There’s still a buying frenzy in Ventnor, Margate and Longport, says Sherri Lilienfeld of Apex Prime Realty.
Watch the DownbeachBUZZ real estate webcast for Sept 29, 2021.
Items discussed during the webcast include:
Some Downbeach home sales turn into bidding wars. Limited inventory but still a substantial amount of buyers.
Sellers beware: Don’t let a real estate agent ‘buy your listing’.
Mortgage interest rates still low, but they did eek up a bit this week.
Tax abatements attract interested buyers to Ventnor. Next door, some were getting priced out of the Margate market.
Margate’s Marven Gardens: trying to hold onto original character.
Ventnor’s rapid evolution. Forever-empty lots now being developed. Massive estates.
What’s hot with Downbeach snowbirds? Condo vs single family homes.
Rising real estate ratables: more money for City Hall to spend.
Pickleball as mandatory amenity along the shore.
Notable: Development Santucci’s & Ventnor Square Movie sparks buyer / commercial interest.
Higher taxes with low prices make Lower Chelsea a remarkable value along the Atlantic City shoreline.