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Budget-Friendly Ways to Prep Your House to Sell
Anyone who plans to sell their home dreams of finding a buyer quickly and getting top dollar. However, for that dream to come close to being a reality, your house needs to stand out from the competition. Staging a home and preparing it to sell is a critical part of the process, but it can definitely get pricey.
If you’re working on a shoestring budget, you may think you must keep your home as-is. However, doing so can dramatically affect the outcome of your sale. Luckily, there are several things you can do to get your home show ready without breaking the bank.
Here are 7 budget-friendly tips for boosting your home’s appeal when you’re broke.
1. Save Money on Staging
Staging your home can potentially increase your bottom line, but hiring a professional comes at a cost. However, that doesn’t mean you should skip this step. Instead, focus on ways you can stage for less.
For example, buyers claimed that staging the living room, kitchens, and bedrooms was most important. Therefore, focus on these main areas and consider doing it yourself with a little guidance. Many stagers offer a consultation for a smaller fee to provide recommendations for your home.
Your agent may also be able to give you a few home staging tips. Ultimately, decluttering, cleaning, and removing personal items are excellent places to start.
2. Prioritize Painting
Painting is a relatively inexpensive way to make a big change in your home. Choose paint colors that make the most sense in each room. Overall, stick to neutrals that have mass appeal and enable buyers to picture their belongings in the space.
If you can’t foot the bill for painting everywhere, prioritize the rooms. Start with areas that buyers focus on the most, like kitchens and bathrooms. It’s also a good idea to paint the living room and foyer or whatever room buyers see first when they enter your home.
3. Declutter Inside Closets and Cabinets
Decluttering your home is one of the most effective things you can do when selling. The beauty of it is that it doesn’t cost you a thing. However, don’t reduce the number of items in your rooms by shoving them into closets and drawers.
Buyers look at everything when they’re house hunting, including inside storage areas. If they see a bunch of stuff crammed inside your closet, they’ll assume your house doesn’t have enough storage. Therefore, declutter and stage inside of your cabinets, pantry, closets, drawers, nooks, and crannies.
Leave some space on shelves and in other storage spaces. You want to send the message that buyers won’t have any trouble fitting their things.
4. Maximize Natural Light
Buyers love it when a house has tons of natural light, so don’t cover yours up with heavy drapery or dirty windows. Remove heavy curtains, wash windows, and open blinds and shades. If there are rooms in your home with limited or no natural light, use full-spectrum bulbs that replicate sunlight.
It’s also a good idea to remove window screens when showing a house as they can filter the light. Your agent can always tell buyers that there are window screens that will be put on before they purchase the home.
5. Identify and Eliminate Odors
When you spend every day in your home, you tend to stop noticing the pitfalls, including weird smells. Since it’s common to get nose blind in your home, invite over a few friends to give you some honest feedback.
If you have pets in the home, this is a big one. Using your pal’s honest guidance, eliminate odors by targeting the source. Concentrate on upholstered furniture, rugs, and carpets since the fibers trap odors. Your goal should be to neutralize bad smells, not just cover them up with air fresheners.
6. Clean Inside and Outside
Deep clean your house to make it shine and sparkle for potential buyers. Nobody wants to buy a dirty house or think about cleaning up someone else’s mess. Don’t forget to clean up outside, too.
Pull weeds, mow grass, pick up trash, and pressure wash your driveway and walkways. You can rent a pressure washer from Home Depot or similar stores for a reasonable fee. Tidying up outside is especially important since it affects your home’s curb appeal.
7. Shop Second-hand
If you need to purchase items to get your home ready to sell, shop at second-hand stores or look on online resale sites. If your agent advises you to stage the living room and suggests certain pieces you don’t have, head to the local thrift store. Look for garage sales in your area, borrow from friends, and get creative instead of buying everything new.
The same concept applies to hardware or materials you need for certain repairs. Look for Habitat for Humanity Restore or Dirt Cheap Building Supplies shops to find renovation materials at a deep discount.
Neighborhood Spotlight: Sea Isle City Beach, NJ
Sea Isle City is part of the Ocean City metropolitan area in Cape May County. Charles K. Landis founded the southern New Jersey town in 1882 as a small borough. By 1907, the town was reincorporated as a city. Sea Isle is a popular tourist destination with plenty of experiences for everyone. The city’s oldest building is a Victorian beauty that dates back to the 1800s. Today, it is the Colonnade Inn and offers a charming, cozy place for people to stay as they enjoy exploring the area.
Where to Eat and Drink
You won’t have any problem finding something to eat when you’re visiting Sea Isle City Beach. There are many restaurants nearby that offer a wide range of culinary options, perfect for even the pickiest of appetites.
