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JPFCO

JPFCO REAL ESTATE BUZZ

Mar 1, 2011       Issue: 186

J Pepper Frazier Company
Blue Fish and Striped Bass Beach Fishing at Great Point
 
 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
 

REAL ESTATE BUZZ
Snapping up Good Deals by Dalton T. Frazier

I am noticing a trend in the Nantucket real estate market-good, solid deals are getting snapped up a lot quicker now than the last few years. If a property comes to market at a fair price or gets a price reduction that puts it at or below market, a buyer is there to buy. Take 20 Coffin Street for instance.

Asking $1.995MM, sold for $1.5MM. Scott Whelden from JPFCO heard that the Seller really wanted to sell, so he told a buyer client of his and the buyer said offer the seller x, which he did and they finally settled at $1.5MM. Shortly after agreeing to the $1.5MM, there was a back-up offer for more money because word was out that the Seller was motivated to sell.

Buyers, keep your eyes peeled because there are great deals to be had. Sellers, if you want to sell, you can.
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RENTAL BUZZ
  15,500 Annual Fires

Very few people realize the importance of clothes dryer fire prevention. However, according to the U.S. Consumer Product Safety Commission, there are an estimated annual 15,500 fires due to clothes dryer fires. A recent Nantucket house fire is now included in that number. In some cases faulty appliances are to blame, but many fires can be prevented with proper dryer venting. Excessive lint build up occurs slowly and gradually. Cleaning the lint filter is just not enough. A full dryer vent cleaning should be scheduled every five years.

This is especially important to Nantucket homeowners for 2 reasons- 1) most of the houses on Nantucket are 2nd homes- and routine maintenance can be forgotten about. 2) the vacation rental houses do SO much laundry with linens, towels, beach towels etc...that build up generally occurs.

Contact your Caretaker to ensure your Dryer is in good safe working order.
 
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  Duke Snider

This is a dark day for me. My favorite athlete of all time, Duke Snider, just died, and with his death comes the end of an era. The era of the Boys of Summer, a time of optimism and just plan fun. I was pretty young at the time, but I still got a pretty good view of New York Cafe Society. The Stork Club, El Morocco, and haunts dominated by personalities like Toots Shor, Walter Winchell etc. After closing hours, my parents would routinely have Count Basie, Duke Ellington, Benny Goodman, Gene Krupa and other jazz luminaries over to their Beekman Place apartment, where they would jam, drink, and smoke into the wee hours. What they would smoke, I'm not sure, but I have my suspicions. Death can make you melancholy and remember long gone times. And, nowadays, it seems to me, to quote Wordworth, 'The world is too much with us; late and soon.'

I was going to expound on the explosiuon of commodity prices, and I will next time. I also promise to be cheerier.
 
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