Don’t forget to purchase your seasonal beach tags by Wednesday May 31st to take advantage of the pre-season discounted rate.
Category: Life at the Shore
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2023 Rental Season
Every year, Memorial Day weekend arrives “suddenly”. Spring weather at the shore can be iffy- so it’s hard to think about summer while still turning on the heat 😉
Yet here we are…days away from the official start of summer.
Our vacation rental business is quieter compared to recent years- with inventory available for prime weeks. We are counting on the last minute planners to help fill the properties!
This situation is not unique to Avalon and Stone Harbor, or just Jersey shore communities. Personally, we are experiencing similar vacancies with our South Carolina rental condo. And the agency there is allowing bookings for less than one week (unheard of for July and August). I also talked with a friend who owns a beach house in North Carolina- same issue with open weeks.
After 40+ years of handling summer rentals, I know that change is inevitable…and we will adapt!
Happy summer!
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Wildlife Walks
As I admired the pelicans flying low along the ocean, a turtle literally crossed our path.
Turtles are common along the bayside of the island- not a typical sight on the beach!
He/she stopped at the water’s edge, and then turned around. We were able to follow the trail in the sand on our return walk- all the way up to the dunes (it was low tide, so this was a long journey).
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A Slower Vacation Rental Season
Rental property owners and agents are frustrated with the number of prime weeks not yet rented this summer. A few have reduced their rates in order to stand out from the crowd.
For prospective tenants, we are sharing the message that it’s not too late to book! AND, that tenants can save significant money by booking with a local agency rather than a social media site.
My knowledge of the area and the properties in our inventory adds value, too.
I’m here to help with your plans!
609-967-7950 office or ann.delaney@tksir.com
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Stone Harbor parking app
The Borough of Stone Harbor has contracted with the company Park Mobile for the metered parking in the business district.
For more information regarding the service and app: Park Mobile
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Summer Rentals- still available
We have wide variety of homes and condos with open weeks for this summer.
If you know anyone who has yet to finalize their vacation plans, please share this info!
Thank you for your referrals.
ann.delaney@tksir.com
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Thoughts on 2023 Rentals
In the fall of 2022, we had strong demand for the summer of 2023. Repeat tenants were ready to confirm reservations and regular visitors were activity searching to secure their rentals.
Yet the flurry of activity did not continue into the new year.
In talking with other agents also active in the local rental market, there are several theories:
- The pandemic created a captured market. Now families feel more comfortable traveling, and can consider other options for vacations.
- Rate increases pushed some tenants to look elsewhere for a rental.
- With all of the new construction, our inventory has evolved. Large homes with pools have become the norm- therefore increasing the median weekly rate across the board.
- Schools, sports and camps are back to pre-Covid schedules. Families have to work around these commitments, which in turn reduces the number of prime rental weeks.
So this may be a transition year that will force us to look realistically at the market.
In the meantime, we are thankful for the procrastinators to help fill the empty weeks!