The Point — This colorful tiki bar offers a vibrant atmosphere boasting creative cocktails, delicious bites, and live music. The menu features dishes made with fresh, local ingredients and the friendly staff adds to the delectable experience. When you spend time at The Point, you also enjoy exclusive beach access.
La Fontana Coast — If you’re planning a special occasion or a memorable date night, La Fontana Coast provides an upscale dining adventure that transports you to a seaside villa in the Mediterranean. Its refreshing cuisine and beautiful decor are perfectly suited to the breathtaking ocean views, delighting your senses as you relax and unwind in style.
Mike’s Seafood — Mike’s is a Sea Isle legend, beginning its gastronomic journey in 1911 in the historic Fish Alley. The restaurant serves an extensive assortment of locally caught seafood that customers enjoy prepared in-house or via take-out. Or, visit Mike’s seafood market to bring home your favorites and prepare them with your personal flair.
Basilico’s Marketplace — Indulge in tantalizing dishes like veal piccata or lamb lollipops, and experience a welcoming atmosphere that warms the heart and soul. Basilico’s opened in 1999, and the charming restaurant strives to create a comfortable, unforgettable dining journey for all who visit. Enjoy a beach stroll before your meal or sip on a glass of wine (BYOB).
Panzini’s Pizza House — Grab a slice of lip-smacking, cheesy greatness at Panzini’s. They make their dough fresh daily, turning it into classic New York-style pizzas like meat lovers and veggie, or creative concoctions, like eggplant parmigiana.
Giovanni’s Deli and Sub Shop — This local eatery is a Sea Isle landmark, serving authentic Italian cuisine and irresistible hoagies since 1975. The family-owned sub shop is also the place to go to purchase fresh Italian meats, cheeses, ready-made salads, imported olive oils, and other delicious comestibles.
Where to Shop
Whether you want a special souvenir or crave an extra snack, the shops in Sea Isle City have something for everyone.
Mrs. Brizzle’s Buns — Stop by Mrs. Brizzle’s for a hot, gooey cinnamon bun when you need a quick and satisfying sweet treat. The shop also offers breakfast and lunch. But don’t go with an empty wallet — they only accept cash.
Maryanne Pastry Shop — Touted as the best bakery on the Jersey Shore, Maryanne’s is a Sea Isle staple, operating since 1944. It offers cakes, treats, snacks, and pastries. Stop by in the morning for a cup of coffee and fresh-baked donuts to start your day. Or order a beautifully decorated cake for a special occasion. If you are determined to snag one of the shop’s signature items, get there early because things tend to sell out fast.
Sea Isle Bait and Tackle Shop — Get everything you need for fishing and crabbing at Sea Isle’s leading bait and tackle shop. The store carries gear for offshore, surf, and inshore fishing, and the knowledgeable staff is ready and able to give you the scoop on local fishery.
Isle Bicycles — If you’re looking for a new bike, this shop carries a large selection of top brands. It’s also the go-to place for accessories and supplies, whether you need new tires or a new water cup. The shop also offers repair services and bike rentals.
Make the Most of Your Visit to Sea Isle City Beach, NJ
Visit the beach on a Wednesday to skip getting a beach tag. Lifeguards are on duty from 10 am to 5 pm on protected beaches. Visitors can surf, kayak, raft, and more at select areas of the beach, plus find spots for volleyball and fishing. Learn everything you need to know about Sea Isle Beach before you go, so you don’t miss a beat when it comes to soaking up the sun and surf.
When you’re not lounging surfside, hitting the waves, or building sandcastles, check out these local attractions.
Boardwalk Casino Family Entertainment Center — Scope out the selection of retro and modern games at this family-friendly entertainment complex. It features the latest games that your kids love, plus old favorites that make seasoned gamers nostalgic for their childhoods.
O’Donnell’s Pour House — Sea Isle’s only Irish Pub opened in 1999 and offers a casual, distinguished dining experience. Choose from a wide menu of mouth-watering dishes, easily accompanied by a pint of Guinness, of course. As you dine, listen to live music, enjoy conversation with friends, and escape from life’s hustle and bustle.
Starfish Deep Sea Fishing — Before your trip, book a charter with Starfish Deep Sea Fishing to spend some time out on the ocean with a capable and knowledgeable guide. Choose from various 4-hour excursions, or ask about their nighttime fishing trips.
Excursion Park — (2 41st St, Sea Isle City, NJ 08243) Stretch out on the green lawn and enjoy a picnic or simply relax in the sunshine. Visit the Sea Isle Visitor Center at 300 John F. Kennedy Blvd. for a list of special events in the park. The grounds host events regularly, including a concert series, movies in the park, craft shows, and more.
