Sea Isle City Reflections

The annual Polar Bear Plunge in Sea Isle City, which will be held on Presidents weekend will be exiting and exhilerating for all that participate. Whether you take the plunge, or are one of the hundreds of cheering spectators, this year could be the one of the warmest in recent history. If the weather continues as it has, you will see many more than usual dive into the salty water at JFK Boulevard and the beach.

If you are trying to locate accomadations for this weekend, I recommend trying the Colonnade Inn located at Landis Ave. and 46th Street. You can rent a studio unit or up to a three bedroom condo to fill your needs. The great thing is that you can rent a minimum of one or two nights depending on the demand for the weekend.

The Colonnade’s phone number is 609-263-8868 or you can visit their web site at www.thecolonnadeinn.com.

The Sea Isle City NJ Rentals for 2007 is well on its way to be a bannar year. Inquiries have been strong since Thanksgiving. The warm weather has had an effect on renters coming down to Sea Isle. Many come down in the off-season to rent their property, and enjoy the rest of the day at the Jersey shore.

Whether you are renting on line, or taking a weekend drive to the unusually warmer winter weather to choose your property, you may want to book your dream vacation home soon. The inventory is limited and every day some are taken off the market.

Overall, 2006 was a very slow year with property values coming down and leveling off. Most buyers waited to see what was going to happen and how low the prices would come down.

We had a huge inventory of new construction because purchases and permits for the new construction occurred in the fall of 2005 before the slow down started. This lead to a large number of new construction properties being completed in the spring and summer of 2006, and not too many buyers. Owners waited, and eventually lowered the prices until they started to sell. November and December of 2006 started showing an increase of interest in these properties. Our office had a good December compared to the rest of the year. It seems that buyers are starting to purchase again.

My advise to anyone who is still interested in owning a property at the Jersey shore is to start looking now. We are only one week into January and the calls for properties are starting to come in. The news media is suggesting that the 18-month market correction that followed the four-year housing boom has just about run its course. Interest rates are still very reasonable, (about 6%), which makes the conditions very good to buy a property at the shore. I am personally looking for another investment property because I believe this is the right time to do so, before everything starts taking off again. 2007 looks to be a good year for Real Estate at the Jersey Shore.