Wednesday, December 3, 2014 / by Teresa DiPeso
December News From The Shore
HOME MARKET STATS: Through November 30th of this year 300 properties have been sold in the local market, down 5% versus last year. This year’s average sale price is $1,322,527, up 12.8%. The median sale price is $1,060,875, up 17.8%. An additional 73 properties are currently under contract, with closing dates ranging from this week through June. Low interest rates continue to be a strong positive factor in the market. Rates are expected to gradually rise over the next year—take advantage of them now!
BUSCH’S RESTAURANT in Sea Isle City is no more—demolition of the 132 year-old restaurant began on Monday. Plans for the construction of a new building containing commercial and residential units have been approved for the site.
THANKSGIVING WEEKEND on the Island was a huge success. Restaurants and shops reported good crowds, and residents and visitors alike took part in the many holiday activities available all weekend long. Avalon Business Administrator Scott Wahl said the holiday weekend was busier than a summer weekend, according to an Atlantic City Press article from Sunday.
FAMILY GIFT IDEA: The Wetlands Institute offers gift certificates which can be redeemed for admission, merchandise in the Tidepool Shop, event tickets and more. What a great way to add a little summer to your holiday!
UPCOMING EVENTS:
North Wildwood- Christmas Tree Lighting, music, Santa, free refreshments & tree lighting, Hereford Inlet Lighthouse Courtyard, 1st & Central Avenues, 5:30-7:30PM, Friday, Dec 5
Avalon- Christmas Bazaar, First United Methodist Church on Dune Drive, 9AM-3PM, Sat, Dec 6
Sea Isle City’s- Historical Museum Christmas Open House, call 609-263-2992 for info, 11AM-2PM, Sat Dec 6
Stone Harbor- Annual Tree Lighting, caroling, refreshments, 6PM, Wednesday, Dec 10
Sea Isle City- Holiday House Tour, view homes all decked out in their holiday finest, call 609-463-2846 for info & tickets, 6-9PM, Friday, Dec 12
Cape May County Zoo- Santa’s Family Workshop. Photos with Santa, crafts, educational stations, goodies, more, call 609-465-5271 for info, 10AM-2PM, Sat, Dec 13
