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JPFCO

JPFCO REAL ESTATE BUZZ

Mar 15, 2011       Issue: 187

J Pepper Frazier Company
Inviting Island Driveway in Eel Point
 
 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
 

REAL ESTATE BUZZ
State of the Market

435 active listings available and
43 active listings that are under agreement

Out of the total (available and under agreement) active listings, 8.996% are under agreement. Only in September of 2010 has that percentage been higher, and only by a small fraction, in at least the last three years. That seems to be another clear indicator that the market has bottomed…
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RENTAL BUZZ
  Best Rental Practices

Update us. Availability shows directly on www.jpfco.com, and houses with shown rates and availability get more requests.

Return phone calls/emails. Sounds simple, but usually when Tenants call in to book a rental, they want to know immediately if their chosen house is confirmed available for their preferred dates.

Negotiate...at least a little bit. Tenants are looking for deals, and always appreciate an Owner who will work with an offer, especially multiple week discounts.

Return security deposits. Nothing makes a Tenant more unhappy then being nickel and dimed. If the older grill happened to break during a tenant stay, understand that it may have been the grill's age and not the Tenant and return the security deposit in full.

Following these procedures will result in more rentals!
    JPFCO Homeowner Update  
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NOTES FROM PEPPER THE YOUNGER
  Pepper the Elder is experiencing Internet Issues. Following are notes from Pepper the Younger

With Global crisis on the upswing, Nantucket is the spot to be. Gas prices soaring through the roof make traveling more and more expensive. Unrest in the Middle East and uprising in Egypt make for unlikely travel destinations. Japan and Indonesia rocked by earthquakes and tsunamis make for unsafe travel. If you compare these factors with long pristine beaches, protected harbor waters, 5 star restaurants, many different types of accommodations ranging in price $250k to $27.5MM, a place where one can get away with just a bike all on US soil. These factors will lead to a spike in tourism on Nantucket and fantastic appreciation. If you are thinking about a summer getaway my advice is start looking now because ACK is only on it's way up.
 
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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