The Sea Isle City Real Estate Market Has Changed
February 9, 2010 on 8:01 am | In Real Estate | No Comments>
As you may or may not be aware, the real estate market in Sea Isle City, New Jersey has changed over the past several months. What have been many good years of double digit appreciation, has now slowed down significantly. For over half of a decade, sellers have been able to cash in on their properties with profits that were unheard of. Everything was wonderful for anyone who owned a property in Sea Isle.
The situation is still good for property owners, if you take the right steps and keep the right frame of mind. If you are considering selling your Sea Isle property and have owned it for more than a few years, you can still cash in and make a large profit. The key is to educate yourself on the current set of properties for sale in Sea Isle City and what has sold recently. You should keep an eye out on all similar properties that have recently been sold, or put on the market for sale. By doing this, you will stay familiar with what the real estate market is doing so when you are ready to sell, your awareness will help you pick a realistic price to sell your home for.
Right now there are approximately three hundred properties listed for sale in Sea Isle. The inventory is high. The prices have risen over the past years to an all time high, which is great for everyone but the buyers. Because of the escalating prices, our margin of qualified buyers has lessened, therefore creating more properties available for sale than there are buyers.
It is only human nature for owners to expect their properties to be worth more each and every year. I own a property myself, and that is what I want and expect. The properties have been on a steady increase since 1994, and have skyrocketed for the past seven years. If you purchased a property in 1998 and it was on a full size lot, the chances are that your property has at least doubled, if not tripled in the past seven years. That is a fantastic return on your investment.
If you are ready to sell your Sea Isle property, the thing to remember is not to be concerned about what it would have sold for six months or a year ago, but what you purchased the property for and what you can sell it for right now. Figure out your profit and you will be very pleased with the outcome.
About the Author
Joe Prato is a real estate agent working in Sea Isle City and Cape May County, NJ. He has written a series of guides to help you plan your next Jersey Shore vacation. His website, provides tools to help locate a summer rental or vacation home in Sea Isle City.
In City Real Estate, Old Clans Are Shrewd Again - New York Times
February 9, 2010 on 8:00 am | In Real Estate | No CommentsIn City Real Estate, Old Clans Are Shrewd Again - New York Times
From left, Douglas and Jonathan Durst, cousins in the Durst real estate family, at their offices at 1 Bryant Park in Midtown. Adam Rafael Rose, co-president of Rose Associates. Although they had spent more than five decades carving their names into
Pattaya Thailand, Real Estate Boom?
February 8, 2010 on 9:02 pm | In Real Estate | No CommentsPattaya in Thailand, whilst a favoured tourist atrraction to many a Thai soulmate seeking Westerner, it is also becoming a booming real estate network.
If you ask any real estate agent here in Pattaya if this is just the current fad, and if that property bubble is about to burst, they will more than likely laugh in your face and say “This is just the beginning!”.
Pattaya Beach and Jomtien Beach are still currently the resorts that many people fly to each and every year and who can blame them - stunning food and restaurants, beautiful Thai women at every turn and hospitality like no other place in the world.
However, if you travel out and about those resorts, you will see building work at every turn as oppose to those beautiful Thai women I mentioned earlier. So something is certainly getting people excited!
There are shophouses, full blown communities and villas being built and with the land still available here in Pattaya, it shows no signs of slowing down.
So what is it about Pattaya that is creating this almost ‘goldrush’ of housing projects? Well that could be a number of things. There has been a lot of talk and meetings with hotels of proposed Casinos being built in the area and that project looks certain to go ahead at some stage, who knows when is anybody’s guess. Rumours of Theme Parks have been mentioned also but these reasons are still to happen and let’s face it, there may be a possibility that none of that happens.
My view is, which ever way you look at it, Pattaya will continue to be a popular tourist and expat attraction for many years to come and wave upon wave of tropical sun seeking foreigners (or farangs if you’re Thai) will discover this country and learn to love this culture. Holiday homes, retirement homes and playboy homes will be sought after and there will be the supply for the demand.
About the Author:
Creator of http://www.sinlapa-asia.com - a new information site on all that is Asia.
RSS feed




