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JPFCO

JPFCO REAL ESTATE BUZZ

Jan 15, 2012       Issue: 210

J Pepper Frazier Company
 
 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
 

NANTUCKET REAL ESTATE BUZZ
ASSESSING 2011 WITH A EYE TOWARDS 2012

In 2011 the market started strong, barreled into summer and then slowed down with the European debt crisis.

The main difference between 2010 and 2011 was the number of sales over $10 million. In 2010, there were nine with a median price of $15.5mm compared to three in 2011 with a median price of $12.6mm. When these pricey listings are taken out of the equation, the last two years are comparable.

2011 Totals:
-- $530mm total volume
-- average sale price $1.5mm
-- median price $1mm.
-- total number of transactions was 345

The rental market was up significantly, approximately 25% for our office.

As we start 2012:
-- 438 properties actively for sale (versus 430 in 2011)
-- 50 with an accepted offer or signed P&S (versus 36 in 2011)

All things are pointing to a good year in 2012 for Nantucket real estate, especially as the rental market continues to provide added support for buyers and home owners.
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RENTAL MARKET UPDATE
  STEAMSHIP RESERVATIONS & PRIME DATES MOTIVATE RENTERS

August rental availability goes fast as do all the good rentals. GroupOn doesn’t fly on the rock and there are no last minute deals. Inventory goes fast at the start of every year as summer plans come into view.

Plus a Saturday car reservation in August is the Nantucket gold standard. Prime time hassle free arrival and departure has its rewards! For those of you with husbands who always wait till the last minute, this is your chance to right the ship. Don’t wait and buy your boat tickets when they go on sale next week.

Give us a call with your dates and we can get you a list of options to shore up before Steamship tickets go on sale Tuesday January 17th
    Search Rentals    Contact JPFCO    Steamship Reservations  
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FEATURED AGENT
DALTON FRAZIER with his wife Jennifer: Nantucket Harbor

Dalton's favorite thing about Nantucket is the different beaches you can go to depending on which way the wind is blowing. He loves her sheer beauty, the wild sea life and the people who live and vacation here. Dalton lives in Cliffside with his wife Jennifer.

Dalton's Island Quick Tips:
-- Restaurant: Le Languedoc
-- Lunch: Centre Street Bistro
-- Beach: Coatue
-- Fishing Hole: Bonita Bar
-- Beer: Cisco Brewery IPA
-- Last Call: The Boarding House
-- Sunset: Eel Point
  Dalton's Bio    Email Dalton 
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NANTUCKET REAL ESTATE NEWSWIRE
» Vineyard Hotelier Buys Point Breeze
» Plum TV Chapter 11 - Sells to Investor Group
» Dolphin Spotted in Nantucket Harbor
» Cape Wind Unlikely to be done by 2015
 

NOTES FROM PEPPER THE ELDER
  LET'S SEE IF NANTUCKET FOLLOWS BOCA GRANDE THIS YEAR

Well. Well. Who would have thunk it. The three people who got my trivia question right were all real estate brokers, which leads me to one of two conclusions: Either real estate brokers are incredibly bright or they have two much time on their hands.

38 players have stolen home 10 times or more in their careers. Two of them were teammates and great sluggers, name the two?

The judgement is yours and the correct answers are Ruth and Gehrig, not exactly guys you picture stealing home.

Now to the good stuff: Boca Grande real estate volume was up 67% for 2011 and of more importance, the median price was up around 10%.

As I've said repeatedly Boca Grande and Nantucket mirror each other, not only in real estate values but also in temperament. In other words as Nantucket is to Boca Grande, Palm Beach is to the Vineyard. Very different ways of life. You'll see far more Don Ameche style mustaches in Palm Beach than you will in Boca Grande. And on Nantucket, of course, they would need H.D.C. approval.

So things are looking good for 2012.

Pepper's Trivia:
In 1969 R.B. Gleaves had a hit single , 'Take a message Maria.' Who was R.B. Gleaves' uncle?
 
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JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202