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Ocean City Nj | TERESA DIPESO JERSEY SHORE REAL ESTATE BLOG

Thursday, September 22, 2022   /   by Teresa Dipeso

100 Year-Old Wildwood Theater Gets New Life

The iconic Sea Theater in Wildwood, located at 4005 Pacific Avenue in Wildwood (between E. Spencer Ave. and E. Youngs Ave.), is over 100 years old.  Sea Theater opened in the 1910s as a nickelodeon (a place to watch silent films), before being converted to a store, and eventually a place to watch movies.

The theater has been closed for over a decade, with various plans to refurbish it that never materialized.  But that's about to change, and we have our first image of the new facade!  The new name appears to be Old Movies By The Sea.

Wildwood's Pacific Avenue-area has seen tens of millions of dollars of redevelopment in recent years.  With many original buildings being demolished to make way for modern amenities, the theater is a welcome preservation.  Check it out in Summer 2023! ...

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Thursday, September 22, 2022   /   by Teresa Dipeso

National Experts Make First 2023 Home Price Forecast

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have believed their home's value would significantly decrease.
Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation. The graph below outlines each expert forecast to show where they project home prices are going in the coming year.

To understand why experts are calling for appreciation next year, look to the economics of supply and demand. Dave Ramsey, Financial Expert, says this:
“The root issue of what drives house prices almost always is su ...

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Monday, September 19, 2022   /   by Teresa Dipeso

Now-Halloween, Explore Haunted Cape May

Explore the spirits of historic Cape May during specially-themed tours and events that tell the many ghost tales of this seaside town, including Ghost Walk with Craig McManus, Historic Haunts Tours, Séance at the Physick Estate, Ghosts of Cape May Trolley Tours, Ghosts of the Lighthouse Trolley Tours, Graveyard, Ghosts & Mansion Combo Tour, and more.
Stroll the beautiful grounds of the Physick Estate and visit Scarecrow Alley, with funny and spooky scarecrows along the walkways, and vote for your favorite!
Click Here For What To Do & Tickets ...

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Monday, September 19, 2022   /   by Teresa Dipeso

This Fall, Enjoy Cape May County's Wineries, Breweries & Distilleries

One of the best fall activities in Cape May County is taking a scenic drive to the different local breweries, wineries, and distilleries.  Enjoy great drinks, tour the facilities and talk to the experts to learn how beer, wine, and spirits are made. Send your palate on a journey with tastings and bring your favorite flavor home in a growler or bottle.  
Nauti Spirits Distillery 
Nauti Spirits Distillery is located on a 60-acre farm between the Atlantic Ocean and the Delaware Bay and offers artisan spirits that have been handcrafted from locally harvested ingredients. The facility features a tour, a tasting room, and bottle shop. Innovative cocktails that use fresh ingredients are created onsite. Nauti Spirits Distillery is located at 916 Shunpike Road in Cape May, NJ 08204. For more information call (609) 770-3381 or visit NautiSpirits.com.  
Cold Spring Brewery
Historic Cold Spring Village’s mission of historic preservation, history educati ...

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Monday, September 19, 2022   /   by Teresa Dipeso

Why Now Is Still A Good Time To Sell

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.
Buyer Demand Then and Now
During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below):
The orange bars in the graph above represent the last few months of data and the clear cooldown in the volume of home showings the market has seen since mortgage rates started to rise. But context is important. To get the full picture of where today’s demand stands, let’s look at the July data for the past six year ...

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Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
5901 New Jersey Ave
Wildwood Crest, NJ 08260
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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