Ventnor, Margate, Longport, Lower Chelsea, and Brigantine. All South Jersey shore towns are separate, unique, real estate markets. Can’t compare the Downbeach Real Estate market to EHT, Cherry Hill or Linwood.
When pricing a home, do you place a cash value (comp) on the structure and location?
Recently, we hear more talk about ‘land’ value rather than ‘home’ value. This helps explain popularity of teardowns and new construction. Even with a 10 yr old home.
Watch Sherri Lilienfeld of EXP Realty on the DownbeachBUZZ Real Estate webcast from Aug.25.2023
People hate to lose their 3% interest rate. So, a growing number of residents are just upgrading their current home instead.
Move in, upgrade or tear down.
11 North Sumner. Margate. $1,499,000
Home upgrades. Dealing with contractors and builders.
Contractors taking on too much new business.
Some customers waiting far too long for a new kitchen, and paying way too much too!