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.
Banks are handing out mortgages of as much as $10 million to the wealthy in record numbers while first-time homebuyers struggle to get loans.
Nearly one in four U.S. banks said they had eased mortgage-lending standards for borrowers with strong credit during the second quarter, the largest such movement by lenders since the housing bust hit nearly eight years ago. The homeowners, from Norway, incorporated Scandinavian influences into their design of this five-bedroom, full floor condo overlooking the Hudson River; creating separate spaces for informal and formal living.
If your vacation home or condo is in a short-term rental program then you’d likely benefit from hiring a property manager. Here are 4 things to look for as you search for the right manager to hire.
It was a gray and cloudy morning, and the fog was rolling across the grounds of Stonlea (pronounced stone-LEE), a sprawling Gilded Age estate here on a hill overlooking Dublin Lake, with a view, on most days, of Mount Monadnock. Polly Guth, the 87-year-old owner, was leading a visitor on a house tour that featured lots of the expected Gilded Age-y things.
Nearly 20 people stood before the Board of Selectmen last night during a second public discussion regarding Nantucket Cottage Hospital’s proposal to relocate its facility to town-owned property in Wyer’s Valley.