The April 3, 2025 DownbeachBuzz podcast analyzes dramatic shift to Real Estate buyer’s market in Margate, Ventnor, and Brigantine.
Sherri Lilienfeld of EXP Realty strongly advises potential buyers to utilize a buyer’s agent, especially cash buyers, given current market volatility.
- Price reductions.
- Increased open houses.
- Short-term rental market.
- Days on market.
The real estate market in Margate, Ventnor is shifting towards a buyer’s market, evidenced by over 30% of properties experiencing price reductions and longer DOM, days on market.
Increased # of open houses signal a more competitive market favoring buyers.
Advising viewers to use a buyer’s agent due to frequent price reductions.
Oversaturation of the short-term rental market (Airbnb, VRBO), driven by investor purchases in 2021.
Some landlords switching from short-term to long-term rentals.
Key Takeaways
- Jersey shore real estate market shifted to buyer’s market.
- Increased negotiating power for potential buyers.
- Use buyer’s agent to navigate complexities of seashore buyer’s market.
- Approx 30% of properties for sale experiencing price reductions.
- Buyer’s agent. Need for buyer representation.
