Great Point Properties Market News

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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. 

Nantucket real estate market report chart - February 2012

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:


Nantucket real estate market report table - February 2012

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.

Nantucket

US Wages are Historically Great, or Awful

Friday, April 24, 2015

Wages for most workers have been rising only slowly since the recession ended, one factor limiting acceleration in consumer spending and faster economic growth.

Source: www.wallstreetjournal.com

6 Water Saving Landscaping Ideas

Friday, April 24, 2015

With the sun shining down on your lawn this spring -- and the chance you could be facing days without rainfall -- you'll probably be watering or turning on the sprinklers more often. Rather than watching your water bill dramatically increase, take this opportunity to look at how you can make your landscape water-efficient. Water-efficient landscapes can:

Source: realtytimes.com

NYC Fast Ferry Trial Run Begins in June

Friday, April 24, 2015

Summer visitors from New York and New Jersey looking to leave their cars at home could have a new way to reach Nantucket, if a two-weekend June trial run by a New York fast-ferry company shows sufficient demand.

Source: www.ack.net

Justice Department Sues Quicken Loans Over Mortgages

Friday, April 24, 2015

The Justice Department filed a lawsuit Thursday against Quicken Loans, the nation’s third-largest mortgage lender, contending that it made hundreds of improper loans through the Federal Housing Administration lending program, costing the agency millions of dollars.

Source: www.nytimes.com

Nantucket the Fastest Growing County in MA

Friday, April 17, 2015

Nantucket, the smallest county in Massachusetts, was the state’s fastest growing last year, according to new data from the US Census Bureau.

Source: www.bostonglobe.com

GPP