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TERESA DIPESO JERSEY SHORE REAL ESTATE BLOG

Friday, January 20, 2023   /   by Teresa Dipeso

What's Going On With Home Prices At The Shore?

There is a lot of noise out there about the real estate market.  Naturally, any softening from the peak of the recent seller's market will feel like a dramatic shift, and headlines will make the most of it.
So let's see what the facts have to say with the latest sales data (January-November 2022) and compare it year-over-year with 2021.
While total sales saw a decrease of 23% in Cape May County for Jan-Nov 2022 vs Jan-Nov 2021, prices have still exceeded the national average!
Nationally, in this same comparison, home prices have increased 9%.  As you can see in the table below, the Shore continues to be an OUTSTANDING return on your investment!
Contact me today to buy or sell at the Shore!   Search All Shore Homes Here
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Monday, January 16, 2023   /   by Teresa Dipeso

Is Now The Time To Sell Your Shore Home?

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.
A recent report from the Institute for Luxury Home Marketing (ILHM) explains just how much remote work impacted the demand for second and luxury homes:
“The unprecedented ten-fold increase towards remote work since the pandemic is an historic development that will continue to fuel second home demand for many years to come.”
But what if you bought a second home that you no longer u ...

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Monday, January 16, 2023   /   by Teresa Dipeso

Stone Harbor Hotel In Top 10 Valentine's East Coast Getaways

Stone Harbor/Avalon have been racking up national recognitions, and here's one more!  TheTravel.com just released their list of "10 Unique Accommodations On The East Coast To Book This Valentine's Day".  
Click Here To Search Stone Harbor & All Shore Homes
The Reeds at Shelter Haven, located in downtown Stone Harbor, was given the #6 spot!  Not bad, considering the East Coast has a wealth of beautiful places.  
Here's what they had to say:
#6. The Reeds at Shelter Haven, Stone Harbor, NJ

Lovebirds looking for the best of the best in wellness need look no further than one of the Garden State’s most romantic boutique hotels, The Reeds at Shelter Haven.
Couples can take the three Rs—romance, rejuvenation, and relaxation—to the next level by booking a visit to the award-winning onsite Salt Spa whose super opulent vibes (Italian mosaic tile!); breathtakingly exotic setting; and a plethora of luxe treatments make ...

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Monday, January 16, 2023   /   by Teresa Dipeso

Today's Market Is Nothing Like 15 Years Ago

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.
In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle:

Looking at the facts, it’s clear: today is very different than the housing market of 15 years ago.
There’s Opportunity in Real Estate Today
And in today’s market, with inventory rising and less competition from other buyers, there’s opportunity right now. According to David Stevens, former Assistant ...

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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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