Ventnor Real Estate Hot, Says New Jersey Monthly Magazine


Ventnor Real Estate is hot, says New Jersey Monthly Magazine.

Contractors are busy. Lot’s of home building and upgrades.

‘They’re rehabbing everywhere,’ says Peter Romano, who purchased his three-bedroom ranch last year for under $350,000.

Ventnor is a great beach town, a hidden gem. At one time, seen as a ‘pass-thru’ town.

Why a boom in Ventnor vacation home sales?

  • Historically low interest rates.
  • Reduced foreign travel.
  • Tax abatements.
  • Fewer opportunities in over-developed shore towns.
  • Convenient location

New Jersey’s Hot Housing Market: Ventnor.

  • Non-commercial beachfront boardwalk connects with Atlantic City.
  • 1,000 ft ocean fishing pier. Longest in New Jersey.
  • Great restaurants and three new liquor licenses.
  • Art Deco Ventnor Square Theater restored and reopened.
  • Relatively affordable compared to neighboring Margate.
  • Generally larger lots. Wide variety of mature housing stock.
  • Excellent recreational parks, including 7 new pickleball courts.

As seen in New Jersey Monthly:

  • A trio of five-bedroom, five-bath, single-family homes under construction on the beach block of South Oxford Street were each recently listed above $2 million.
  • A 1,100-square-foot condo on the boardwalk that sold for $202,450 in 2017 went for $405,000 in January 2021 after a complete renovation.

Renovations and new construction are driving prices up in Ventnor.

For latest news about Ventnor Real Estate, contact Sherri Lilienfeld of ApexPrime.com

Call 609-487-9996.

According to New Jersey Monthly: In June, the median price of 190 Ventnor listings on Realtor.com was $423,000, with 29 properties listed for less than $200,000—unheard-of at much of the Shore.

Leave a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

X
X