Here we are in January 20, 2013 and The Landis Co. is gearing up and retooling for a very exciting new year in Sea Isle City. So why do we say that? First of all the city is making great strides in infastructure with construction all around town. One of the major projects is the JFK Boulavard area improvement project. More about this will be focused in a future blog post or read some of the previous posts.
Two things have us feeling good about this years rental season. These are a supply and demand issue.
One is that we are finding many of our tenants are either booking the same property in advance or hurrying to pick a different one before the big rush that comes in February.
The second is the stablizing in the real estate market in Sea Isle City. Last year we saw a 50% increase in sale with a total of 228 units sold. Many of these properties are now off the rental market which has lowered the total number of rental properties. We will be monitoring the rental permits and get that information out later in the year. With even half of the properties no longer on the market that is a lose of 1140 weeks of inventory. Additionally many agents are also hearing that many owners seem to be blocking out more owner weeks for some reason as well making this year more problematic for tenants that like to wait until the summer for picking a rental property.
This is not the year to play games if you want to be in Sea Isle City this summer. We look forward to helping you secure your vacation rental. Find us on the internet at www.Landisco.com or call one of our professional agents to send you properties and get you ready for the summer.
Jim Sofroney
The Landis Co., Realtors
6000 Landis Avenue
Sea Isle City, NJ 08243
(609) 263-3400
info@LandisCo.com
http://www.landisco.com/2013/2013-rentals.php
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