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JPFCO

Nantucket Real Estate Updates

Feb 15, 2016       Issue: 327

J Pepper Frazier Company
Winter Kayak Rentals at Washington Street Extension
 
 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
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How's the Market?
If January were a telltale for the rest of the year, I would predict we are on track for a record year (which would be total volume over $1.2bn). However, January historically is a good, but not a perfect, indicator of how the market will perform. Here are the approximate total volume numbers for January and the entire year over the last few years:

2011, $17mm/$532mm
2012, $21mm/$830mm
2013, $28mm/$760mm
2014, $63mm/$1bn
2015, $74mm/$850mm
2016, $95mm/???

Knowing our pipeline of deals and seeing a slight correlation between January and full year numbers, my answer is, the market is strong.
 
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LET'S MAKE IT HAPPEN WITH PEPPER II
  Orange PVC

The weather is here and so are the Buyers. Team JPFCO was dealing with a deal that had building envelopes. The building envelopes were not a large encumbrance but still none the less they were in place and made the Buyer skittish. Time to make it happen JPFCO style. We went and took PVC piping to equal the area the Buyer could build. We painted the PVC with orange paint and asked permission from the neighbor to allow their soon to be neighbor the ability to view the painted PVC pipes. The Buyer realized the little impact that the building envelopes had on the property and team JPFCO makes another deal happen.

Stay warm and call JPFCO if you want to make a deal happen!!!
 
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RENTAL MARKET UPDATE
  Baby it's Cold Outside

Winter on Nantucket has arrived! Monday, February 8th brought the blizzard that hit Nantucket hard most of the day. Sideways blowing snow, high winds, flooding, power outages and no school! This past weekend brought frigid below zero temps with dangerous wind chills.

With school vacation coming up this weekend, many are looking forward to warmer waters and warmer temperatures. We know the cold winter days seem endless but spring and summer are just around the corner and we are busy booking vacation rentals.

The following homes are new to our rental program with many prime open weeks. Our JPFCO team is always in the office and ready to answer your questions. We are here to help make the rental process as easy as possible and to provide the best fit for your Nantucket vacation experience! Give us a call today at 508-228-3202.
    6 South Shore Road    1 James Street    16 Sconset Avenue  
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FEATURED LISTING
15 Black Fish Lane $3,695,000

This property has it all, waiting for your memories to be made. New construction in Sconset with 5 bedroom 5 full bath 2 half bath main house, three covered porches, expansive outdoor entertaining area, carriage house, fully equipped cabana, pool and gas fire pit. Open floor plan with coffered ceilings, wood burning fireplace, mudroom and master suite on the first floor. Ship lap walls, built-ins, wine cellar, finished basement with full sized bar, climate controlled wine cellar, over-sized one car garage with studio, french doors lead to pergola and pool area with custom cabana.
  15 Black Fish Lane 
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NANTUCKET REAL ESTATE NEWSWIRE
» Demand for Summer Rentals is UP
» Blizzard Wipes out West End Road
» New Sewer System to Cost $41 Million
» Nantucket's Own Howarth & Trainor Up for Grammys
 

NOTES FROM PEPPER THE ELDER
  Lent

This is tough. What to give up for Lent? I just don't think I could last 40 days without hearing Julius LaRosa or seeing a Ritz Brothers movie. No Oprah? Too much of a shock to my system. No Bocci? No Marmite, not to mention Marzapan? I just don't think I have the fortitude. I mean Carrying the Cross for the Boss is one thing but forgoing the WWF is another. Wait. I've got it. I'm going to give up Regis Philbin. But wait; there's more. If I make my commitment right now I'll tack on an additional 1,000 days. That's right. All for $9.99.

Boy am I glad that is over. Speaking about commitment time is running out for those who haven't 'locked in' next summer's Nantucket rental. Granted it won't be $9.99 but inventory is being rapidly depleted. Be quick. Do you think I'll have to wear some sort of ankle bracelet/monitor to make sure I don't cheat on the Regis thing? Yeah, I know. No peeking.
 
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One of the oldest and most experienced nantucket real estate
JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202