Owning a house down the Jersey Shore is a dream many people in the Garden State and elsewhere share. Whether you fell in love with the Jersey Shore from yearly treks as a child or you discovered the Jersey Shore later in life, owning a home down the Shore is a dream that can be realized. But is now the right time to take the plunge and invest in a second home down the shore?
If you don’t follow “The Shore Report,” a quarterly publication we release to highlight what the Jersey Shore real estate market looks like, we would highly encourage you to do so. Each report consists of data on housing trends and comparative analysis. The goal is to help interested buyers and sellers learn where the market is going. If you had read the latest issue in May, you would discover the following about Jersey Shore houses for sale in these towns:
Brigantine: Brigantine has offered value to real estate investors for years, and it been one of the hottest markets of the Jersey Shore. Home prices are appreciating, providing investors with a good return.
Atlantic City: Although there have been economic troubles in the past that have caused real estate values in Atlantic City to go down, there has been a renewed interest in new building and renovation. Atlantic City property values should go up as more development and renovation occurs in the city.
Ventnor: Ventnor home owners should be very happy with the fact that home values are going up, making it a seller’s market for the first time in a very long time. There has been significant interest from investors in Ventnor as they see the value and potential in this South Jersey beach town.
Margate: Home values in the area are expected to go up as new construction homes and condos pop up everywhere in the town. Margate is a year-round town for many and offers a tight community spirit, providing ample opportunities for those who want to make the Jersey Shore a second home.
Longport: Longport should remain a top choice for luxury home buyers looking for a quiet, exclusive way of life down the Jersey Shore. Longport home values should remain constant for the foreseeable future.
Next month, we will be releasing a new Shore Report to highlight the latest news on the Jersey Shore real estate market. As investing in a Jersey Shore home is a very personalized decision, we would also encourage you to contact one of our agents today to discuss your options and see whether now is the right time to invest in a home down the Jersey Shore.