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JPFCO

HAPPY NEW YEAR!

Jan 1, 2012       Issue: 209

J Pepper Frazier Company
A Bi-Monthly 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
 

REAL ESTATE BUZZ
Last In, First Out

I used to quiz my dad on the Nantucket real estate market. Is Nantucket a good investment? Why are people buying? Where’s the market now? Does it really go in cycles? Etc. Two fundamental points he always made were, 1) in the long run, yes this market always goes up and 2) the market does go in cycles, but Nantucket is always last one in, first one out. Having been on the ground for the “last one in” segment, I can personally confirm that’s true, but I haven’t been on the ground for “first one out” segment, yet (I was spoiled early on in my career). However, now, I think I am witnessing the “first one out”. The early signs of this were smart people were buying and spec. builders were starting to build again, among other more subtle indicators. Now, there have been two, huge signs that we are on the upswing. 1) A developer, Mark Snider, has entered into a purchase and sale agreement to buy the Point Breeze. The Point Breeze epitomized the housing bubble on Nantucket. Nice work, Mark! He understands the fundamentals of Nantucket real estate.

2) The yearly “red ticket” raffle, where a consumer gets one red ticket per $25 spent, is up 14% +/- YoY ($9.1mm in 2011 compared to $7.97mm in 2010 in revenue for participating merchants). One could say this is almost a baseless assumption, but I tend to believe that sometimes too much info. blurs the picture and better to go with what is clear. I’m ready for another Nantucket Sleighride! Happy New Year!
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RENTAL BUZZ
  After the Holidays

It is clear that families have gotten together over the past few weeks and enjoyed each other's company. We have seen increased rental requests for multi-generational families looking to extend their good times into, in some cases, many weeks of rentals for the summer of 2012. JPFCO, a family company, loves to help facilitate other family gatherings.

Give us a call and let us organize your rental home for your next fun family gathering!
 
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  Happy New Year!

Pepper is enjoying New Years time off with friends and family, but will be back with our next newsletter. He wishes everyone a happy and healthy 2012!
 
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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