Discover more about Sea Isle City, NJ, and find everything you need to plan your ideal beach getaway. Enjoy your visit!
Find more local areas to check out Down The Shore, here.
June 2024 Market Statistics
Real Estate Market Trends in Various Counties
As we navigate through the real estate market data for different counties, some interesting trends emerge. Here’s a closer look at the latest statistics:
Berks County, PA
- Median Sold Price: $282,450 (down 0.63% month-over-month)
- Homes Sold: 338 (down 14.4% month-over-month)
- Active Listings: 372 (up 12.4% month-over-month)
- Median Days in RPR: 6 days
- List to Sold Price Ratio: 101.6% (up 0.4% month-over-month)
The real estate market in Berks County shows a slight decrease in median sold prices and the number of homes sold. However, there’s an increase in active listings and the list-to-sold price ratio.
Bucks County, PA
- Median Sold Price: $525,000 (up 5.37% month-over-month)
- Homes Sold: 500 (down 4.6% month-over-month)
- Active Listings: 712 (down 3.3% month-over-month)
- Median Days in RPR: 9 days
- List to Sold Price Ratio: 101.8% (up 0.02% month-over-month)
Bucks County experienced a notable increase in median sold prices, despite a slight decrease in homes sold and active listings. The list-to-sold price ratio also saw an uptick.
Chester County, PA
- Median Sold Price: $575,000 (up 4.55% month-over-month)
- Homes Sold: 580 (up 19.3% month-over-month)
- Active Listings: 641 (up 5.1% month-over-month)
- Median Days in RPR: 6 days (up 20% month-over-month)
- List to Sold Price Ratio: 103.7% (down 0.13% month-over-month)
Chester County shows a strong performance with increases in median sold prices, homes sold, and active listings. However, the list-to-sold price ratio slightly declined.
Lehigh Valley, PA
- Median Sold Price: $361,100 (up 10.83% month-over-month)
- Homes Sold: 345 (up 1.8% month-over-month)
- Active Listings: 411 (up 6.5% month-over-month)
- Median Days in RPR: 8 days (up 14.29% month-over-month)
- List to Sold Price Ratio: 102.4% (up 0.31% month-over-month)
Lehigh Valley demonstrates significant growth in median sold prices and a steady increase in homes sold and active listings. The list-to-sold price ratio also rose notably.
Mercer County, PA
- Median Sold Price: $212,500 (down 5.56% month-over-month)
- Homes Sold: 11 (up 37.5% month-over-month)
- Active Listings: 25 (up 13.6% month-over-month)
- Median Days in RPR: 65 days (up 51.16% month-over-month)
- List to Sold Price Ratio: 93.6% (down 2.99% month-over-month)
In Mercer County, while there is an increase in the number of homes sold and active listings, the median sold price and list-to-sold price ratio have decreased.
Montgomery County, PA
- Median Sold Price: $475,000 (up 3.26% month-over-month)
- Homes Sold: 818 (up 4.1% month-over-month)
- Active Listings: 948 (down 1.9% month-over-month)
- Median Days in RPR: 8 days (up 14.29% month-over-month)
- List to Sold Price Ratio: 102.7% (up 0.29% month-over-month)
Montgomery County shows an upward trend in median sold prices and homes sold, with a slight decrease in active listings.
Philadelphia, PA
- Median Sold Price: $285,000 (up 5.56% month-over-month)
- Homes Sold: 1,164 (down 18.3% month-over-month)
- Active Listings: 3,925 (up 1.9% month-over-month)
- Median Days in RPR: 25 days (down 10.71% month-over-month)
- List to Sold Price Ratio: 98.4% (down 2.03% month-over-month)
Philadelphia’s real estate market shows an increase in median sold prices and active listings, while the number of homes sold has declined significantly.
Atlantic County, NJ
- Median Sold Price: $341,995 (down 6.3% month-over-month)
- Homes Sold: 273 (down 16.3% month-over-month)
- Active Listings: 973 (up 6.2% month-over-month)
- Median Days in RPR: 20 days (up 11.11% month-over-month)
- List to Sold Price Ratio: 98.4% (down 0.66% month-over-month)
In Atlantic County, NJ, both median sold prices and homes sold have decreased, while active listings have increased.
Ocean County, NJ
- Median Sold Price: $460,500 (up 0.11% month-over-month)
- Homes Sold: 773 (down 17.9% month-over-month)
- Active Listings: 2,051 (down 10.3% month-over-month)
- Median Days in RPR: 21 (down 8.7% month-over-month)
- List to Sold Price Ratio: 100% (down 0.19% month-over-month)
Ocean County, NJ, saw a decrease in homes sold and active listings, with a stable median sold price and a slight decrease in the list-to-sold price ratio.
