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Jersey Shore Real Estate Market Advice Needed | Forum

Topic location: Forum home » Support » General Questions
John
John May 27
Posting this here as I am always astounded by the useful and detailed information that is posted here about a wide variety of topics.

We are currently starting to think about buying a home at the beach (South Jersey, Sea Isle or nearby) and the prices are crazy. We are fine waiting it out a few years but interest rates and covid not going away are motivating factors to jump in sooner. Realtors seem to be in cahoots in these small towns pumping up/holding prices and all talk about how things will keep going higher and that over a 10 year period (shore cycle) home prices double historically, yet have no data to back it up.

Trying to gauge what those of you who own beach houses think of the current real estate market and where you think its headed for beach houses in NJ? Do you see it cooling off and significantly dipping? We plan on renting it for 5-8 weeks in the summer. Rental rates seem at an all time high and hard to find data. Are they and if so how much (%) higher than pre covid? What advice do you have to someone pondering jumping into this market? Appreciate any tips/feedback you have.
Alex Marks
Alex Marks May 27
99, I have never owned any property so I can’t help on prices/value/etc. One thing I can tell you living at The Shore—really investigate flooding. Can’t tell you how many times I am driving into Island Beach State Park and see streets closed off in Seaside on the Barnegat Bay side. And I will think to myself, heck, there wasn’t THAT much rain last night. But sometimes the wind, timing, etc. After Hurricane Sandy, rebuilt houses were built higher, but lots of houses have not been changed.
Claudette Leanna
I've spent some time navigating the Jersey Shore real estate scene, and it's definitely a unique market. One piece of advice I'd offer is to really hone in on what you want from your property. Are you looking for a bustling beachfront spot or a quieter retreat further inland?

I remember when I was scoping out options, stumbled upon Dorchester Ela Residences. Even though they're not right on the shore, their blend of modern amenities and cozy vibes made them stand out. It's all about finding that perfect balance between location and comfort.
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