Photograph by Mary Taaffe
This photo of a magnolia tree on Orange Street was taken this afternoon after the rains passed through.
A sure sign that the dreary rain is bringing spring a little closer to Nantucket day by day.
~Mary Taaffe
It’s never too early to start your Nantucket Summer Rental Search! Use our Rental Search Tool to browse available listings or Contact Us to learn more about upcoming availability.
Update! The White House has extended and expanded the homebuyer tax credit through June 30, 2010, as long as a binding sales contract is signed no later than April 30, 2010. First-time homebuyers and non-first-time homebuyers are now eligible for the credit. Highlights of the expanded homebuyer tax credit are:
To qualify for the first-time homebuyer tax credit, you must be a homebuyer who:
| Filing status | Date of purchase | Full credit income limits |
Partial credit* income limits |
|---|---|---|---|
| Single or Head-of-household |
Before Nov. 7, 2009 | less than $75,000 | $75,000 to $95,000 |
| Nov. 7, 2009 or later | less than $125,000 | $125,000 to $145,000 | |
| Married filing jointly | Before Nov. 7, 2009 | less than $150,000 | $150,000 to $170,000 |
| Nov. 7, 2009 or later | less than $225,000 | $225,000 to $245,000 |
Go here for more information.
If you buy a home November 7, 2009 or later, you must also:
The first-time homebuyer tax credit income limits are:
| Filing status | Date of purchase | Full credit income limits |
Partial credit* income limits |
|---|---|---|---|
| Single or Head-of-household |
Before Nov. 7, 2009 | less than $75,000 | $75,000 to $95,000 |
| Nov. 7, 2009 or later | less than $125,000 | $125,000 to $145,000 | |
| Married filing jointly | Before Nov. 7, 2009 | less than $150,000 | $150,000 to $170,000 |
| Nov. 7, 2009 or later | less than $225,000 | $225,000 to $245,000 |
*The tax credit phases out for homebuyers with incomes in the partial credit range. Homebuyers with incomes above the upper limit do not qualify for the credit.
Use our Nantucket Sales Search Tool or Contact Windwalker today to help you find your Nantucket dream home while the tax credit lasts!
Monthly activity through February 28, 2010 brought in 23 sales totaling approximately $64 million, a 100 percent increase from February 2009, as measured by transactions, and a 346 percent increase by dollar volume. As compared to the prior five year February average, February 2010 is up by approximately 80 percent. This healthy increase in sales volume was boosted mainly by the $19.2 million sale of 15 Top Gale Lane. Excluding this sale, dollar volume increased 214 percent from the prior year and 25 percent from the five year average. So far the market is off to a good start and spring is just around the corner! For February’s monthly activity file click here.
Photo by Quint Waters
Ordinarily when the field behind Nantucket residences goes up in flames, it would be a cause for concern but prescribed fire is implemented on numerous properties across Nantucket Island owned by the Nantucket Conservation Foundation, the Nantucket Islands Land Bank Commission, and the Massachusetts Audubon Society as a means of maintaining many species of plants and animals. With over 50% of the island in conservation this is a common sight here.
These photos were taken on Wednesday, March 17th, 2010, on the Land Bank land known as the Gardner land off Hummock Pond Road in Cisco.
This was a nearly perfect day on Nantucket with no wind, not a cloud in the sky and warm temperatures…surely this must be another harbinger of spring.
For more information on controlled burns please follow this link:
http://www.nantucketconservation.com/page.php?section=2&page=prescribed_burning
To find a Nantucket rental near this conservation area (the smoke will be gone by then!) simply use our Rental Search Tool and check off the box next to ‘Cisco’.
