“Jersey Shore” cast members the Situation, left, and Snooki
From the August issue: Snooki and the Situation may be embarrassing longtime Jersey Shore homeowners and renters with their hit MTV show “Jersey Shore,” but real estate professionals say the program’s notoriously trashy antics haven’t taken the market down with it.
This month, The Real Deal talked to brokers and analysts who follow the Garden State’s beach towns, from Belmar to Long Beach Island, to find out how their season has been shaping up.
They told us that the market is stabilizing — even if a full bottoming might be as far off as 2013.
While sales volume is still running at two-thirds of its historic average in the so-called anti-Hamptons, it is up from last year’s all-time lows, one source said. The source also added that while there are bigger discounts to be had on the Jersey Shore than in New York or Philadelphia, “it’s still not Florida or Nevada, where they’re practically giving away homes.” [more]
May 05, 2012 at 11:44 am, Jersey Shore bottoms out « « TEAM3P TEAM3P said:
[...] The Real Deal previously reported, the housing market at the Jersey Shore has been stabilizing over the last year and heading towards a solid bottom. Yet some are still hesitant to declare the [...]