The year is half over, summer is in full swing and Nantucket is as terrific as ever. Days are filled with plentiful sunshine, warm day breezes and cooler evening winds making for a very comfortable time.
Real estate continues to march on, even if at somewhat slower pace than last year. Year-to-date total dollar volume is down just over 22% while the average home price is up 16%. The message here is fewer transactions, higher value per transaction. Inventories are still low but increasing daily with 158 marketable properties as of today.
Pricing remains the key strategic factor when listing and marketing a property. Right priced properties for this market environment move quickly, strategically low-priced properties are meant to create excitement and a bidding war while overpriced properties linger.
Every piece of real estate has its own story and every property has a buyer. One just needs to make the appropriate marriage—property and purchaser.
NANTUCKET BITS & PIECES
The last week on the island has been incredibly newsworthy, filled with triumphs and sadness. The Veranda House had a massive fire on Saturday morning, July 9th leaving the building completely destroyed. Two nearby homes were destroyed as well.
The triumph was the heroism of off-duty firefighter, Nate Barber as well as two of the neighbors. Because of these three people, lives were saved.
Congregation Shirat HaYam has a long tradition of having interesting and extraordinary speakers: over the years, they have included Supreme Court Justice Ruth Bader Ginsburg, Carl Bernstein, and David Gregory.
This summer, the Congregation invited Lt. Colonel Alexander Vindman, who spoke on Friday, July 8th. His insight into Ukraine was coupled with his experiences as a refugee, working his way through the ranks in the Army and the White House make him a fascinating speaker. He completely believes in the American democratic experiment.
Here, Right Matters, his book on this journey, envelopes his belief in a principled American identity for the immigrant and their importance.