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Last year was a year of change for Atlantic East Nantucket Real Estate. We purchased our new property and moved our business to 82 Easton Street in April, we welcomed two new agents, Linda Bellevue and John Trudel, to our office. We updated our rental program to better serve our rental owners and visitors and are currently making changes to our web site, NantucketRealEstate.com. What did not change are the fundamentals of how we do business. We do one thing only and that is list, sell and rent real estate on Nantucket, full�time and all year long. We are one of only two offices on Nantucket that practice Designated Agency - which means that we really do work for our clients by representing only one party at a time. Our Brokers hold more professional designations than any other office on Nantucket and take leadership positions within the community and the real estate industry. We are also all Realtors and our agents have the most experience, an average of 21+ years per licensee, on the island. Along with this experience comes island knowledge. We are locally owned and managed. If you are a seller you will never be charged an extra fee to pay an off-island franchise owner. Our business is largely referral based which means we are getting the job done and we must be doing it well! As we commence our 10th year in business, we thank you for your past support and look forward to working with you in the future. We are grateful for so much this year and especially for the continued recovery of the Nantucket real estate market. There have been steady gains since 2010 with a reduction in the number of properties for sale, fewer distressed sales (short sales and foreclosures), and a steady number of transactions, clearing out some inventory that had been languishing. Interest rates remain low, confidence is rapidly rising and buyers are finding that they need to act more quickly than in the past. A few years ago, a buyer could wait and see what happened to a particular property - not so any longer. If you are a buyer and see a property that will work for you do not wait. Change has come very rapidly from a still somewhat shaky market at the beginning of 2012 to the current very active and rising market conditions. The real estate market on Nantucket typically follows the financial markets which experienced strong gains with the Dow Jones Industrial Average up over 27% in 2013. Continued on page 2...