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JPFCO

JPFCO REAL ESTATE BUZZ

Sep 15, 2011       Issue: 200

J Pepper Frazier Company
Sheep Pond Beach
 
 New Listings VIEW ALL

Jul 26, 2017

Cliff
$5,975,000

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
Featured Sales listing: 17 Ames Avenue $1,650,000

Fabulous Madaket beach house with awesome views of Hither Creek and Madaket Habor from the deck, living room, and master bedroom. This three bedroom 1 bath home has an amazing rental history. There is additional ground cover available and the possibility of building a large new home or just adding a second floor for incredible second floor ocean views. Just a hop skip and jump to Madaket Beach, Smith's Point, and Madaket Millie's! Plans for a new house were HDC approved in 2005, but have since expired.
  17 Ames Avenue 
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RENTAL BUZZ
  2011 Rental Recap

As the 2011 rental season comes to a close we have noticed a few trends that are worth mentioning. First, leases were way up for 2011, approximately 26% more leases happened in this year over last. Owners who stop in comment on this as well, they say overall it was a great season with generally fully rented houses.

2012 updates are trickling in with the same rates as 2011. Across all sectors of the rental market, most Owners that have given us updates so far are keeping rates the same.

We have already written oodles of 2012 leases. With about 25% of 2012 leases being written the year before we are already booking for repeat Tenants and are definitely seeing some new inquiries.

So, the final recap is if you own a Nantucket rental house, it is time to send in your rates and availability, and if you are thinking of a 2012 beach vacation, it might be a good idea to firm up your dates and give us a call!
 
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  Kardashian

I figured my dictionary might be out of date. An old O.E.D., as it were. So I did the obvious, I bought a new one, a gleaming leather bound lexicon sitting right over there. But alas, my dilemma went unresolved. I still don't know what a Kardashian is. And when I find out, I suppose I'll want to know why it is a Kardashian. Let me tell ya, these are trying times. On top of it, I still have not resolved the matter of what is an Olsen, which I understand come in two packs and three packs. I suspect I'm better off not knowing. Which leads me to: 'Don't judge a book by its cover.' Circuitous, you say? Do your homework and you will see that there are currently more good deals on Nantucket then there have been in the last 20 years. What would you rather have? A house in Brant Point or a bunch of T-bills, with a virtual zero yield? When that old bugaboo, inflation, hits, which one do you think is going to sky rocket in value? I realize people have great trepidation about the economy and that is precisely why it's time to buy. If you add to the equation, that China's economy may be a house of cards (anybody ever heard of Japan and has anybody seen China's books?), it becomes fairly obvious that rock solid commodities are the place to be. More gold and silver will be mined, but every year there is less of Nantucket.

Now back to my search. Anybody have an Armenian dictionary? How do you spell Kardashian anyhow? God, you ask a lot of questions.
 
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JPFCO | 19 Centre Street Nantucket, MA 02554

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