Cape May, NJ
- Median Sold Price: $694,950 (up 7.08% month-over-month)
- Homes Sold: 23
- Active Listings: 90 (down 11.8% month-over-month)
- Median Days in RPR: 30 (down 6.25% month-over-month)
- List to Sold Price Ratio: 98.4% (up 2.01% month-over-month)
Cape May, NJ, experienced a significant increase in median sold prices, with a decrease in active listings and median days in RPR.
Greater Lehigh Valley Realtors (GLVR)
- Median Sold Price: $361,100
- Homes Sold: 591
- Active Listings: 664
- Average Days on Market (DOM): 15 days
- List to Sold Price Ratio: 102.3%
The Greater Lehigh Valley Realtors (GLVR) data shows a healthy real estate market with a strong list-to-sold price ratio.
Conclusion
These insights highlight the dynamic nature of the real estate market across different counties, showcasing varying trends in median sold prices, homes sold, and active listings.
Neighborhood Spotlight: Peck Beach, NJ
Peck Beach is a relaxing stretch of sand in Ocean City, New Jersey, butting up against a residential neighborhood. The area was most likely named after a whaler with the same name, John Peck.
Where to Eat and Drink
When your stomach starts rumbling during your visit to Peck Beach, give it what it needs with a visit to one of these nearby eateries.
Randazzo’s — Stop by this local pizzeria or have a tasty meal delivered, whether you’re craving a delicious calzone, homemade pizza, or crisp salad. Other popular menu picks are stromboli, wraps, and pasta dishes.
Kessel’s Korner — This laid-back eatery showcases a retro vibe that makes you feel right at home with its nod to the good old days. They serve breakfast, lunch, and dinner, or stop by the window for some smooth, sweet ice cream.
Old School Burgers — Keep it casual with a messy, juicy burger and creamy milkshake from Old School Burgers. Not in a burger mood? Grab a chicken sandwich or cheesesteak.
Churn House Ice House and Cereal Bar — Imagine a refreshing scoop of ice cream mixed with your favorite cereal. Would you pick chocolate with Reese’s Puffs, vanilla with Froot Loops, or a vanilla and chocolate twist mixed with S’mores cereal? Then add a few tasty toppings, like chocolate chips, strawberries, or Lucky Charm marshmallows. Once you decide on the perfect mix, you can order it in a cup, cone, or as a milkshake.
Where to Shop
After lounging on the sand or kicking around in the surf, take a shopping break to score a tasty snack or intriguing trinket.
Topsail Steamer — Pick up a delicious seafood meal to go, all you need to add is steam. Topsail Steamer sells ready-made steam pots featuring local meats, veggies, seafood, and more. Bring it home for an easy-to-prepare dish.
Dot’s Pastry Shop — Satisfy your sweet tooth with a few nibbles from Dot’s. This family-owned bakery offers the perfect extra treat for your beach visit, whether biting into one of their popular creme donuts or picking up a cake or pie for dessert.
Ocean Cigars — This shop combines its knowledge of cigars with a friendly staff well-versed in its product to provide the largest assortment of hand-rolled cigars in the area. There’s also a lounge area to sample cigars and relax as you ponder your purchase.
Hoy’s 5 and 10 — Did you forget your beach hat or need some sunglasses? Maybe you want to buy a few souvenirs for friends back home or get a memento for yourself. Hoy’s mimics a classic five-and-dime with its affordable pricing (albeit not literally five and ten cents).
Make the Most of Your Visit to Peck Beach, NJ
If you’re looking for a more laid-back beach experience during your visit to the Jersey Shore, Peck Beach offers a small getaway for swimming, sunbathing, and enjoying the view. Contact the Ocean City Beach Patrol for the latest information and rules concerning lifeguards, recreation, and other important tidbits.
To round out your visit, add these stops to your itinerary.
Stainton Wildlife Refuge — This relatively new wildlife refuge provides an excellent viewing point for various shorebirds and wading birds. It continues to grow and develop and is open from dawn until dusk.
Blue Water Marina — If you need a spot to dock your boat or personal watercraft, contact Blue Water Marina to book a slip. The slips fill quickly, so call well before your visit to book a spot. Many recommendations suggest calling as far as a year in advance. Take advantage of private showers, fish-cleaning stations, free parking, tennis courts, a pool, and restrooms.
Discovery Seashell Museum — This tiny museum has become a local landmark in Ocean City, with a history of over 50 years and counting. Bring the kids to see countless seashells, fish, and a giant shark’s jaw, or pick up a shark tooth necklace as a souvenir.
Learn more about Ocean City’s beaches to make the most of your visit. Happy exploring!
