view this online | email to friend | view past newsletters
JPFCO

Nantucket Real Estate Updates

Nov 1, 2015       Issue: 319

J Pepper Frazier Company
Madaket Sunset
 
 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
 

GROUND NOTES FROM DALTON
  Price To Sell

After a very strong 2014, memories of the heydays were shining bright and sellers came out of the woodwork not wanting to miss the next Nantucket real estate boom (inventory numbers jumped about 30% from '14 to '15). However, many sellers misjudged the trajectory of property appreciation and priced their properties too high (forgot to listen to their broker). Buyers recognized this and did not take the bait. Sellers are accepting this and adjusting their prices. In October, there were 48 price changes down. In October of '14, there were 11; October of '13, 9; October of '12, 15. Have no doubt, the market is very healthy, deals are happening and values are steadily going up, just not at the breakneck pace of '04-'07. My prediction of another $1,000,000,000 year will probably not come true (back to fortune telling school), but the year will probably end around $900,000,000, which is still very strong.

Keep your eyes out for Nantucket Bays - commercial scallop season opens today. Yum...
 
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
 

LETS MAKE IT HAPPEN WITH PEPPER II
  Trick or Treat?

Well I am in for a treat, I am off to Bermuda (where my Mom aka Mumbo grew up) with my family to meet up with the rest of the crew for Mumbo's 70th Birthday. Bringing everyone together is how Mumbo makes it happen. Love You Mumbo!!!
 
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
 

RENTAL MARKET UPDATE
  Rates & Dates

It's Fall and traditionally, this is the time of year to take a deep breath, return security deposits, and put rental houses to bed. Believe it or not, it is also the time to start planning for the next season! Last year we did 30% of bookings for the 2015 summer in the last few months of 2014. There is high demand this time of year! This year we are seeing the same volume of requests, if even slightly stronger. Tenants are learning that waiting until the last minute doesn't get them the deals they were after, it instead gives them lack of choices!

As a whole, we saw rental home owners increase rates going into 2015. We would say rates went up an average of 10% for this past season. This was really the first substantial increase we noticed that had taken place in several years across all rental segments. Overall we saw Tenants respond well to the increases, although the very budget conscious were frustrated with their (lack) of options available. 2016 rates are trickling in at 2015 cost levels.

Overall the Nantucket rental market is very strong and has a positive outlook for 2016. This coupled with JPFCO's brand new and hugely improved rental database, says JPFCO is the Agency to use!
 
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
 
FEATURED LISTING
52 Sankaty Road $1,950,000

Private Sconset house with sweeping views of Sankaty Golf Course. Open living, kitchen, dining with wood burning fireplace. Great southerly exposure fills the house with light. Wood floors throughout and cathedral ceilings in the main living space make for comfortable living. Located off Sankaty Road down Mettinghouse Lane abutting Sankaty Golf Course. Over-sized lot with room for expansion.
  52 Sankaty Road 
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
 
NANTUCKET REAL ESTATE NEWSWIRE
» Nantucket Fall Travel Guide
» Fast Ferry from New Bedford to Nantucket
» Nantucket Bookworks Reopening
» CraftMasters Owner Drowns While Scalloping
 

NOTES FROM PEPPER THE ELDER
  Goslings

Took a sojourn to Bermuda last week. And let me tell you something Mate, real estate is hopping, really hopping. Doing the Freddy, The Watusi, The Mash Potato, The Chuck Berry 'Duck Walk' and Alligator ('Gator) all at once. Not even Fred Astaire or Gene Kelly could do that. Not to mention Nervous Norvous. The new political powers are capital friendly, eliminating or reducing all sorts of taxes and fees and the positive effects are, shall we say, very positive indeed. All sorts of commercial activity. I would say that it is almost impossible to touch a good house for under 5 mil. Some very good new restaurants. I was skeptical that they could pull off The America's Cup Trials. But they did. With flying colors. Very organized and well run. As predicted the two major presences were the boats themselves and Gosling rum with about 9 bars lining the harbor. So it's off to Bermuda again next week. This time for Libby's birthday, which is going to be a family affair. Until then for God, The Queen and Goslings.
 
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
Your Title Here

Your Text Here
 
HOME  |  REAL ESTATE  |  RENTALS  |  NANTUCKET  |  JPFCO  |  NEWSLETTER

One of the oldest and most experienced nantucket real estate
JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202