|Mar 13, 2021|
|Mar 12, 2021|
|Mar 10, 2021|
|Mar 5, 2021|
|Mar 5, 2021|
|Mar 5, 2021|
GROUND NOTES FROM DALTON
|To Buy or To Try to Rent|
|Besides factors like work from home, Coronavirus refuge, low interest rates and massive amounts of capital in the market, another more subtle reason the sales market is so strong is the lack of vacation rental inventory. Naturally, a lack of supply of rentals will drive demand for sales. The supply of vacation rentals on Nantucket has decreased by 15% +/- since last year and demand has gone up, primarily because work from home and Nantucket as a Coronavirus refuge, so, the sales market is cranking.
Here are some comparison numbers:
YTD as of March 11 in mm's
2009 - $37 Lowest total yearly volume
2010 - $81
2011 - $57
2012 - $73
2013 - $61
2014 - $144 $1bn+ year.
2015 - $137
2016 - $156
2017 - $124 $1bn+ year
2018 - $197 $1bn+ year
2019 - $119 $1bn+ year
2020 - $164 $1bn+ year. Record year at $1.86bn
2021 - $222
LET'S MAKE IT HAPPEN WITH PEPPER II
|March madness here we are!
With the frenzy of buyers and lack of inventory, we are doing everything to make deals come to fruition. Sometimes it means making one deal to make another deal happen, or in this instance, multiple deals to make one happen!
We were dealing with a 1031 tax-free exchange where the owner of five properties wanted to sell all of them in order to buy one larger property. Strategy is the name of the game. We consolidated four of the properties into one portfolio package and listed the fifth property on its own. Two buyers needed to pull together for one massive deal.
We found the buyers for the portfolio and the single property. We scheduled the closings to coincide with the purchase of the 1031 property, making a trifecta of deals happen! A 3 pointer for team JPFCO, creating the life and making it happen in Bull and Bear markets!
|RENTAL MARKET UPDATE|
|J Pepper Frazier Company x Gofer - A Summer 2021 Essential|
|The early weeks of spring always bring a certain air of anticipation to Nantucket Island. The change in calendar between February and March signals a sort of metaphorical awakening. Typically we are just one month away from the return of our guests and seasonal residents for Daffodil Festival. Though this year the celebration will be modified in a continued effort to keep COVID-19 cases low, the feeling of spring energy cannot be denied.
With so much to look forward to this year, J Pepper Frazier Company is excited to announce a new summer offering that is sure to enhance your vacation experience. For the months of June, July, and August, JPFCO has partnered with Gofer Nantucket, a grocery delivery and stocking service. After a hugely successful launch in the summer of 2020, Gofer has refined their operation to allow more reservations, and just for J Pepper Frazier Company clientele.
Here's how it works: Tenants and homeowners alike can visit the Gofer Reservation Portal through the link below, reserve a delivery spot on the day of your arrival, and secure a reservation. That's it! In the weeks prior to your arrival, you will be able to customize your grocery order directly on the Gofer platform.
No need to wait in the lengthy Stop n' Shop summer lines - all of your beach snacks, breakfast goods, and afternoon noshes will be waiting for you at home!
For more information and to secure your grocery stocking reservation, please visit the link below!
|1 Walsh Street - $3,995,000|
|Incredibly well executed restoration of a classic, bungalow style beach house with open, full length, covered porch. There are four bedrooms and three full and one half bath and a new guest studio. All materials of the very highest quality both inside and out. Moments to Children's Beach, Town, The White Elephant, Brant Point and Jetties Beach. Strong rental history in prime Brant Point.
Follow the link below to view expanded property details, photos, and a virtual tour of 1 Walsh Street!