To see our other Neighborhood Spotlights, check out: https://cbhre.com/category/neighborhoodspotlight
For more blogs, Down The Shore, visit: https://cbhre.com/category/downtheshore
Improve Your House-Hunting Odds
Stay Flexible to Improve Your House-Hunting Odds
Buying a house is likely the largest purchase you’ll ever make, and it’s also an investment (hopefully, a good one). Understandably, you want your home to be everything you desire it to be, especially after spending so much money. But it’s important to stay flexible when house hunting, otherwise, you might hurt your chances of becoming a homeowner.
Consider Compromising on These Six Things When Searching for a House
If you’re unwilling to make any compromises when you’re looking for a house, you’ll find you’re saying no to every single home. It’s fine if you don’t want to settle, nor should you if a home is in disrepair, has potential major problems, or pushes you outside your financial comfort zone.
But a few compromises are inevitable during any home search, especially if you’re a first-time homebuyer. The more homes you buy, the fewer compromises you’ll likely need to make, but keep an open mind whether it’s a starter home or your forever palace.
1. Location
Okay, you always hear about how you can change a lot about a home, but not its location. Location, location, location — it’s what real estate is all about, right? However, if you zero in on one specific area for your home search, you significantly limit your options.
Consider widening your search radius if you aren’t finding any good contenders. This doesn’t mean you need to move an hour away from your desired neighborhood, but a few streets over, or 15 minutes east or west could make a big difference.
A few other compromises that fall under the location category are commute time, proximity to family, and school districts. Recognize that you may not be able to get all of these things with one property. It’s worth prioritizing these factors to help you make your decision.
2. Home And Lot Size
Don’t get too specific about your square footage preference. For example, instead of saying you want a home that’s 3,500 square feet, use a range, like 2,800 to 3,600. Do you prefer a small, medium, large, or enormous home? How much space do you actually need? Know your absolute minimum (be realistic) and go from there.
If using an online search filter, put in your non-negotiable minimum and leave the maximum field empty. Otherwise, even a home that’s one square foot over your max won’t come back in your results. Getting too specific with any online search filter reduces your results dramatically.
Similarly, be flexible with your lot size. Maybe you dream of having a big backyard, but do you need one? Can you bring your kids or dogs to a nearby park instead?
Do you love gardening or do you despise lawn care? There are ups and downs to a large backyard, so weigh your options, and recognize that a smaller yard may be the way to go, at least in a place that isn’t your forever home.
3. The Age Of A Home
You miss out on a lot of great houses if you hold out for only new-construction homes or properties that are only five years old or newer. This doesn’t mean you need to buy a rickety, old fixer-upper. But don’t ignore homes that are 20, 30, or 40 years old, etc.
4. Special Amenities and Features
If you skip a house because it doesn’t have a special feature, like a fireplace or pool, you could miss out. Depending on the home, you could likely add the features you want over time.
The reverse is also true. Don’t turn down a home because it has a feature you don’t want. In time, you could likely remove the unwanted item.
5. Cosmetic Fixes
Understandably, you don’t want to take on a fixer-upper or a home with major problems. But don’t ignore a house simply because it has a few cosmetic defects. Any home you buy will likely have problems you need to address or cosmetic features you want to change (even brand-new houses).
Start the search for a home, here: https://cbhre.com/search
Check out more from CBHearthside here: https://linktr.ee/coldwellbankerhearthside
Ventnor City, NJ Events This Week
Exciting Events in Ventnor City This Week!
Hello friends and visitors! Get ready for an action-packed week filled with festive events, live music, and community fun. Here’s what’s happening:
July 3, 2024 – Kick Off the Holiday with the 52nd Annual Ventnor Mile!
Start your Independence Day celebrations with a bang at the 52nd Annual Ventnor Mile! The festivities kick off at 5:00 PM on Suffolk Avenue with a bustling market featuring local crafters and vendors. Explore unique handmade items and delicious food offerings while soaking in the vibrant atmosphere.
At 5:30 PM, enjoy a live performance by our very own “Voice of Ventnor,” Ricky Stevens. His melodious tunes will set the perfect tone for the evening.
The highlight of the event, the Ventnor Mile race, begins at 7:00 PM. Cheer on the runners or join in the race yourself! As the sun sets, get ready for a spectacular fireworks display that will light up the sky and fill the night with dazzling colors.
July 5, 2024 – Ventnor City Farmers Market
Join us on Friday morning for the Ventnor City Farmers Market, held from 8:30 AM to 12:00 PM at the corner of Newport and Atlantic Avenue. This weekly market is a beloved tradition running from Memorial Day Weekend to Labor Day Weekend.
