
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RENTAL BUZZ
  Ferry Tickets

Beginning on Tuesday January 18, 2011 prepaid real-time general public vehicle reservations can be made for the Steamship Authority ferry boats on their website (payment required), or via usps mail. Reservations will be processed as received. On Tuesday January 25th, the steamship will start accepting reservations via telephone, or walk-up. For Steamship Authority updates, sign up for their "Travel alerts and enews" on their website.
    Steamship Authority Link  
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  Panama Adventures

Just back from Panama. The place is hoppin'. There must be 10 high-rises over 50 stories currently under construction in the City. Went to check on our property in Bocas de Toro (We have 50 acres on the Caribbean). The first night we stayed at this widely acclaimed resort. It was an absolute dump. Playa Tortuga. Well let me tell you, I don't know all that many turtles, none I call bosom buddies, for example, but I doubt that any self respecting turtle would stay at this joint. However, Bocas is still a great little surfers' town with some very good restaurants and a decent mini hotel, Tropical Suites, where we matriculated after being extradited from the beak of the turtle. The Bocas' infrastructure has improved markedly. From there on to Villa Camilla; written up in travel magazines every where. Somebodies on the take. The Architect, whom I believe is also the Owner, was either on speed, coke, or chronically drunk. It made me wish for a return to the turtles. From there to the Bristol at Buenaventura. A first class venture. Two years ago, they 'speced' 80 villas at a mil each and they sold every single one. None on the water, or even water views. They also own the Bristol in P.C. which to my mind in the best hotel in Panama. So don't be intrepid when you see the name Bristol, but, as always, beware the Tortugas.
 
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