We are about a week into Phase 2 of reopening Massachusetts and so far so good. Here are a few things to keep in mind for the rental season this summer.
Things will surely be different this summer but we are on the road to getting back to the way things were. 2020 will be a throwback Nantucket summer. It will be more about BBQ's at home, enjoying the beaches, bike paths and the great outdoors, and spending time with friends and family. Things are different this year but during this crazy time we are lucky to be able to enjoy a place like Nantucket.
The Nantucket Book Festival has made the decision to move it's event online with a great feature called "At Home with Authors" take a look at this excerpt from The Barnstable Patriot written by Kathi Driscoll for more details.
The authors selected for the 2020 Nantucket Book Festival represented voices officials believed needed to be heard this year. So when coronavirus concerns forced the cancellation of the in-person festival, they found another way to get the timely messages out.
The virtual “At Home With Authors” program was born last month, dubbed the festival’s “answer to social distancing.”
On its website over the past three weeks, the festival has posted the first few in a series of videos and interviews with writers who had been due to visit the island this month. The particular authors were chosen for this year “because they have something important to say to us, right now,” executive director Maddie Hjulstrom said via email.
“One (literary) committee member, Dick Burns, has always said that we invite the authors that people not only want to hear, but need to hear. And right now, people need to hear those voices more than ever.
“Books broaden our horizons, create connections, and inspire imaginations. In the midst of isolation and fear, and a lot of misinformation, we turn to writers who can not only speak truth to us, but can offer hope to help us get through this.”
The interviews available now at https://nantucketbookfestival.org/ahwa include NPR’s Diane Rehm about her book “When My Time Comes”; David Rohde on “In Deep: The FBI, The CIA and the Truth About the ‘Deep State’”; Sarah Broom on “The Yellow House”; Samantha Powers on “The Education of an Idealist”; and a conversation between Nantucket author Elin Hilderbrand (“Summer of ’69”) from her island home with Jami Attenberg (“All This Could Be Yours”), from her home in New Orleans....
The full article can be read here
Stay well! See you on island!
- The Jordan Real Estate Team
It’s hard to believe that the first quarter is complete and while it seems like the world has stopped spinning, Nantucket is proof that it still is. The first quarter shows that we are right in line with 2019 which proved to be a billion dollar year.
While we don’t have a crystal ball, the Jordan team’s general consensus moving forward into Quarter 2 is that the market will likely slow down due to this pandemic but, Nantucket is like a Jeep Wrangler: It holds it’s value. We have found that visitors are looking forward to coming. We have seen people looking to extend their leases and spend the entire summer here. We’re finding that people who weren’t planning vacations until late summer are looking to come sooner. We are starting to see that potential buyers who maybe were not ready to pull the trigger are becoming more serious. We don’t know what is to come in terms of restaurant restrictions and passenger limitations etc, but we do know that people love Nantucket and want to be here. Things are more uncertain than ever now but, Nantucket has weathered many storms and for now is holding strong.
Every year Nantucket exhibits a new real estate trend and it's our job here at Jordan Real Estate to track Nantucket Real Estate trends so we can better serve our clients. There have been years where antique homes on Nantucket were a trend, then other years there was a hot neighborhood on island that people were really interested in. What was 2019's real estate trend on Nantucket? It was turn-key with a pool. (That doesn't mean that there isn't a buyer for your antique home.)
2019 was the first year of the short-term rental tax on Nantucket Rental properties. We did see a slight effect on the rental market as a result. Most homeowners were wise to not raise rents, as the 11.7% tax was enough of an extra expense for rental clients. If you want to browse our extensive selection of Nantucket vacation home rentals, click here.
Nantucket got some press in Barron's this past year which is good news for sellers on the island. Nantucket has the highest value for any vacation-home destination in the country. Nantucket county is made up of 55.5% vacation seasonal/vacation homes. A vacation home county is one described by Barron's as a county with 20% or more of its residential property being seasonal.
Homeowners; it's always good to know the value of your home. So if you are interested in selling, or just looking at your options, contact us today and speak with one of our Brokers about doing a complimentary comparative market analysis for your property. Take a look at the following for a snapshot of the Nantucket Real Estate Market. For full market reports, contact us to have one of our agents register you onto our Nantucket MLS site.
Nantucket Real Estate broken down into segments. Residential real estate on Nantucket continued to be the leader. Commercial real estate on the island can be difficult yo come across because it tends to move quickly. At the time of publishing the article we have a very nice commercial plot for sale, looking for info on that, click here.
Surside, Town, Mid-Island and the Cliff villages continue to show strong sales numbers on Natucket. We have included some additional charts for you to use as refrence when researching Nantucket real estate. Again, if you have any questions our experienced team is ready to assist. We are available at firstname.lastname@example.org or by phone (508)228-4449
It's time to daydream about sandy beaches, mudslides, pool parties and boat rides. It's time to imagine the feeling of WARM SUN on your skin! Let's plan your Summer Vacation!
The Steamship Authority will begin taking those highly coveted car reservations for travel between May 15 - October 20, 2020 at
5AM on Tuesday January 14. There are some popular weekend that fill up FAST every year! Events such as the Daffodil Festival, Nantucket Comedy Festival, The Nantucket Food & Wine Festival, Fugawi and The Nantucket Yoga Festival are just some of those events that help to fill up car reservations quickly.
A NOTE FROM THE STEAMSHIP AUTHORITY:
2020 Nantucket General Internet Opening: January 14 - January 20, 2020
Beginning at 5:00 am on January 14, 2020, reservations for travel to Nantucket only from May 15, 2020 through October 20, 2020 may be made via the internet. Reservation requests will also be accepted through the mail. During this time the reservation office hours will be extended to provide support to our internet/web customers. Office hours on January 14 & January 15, 2020 will be from 5:00 am to 6:00 pm. On all other dates normal business hours will be 7:30 am to 4:00 pm, daily.
Step 1: Set your Alarm for 4:45AM on January 14
Step 2: Make a pot of STRONG coffee
Step 3: Click here to BOOK your Reservation
Step 4: Contact Jordan Real Estate and we will handle the rest of making your Nantucket vacation a reality by showing you some of the most amazing Nantucket Vacation Rental Homes on the island!
HOMEOWNERS: Make sure you contact Jordan Real Estate with any changes to your rates and availability. If you have made and
updates/renovations to your home and/or have new pictures or would like new pictures taken. Your listing will rank better in searches with the most detailed and accurate information.