Discover Jersey fresh produce, specialty food items, and handcrafted goods from local artisans. It’s the perfect opportunity to support local farmers and makers while picking up some delightful treats and essentials.
July 6, 2024 – Summer Beach Jam
Wrap up the week with the Summer Beach Jam from 5:00 PM to 9:00 PM. Head to the beach for an evening of live music, great food, and artisan crafts. The event kicks off at 5:00 PM with food vendors and crafters ready to serve you.
At 6:00 PM, the live music begins with performances by Even Betta, showcasing a variety of musical styles, followed by NJ British Invasion, celebrating the best music. Bring your friends and family for a fun and relaxing evening by the shore.
We can’t wait to see you at these fantastic events! Whether you’re a resident or just visiting, Ventnor City has something special in store for everyone. Enjoy the celebrations and have a wonderful week! For more information, visit: https://www.ventnorcity.org/special-events
For more blogs, Down The Shore, visit: https://cbhre.com/category/downtheshore
May 2024 Market Statistics
As we dive into the residential real estate market data from May 2024, compared to May 2023, several interesting trends emerge across Bucks, Berks, Montgomery (Montco), Chester, Northeast Philadelphia (NEPHL), and Mercer counties. This market snapshot provides a friendly overview of how key metrics have evolved over the past year.
Inventory Trends: A Mixed but Improving Picture
The inventory levels reflect a varied but generally positive trend across the tracked markets. Here’s how each area fared:
Overall, most markets saw an increase in inventory, indicating a gradual improvement in supply.
Sold Units: Varied Performance Across Markets
The number of sold units presents a mixed bag, with some areas experiencing growth and others a decline:
While some areas like Mercer and Berks counties showed strong performance, Northeast Philadelphia faced a notable decline.
Pending Contracts: Positive Signs Ahead
Pending contracts, which indicate future sales, generally improved, suggesting a potentially strong future market:
Most regions saw an increase in pending contracts, pointing to stronger market activity in the coming months.
Median Sold Pricing: Across-the-Board Increases
All tracked markets experienced increases in median sold prices, reflecting robust buyer demand:
These price increases highlight a competitive market where homes are appreciating in value.
Year-to-Date Unit Volume: Mixed Results
Year-to-date unit volumes provide a broader view of market performance:
While some regions saw declines, Chester and Mercer counties posted gains, indicating resilience in those markets.
Days on Market: Homes Selling Faster
The average number of days homes spent on the market (CDOM) has generally decreased, indicating faster sales:
Most areas saw homes selling more quickly, a sign of strong buyer interest and efficient market conditions.
Sold-to-List Price Ratios: Shifting Seller Advantage
The ratio of sold price to list price reveals how close to the asking price homes are selling:
While some markets like Bucks County saw a decrease, indicating a softening seller advantage, others like Chester and Berks counties improved, suggesting stronger seller positions.
Conclusion
The May 2024 real estate market presents a diverse picture with improvements in inventory and median prices, mixed results in sold units and pending contracts, and generally faster selling times. This snapshot provides a helpful perspective for buyers, sellers, and real estate professionals navigating these dynamic markets. Keep an eye on these trends as we move further into 2024.
Take a look at last month’s market report, here: https://cbhre.com/2024/05/22/april-2024-market-statistics
Check out more from CBHearthside here: https://linktr.ee/coldwellbankerhearthside
To look at our other blogs, visit: https://cbhre.com/blog
Neighborhood Spotlight: Ocean City, NJ
Ocean City Beach is in Cape May County and is one of the most popular resort areas along the Jersey Shore. Ocean City Beach often earns a spot on “Top-10” lists for New Jersey beaches. This family-friendly area boasts ample opportunities for beach fun, cultural events, shopping, dining, and recreation all year long. The boardwalk spans 2.5 miles and features plenty of attractions, beach views, and snack stops.
Where to Eat and Drink
You won’t have any trouble finding a place to eat when you’re visiting Ocean City Beach. No matter what you’re craving, there’s a cafe, restaurant, or food hut with a menu ready to satisfy your appetite.
Del’s Oceanside Grill — Del’s is proud to be a boardwalk staple in Ocean City, serving locals and tourists for over 59 years. Surfing memorabilia and decor cover the walls of this colorful eatery, while tasty food options fill the menu.
Manco and Manco Pizza — This family-friendly pizzeria started wowing customers with its amazing pizza in 1956. A highlight is watching skilled pie makers toss and shape the dough before turning it into an irresistible pizza.
Browns Almost Famous Donuts — Browns gets great applause for its “almost-famous” donuts, which many say is more than enough because they’re so amazing. But this low-key eatery is also a great place for a quick bite. Try a breakfast sandwich, salad, or cheeseburger, or enjoy a cup of coffee as you bask in the sunshine and beach views.
