A FAST START
The first 2 months of 2012 are off to a very positive start. Nantucket real estate sales have expanded 47% in transactions and 64% in dollar volume over the same time period of 2011.
Although it is a bit early to suggest this will be harbinger for the entire year it is a heartening sign. In addition there are some other metrics that point to an improving market. This chart is a snap shot through the end of February:
Over the last 2 years inventories are down and contracts and sales up. As result the pace of price reductions has slowed. All these factors point to an improving sales market. Today Buyers still have a great opportunity to buy. If the above trends continue, that window maybe closing.
Just like it does for people, the age of a home tends to creep up on homeowners and before they know it their new home is now middle-aged.
The financially-troubled Sherburne Commons elder-living community could have a new owner by fall, pending completion of a deal between a locally-controlled nonprofit group and the facility’s current off-island leaseholder.
When the stock market rose 30 percent in 2013, plenty of fund managers had a triumphant year. Almost anyone can post good numbers in a bull market, though. It’s like sprinting downhill with the wind at your back: The chances are good that you’ll be pleased with your own performance.
It was before the era of E-ZPass. Neale S. Godfrey, mother of two, pulled up to a toll booth on the New Jersey Turnpike with her young children in the back seat. She rolled down the window and threw some change into the basket. The toll gate lifted.
The town will soon apply for a state grant to help ease the flow of traffic in the mid-island area, including enlarging the Milestone Rotary, creating a roundabout at the Fairgrounds and Old South roads intersection, and reconfiguring two nearby intersections.