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JPFCO

Nantucket Real Estate Updates

Jun 1, 2013       Issue: 252

J Pepper Frazier Company
A Walk in Tom Nevers
 
 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
 

GROUND NOTES FROM DALTON
2.4% of Houses For Sale on Nantucket

There are a few houses on ACK for sale, about 325 (including condos and excluding land) to be more specific. Is that a lot? Well, there are approximately 13,500 properties on Nantucket, so roughly 2.4% of houses on Nantucket are for sale. 2.4% does not sound like a lot, however, interestingly enough, 2.4% is above the national average. According to National Association of Realtors, there are approximately 1,978,000 houses (including condos) for sale and according to the US Census Bureau, there are approximately 132,312,404 housing units in the US. So, roughly 1.5% of houses in the US are for sale.

That's interesting, but keep in mind most US houses are people's primary houses and most Nantucket houses are people's second+ houses. So, better comparisons would be the percentage of US second+ houses on the market compared to the percentage of Nantucket second+ house on the market and the same comparison for primary houses. If I were a betting man (haha), I would say Nantucket would have a lower percentage in both categories; once you have a piece of the Rock, you don't want to let go...
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RENTAL MARKET UPDATE
  It's here!

The start of the season that J Pepper Frazier Real Estate has been preparing for all year. Not like our job is done by any means. With the arrival of our many Tenants and Homeowners our job evolves from event planner to host. We consider this island our home and in true hospitality fashion we want to make sure everyone has a good time. We are pros at fixing problems, negotiating situations, and recommending other helpful folks like concierge services and equipment rental services.

In addition to finding our Tenants the perfect rental, we are also available to find Tenants the perfect house to purchase. Besides being able to show any property listed for sale on island, we can also expertly outline how to choose a good investment if rental income is the goal. We like nothing better then turning our Tenants into Homeowners!

Happy Start to the Summer Season!
 
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FEATURED SALES LISTING
1 Pochick Avenue $7,995,000

This stunning compound sited on over 5 acres of professionally designed and landscaped land. The property features a gracious six-bedroom main residence, a fully equipped cabana house overlooking the magnificent infinity edge pool, which overlooks the Weeweeder marsh, a five-bedroom guest house, a carriage house with a one-bay garage and studio/office above, the ultimate entertaining barn with commercial kitchen, an enclosed and raised vegetable garden, a pristine formal English garden and lots of outdoor living areas. This property is a very rare offering and not to be missed!
  1 Pochick Avenue 
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NANTUCKET REAL ESTATE NEWSWIRE
» State Approves Downtown Parking Lot
» Figawi 2013 Island Business was Record Breaking
» Train Service to the Cape!
» 2nd Annual Nantucket Yoga Festival
 

NOTES FROM PEPPER THE ELDER
  North to Nantucket for 2013!

Off to Nantucket tomorrow; pack up the dogs and the birds and off we go. Don't forget Libby. Leave behind a bird or two, but don't, whatever you do, forget Libby. The consequences would be dire and in all probability my voice would be raised a few octaves. We'll try to make it to Santee, S.C. the first day. It's always tempting to go to Charleston, a truly great small city, but once we're (We're? Oh No! Did I forget Libby?) on the road, we're in a hurry to get to Hyannis. Why in the world would anybody be in a hurry to get to Hyannis? Well in our case, it's because it's a means to an end, and the only way to get a car to Nantucket.

No need to check on Charleston real estate. We know it's going gang busters. The second day we'll try for Connecticut. Connecticut is one of the toughest states to find accommodations for dogs, but we know of a few. It's going to be interesting because for the first time we're going to hit D.C. on a Sunday and it's possible, just possible, that the beltway won't be a mess. On the third day we have a 3:00 PM ferry to Nantucket, where, I understand they're having a pretty nice spring. It doesn't happen with any regularity, but a Spring with clement wether in Nantucket is pretty special.

See you on Island, and if you don't see me, it means I forgot Libby.
 
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