Oves Restaurant — Oves is a family-owned establishment that doubles as an Ocean City tradition. For over 55 years, Oves has delighted guests with delicious bites, including smoothies, sandwiches, seafood, and their popular apple cider donut. Soak up the sun and scenery as you enjoy breakfast or lunch, or rent a bike or surrey to explore the boardwalk on wheels.
Quincy’s Original Lobster Rolls — This eatery may be small, but don’t let its size fool you. Quincy’s delivers a big taste, bringing the flavor of Maine to Ocean City. Try New England Clam Chowder, a lobster grilled cheese, or any of the many creative lobster rolls on the menu.
Where to Shop
In between breakfast, lunch, and snacking on decadent desserts, pencil in some time to explore the shops along the boardwalk or beyond. Ocean City Beach showcases plenty of places to find special treasures, surfing supplies, beach souvenirs, and much more.
Payton Jewelry — Treat the one you love to a unique, beautiful piece from Payton Jewelry, or find the perfect accessory for your beachy ensemble. They also carry an apothecary line with items like lip butter, aromatherapy rollers, and candles, so you can bring home a bit of the relaxing, beach vibe.
Surf Mall — This family-owned-and-operated establishment began its days as a movie and stage theater in 1929. It became the Surf Mall in 1982, selling everything from fireworks to vinyl records.
Johnson’s Popcorn, Inc. — This iconic Ocean City popcorn shop delivers tons of flavorful caramel corn options and has been doing so for over 40 years. They mix all their batches by hand in a copper kettle, letting the sweet, mouthwatering aroma entice visitors to pop in as they stroll by on the boardwalk.
Shriver’s Salt Water Taffy & Fudge — Bring home something sweet from this candy shop, whether you want handmade fudge, macaroons, salt water taffy, or chocolate-covered pretzels. You’ll find endless options of sweets and treats, gift baskets, and more at Shriver’s.
Make the Most of Your Visit to Ocean City, NJ
Ocean City Music Pier — Listen to bands pay tribute to the music of Taylor Swift, Queen, and many more. The Music Pier is an excellent place to enjoy incredible artists via Ocean City’s Summer Concert Series.
Peace of Wood — Check out a painting party, host one, or see what workshops are happening at this art compound and creative center. Listen to music as you paint and nibble on snacks, mingle with fellow artists, and create a masterpiece and lasting memory at the same time.
Kott-the-Limit Sport Fishing Charters — Rent a private fishing charter for a day on the ocean with an experienced guide. Whether you’re a seasoned angler or a beginner, they provide everything you need to have an enjoyable time on the water.
Gillian’s Wonderland Pier — Visit Gillian’s to take a spin on the Giant Wheel, which reaches 141 feet skyward and provides incredible, breathtaking views. When you’re not getting a bird’s-eye view of Ocean City, you’ll find over 38 attractions, including water slides, golf, and an 18,880-square-foot water playground.
Playland’s Castaway Cove — Kids and adults will love the thrills and entertainment at the oldest amusement park in Ocean City. This pirate-themed playland features tons of fun. Ride roller coasters, take on the super slide, race go-karts, play mini-golf, or visit the arcade.
Haunted Golf — You’ll find several mini-golf experiences in Ocean City and throughout the Jersey Shore, but this one gives putt-putt a fun twist with a spooky theme. It has 5,000 square feet of ghoulish golfing challenges.
When visiting Ocean City Beach from June through Labor Day, you’ll need a beach tag if you’re 12 or older. Lifeguards keep everyone safe during the summer months until about mid-September. For the latest guidelines and information, check out the Ocean City Beach Patrol.
Get to know Ocean City and all the things you can do while exploring the area, so you can make the most of your visit. Enjoy your time on the Jersey shore!
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Neighborhood Spotlight: Jamison, PA
What to do; where to dine and shop; and what you don’t want to miss
You’ll find the small village of Jamison situated along Route 263 in Warwick Township, Bucks County, Pennsylvania. It’s less than an hour from Philadelphia and is home to approximately 8,500 people. The town is named after the Jamison family, the first of whom was Henry Jamison, who arrived in the area in 1720 from Ireland. He won a lottery prize of $50,000 and helped many neighbors with his winnings.
The Vibe
The overall vibe of Jamison is quiet and suburban. However, it’s close to the city, so getting your fill of hustle and bustle is easy when you want it.
Where to Eat and Drink
Check out some of these local eateries when you want to grab a bite in Jamison.
Giovanni’s Pizza — Indulge in mouth-watering Italian cuisine as you enjoy a casual and comfortable environment and friendly service. Try a calzone, pizza, or delicious pasta over conversation with friends and family, or ask about hosting your next event at Giovanni’s.
