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JPFCO

Nantucket Real Estate Updates

Sep 1, 2016       Issue: 340

J Pepper Frazier Company
Race Week's Rainbow Parade
 
 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
$2,150,000
 
 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
  What Does It Mean When...

The longest actively listed property is under agreement or when a property on Washington Street with an asking price of right under $5mm is under agreement or the total volume year to date is far beyond where the last billion dollar market was at this same time? Means we are in a strong market where buyers and sellers have reached an equilibrium and deals are happening. After 10 years, a property on York Street is under agreement, but the seller finally got realistic and the buyer saw opportunity. A gorgeous house just came on the market on Washington Street for right under $5mm and went under agreement almost right away - why not - unobstructed views of the harbor coupled with a skillfully executed build-out. Sold sales volume YTD is currently just above $525mm - 5% higher than our last billion dollar year. We are in an amazing market to sell because prices are strong, but an amazing time to buy because prices are not artificially high and purchasing power is at an all time peak.

Forget another billion dollar year; we're headed to record territory...
 
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LET'S MAKE IT HAPPEN WITH PEPPER II
  Camaraderie

Making it happen brings in team work which then forms camaraderie. Whether it be between a client, another broker or in most instances both; A relationship is born. A true JPFCO motto is: Our clients are our friends and our friends are our clients. Out on the water a friend mentioned that the house they are living in is being sold and their lease is up. Time to make it happen JPFCO style. We find a house in budget but yet still a stretch this year for our client or friend or one in the same. We ask the friend/client to lease their house to our client/friend for a year with an option to buy at the end of the year. The friendly clients do a deal and we make it happen again. JPFCO style.
 
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RENTAL MARKET UPDATE
  Jump in the water is fine! And Warm!

There is nothing like September on Nantucket! Beautiful beach days with warm ocean waters, Indian summer breezes and cool evening strolls on Main Street (bring a sweater). Restaurant reservations will be easier to come by and folks are picking berries on the bike path and tomatoes at Bartlett Farm. We are busy booking rentals for Summer 2017 but if you are looking for a glorious week in our shoulder season or a long weekend this fall we are ready and able to help with that.

Getting to our fair Island has also become a lot easier. We now have several ferry lines that service the Island. Steamship and Hy-Line Cruise Line continue to run service from Hyannis. In addition, "Seastreak" runs seasonal service from New Bedford and New York/New Jersey and Freedom Cruise Line runs seasonal service out of Harwich Port.

Whether arriving by boat or by air, we are always in the office to help with your Summer 2017, shoulder season, wedding weekend or long weekend fall rentals, your rental bag awaits! Enjoy this new comfy in Town Loft for a week or a long weekend. Steps from the Hy-Line ferry dock, restaurants and Main Street. Please contact J Pepper Frazier Company for all your rental needs. 508-228-3202.
    Harbor Lofts at Straight Wharf  
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FEATURED LISTING
36 Walsh Street $2,795,000

In the heart of desirable Brant Point, The Great Escape is the quintessential Nantucket beach house. It is just steps from the Henry Street beach path, one block from prestigious Hulbert Avenue, blocks to Jetties Beach, Children's Beach, the White Elephant Hotel, and the Brant Point lighthouse. Just a five minute walk to Nantucket Town for amazing restaurants, museums, private clubs, churches world class shopping, and cultural events. Location Location Location! The Great Escape is entirely turnkey, having been remodeled in 2014 by local craftsmen and professional interior designers. It is bright and sunny and surprisingly spacious. It has 4 bedrooms/3 baths, a new master bedroom/bathroom with a deck & harbor views, a new kitchen with Viking appliances, generous built-ins & custom spaces, private parking, front & back yards with privacy hedges, a porch with a swing, an outdoor shower, and a blend of Nantucket charm with modern touches. It even comes with bicycles for the whole family! This is a rare and exceptional value in Brant Point. It has a solid rental history of $100,000+ for only July, August and September (the owners have used it in June, October, and for many holiday weekends.)
  36 Walsh Street 
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NANTUCKET REAL ESTATE NEWSWIRE
» Nantucket Cottage Hospital Donation
» 106 Surfside 40B Withdrawn
» Nantucket Civic League
» Kardashian Nantucket Rumors
 

NOTES FROM PEPPER THE ELDER
  Time to take down the autographed picture of Bob Co

Our athletes performed very well at the Olympics. I wish I could say the same thing for the producers and commentators. Has there ever been anyone more inept than Bob Costa? Point well taken. Not counting politicians. It is certainly not a coincidence that the ratings were so low. But on to more pleasant subjects.

Another Labor Day. Another summer chalked up. When I see the weather reports for the Mainland, I realize just how fortunate we are. Even the winter on Nantucket is pretty darn nice, I just wish it didn't get dark so early. And now the fall with its crisp clean air and chilly nights. Nirvana, I say Mate. Well, over and out for now, and we at JPFCo. thank you for a great summer. Oh, I forgot the most important thing: The Dodgers and The Red Sox are both still in 'it.' I can dream, can't I.
 
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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