It's A Buyer's Market In Sea Isle City, New Jersey

Due to the recent economic crisis, the real estate market is still in a fragile state

. It is getting better, but it is a buyer's market throughout the country and will likely remain that way for some time. The popular vacation town of Sea Isle City, New Jersey is no exception to the rule.

With near historical lows on mortgage rates for qualified buyers and property values that have rolled back to 2003 values, many real estate investors see this market as an ideal time to acquire vacation rental properties or second homes, and Sea Isle City is certainly worth consideration for such an investment.

The Jersey Shore is a popular Eastern Seaboard vacation destination for Philadelphia and New York City residents due to its proximity and its stunning beaches of white quartz sand. Even through the current economic troubles, this region has maintained a prestigious and luxurious reputation, drawing young socialites, college students, families, and all kinds of other tourists with its many assets - charming seaside communities, boardwalks full of family attractions, unique festivals, fine dining, boutique shopping and a thriving live music scene.

Situated on a barrier island in Cape May County, the southernmost county of New Jersey, Sea Isle City boasts relatively mild winters as well as slightly lower temperatures than the rest of the state during the summer. It has about 3,000 year-round residents, giving it a small-town feel - a perfect place to escape from the city and relax. Most of the real estate available consists of vacation rentals owned by investors as well as private vacation homes. While it is best known as a summer beach hotspot, the town is starting to be recognized as a peaceful winter getaway, and offers many spring and fall activities as well.

As the Jersey Shore's reputation for being a desirable vacation destination has increased over the last decade, so, too, did real estate prices. Sea Isle City certainly experienced the boom, but it was not insulated from the economic problems that the rest of the country faced. While the town still has a thriving tourist industry, rental properties are available for purchase far less expensively than they have been for some time.

In this economic climate, it may be several years before we see any noticeable increase in property values. Of course, not just any property is a good buy, and it is important to understand average rental rates for homes in the area before deciding to invest. An experienced Sea Isle City real estate professional who keeps close tabs on vacation rental rates will be able to assist investors in selecting properties with the greatest opportunity for return on investment.

The recent economic downturn has scared many people out of investing in vacation homes as well as other real estate, allowing some savvy investors to take advantage of the glut of properties on the market. The right purchase of Sea Isle City rental property could bear much fruit over the years for prudent real estate buyers.

by: Stephen Daniels

POST COMMENT

New York Trails For Your New York Tails Raising A New Puppy Why You Won't Achieve Your New Year's Resolutions The Suppression Of Free Energy Inventions Buying A New Or Used Car 4 Hot New Digital Cameras New Foreclosure Laws - Federal Changes 6 Tips For Creating Powerful New Year's Intentions! New Cubicles Upgrade Workspaces California Foreclosures - New Laws That May Affect You Safe Hand Transfers - A New Revolution In The Timeshare Industry Can You Really Make Your Own Solar Panels? Temporary Fabric Buildings: An Energy-efficient Solution