{"id":1171,"date":"2013-08-31T18:46:38","date_gmt":"2013-08-31T18:46:38","guid":{"rendered":"http:\/\/new.jpfco.com\/dir\/?p=1171"},"modified":"2013-08-31T19:19:59","modified_gmt":"2013-08-31T19:19:59","slug":"nantucket-real-estate-is-spec-tacular","status":"publish","type":"post","link":"https:\/\/www.jpfco.com\/dir\/nantucket-real-estate-is-spec-tacular\/","title":{"rendered":"Nantucket Real Estate is Spec-tacular!!!"},"content":{"rendered":"

Somewhere along the lines, I predicted the spectacular Nantucket speculation builders were going to do very well this summer.\u00a0 Let’s see how my prediction played out.<\/p>\n

There are currently 16 spec. houses under agreement and 31 available.\u00a0 So, the percentage of total number of spec. houses that are under agreement, 16, compared to the total supply (under agreement and available), 47, is 34%.\u00a0 Now, let’s compare that to how non-spec. houses are doing relative to total, non-spec. supply.\u00a0 There are currently 69 non-spec. houses under agreement and 413 non-spec. houses available.\u00a0 So, 69 divided by total supply of 482 equals 14%.\u00a0 Whoa – that’s a big spread…<\/p>\n

\"50b06d2a\"<\/a><\/p>\n

How about for the sold spec. vs. non. spec.?\u00a0 If we say total supply this year equals sold plus under contract plus available, then the percentage of spec. houses that have sold, 19, compared to total supply, 66, is 29%.\u00a0 Now, let’s take the same comparison for non-spec. houses.\u00a0 193 sold divided by total supply of 675 equals 29%.\u00a0 Interesting…<\/p>\n

So, why such a spread between the two groups of under agreement and no spread between what has sold?\u00a0 Simple, many of the spec. houses were not done until part way into the summer, so the winter and spring buyers did not buy them.<\/p>\n

Having lots of the spec. inventory getting cleared further helps the market because then the spec. builders need to buy something else to build for the 2014 market.\u00a0 Selling creates selling.<\/p>\n","protected":false},"excerpt":{"rendered":"

Somewhere along the lines, I predicted the spectacular Nantucket speculation builders were going to do very well this summer.\u00a0 Let’s see how my prediction played…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1171","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/comments?post=1171"}],"version-history":[{"count":7,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1171\/revisions"}],"predecessor-version":[{"id":1178,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/1171\/revisions\/1178"}],"wp:attachment":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/media?parent=1171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/categories?post=1171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/tags?post=1171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}