Jamison Pour House — Jamison Pour House is home to famous steak burgers and frosty, refreshing beers. The standout menu item is the Viking burger, but you’ll find plenty of other tasty options on the menu.
Simply Delicious by Tina — This eatery serves breakfast and lunch and also features an array of beverage bars. Try the espresso bar for a quick pick-me-up or get a healthy boost from the smoothie and fresh-pressed juice bar. This restaurant showcases locally sourced ingredients whenever possible and focuses on healthy options.
Where to Shop
When you’re in the mood to shop or simply browse, visit a local business to check out what they have to offer.
Tanner’s Sports Center — This store is family-owned and has proudly served the area for over 30 years. They carry a wide variety of new and used firearms and also offer trade-in options. Knowledgeable staff are ready to assist you with anything you might need.
Green Door Tattoo — If you’ve been considering a tattoo, or you’re ready to do something a bit daring, stop by Green Door Tattoo. Their talented, professional, and experienced artists can help you find the perfect design or perhaps assist you in creating something unique.
Do Trot in Tack Shop — This store highlights an assortment of equestrian supplies, riding apparel, and related merchandise. They are open Monday through Friday but only offer shopping by appointment. So make sure to email or call ahead to see when a time is available.
Three Things You Shouldn’t Miss
Add these highlights to your itinerary to experience even more of what Jamison has to offer during your visit.
Rushland Ridge Vineyard & Winery — This family-owned winery has operated since 1968 and encompasses six acres of vineyards and a tasting room. The vineyard closes down during various seasons, so check well in advance to ensure they’ll be open during your visit.
Warwick Farm Brewing — A 22-acre farm is home to this family-owned brewery. It is the first microbrewery and brew farm in Warwick. The brewery was started by two families that wanted to give beer enthusiasts a similar experience to the one that wine lovers get when they visit one of the area’s many vineyards.
The Bucks Club — The Bucks Club is open to the public and offers an 18-hole golf course, open-air dining featuring American cuisine, refreshing pools, and a distinct sense of community. The facility is also available for hosting special events.
Learn more about Jamison and the surrounding area of Warwick Township to make the most of your time there. Enjoy your visit!
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Dreaming of a Second Home Down The Shore?
Hey Beach Lovers! Do you ever find yourself daydreaming about owning a second home by the shore? Imagine waking up to the sound of waves crashing, spending lazy afternoons on the beach, and watching breathtaking sunsets every evening. Well, if you’ve been considering buying a second home down the shore, let me tell you, you’re not alone!
Why Buy a Second Home Down the Shore?
Owning a second home by the shore offers a multitude of benefits, both as an investment and for personal enjoyment. Here are just a few reasons why buying a second home down the shore might be the best decision you’ll ever make:
1. Vacation Whenever You Want:
- No more stressing about booking accommodations or fighting for the best rental properties. With a second home down the shore, you can vacation whenever you want, for as long as you want.
2. Rental Income Potential:
- When you’re not using your second home, you can rent it out to vacationers and earn some extra income. Many beachfront properties are in high demand, making them an excellent investment opportunity.
3. Escape the Hustle and Bustle:
- A second home down the shore provides a peaceful retreat from the stresses of everyday life. Whether you’re looking for a weekend getaway or an extended vacation, your beach house will be your sanctuary.
What to Consider Before Buying
While owning a second home down the shore sounds like a dream come true, there are a few things you should consider before taking the plunge:
1. Location, Location, Location:
- The location of your second home is crucial. Do you prefer a bustling boardwalk with plenty of attractions, or a quiet, secluded beach? Take your time exploring different shore towns to find the perfect spot for your second home.
2. Budget:
- Determine your budget and stick to it. In addition to the purchase price, don’t forget to factor in property taxes, insurance, maintenance costs, and any homeowner association fees.
3. Rental Regulations:
- If you plan on renting out your second home when you’re not using it, familiarize yourself with local rental regulations and any restrictions that may apply.
4. Maintenance and Upkeep:
- Beachfront properties require more maintenance than inland homes due to exposure to salt, sand, and moisture. Be prepared to invest time and money into keeping your second home in top condition.
The Joy of Beachfront Living
Owning a second home down the shore is more than just a financial investment; it’s an investment in your happiness and well-being. Whether you’re lounging on the beach, exploring charming seaside towns, or enjoying fresh seafood at local restaurants, life by the shore offers a level of relaxation and tranquility that you won’t find anywhere else.
So, if you’ve been dreaming of owning a second home down the shore, now is the perfect time to turn that dream into a reality. Start exploring your options, and before you know it, you’ll be living the beachfront lifestyle you’ve always wanted!
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