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JPFCO

Nantucket Real Estate Updates

Aug 15, 2015       Issue: 313

J Pepper Frazier Company
August Yachts at the Nantucket Boat Basin
 
 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
  Up, Down, All Around

Although the last few weeks have shown sluggishness at certain price points, the market as a whole continues to move up. Year to date total volume is $427mm. This is the same YTD volume as the market was at on July 27th of last year. So, the market is lagging last year's billion dollar pace by about 3 weeks or $27mm (this time YTD in '14, the volume was $454mm), but remember, the market got off to an icy start as storm after storm came weekend after weekend last winter. So, will we catch the billion dollar pace?

It's going to be another nail biter. Right now there are 98 properties listed as under agreement, which is 8 ahead of last year. With an average sale price of around $2mm, that is $16mm more under agreement. Time to wrap a scarf around my head, put on my jewels, go into a dark room and become a fortune teller... The market largely tracks last year, but catches and possibly exceeds; another $1,000,000,000+ year.
 
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LET'S MAKE IT HAPPEN WITH PEPPER II
  $1

What a Summer we are having on the gorgeous Island of Nantucket. Real Estate is popping, the sun is rocking and more clients are knocking. We are selling a great property but the Seller cannot close until after the Summer but the Buyer wants to use the house this Summer. Time to make it happen JPFCO style.

We come up with a plan for the Buyer to lease the property for a $1.00 once the purchase and sale agreement is signed and the funds are hard. The Seller and Buyer agree. The Buyer gets to enjoy this wonderful weather, the Seller is assured of a non-refundable 10% deposit and this is how JPFCO makes it happen on a nice August day. We at JPFCO are here 24/7 365 to help make it happen for you.
 
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RENTAL MARKET UPDATE
  RE-Booking 2016

With a fantastic Boston Pops concert on the Jetties behind us, Nantucket Race Week well under way and our great summer intern Jo-Jo returning to college we here at JPFCO can't believe how fast this summer is coming to an end and that we are already looking forward to 2016!

We have already been busy booking return tenants who want to make sure they get first dibs on their favorite summer weeks. It is never too early to re-book!

With that being said we would like to ask our homeowners to take a moment to get us their open 2016 weeks and weekly rates. Please click on Owner Update  to fill out your updates.

On a different note, we sometimes recommend certain vendors/companies that we think do a good job helping to customize and create individuality in our Nantucket homes. JPFCO would therefore like to recommend Artistic Wood Shutter Company. Their custom wood shutters are both unique and beautiful! Please take a moment to visit their website at the below link.
    Artistic Wood Shutter Company  
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FEATURED LISTING
87 Goldfinch $1,275,000

Beautiful, just completed, high end four bedroom four bath stick built home with abundant landscaping, outdoor shower, air conditioning and all high end amenities. The living and dining area is complete with a New England Stone gas fireplace for warmth and coziness. This home is amazing quality in a great Naushop neighborhood. The first floor has high ten foot ceilings and the second floor boasts cathedral ceilings. The master suite has a double steam shower room along with a beautiful tub and is luxuriously oversized. The home is being offered fully furnished with unique antiques and brand new sofas and beds. This is a must see for a buyer with high end tastes who wants Naushop.
  87 Goldfinch 
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NANTUCKET REAL ESTATE NEWSWIRE
» Nantucket Apartments
» Nantucket Sand Castle Constest
» Swim Across America
» A Chef's Tour of Nantucket
 

NOTES FROM PEPPER THE ELDER
  Duke Kahanamoko

Recently, I've been equating buying Nantucket real estate with 'catching your wave.' I like the correlation. Jack London, he of Sea Wolf and Call of the Wild fame, and a man closely associated with hard scrabble living and heavy drinking, (I don't know for sure he was a big drinker, but if he wasn't, he should have been), wrote of his 'ecstatic bliss at having caught the wave.' There is a certain degree of satisfaction and yes, smugness, when you purchase your first Nantucket property.

Now you watch with some glee, and not horror, as the market, just like the sea, rises and rises and...So now is the time to wax down your board and hit those heavies. If Agatha Christie, yes, that Agatha Christie, and King George VII could catch a wave, so can you. Both, by the way, both were taught by a man many consider the greatest surfer of all time: Duke Kahanamoko. The Duke also had two olympic gold medals in swimming. Surfing was the sport of kings, reserved mainly for royalty. Duke was not a nick name. In a way, so is Nantucket. There are plenty of swells (double entendre) out there. Go catch one.
 
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JPFCO | 19 Centre Street Nantucket, MA 02554

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