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JPFCO

Nantucket Real Estate Updates

Dec 11, 2019       Issue: 427

J Pepper Frazier Company
Happy Holidays from Nantucket
 
 New Listings VIEW ALL

Dec 6, 2019

Tom Nevers
$1,625,000

Dec 4, 2019

Mid Island
$660,000

Dec 4, 2019

Mid Island
$1,095,000

Dec 5, 2019

Mid Island
$949,000
 
 Recently Sold VIEW ALL 

Dec 9, 2019

Middle Moors
$1,200,000

Dec 9, 2019

Madaket
$630,000

Dec 6, 2019

Surfside
$4,700,000

Dec 6, 2019

Nashaquisset
$1,450,000
 

GROUND NOTES FROM DALTON
  10 Signatures

Nantucket has an annual Town Meeting to legislate all matters concerning the Town. Generally, all of the actions taken during Town Meeting determine how the Select Board and Town departments will be able to serve the public throughout the year. In my opinion, this is a great system; it really puts the control of the Town's destiny in the voters' hands. However, it doesn't come without flaws. For example, a citizen can file a Citizen's Warrant Article with just 10 signatures from registered voters. Once published in the Warrant, a Citizen's Article has potential to wreak havoc on certain industries.

For example, there is a Citizen's Article on the 2020 Warrant that will drastically reduce the ground cover on all zoning districts that have setbacks, which is 18 out of 20 zoning districts. Once the Warrant is published in January, any building application that does not comply with this Citizen's Article will be frozen until the outcome of whether this Article passes or not is determined at Town Meeting in April. So, a large part of Nantucket's second biggest industry, construction, will be on hold from sometime in January until early April. And, that only took 10 signatures...

Year over year comparison of YTD total volume:

'09 - $402mm *Lowest total yearly volume.
'10 - $629mm
'11 - $504mm
'12 - $726mm
'13 - $725mm
'14 - $949mm *$1bn+ year.
'15 - $815mm
'16 - $945mm
'17 - $985mm *$1bn+ year.
'18 - $1.09bn *Highest total yearly volume. $1bn+ year.
'19 - $931mm
 
 

LET'S MAKE IT HAPPEN WITH PEPPER II
  Holiday Spirit

We live on such a wonderful island with wonderful people. No wonder everyone wants to live here. With Stroll comes the kick off of the holiday season. You can notice how people have cheer and are more helpful. At JPFCO everyday is filled with holiday spirit helping one another to make it happen for our clients. The team at JPFCO is always assisting each other whether it be showing a house for another agent, lending a car, housing a client, working together to put out a rental nightmare, meeting a builder on site for another agent's client the list goes on and on. The wonderful thing about team JPFCO is there is no start or finish to our holiday spirit of making it happen. So come be a part of the never ending holiday of JPFCO. We look forward to making 2020 a happy and prosperous year with you.
 
 

RENTAL MARKET UPDATE
  46th Annual Nantucket Christmas Stroll

Ohh, the beloved Nantucket Christmas Stroll! Celebrated December 6th - December 8th, Stroll 2019 weekend came and went, as it always seems to do. And with the beautiful weather, as well as all the events happening, the island was packed!

J Pepper Frazier Company had many stroll rentals for the weekend, and we wished visitors who were walking through town on Saturday, some holiday cheer with a lovely Bartlett Farm cheese platter and sparkling drinks!

Some of the popular events that occurred were Festival of Trees at the Whaling Museum, Carolers on Main Street, Holiday House Tours, and Santa's Visit.

Our company always enjoy seeing families and friends celebrate the holiday season with joy and festivities! That's why we do what we do; we strive to build relationships to cherish moments spent on this precious island.

From all of us at J Pepper Frazier Company, we wish you and your family a wonderful holiday season and prosperous new year!

Warmly,
JPFCO Team
 
 
FEATURED LISTING
52 Lovers Lane $3,795,000

Half a mile from desirable Surfside beaches this property has over 4000 sq ft of living space. A brand new custom designed home with three finished levels, 4 bedrooms, 5 1/2 bath, plus two bonus rooms delivers perfect island living. There are two gas fireplaces, high velocity central air, Sonos entertainment system, instant hot water heaters, and so many other high end features that today's sophisticated buyer is desiring. Wonderful floor plan flow offers pool and backyard forest views. Exterior living unfolds with an expansive blue stone patio, heated Gunite pool with relaxing built-in spa and separate pool cabana with a sleeping loft combine to create an ideal outdoor entertainment setting. With its proximity to Nobadeer and Fisherman's beaches, the peaceful 143 acre State Forest across the street, and impending Lovers Lane bike path project (see link to Nantucket-ma.gov for details), this Surfside property is one of the best values on the market today. Note, a rare family compound option is available, abutting 50 Lovers Lane is also offered for sale.
  52 Lovers Lane 
 
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