Nantucket Real Estate Updates
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J Pepper Frazier Company
A Bi-Weekly Newsletter About Nantucket Real Estate.
NEW LISTINGSView All
Nov 10, 2020
Nantucket Real Estate
Town
$1,425,000
Nov 9, 2020
Nantucket Real Estate
Brant Point
$5,995,000
Nov 9, 2020
Nantucket Real Estate
Tom Nevers
$3,250,000
Nov 9, 2020
Nantucket Real Estate
Town
$1,900,000
RECENTLY SOLDView All
Nov 10, 2020
Nantucket Real Estate
Cliff
$5,595,000
Nov 10, 2020
Nantucket Real Estate
Town
$2,400,000
Nov 9, 2020
Nantucket Real Estate
Brant Point
$7,700,000
Nov 6, 2020
Nantucket Real Estate
Dionis
$3,285,000

GROUND NOTES FROM DALTON
Full Steam Ahead
The market continues to break records and, besides the seasonal factor, it does not seem to be slowing. The YTD total volume is already well past any previous total yearly volume and there's still a massive pipeline of deals. Also, to put further emphasis on how extraordinary this market is, keep in mind that April through June volume was way down compared to other strong years.


Here is year over year comparison of YTD total volume:


'09 – $339mm *Lowest total yearly volume.
'10 – $574mm
'11 – $424mm
'12 – $633mm
'13 – $630mm
'14 – $842mm *$1bn+ year
'15 – $727mm
'16 – $838mm
'17 – $917mm *$1bn+ year
'18 – $940mm *$1bn+ year
'19 – $811mm *$1bn+ year
'20 – $1.400bn *$1bn+ year. Already record year and approximately $370mm in the pipeline.

Land Bank is going to be flush with cash (it's already collected $28mm). Should be interesting to see what they buy...
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LET'S MAKE IT HAPPEN WITH PEPPER II
Construction Creativity
What an awesome Indian Summer we have been having and JPFCO is right along side it making it happen.

In addition to this wonderful weather, hot real estate market, and fantastic island, our clients have started to prepare for Thanksgiving. We are selling a house with estimated completion date of November 10th but due to COVID-19, there has been a lag in building materials. Our client plans to spend Thanksgiving on the island with family, but now the house will not be completed until December 10th.

Time to make it happen JPFCO style!

We located another property in close proximity to the house under construction, contacted the homeowner and worked out a deal for the family to spend their Thanksgiving vacation in this house. Now they are able to see the final stages of the construction of their new home and spend Thanksgiving on the island.

Everyone is psyched and we are all looking forward to a great holiday. Happy Thanksgiving from all of us a JPFCO!
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RENTAL MARKET UPDATE
Thanksgiving on Island
It's been an exceptionally stunning fall season here on Nantucket.

Of course, we always anticipate some incredible fall foliage, but this year we were pleasantly surprised with outstanding mild temperatures well into the penultimate month of the year. With the first weekend in November bringing three fabulous beach days, the scalloping season alive and well, and some of Nantucket's most celebrated restaurants choosing to stay open a bit longer, spirits are high and life is as lovely as ever on island.

With Thanksgiving quickly approaching, Nantucket prepares to play host to families celebrating together. If you find yourself traveling to the island this holiday season, don't forget to reserve your turkey dinners from some of the island's greatest restaurants including, but not limited to:

Fairgrounds Restaurant
The Corner Table
Bartlett's Farm
The Beet
Born and Bread
Brant Point Grill
Breeze at The Nantucket Hotel
Company of the Cauldron

At J Pepper Frazier Company, we are busy preparing for what we are sure will be a phenomenal 2021 season. Since the summer's conclusion, we have added several, brand new rental properties to our program and are excited to share them with our tenants. After this past summer of uncertainty, tenants are more convinced than ever that a return visit to Nantucket is a must for next season.

Homeowners, if you haven't submitted your rates and availability, please email our rental manager Claire at rentals@jpfco.com to keep your property up to date on our website. Tenants, if you are interested in learning more about what properties are available next summer, please give us a call at J Pepper Frazier Company (508) 228-3202.

We also encourage you to visit our new YouTube page featuring tours of our sales listings, videos of our agents and principal brokers, and even the history of J Pepper Frazier Real Estate. Head to J Pepper Frazier Company Real Estate and take a look at our library of content featuring beautiful, autumnal Nantucket!

From all of us at J Pepper Frazier Company, we wish you a healthy, hearty, and Happy Thanksgiving!
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FEATURED LISTING
8 Galen Avenue - $4,595,000
Located on highly sought after Galen Avenue in the heart of Brant Point, this 4 bedroom, 4.5 bath house was entirely new construction, top to bottom, completed in 2013 with the finest materials and craftsmanship. The house, sited on an oversized lot, boasts an open floor plan, several living areas, first floor master, and multiple decks and porches. Including a pet-friendly bath area for cleaning and/or grooming, this rare offering is certainly not to be missed!
8 Galen Avenue →
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One of the oldest and most experienced Nantucket real estate firms
JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202