Sea Isle City Reflections

I’ve sold real estate in Sea Isle City for the past ten years and everyone is now questioning if Sea Isle, along with every other city, is in a “Boom” or “Bust” in terms of Real Estate? The media is creating the “Bust” mode by all the attention it is giving it. This morning on “Good Morning America”, Diane Sawyer was doing a segment on “The tricks of the trade” when it comes to Real Estate Agents, and at the very beginning, she mentioned that Housing Sales across the nation has been the highest ever the past few months. She immediately went into the segment and had nothing else to say about this very strong fact.

Had the housing sales been low or the lowest in the past few months, I can say without hesitation, that this would make the headlines and have several segments about it.The media creates the situations that happen because of their sensationalizing a topic. The media knows this will get the attention of their viewers and therefore get sponsors and advertisement.

Sea Isle City has a lot of properties for sale, and I believe the reason is because people panic over what they hear from the media. Many owners of properties that would have normally not been ready to sell are now putting their properties on the market because the media states that the bubble has busted and the real estate market is in for a bad time. Had the owners not heard this, the market would not be flooded with inventory.

On the flip side, the potential buyers are listening to the media and either deciding that it is not a good time to buy a property, or that there are bargains to be had and coming in with ridiculously low offers on properties. Either scenario results in properties not being sold and inventory being high.

I compare this situation to many years ago when the media told their viewers that there was going to be a shortage on toilet paper, so everyone went out and stocked up on toilet paper, which created a shortage. The media has a lot of power in influencing their viewers.

In conclusion, I feel that the market in Sea Isle City is still strong, and once the buyers and sellers realize that property values are not going to “Bust” down at the Jersey Shore, buyers will once again start to purchase their “Dream Beach House”, and both buyers and sellers will be happy with their real estate investments. Everyone wants to own a part of the Jersey Shore!!!