If you have not been to Nantucket, plan your visit and we will show you why National Geographic named Nantucket the best island in the world.

Best Island to Visit

SUMMER OF 1928:

Rare waterfront property located directly on the calm waters of Nantucket Sound with antique home and private stairs to sandy beach.  Panoramic views and great sunsets from the deck nestled in the dunes.  Septic plan approved for 4 bedrooms.

$5,800,000.

Listing Broker:  Penny Dey

9 Raceway Drive:  Short sale. Overlooking the 9th fairway of the Miacomet Golf course, this home sits back from the road on an oversized lot with lots of privacy. Three bedrooms and two baths and a large family room and den provide space for all of your activities. There are distant ocean views, a fish pond and town water easily available. $725,000.  Listing Office:  Atlantic East Nantucket Real Estate

9 Dunham Street:  Beachside living in Surfside. A short distance to Fishermans Beach. Includes a spacious light filled 4 bedroom upside down house with numerous decks and ocean views. Well maintained lot provides privacy, beach proximity and great rental history. $1,495,000.  Listing Office:  Killen Real Estate

2 Mayhew Lane: An easy walk into the heart of the downtown area, or a short bike ride to a beach along the Cliff or down to the Jetties from this conveniently located and wonderfully comfortable home. Nicely decorated, and offered partially furnished, this bright house has a style that beckons many. $1,795,000.  Listing Office:  Great Point Properties

Rentals are booking up rapidly for this summer, especially during the month of August.  If you are planning to vacation on Nantucket this season – do not wait to make your plans! If you have some flexibility in your schedule, you will find some great properties available in June, July and September.  Check out www.NantucketRealEstate.com for information on our rentals.  We handle proeprties ranging from a simple, sweep the sand out beach house, to a waterfront estate with main house, guest house, pool and tennis court and everything in-between.

PEACE AND QUIET IN TOM NEVERS EAST

This very private property offers many possibilities for extended family use.  On 1.5 acres, the two story main house has multiple living areas, three bedrooms and a large studio room.  Attached is a bright and sunny and nearly new, cottage with two floors and basement.  This property is a great find.

$1,100,000.

Listing Broker:  Penny Dey

Fixed rates on home loans hit record lows again in the past week. Freddie Mac announced that for the week ending May 10, 30-year fixed rates fell from 3.84% to 3.83%. The average for 15 year loans decreased to 3.05%. Adjustable rates were mixed, with the average for one-year adjustables rising to 2.73% and five-year adjustables falling to 2.81%. A year ago 30-year fixed rates were at 4.63%. Attributed to Frank Nothaft, Vice President and Chief Economist, Freddie Mac, “Following April’s weaker than expected employment report, and the French and Greek election results raising concerns over the stability of the Euro currency zone, long-term Treasury bond yields declined allowing fixed rates on home loans to ease to new all-time record lows this week. The economy added just 115,000 jobs, below the market consensus forecast and less than in March. And although the unemployment rate declined, it reflected fewer people actively seeking jobs.”

Spring has sprung on Nantucket and with it, the real estate market is showing quantifiable signs of recovery.  The number of Sales in April was 29, just 1 shy of the 30 in April 2011 but the dollars that those sales represent increased 23.39% ($48 million+) compared to April 2011 ($39 million).  The average price of Nantucket property has risen to $1,303,000, up 5.91% from one year ago.  The average price of a house is now $1,366,000; and for vacant land the average price is $814,000.  Click here the Sales History Detail April 2012 report.  And contact your broker if you would like more information on the Nantucket real estate market.  This is going to be a very busy summer.

Took this picture late yesterday afternoon of the new Dreamland Theater which will be open in time for the Nantucket Film Festival next month.  Very exciting to have the Dreamland back!

Over the past 15 years the Nantucket Wine Festival has blossomed into one of the nation’s most celebrated wine and food events. With the help of Nantucket landmark hotel, The White Elephant, most of this year’s festival will be staged entirely in the heart of downtown Nantucket.  Nantucket Wine Festival

Like clockwork, the first week of May, the cherry trees bloom on South Water Street.  Usually shortlived because inevitably a wind will come and blow the pink blossoms away (like today) - it is one of the mosty beautiful sights in Nantucket Town for the short time they are out. The new Dreamland Theatre can be seen at the left of the picture.