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JPFCO

Nantucket Real Estate Updates

Mar 15, 2015       Issue: 302

J Pepper Frazier Company
Frozen Birdhouse
 
 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
 

GROUND NOTES FROM DALTON
  Go-Go

The Nantucket Real Estate Market continues to swing. Given the historic low interest rates and the historic high stock market, demand for real estate is high. 2014 had the highest transaction volume since the go-go years of 2003 - 2005. Couple the strong demand with extremely low supply and Econ. 101 tells us values are going up. Inventory peaked in 2009. This time in 2009, there were approximately 520 available listings. Right now, there are 268 available listings - nearly half of the peak! After having a few flat years between 2010 and 2013, the appreciation last year and this year thus far is noticeable. In 2013, the median sale for a single-family property was $1,200,000. In 2014, $1,465,000. And thus far in 2015, $1,778,750. Unless an unforeseen factor chills the market, we believe 2015 will be another strong year for Nantucket real estate.

"It don't mean a thing, If it ain't got that swing." - Chuck Brown
 
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LET'S MAKE IT HAPPEN WITH PEPPER II
  Furnishings

Team JPFCO time to make it happen again. The time of year is here when rentals are right around the corner. We have a Buyer whose target property is nice enough to rent/use this summer and pull in a couple hundred G but the plan is to renovate this Fall. The Seller would like to sell the furniture but wants a couple hundred G. So now it is time to make it happen. We suggest the Seller lease the furniture to the Buyer for $1 until Sept.15th, 2015. In return the Seller gets their price and the Buyer gets a house ready for rent and use the summer of 2015. This is how we made it happen and We are looking forward to helping You make it happen!!!
 
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RENTAL MARKET UPDATE
  Nashaquisset

J Pepper Frazier Company is proud to be the new rental managers for the community of Nashaquisset. Nashaquisset is a lovely private village with brick sidewalks, winding roads and charming well cared for homes. Tenants can also enjoy the pool, sun deck and hard-tru tennis courts. Wether you're taking a family vacation or just need a romantic getaway Nashaquisset has something for everyone! The following listings still have some prime summer and shoulder season weeks available.

http://www.jpfco.com/nantucket-rentals-vacation-houses-17-Washaman-Avenue-Nashaquisset-nantucket-ma-1720.html
http://www.jpfco.com/nantucket-rentals-vacation-houses-6-Paupamo-Way-Nashaquisset-nantucket-ma-2663.html
http://www.jpfco.com/nantucket-rentals-vacation-houses-12-Netowa-Lane-Nashaquisset-nantucket-ma-2656.html
http://www.jpfco.com/nantucket-rentals-vacation-houses-9-Autopscot-Circle-Nashaquisset-nantucket-ma-2606.html

If you would like to book your Nashaquisset vacation or have any questions regarding the community please contact our rental concierge Jeanne Caspe at 508- 633-9376 or Jeanne@jpfco.com.
 
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FEATURED LISTING
1 Marcus Way $2,700,000

Sweeping water views can be enjoyed from this well-appointed 4-bedroom 3.5 bath home in Tom Nevers. Built in 2002 this home features numerous custom finishes, expansive yard and gardens, hard wood floors, central AC, Custom designed closets by California Closets in all of the bedrooms. Just a short walk to the beach, this property is meticulously maintained, and thoughtfully landscaped with multiple decks, covered porches and brick patio. Excellent rental history.
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NANTUCKET REAL ESTATE NEWSWIRE
» 2015 Beach & Parking Permits Available
» Stop & Shop Fire
» How the Steamship Authority Makes & Spends Money
» Grey Lady; New Nantucket Restaurant
 

NOTES FROM PEPPER THE ELDER
  John Kerry giving a speech in a 'Johnny'

Great. Thanks for asking. I don't know how long. Four or five months. I just do as I'm told. It's about time. Very funny. Such is the small talk one encounters after an operation of major scope. In my case, open heart surgery. A success, I believe. At least I don't see any of my adversaries doing celebratory dances outside. Such classics as 'Mashed Potatoes', 'The Peppermint Twist' and, of course, 'The Freddy.' Long favored by Irish Chieftains and devotees of coloring books everywhere. I've often wondered why filling in a coloring book wasn't part of the real estate brokers' exam. Too difficult, I guess. But once they get past the Lego section, they should be ready.

All said, I was very pleased with The Venice, Florida Hospital. I thought everything was top notch and very quiet. They can clone a sheep, but they can't make any improvement on the 'Johhny,' the prototype hospital bath robe. Operated on Weds and out on Sat. Pretty amazing. Florida has a wonderful system, where the Home Care professionals, the Nurses and Physical Therapists, come to your house. It's great. I do get tired though, which I guess is par for the course. I don't even have to put on my John Kerry speeches to go to sleep. In fact, if I did I trust I'd slip into a coma. Well, I guess the Arabs are resting well. We got ourselves a couple of 'red' hot real estate markets in Nantucket and Boca Grande. We'll see if we can figure them out 'next' time.
 
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JPFCO | 19 Centre Street Nantucket, MA 02554

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