nantucket real estate: Nantucket real estate market update - June 15, 2007
- 07/15/07 02:28 AM
By: Brian-Logan Reid, Broker Well Wine Festival and Memorial Day/Figawi came and went and the inventory continues to grow, despite a handful more properties going under agreement. The entry level of the market, those properties under $1mm, appears to be growing in size and I anticipate some price softening as properties stay on the market longer and the would-be buyers who need financing will find it more difficult to secure affordable financing as lenders tighten up their standards. The middle of the market, those properties between $1.5mm and $4mm, still shows strength, but only those properties that are priced correctly from the time they get … (0 comments)
nantucket real estate: Nantucket real estate market update - July 1, 2007
- 07/15/07 02:26 AM
By Brian-Logan Reid, Broker Well summer is officially here and the market appears to be picking up a bit along with the glorious weather! While the inventory continues to grow, there still are properties being acquired at all price points, which is a good sign. But with the growing number of properties on the market, I do expect some softening of prices particularly at the price point of $2mm and under (where the bulk of the inventory lies). It still remains the case that properly priced properties are still being gobbled up rather quickly (typically in less than 2-3 weeks). These factors, though, bode … (0 comments)
nantucket real estate: Nantucket real estate market update - July 15, 2007
- 07/15/07 02:25 AM
By Brian-Logan Reid, Broker Perhaps prompted by the warmer weather, the buyers have stepped up and started acquiring Nantucket real estate again. Following the typical seasonal pattern, the late spring/early summer is showing that buyers are stepping back into the market, even though it is not at the same pace as the past two or three years. According to the "Real Estate Report" (Nantucket Indpendent, 7/11/2007), there have been 193 total transactions worth about $331 million, while the same period in 2006 saw a total of 249 total transactions worth about $484 million. Other notes from the report: for the first time in five years, the average and … (0 comments)
nantucket real estate: A high-end foreclosure on Nantucket? SOLD! One luck guy got a great deal...
- 06/23/07 07:50 AM
I just got back from an proper bankruptcy auction at 209 Polpis Road. This 5,784 SF, 5 bedroom, 5.5 bathroom oceanview estate is situated on 4.1 acres in Polpis with first and second floor views of Polpis Harbor. Included in the estate are Guest Quarters, a pool and tennis court. Although not as exciting as I think I was expecting, the bidding started at $3.7mm, and through about 6 or 7 bids, got up to $4.1mm. Then, just before saying "SOLD" the auctioneer called for a recess, contacted the owner and returned to reveal that the price was acceptable to the owner … (5 comments)
nantucket real estate: CEO's and celebrities on Nantucket? You bet!
- 05/20/07 08:03 AM
By Brian-Logan Reid, Broker I was in the Grand Union grocery store yesterday and saw Daphne Zuniga (remember Spaceballs!?), which got me thinking about all the VIP's that own property or frequent Nantucket. So I thought it would be interesting to compile an unofficial list of the folks that I know that own "houses" or have visited the 'grey lady': Current or previous owner's of Nantucket real estate: Eric Schmidt - CEO - Google Tommy Hilfiger - owner - Tommy Hilfiger Inc. Jack Welch - former chairman/CEO - GE Louis Gertsner - former chairman/CEO - IBM John Kerry/Teresa Heinz - Senator/Heinz Corp. heir Bob Wright - CEO - NBC Universal Roger Penske - … (7 comments)
nantucket real estate: New land and property listings - May 14, 15, 2007
- 05/15/07 07:17 AM
New land and property listings - May 14, 15, 2007 Here are the new listings that came on the market yesterday and today: 83 Goldfinch Drive - Naushop - $1,395,000 - 4 bedrooms, 3.5 bathrooms 22 Sherburne Turnpike - Cliff - $3,495,000 - 4 bedrooms, 3.5 bathrooms 24 Clarendon Street - Tom Nevers - $995,000 - 3 bedrooms, 2.5 bathrooms Yesterday: 137 Hummock Pond Road - Hummock Pond - $1,295,000 - Vacant land 17 Deer Run Road - Hummock Pond - $1,200,000 - Vacant land 107 Sankaty Road - Sconset - $2,100,000 - Vacant land 9 Fisher's Landing Road - Warren's Landing - $1,525,000 - 3 bedrooms, … (0 comments)
nantucket real estate: New Nantucket property and land listings - May 1, 2007
- 05/02/07 05:16 AM
Here are the new home and land listings that came on the market: 110 Orange Street - 2nd Floor - Town - $849,000 - 1 bedroom, 1 bathroom110 Orange Street - 1st Floor - Town - $795,000 - 1 bedroom, 1 bathroom96 Baxter Road - Sconset - $2,575,000 - 4 bedrooms, 3.5 bathrooms3 Washington Avenue - Madaket - $2,725,000 - 2 bedrooms, 3.5 bathrooms306 Polpis Road - Polpis - $4,295,000 - Vacant land133 Old South Road - Mid-Island - $298,000 - 0 bedrooms, 1 bathroom … (0 comments)
nantucket real estate: New Nantucket property and land listings - April 30, 2007
- 05/01/07 04:07 AM
