Nantucket Real Estate Updates
J Pepper Frazier Company
A Bi-Weekly Newsletter About Nantucket Real Estate.
NEW LISTINGSView All
Dec 10, 2020
Nantucket Real Estate
Cliff
$1,075,000
Dec 7, 2020
Nantucket Real Estate
Mid Island
$679,000
Dec 5, 2020
Nantucket Real Estate
Town
$6,500,000
RECENTLY SOLDView All
Dec 9, 2020
Nantucket Real Estate
Sconset
$4,000,000
Dec 9, 2020
Nantucket Real Estate
Cisco
$2,450,000
Dec 9, 2020
Nantucket Real Estate
Sconset
$1,900,000
Dec 8, 2020
Nantucket Real Estate
Brant Point
$15,750,000

GROUND NOTES FROM DALTON
WD-40
The saying goes, "First impression is your best impression." So, why would I have a squeaky door as my first impression? I wouldn't. That's why I travel with a can of WD-40.

Banner year...Some interesting stats: Comparing right now to the same time in 2009 - currently 265 available listings vs. 597 in 2009; 126 listings marked as under agreement vs. 33; $1.642mm closed YTD vs. $402mm; median sale price $2.15mm vs. $1.195mm.

Here is year over year comparison of YTD total volume:

'09 - $402mm *Lowest total yearly volume
'10 - $635mm
'11 - $504mm
'12 - $723mm
'13 - $701mm
'14 - $946mm *$1bn + year
'15 - $804mm
'16 - $945mm
'17 - $985mm *$1bn+ year
'18 - $1,086mm *$1bn+ year
'19 - $937mm *$1bn+ year
'20 - $1,642mm *$1bn+ year. Already record year and approximately $356mm in the pipeline

LET'S MAKE IT HAPPEN WITH PEPPER II
A Tale of Two Clients
One deal, two deal, three deal all day long, the JPFCO holiday song!

We had two clients, one of which was targeting a property but the price was just a bit out of reach, the other looking to sell and upgrade. The target property was sub-dividable with an existing house situated in the middle of the lot.

The buyer with the target property is planning to knock down the house and build from scratch. Time to shine and make it happen!

JPFCO works a deal with the buyer of the target property to sub-divide the property by picking up the house and placing it on one of the lots and then selling that property to the client looking to upgrade. The client looking to upgrade will then pay for the house move, and the seller agreed to postpone the close until all loose ends are tied!

Another win-win for the clients of JPFCO.

We wish everyone Happy Holidays! We are looking forward to a prosperous and healthy New Year. Let's make it happen 2021!!!
RENTAL MARKET UPDATE
Nantucket Noel and the New Year Ahead
It's been an exciting few weeks here on Nantucket with the beginning of the holiday season. Thanksgiving quietly came and went with mild temperatures, a bit of rain, and modified celebrating with catering from some of the island's best restaurants.

The following weekend, The Nantucket Chamber of Commerce commenced Nantucket Noel, a 2020-take on the Christmas Stroll. A shop local initiative, Nantucket Noel will run from the end of November through December 31, allowing Nantucket residents and guests to safely enjoy the magic of the season, while still supporting local businesses for their holiday shopping.

Fortunately the change in celebration didn't deter local decorating! Nantucket's famous town Christmas decorations are up and as beautiful as ever. Check out all of the individually decorated trees on Main Street and snap a photo in front of the iconic Bank of America tree if you're here! And while you're in town, swing by Vis-a-Vis to view the Chamber of Commerce's first prize window decor winner, designed by Weatherly Designs and JPFCO agent Ed Gillum's wife!

As December continues on, J Pepper Frazier Company is constantly preparing for the 2021 rental season. With homeowners and tenants calling daily, we are excited to be adding new rental options, amenity updates, and first-time Nantucket visitors to our rental program.

Homeowners, have you called to update your rates and dates of availability? If not, please call the J Pepper Frazier Company office at (508) 228-3202 or email our rental manager Claire at rentals@jpfco.com.

Tenants, it's never too early to secure a beautiful rental property for next summer. With properties already receiving inquiries, make sure you don't miss a chance to return to the island in your favorite Nantucket house. Call the J Pepper Frazier Company office today to book your 2021 vacation.

From all of us at J Pepper Frazier company, we wish you a happy and healthy holiday season and look forward to working with you again in the new year!
FEATURED LISTING
11 Washington St & 8A Union Street $3,995,000
Renovated and perfectly maintained commercial and residential building in historic downtown Nantucket just one block from Main St. The property features two highly visible, income producing, commercial units and a stunning, recently renovated, residential unit. The spacious, 2 bedroom, 2 1/2 bath residential unit sits on three levels and has been mindfully redesigned with every modern amenity. The residential unit offers a private outdoor oasis with a large bluestone patio surrounded by lovely gardens and landscaping, an outdoor shower, a driveway with private parking and a walkway with access to Union St. Recent upgrades include a new roof, exterior painting, all new landscaping, driveway was re done, new washer & dryer in the apartment and new A/C in the commercial unit. This is an amazing investment opportunity.
11 Washington St & 8A Union Street →
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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