Dustin Laricks Sea Isle City Real Estate Expert

14 69th Street

2012-01-31T12:56:00.001-08:00

Here is a great new listing that is ONE off of Pleasure.

Check out the video tour:
http://www.youtube.com/watch?v=6thGZv7B7IQ

Market update

2012-01-27T12:38:00.000-08:00

It’s been some time since my last market update, and although we are just coming out of what is traditionally the slow Holiday season, there has been a lot of activity in our market. Since just before Thanksgiving through today, 36 units have sold and 26 units have been placed under contract. All things considered,
that’s great market activity! I’m excited to see what the late Winter and
Spring market brings. That is traditionally our busy season.

36 Units sold:
http://capemay.paragonrels.com/publink/default.aspx?GUID=0a380c30-0d3a-4c46-b59b-d33470608b45&Report=Yes
26 Under contract:
http://capemay.paragonrels.com/publink/default.aspx?GUID=c8cff6ee-bd06-485a-8a3f-304cb3308382&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Beachfront just listed

2011-12-10T11:40:00.001-08:00

6705 Pleasure North

Video tour: http://www.youtube.com/watch?v=HTmROa7U7mk&list=UUTBdfTNp_N48ExByVJv_yZA&feature=plcp

As soon as you walk through in the door and throughout the unit, you will be surrounded with a rich coastal living feel and only the finest appointments.
Boasting 2 master suites, an elevator and 3 oceanfront decks, this has it all! Enjoy views up and down the beach through a 16 foot glass sliding door that
leads to a large covered deck. This is perfect for entertaining family and friends or to simply escape from it all. If rental income is a priority, this unit has a history of generating $70,000 per summer.

New beachfront listing

2011-11-20T08:43:00.001-08:00

JUST LISTED - Beachfront

5208 Marine Place South

From the moment you walk in, you will feel the extra width of this house. The extra space provides a very comfortable layout with 2 master suites as well as extra glass facing the ocean. Although this unit has an impressive rental history, it has been meticulously maintained by the owners and feels like a new construction. From the furniture, to the decor, the attention to detail can be seen throughout. Take the time to walk through this magnificent beachfront, youwill be glad that you did!

Video tour: http://www.youtube.com/watch?v=8EvQY7DQj2Q

Sea Isle market update and more!

2011-11-18T08:02:00.000-08:00

Here is what's happening around the island.
29 units were placed under contract and 29 units were sold since my last update on October 6th. Links to more details can be found below. There are currently 327 units for sale in Sea Isle compared to 348 this time last year.

Under contract: http://capemay.paragonrels.com/publink/default.aspx?GUID=0611e932-ad79-46c0-bb30-12a8c96123b1&Report=Yes
Sold: http://capemay.paragonrels.com/publink/default.aspx?GUID=0ae81c96-82c5-4356-9870-5b288da0c00c&Report=Yes

New Listing Activity by Dustin:
387 47th Place West. This bayfront masterpiece is simply the finest on the island. From the location to construction, nothing else is like it. $1,599,000

4700 Park Road. This new construction bayfront offers sunset views, 1 boat slip per unit and is surrounded by some of the finest homes on the island. This neighborhood is one of the best! North REDUCED $1,049,000 / South REDUCED $989,000

204 53rd Street. This townhouse has been completely renovated from A-Z and features a very roomy layout, great views of the meadows and requires no work. Just move in! $725,000

11 50th Street North. This beachfront is absolutely unique and must be seen to appreciate. Pristine condition, privacy from the neighbors and views are just the beginning. $1,029,000

7300 Central 1st Floor. Here is an excellent opportunity to get into the market at an affordable price. This unit is in perfect condition and requires no work at all. $359,000

133 43rd Street. Single-family house with a short walk to the beach and the downtown area. Offering plenty of room for the family, off street parking and much more. $525,000

4705 Central Ave. This townhouse offers a lot of living space for the money. Kept in perfect condition by the owners and located in a great neighborhood, this owe it to take another look at this. REDUCED $639,000

Click here for pictures, videos and more details on these listings. http://www.dustinlaricks.com/listings.asp

