** Sea Isle City market report link below. **
With the summer in mid stream and the tenants of the four prime weeks are enjoying the best Sea Isle City has to offer. As we all know from our own experiences the ether from the fun, heat and alchol makes longtime tenants our favorite prospects for condo or townhouse buyers.
The market is prime for what I call “The Move Up Cycle” because many homeowners have experienced increased equity for the upward price movements of the past six years. Our prices are approximately 10-15% for the top of the hyper aggressive days of 2004 and 2005. This time around we have worked through the cycle much more orderly and are looking at a five to ten year growth spurt because of supply and demand issues brought on by the wave of Babyboomers that are still experiencing more discrectionary income and incredibly low interest rates. My position that some might not quite believe is for the fact many owners over the next few years will either rent less weeks or not rent at all because of having more time to spend at the shore, retirement, or just no need for the rental income to cover expenses. This is the time to look at that move up (trade up) home while the prices are stable.
Thank you and I hope you share it with people who might be interested. Many of you own your properties with spouses or partners so please send me there email addresses and I can send them to them each month as well.
Enjoy your Summer and let me know if I can ever help.
If you still want to view the SJbeachHomes.com property search click here.
Respectfully, Ian Lazarus