Thoughts on the Market

This weekend is the first big rental check in weekend- summer has arrived.  Tenants who love vacationing at the shore are our future buyers.  My expectation is that the sale activity will increase as our visitors discover that they have options within their price range.

We are surrounded by well maintained homes of every size and shape. But we are actually selling lifestyle, family time, outdoor activities, salt air, and time away from reality. 

Avalon and Stone Harbor are well respected beach communities. The Seven Mile Beach will continue to be a smart place to own a second home, a rental property, or even live year round!

 

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Learning the Language

A simple guide to the local language:  “off shore”- one of the communities just off “the island” , but still within Cape May County.  If you live “on the island”, it is a big event to “go off shore” (only for gas and groceries as needed).  Our other destinations are “the mall”- which used to mean the Shore Mall off exit 36, but now describes the Hamilton Mall in Mays Landing; and Philadelphia (which can mean anywhere in the surrounding area). 

Friends who live north of Atlantic City, live in “north Jersey” (which they obviously dispute- but that’s how we define the state border!).  New York City is like another country- our forefathers emmigrated to “the shore” from Philadelphia, so our allegiance goes back for generations.

How do you identify a local?  They know the tide schedule for the day; they check the flags for wind direction and plan their outdoor activities accordingly; they walk or ride their bike whenever possible; they cringe when they see a “newbie” trying to put an umbrella in the sand- and eventually walk over to help; they secure their deck furniture and trash cans when “weather” is predicted; and they are smiling as they walk along the beach each day- of course!

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Philadelphia Magazine- June issue

The “Shore Guide” arrived in my mail just in time for Memorial Day Weekend after work beach reading.  I especially loved the list of “We Can’t Wait To …”  Many are laugh out loud and right on the mark funny!

Even those of us who live here year round get excited about sharing the traditions of summer with our family and guests.  You can’t help getting caught up in the vacation spirit.  Happy Summer!

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Summer = Kohler’s

What marks the official start of summer?  Standing in line at Kohler’s for sticky buns and cream filled donuts! Judging by the crowds in front of the store this morning, I am not the only one who feels this way.

The island is busy and the weather is perfect for Memorial Day Weekend.  Thanks to the hard work of our municipal workers, the beaches are groomed, the center islands are attractively landscaped, and the town sparkles for our visitors.

 

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Market Update

I heard a great quote last week describing our current real estate market: “we are bouncing around the bottom”.  I think that says it all.  No one has the ability to make absolute predictions, but I sincerely believe that we will look back in a few years and there will be regrets of missed buying opportunities. 

During my 25+ years of selling real estate on the island, I can’t tell you how many times a potential buyer has said “I remember when I could have purchased that property for $—“.  We know from experience that today’s prices will eventually seem like a bargain. 

Why?  The second home market is fueled by the wealth of the baby boomers; Avalon and Stone Harbor have brand name recognition for those baby boomers; mortgage rates are favorable; the Jersey Shore is a convienent drive for short visits (a general vacation trend); and this is a beautiful area!

When you or your friends are ready to buy a beach house, I will be here to help!   Call or e-mail with any questions: 

(800) 682-5940  or  ann@anndelaney.com

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Is Seashore Real Estate Over Priced?

I have lived here all my life…and can remember when a full size lot sold for $15,000 (“who can pay such prices?”).  During the 25+ years of selling real estate on the island, I have heard numerous statements of doubt about the prices (“Are they crazy…$200,000 for that house?”). 

But ask me the value of a home at the shore as you walk along the beach in the early morning with the sun reflecting off the calm ocean- and dolphins riding the waves!  Worth every penny!

And the good news- this privilege is available to all of us.  From the basic condo or cottage owner- to the owner of the spectacular new construction nestled in the dunes.

Thankfully, we have a wide variety of options- priced from $400,000 and up. Call or e-mail me if you are ready to enjoy life at the beach!

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Countdown to Memorial Day

The rush begins.  Homeowners are in town purchasing trash cans and deck furniture.  The cleaning companies are busy with spring and window cleaning requests.   Beach chairs and beach tags are in demand.

Will this be the year for a warm, sunny Memorial Day Weekend?

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Summer Rentals at the Shore

Do you have friends or relatives who have yet to plan their summer vacation?  Please let them know that we have a wide selection of properties available- from basic cottages to new construction (and some with pools). 

I will be happy to e-mail a list of options- just give me a call (800) 682-5940 or e-mail ann@anndelaney.com

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Sunshine!

What a treat to walk along the beach this morning with the sun on my face (and SPF 15 of course!).  After weeks of cold, rainy weather, we have a beautiful weekend to enjoy.  Ideal conditions for real estate shopping, too!

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Spring Time at the Shore

We all look forward to spring time- but at the shore, the weather is a test of patience.  2 weeks ago I cleaned my porch and deck furniture on a warm sunny day, and last weekend I had to tie it down in anticipation of the nor’easter cruising up the coast.  The winds change to a south and east flow- creating more foggy and damp days.  We love that same ocean breeze all summer long, but in April and May it makes for some dreary days.

We were fortunate with the weekend storm.  There was typical tidal flooding along some streets near the bay. 40 mph winds that turned from the NE to West (which helped with beach erosion).  Plenty of rain for our small yards and flower beds.

yard.jpg

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