Here are the new home and land listings that came on the market: 48 Meadow View Drive - West of Town - $899,000 - 2 bedrooms, 1.5 bathrooms 21 Friendship Lane - Mid-Island - $1,374,000 - 6 bedrooms, 4 bathrooms 21 Friendship Lane (Main House) - Mid-Island - $925,000 - 4 bedrooms, 3 bathrooms 21 Friendship Lane (Covenant House) - Mid-Island - $449,000 - 2 bedrooms, 1 bathroom 15 Beach Street - Sconset - $1,595,000 - 3 bedrooms, 3 bathrooms 7 East Lincoln Avenue - Brant Point - $2,195,000 - 4 bedrooms, 2 bathrooms … (0 comments)
nantucket real estate: New Nantucket property and land listings - April 26, 2007
- 04/26/07 05:39 AM
Here are the new listings that came on the market today: 28 Flintlock Road - Tom Nevers - $1,675,000 - 3 bedrooms, 3.5 bathrooms22 King Street - Sconset - $3,250,000 - 5 bedrooms, 3.5 bathrooms1 Milestone Crossing - Mid-Island - $2,595,000 - 4 bedrooms, 4.5 bathrooms3 Sea Fox Circle - Mid-Island - $890,000 - 4 bedrooms, 3 bathrooms … (0 comments)
nantucket real estate: New Nantucket property and land listings - April 25, 2007
- 04/25/07 07:40 AM
Here are the new listings that came on the market today: 59 Orange Street - Town - $1,995,000 - 4 bedrooms, 4 bathrooms 14 Wood Hollow Road - Tom Nevers - $1,750,000 - 5 bedrooms, 2+ bathrooms5 Yompasham Lane - Nashaquisset - $1,289,000 - 3 bedrooms, 2.5 bathrooms111 Orange Street - Town - $1,748,000 - 3 bedrooms, 2 bathrooms23 Prospect Street - Town - $1,465,000 - 3 bedrooms, 2.5 bathrooms37 Surfside Road - Mid-Island - $1,195,000 - 4 bedrooms, 3 bathrooms … (0 comments)
nantucket real estate: New Nantucket property and land listings - April 23, 2007
- 04/23/07 08:25 AM
Here are the new properties that came on the market today: 4 Skyline Drive - Surfside - $1,349,000 - 3 bedrooms, 2 bathrooms3 Sandpiper Way - Tom Nevers - $1,395,000 - 3 bedrooms, 2 bathrooms16 Evergreen Way - Surfside - $1,695,000 - 4 bedrooms, 4.5 bathrooms … (0 comments)
nantucket real estate: Does anyone else sell RE in an area where you CANNOT post For Sale signs?
- 04/23/07 06:44 AM
On my lovely island of Nantucket, neither real estate agents nor FSBO's can post For Sale signs in a property's yard! Due to the fact that the entire island is considered a Historic Landmark, and under the watchful eye of the Historic District Commission (HDC) which governs all exterior changes, expansions, etc across the island, real estate agents cannot post for sale signs. While I've seen some crafty folks put the signs in the windows facing out, I just wanted to see if anyone else lives in an area where this is the case. Also, so how do I attract buyers … (6 comments)
nantucket real estate: Mark Goldweitz - setting the bar for Nantucket historic restorations
- 04/21/07 07:06 AM
He's done it again! With his latest restoration completed and sold at 93 Main Street (the "East Brick" - which is now the most expensive residential sale in Town at $10,500,000), I'm sure he's on the hunt for his next (ad)venture. Mark Goldweitz is known throughout Nantucket, and I imagine throughout New England, for his beautiful historic restorations. While there are other investors that are doing renovations and restorations on the island, no one even comes close to Mark's track record. Let's look at his completed projects to date (sorted by most expensive sold): Click here to learn more about the "East Brick" … (0 comments)
nantucket real estate: New Record! Historic "East Brick" at 93 Main Street sells for $10,500,000
- 04/21/07 06:37 AM
The historic "East Brick", one of the three Georgian style mansions on Main Street, built by whaling merchant Joseph Starbuck for his three sons (circa 1835), has undergone an extensive restoration and after only being on the market for about 8 months, has sold for $10,500,000 (listed price: $11,850,000). This is now the most expensive, single family residential sale in Town, followed only by Mark Goldweitz's OTHER historic renovation of 141 Main Street (which sold for $8,975,000) … (0 comments)
nantucket real estate: New Nantucket property and land listings - April 19 & 20, 2007
- 04/20/07 07:28 AM
Here are the new properties that came on the market yesterday and today: 59 Orange Street - Town - $1,995,000 - 4 bedrooms, 4 bathrooms3 Cornish Street - Brant Point - $3,395,000 - 5 bathrooms, 3.5 bathrooms58 Goldfinch Drive - Naushop - $569,000 - Vacant land19 Hussey Street - Town - $495,000 - Vacant land22 Hussey Street - Town - $2,395,000 - 4 bedrooms, 3.5 bathrooms4B Goldfinch Drive, #B - Naushop - $650,000 - 2 bedroom, 2 bathroom condo24 Equator Drive - Mid-Island - $1,099,000 - 3 bedroom, 1.5 bathrooms … (0 comments)
nantucket real estate: New Nantucket property and land listings - April 18, 2007
- 04/18/07 07:04 AM
Here are the new listings that came on the market today: 1 Dovekie Court - $1,275,000 - Naushop - 5 bedrooms, 4.5 bathrooms1 Equator Drive - $750,000 - Mid-Island - 3 bedrooms, 3+ bathrooms9 Lily Street (Sconset) - $1,495,000 - 2 bedrooms, 1 bathroom8 Evergreen Way - Surfside - $1,695,000 - 4 bedrooms, 4.5 bathrooms … (0 comments)
By: Brian-Logan Reid, Broker;)
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