Want to see great pictures around the island? Visit my blog www.DustinLaricks.blogspot.com

SEA ISLE NEWS:
Beach-fill work is expected to start in Strathmere within the next two weeks, with beach-fill at the north end of Sea Isle expected to begin around mid-December. After the contractor completes the north end between 1st and 15th Streets, their plan is to relocate the submerged pipeline (that travels from the dredge to the beach) from the north end to a point around 40th Street. Work will then be completed from 40th to 52nd Street. The City is working with the State to award the optional area of beach-fill from 30th to 40th Street, and hopes to receive 75% funding for this.

Phase 2 of Excursion Park, Beach to Bay Corridor - This project involves streetscape improvements to the public corridor along JFK Boulevard from the Promenade to Landis Avenue, and widening of the sidewalks along each side of this corridor by 3 feet. The work has started and will be completed by May of 2012.

After the storm

2011-10-30T09:43:00.000-07:00

Here are some pictures of the ocean the after the storm. Beautiful!

7300 Central - First Floor

2011-10-29T10:58:00.000-07:00

Here is a great condo that I just listed. No work needed, just move in!

Video tour: http://www.youtube.com/watch?v=D7PfG5BI9Pk

October 29th Nor'Easter

2011-10-29T10:55:00.001-07:00

204 53rd Street - West unit

2011-10-25T11:25:00.003-07:00

Here is another great listing.

Video tour: http://www.youtube.com/watch?v=fzn7tpThVAE

This special location not only provides quiet tranquility, but it also provides views of the meadows and wetlands. Inside, the unit has been completely renovated from A-Z with a first-class touch. Large families will enjoy the comfort of the large bedrooms, living room and kitchen. Outside you will find plenty of storage in the garage and detached shed. If you are looking for a turnkey house in a great location at a reasonable price, then schedule an appointment to see this in person today.

2 New listings by Dustin Laricks

2011-10-18T08:03:00.000-07:00

Here are two new listings by Dustin. One on the beach and one on the bay. Call for more details.

11 50th Street North. Video tour: http://www.youtube.com/watch?v=o2HkIzEbSsY

4700 Park Road. Video tour: http://www.youtube.com/watch?v=f-9NWV94-F4

Sea Isle sunset

2011-10-16T15:27:00.001-07:00

Nothing beats Sea Isle sunsets in the Fall!!!

Rainbow over Sea Isle

2011-10-15T06:45:00.000-07:00

Waterfront Masterpiece!

2011-10-13T12:46:00.001-07:00

Just listed by Dustin!

Video Tour: http://www.youtube.com/watch?v=TjnCmZVJRY0

This masterpiece is a combination of the peninsula location providing panoramic views, Blaine Steinman design creating absolute privacy from the condo partners and McLaughlin Construction ensuring quality craftsmanship. The unique characteristics include 4 bedrooms, each with a water view, a deck and dedicated bathroom. The elevator is well designed into the building allowing access from the ground level in the garage to each of the three floors above. A first floor family room provides easy access to the decks, hot tub, dock and boat. This one-of-a-kind townhouse is unlike anything else on the island andoffers the best waterfront lifestyle without any compromises.

Market update

2011-10-06T11:17:00.000-07:00

Here is my latest market update. Since my last market update posted July 19th, 50 units have sold in Sea Isle and an additional 26 have gone under contract. There are currently 316 units currently on the market. That is about average for this time of year.

Links to more details on the sold/under contract units can be found below. If you have any questions, please do not hesitate to give me a call.

50 units sold:
http://capemay.paragonrels.com/publink/default.aspx?GUID=d405a27a-0898-42be-ae25-2440d8af1b5f&Report=Yes

26 units under contract:
http://capemay.paragonrels.com/publink/default.aspx?GUID=de77c77e-b9f8-4e2a-ad37-88429a04b770&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Hurricane Irene Preparation

2011-08-25T12:43:00.000-07:00

8/25/2011 3:15PM
This Statement was just released from the City of Sea Isle City.

