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It is hard to believe that this is our 48th newsletter. We started the company in 2005, convinced that there was a different way to practice real estate on Nantucket. Shortly afterwards we weathered the long recession but are happy to report that we have built the company the way we envisioned it: with experienced agents who are well informed and treat one another with a high level of mutual respect. Although we have a thick office policy manual, we operate under the simple principal of treating people the way we would expect to be treated. This seems to be working. We are very pleased to announce that Erikka Perkins, who has worked with us since we founded the company, is now our dedicated Rental Manager. Erikka, who is also a broker, has many years of experience with the logistics of rentals. When you call our office you will likely encounter the cheerful voice of one of our staff people: Geri Walker has been one of our office managers since 2012 and we recently welcomed Ani Mulcahy to Atlantic East as our newest office manager. We feel that we have the team in place to make sure that we are doing the best job possible as we head into the summer season. We can say, with some relief, that last winter was fairly easy - at least in terms of the winter weather. It was a vast improvement over the previous winter and it seemed to fly by. Now, with the days longer and the sun stronger, we have turned our backs on winter and are looking ahead to summer. So far this year the real estate market on Nantucket continues to perform well. Factors that are undoubtedly helping are: low unemployment, the price of oil stabilizing, inexpensive money and happier investors than one year ago. Although we are in an election year, it remains to be seen how that might impact the Nantucket market. Prices on the Rise: The average price of all real estate selling on Nantucket (during the 1st quarter) is $1,869,000, an increase of 8% over 2015. The average price of a home on Nantucket is now $1,938,000 and the median price is $1,450,000. The average price of a vacant lot is now $1,434,000 and the median price is $766,000. Continued on Page 2....