Jersey Shore Vacation Homes

Brigantine, NJ Vacation Homes that are for sale are at a primium. Nowhere is the real estate boom more evident in the purchase of a vacation home or permanent family housing than in Brigantine New Jersey. In fact the Wall Street Journal singled out Brigantine, New Jersey real estate along with “resort towns” in four other state as perfect examples of this real estate phenomena.

According to the National Realtors Association it is not only the wealthy who are purchasing vacation home instead the typical buyer earns $71,000, buys a home worth slightly less than $200,000. The challenge is the vacation home buyer who is just looking must compete with investors for a “place in paradise”

What are the reasons for the high percentage of the average person buying 2nd homes?

• Interest rates are continuing to stay low.
• Proven big resale value which is much greater a return than the stock market.
• The National Association of Realtors, reports that last year there were a record 2.82 million vacation-home purchases, up 16% from the proceeding year.
• People are taking shorter mini vacations in lieu of the tradition two or three week vacations of yesteryear.
• The average homeowner’s primary residence has increased in value to the point where they can refinance their home, take the proceeds from the refinance and  purchase a vacation home.  They then can rent the Brigantine vacation home part of the time (which gives them tax advantages) and then enjoy their Jersey Shore Vacation Home themselves on their own mini vacations. Meanwhile the vacation home just keeps appreciating in value. Where else can you invest with such great returns, all the while having great tax advantages?
• The Wall Street Journal reports that the price of vacation homes increased 21% over the past year, and that median home prices above $350,000, saw double-digit gains; nearly all were waterfront.

So why is Brigantine New Jersey seeing such a real estate boom?  Because Brigantine as all entire Jersey Shore real estate, is just that: shore, the waterfront. Brigantine is perfect for that peaceful get away and yet Brigantine is just minutes to glitsy entertainment such as the Atlantic City casinos, night life and the famous boadwalk To own a vacation home in Brigantine gives you the best of both worlds.  Take all these facts along with the close proximity to New York, Philadelphia and Washington and you have your answer as to why a Vacation Home are at such a primium.