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JPFCO

Nantucket Real Estate Updates

Aug 15, 2017       Issue: 364

J Pepper Frazier Company
Smith's Point Sunset
 
 New Listings VIEW ALL

Aug 14, 2017

Cliff
$3,199,000

Aug 14, 2017

Town
$5,850,000

Aug 14, 2017

Cliff
$7,995,000
 
 Recently Sold VIEW ALL 

Jul 12, 2017

Brant Point
$3,395,000

Jul 14, 2017

Cliff
$4,375,000

Jul 14, 2017

Surfside
$5,100,000

Jul 17, 2017

Mid Island
$720,000
 

GROUND NOTES FROM DALTON
  The Sun is Shining, The Weather is Sweet

We've had some gorgeous beach days as of late, which actually quiets down the market. Although they do want to buy, buyers typically would rather go to the beach with their friends and family than concentrate on looking at property during their vacation. This is a main reason why fall is very busy. The buyers enjoy their vacations during the summer and focus on having fun. Then come bACK for a day or two during the fall to focus on buying a property. Also, listings typically show better in the fall because they are typically either vacant or have less people staying in them and they are easier to get into.

The market still feels strong, though. YTD, we are about 12% ahead of 2014, our last $1bn+ year.
 
 

LET'S MAKE IT HAPPEN WITH PEPPER II
  Happy Clients

Love making it happen especially when we can spin one into another one and make our clients happy. The other day a Seller wanted to have a pool but zoning did not permit a pool. Time to make it happen JPFCO style. We went 300 yards down the road, found a property where zoning allowed pools. The potential Seller became a Seller. The Buyer bought the house and then we sold the Buyer's house. Making it happen the JPFCO way the Seller then bought another house trifecta for JPFCO. This is how we make it happen at JPFCO. Life is love and love is life!!!
 
 

RENTAL MARKET UPDATE
  Renters and Home Owners

Summer is in full swing and so is Nantucket's rental market. With each high-season weekend, ferries are full going in either direction. The flow of island visitors spending their coveted summer vacation on Nantucket is as dependable as the tides. This stable pattern provides great opportunities for both homeowners and renters alike. Homeowners with well priced and well maintained homes can typically enjoy 8+ weeks of dependable income and with more and more homeowners choosing to capitalize on the investment potential of their island homes, vacationers are able to choose their magical spot from our ever-expanding rental inventory.

Whether you are a life long Nantucket explorer or you have just started this summer island tradition, finding the ideal rental for your family has become more obtainable among a wider range of homes and rental rates. The strength of this symbiotic relationship between owner and renter makes either side of the coin encouraging and with fall traditionally being the busiest time of year for the Nantucket market, the time to take action is now.

Don't waste time and miss out, call JPFCO to get first dibs on the 2018 rental of your choice. For renters meditating on taking it to the next level, it's time to explore your options, investment opportunities are abundant; The other side of the coin is waiting!
 
 
FEATURED LISTING
8 Masaquet Avenue $6,495,000

Price includes newly built main house, guest house, carriage house, pool, and pool cabana on a beautifully landscaped 2.2 acre lot less than 1/2 mile to sought after Surfside Beach. This estate is a breathtaking collaboration between Fitch Construction, Milton Rowland & Associates and Olson Design. A stately circular driveway leads to the multiple dwellings that span this extensive lot. All structures have been conceived and executed with a modern and sophisticated buyer in mind. The developer will work with the Buyer to customize finishes. This is the ultimate, Nantucket retreat. You'll never leave...
  8 Masaquet Avenue 
 
NANTUCKET REAL ESTATE NEWSWIRE
» Beach Boys, Boston Pops pitch in at Nantucket fund-raiser
» Massasoit Bridge closed for repairs
» Nantucket Best According to Conde Nast
» Visitors Remind Us
 

NOTES FROM PEPPER THE ELDER
  The Trumpeter

Well, as, I live and I die (Can you do both at the same time?) I believe in hard assets more firmly than ever. North Korea may actually be a plus. I mean, who's going to start a fight they can't win? It was quite fortuitous that my first cousin, Smokin' Joe, declined a challenge- bout with me. This is the way I see it: The world may be going to Hell, but where are astute people going to put their money?

Tangibles. Things they can get their mitts around. Things that can't be manufactured. And if you can't buy the Red Sox, Nantucket real estate may be the next best thing. Well, okay a girls' roller derby team, but they're so hard to find. I also think gold and silver are going to sky-rocket. I would stick to coins. Keep away from bullion. To get back to my common refrain, a Dodger-Red Sox post season match up is getting closer to fruition. Like him or loath him, Donald J. Trump is a plus for this economy.
 
 
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JPFCO | 19 Centre Street Nantucket, MA 02554

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