Hurricane Irene Alert

The City encourages all of our residents and visitors to continue to monitor the local news and weather forecasts; sign up for our reverse 911 and our e-alerts; and if you are in the City, review government access channel 2. To sign up for reverse 911 and e-alerts, go to the City website www.seaislecitynj.us, click on City News/Reverse 911 and follow the directions.

There has been no decision made yet as to whether or not an evacuation will be ordered. This afternoon, emergency management officials throughout Cape May County will meet to assess the storm track and determine the most appropriate course of action. By Friday morning, we expect to be able to tell people whether or not an evacuation will be ordered, and whether or not access into the City will be restricted. The brunt of the storm is expected to be felt in Cape May County on Sunday, August 28, so decisions to evacuate or restrict access should be made by Friday. The city will issue updates on the storm through reverse 911, e-alert, our website, and on Channel 2 as decisions are made and as the situation progresses.

Regardless of any decision to evacuate or restrict access, all residents and visitors should ensure that their property and belongings are secure – outdoor furniture, flags, trash receptacles, etc.

Sea Isle City summer storm

2011-08-15T09:06:00.000-07:00

This summer storm is moving out to sea, leaving a bright sunny beach day!

20 84th Street - 4th house from the beach!

2011-08-13T07:23:00.000-07:00

THIS IS THE 4TH HOUSE FROM THE BEACH and has wide open views of the ocean from both of the decks! With no street to cross, you won’t have much to worry about when the kids run back and forth from the beach to the house. From the neighborhood feel, to the bathrooms located a block away on the beach, 84th Street is loved by all the families who live there. This unit can accommodate 5 cars off street and would serve as an excellent second home or rental property.

4 Beds, 3 1/2 baths - $639,000. Call Dustin to schedule a private appointment to tour this unit today.

Another great Sea Isle sunset!

2011-08-10T17:00:00.000-07:00

101 degrees at 5:30!!!

2011-07-23T14:29:00.000-07:00

101 degrees at 5:30!

Sea Isle Real Estate market update

2011-07-19T10:04:00.000-07:00

Market update covering the past 60 days.

Over the past 60 days, 38 units have sold in Sea Isle City and an additional 20 units have been placed under contract. Links to more details can be found below.

The same message holds true as in my last market update. The houses that are getting the most activity are those that are priced right (of course!) and those that are new or in like new condition. Sellers with houses that look and feel older are being forced to drop their prices to generate activity.

Keep this in mind if you are thinking of selling. Better yet, give me a call and we can discuss if you should do any renovations or improvements to your house before putting it on the market.

38 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=48488882-11d9-41e1-b58d-4f91392f3170&Report=Yes

20 units under contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=7b88567f-6d4c-4045-a810-3c22402462b2&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

114 West Jersey Ave

2011-07-14T13:07:00.000-07:00

114 West Jersey is far and away one of the nicest houses on the market right now. Offered fully furnished, this is a great vacation house for your family. 4 Bedrooms, ocean views and much more! Check out the virtual tour:

http://www.youtube.com/watch?v=-ey9t9yjAjI

5700 Sounds - Bayfront with Deepwater slip and views!!!

2011-06-28T11:50:00.001-07:00

5700 Sounds South, Sea Isle City

4 Bedrooms, 3 Full baths, 2 Half Baths

Now asking $1,225,000

From awe-inspiring sunsets to swimming and boating, the finest lifestyle awaits the most fortunate. Built in 2004 by McLaughlin Construction with the highestquality that you would expect in the best location that the island has to offer. With an expansive bayside deck and an open great room, the owners designedthis house with entertaining family and friends in mind. For the serious boaters, there are two deep water slips that can accommodate up to a 40’ sport fishingboat, family cruiser or sailboat. For the chefs, this house offers a gourmet kitchen with commercial grade appliances and a DCS stainless steel outdoor grill that is connected to the naturalgas lines.The unique floor plan provides privacy to each bedroom that is unlike most layouts. Imagine waking up to the panoramic waterway and meadowviews each morning in your master suite. Even the master bath has views! The second master suite features a private deck on the street side that is a nicegetaway from everyone else. The 60’ wide lot provides large decks and extra off street parking. From construction to location to lifestyle, this is simply thebest of the best.

