If there’s one thing Hurricane Sandy showed the world, it’s that The Jersey Shore is Strong and Open For Business
The Shore is back…
Comeback is a word a lot of real estate agents are using on the Jersey Shore unexpectedly, but very happily. Even though towns on the mid-Atlantic coast have some clean up from superstorm Sandy, that’s not slowing down a certain breed of homebuyer.
Come June….Everyone Love the Beach!
Home values are up in many areas hit by Sandy according to a recent survey. In New Jersey, it’s up by almost 2 percent over pre-Sandy values — higher, actually, than in areas not impacted by the storm.
When house-hunters come back, they’ll compete for a reduced supply of undamaged homes with higher asking prices, according to Real Estate Experts. Rebuilt properties will feature costly upgrades such as sturdier roofs and wind-resistant windows, which also may push up resale prices.
We Love Lucy just as much as the Shore!
Real estate firm Zillow conducted the study. “The lures of coastal living are actually more powerful than the periodic chance of having a natural disaster in your backyard,” said chief economist Stan Humphries.
No property comes risk-free. If you live in Kansas, there’s going to be at some point a tornado. If you live in California, you’re going to have an earthquake and lets not forget forest fires in Colorado.
Even after the devastating effects of the 9/11 terrorist attacks, Lower Manhattan is one of the best-performing markets in NY a decade later.”
And storms will ravage beach areas. They come with the “location, location, location.” And trust me one of mankind’s greatest gifts is our ability to move on and forget our past pains..if we couldn’t do this we would all just have 1 child!
For millions of people, the Jersey shore also is part of their personal story.