Beautiful morning at the beach in Sea Isle!

2011-06-09T07:09:00.001-07:00

Sea Isle Real Estate market update

2011-05-14T09:25:00.000-07:00

Here is a Sea Isle Real Estate market update covering the past month. 14 units have gone under contract and 17 units have sold. That's an average of 1 unit going under contract every other day. The houses that are getting the most activity right now are those that are priced right (no surprise there) and are either new or in "like new" condition.

Most buyers in this market want something in turn key, move-in condition. If you are trying to sell, you may want to keep that in mind. If a house is not in turn key condition, sellers are being forced to reduce the price to generate the demand.

Please click the links below for additional details on the houses that have sold and have been placed under contract.
14 units under contract: http://CapeMay.fnismls.com/publink/default.aspx?GUID=0c2a1ce3-7a9c-45c0-8047-e9a1bf3a559e&Report=Yes

17 units sold: http://CapeMay.fnismls.com/publink/default.aspx?GUID=890edacb-0b56-4701-b820-d55d0bbda76f&Report=Yes

Update to a previous post...

2011-05-14T09:14:00.000-07:00

332 44th Place West and 221 54th Street East are now under contract.

Best beachfront value on the island!

2011-05-14T09:06:00.000-07:00

Just listed, 6213 Pleasure Ave. 4 bedrooms, 3 baths and panoramic views for $975,000! If you want beachfront living, don't miss this opportunity.

Check out the video tour: http://www.youtube.com/watch?v=AEfggxrBaGY

Sea Isle Project status update

2011-05-07T09:42:00.000-07:00

I'm happy to tell you that the downtown projects are on schedule and look great! All are scheduled to be completed before Memorial Day.

This is the ampitheater at the end of JFK that will be the site of concerts, outdoor movies, talent shows and much more!

This is the pavillion on JFK and the promenade. The roofs are now being installed and it looks great!

This is the playground on JFK/West Jersey as you enter the island. In addition to an all new playground, there will also be all new basketball courts.

These are all great additions to Sea Isle City and another reason why I'm proud to live and run a business here.

New Bayfront in the finest neighborhood.

2011-05-07T09:35:00.000-07:00

Introducing 4700 Park Road North and South. This is surrounded by some of the finest homes on the island.

Each unit features 1 boatslip and panoramic meadow views! Experience the finest lifestyle that the island has to offer.

Call for more details.

Sea Isle boat ramp is open!

2011-04-19T08:58:00.001-07:00

And it looks great.

4705 Central Ave

2011-04-19T07:09:00.000-07:00

Reduced to $649,000

The immaculate unit features two master bedrooms, a laundry room, an outdoor hot tub and a very large great room with lots of natural sunlight. With a newpublic library to be built this year a block away, this is the perfect family get away. 2011 will be the first summer that this unit will be rented and it's alreadyfilling up quickly with family rentals.

Another great addition to the center of town

2011-04-14T12:47:00.001-07:00

Here are the latest pictures of the downtown recreation project. The plans include replacing the old playground with a new one that is handicapped accessible, building new basketball courts and all new sidewalks. Everything is scheduled to be completed before Memorial Day.

I think that this is a great upgrade to the center of town and it reflects our appreciation of the families who visit Sea Isle City.

Market Update

2011-04-12T13:00:00.000-07:00

Here is my market update covering March 18th through today. 13 units were placed under contract and 19 units were sold. Links to more details on those units can be found below. There are currently 366 units for sale in Sea Isle City.

366 units is about the highest that I can remember in a long time. However, I have been telling my clients that there are buyers actively searching the inventory who are ready to buy. If a house is priced right, it will sell. That's why an average of one unit is going under contract every other day.

If you have questions about a specific property in Sea Isle or if there is anything that I can do for you, please do not hesitate to give me a call.

13 units under contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=65c251bd-1f56-44aa-8810-1985c0b8ec5f&Report=Yes

19 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=90310aca-337f-4661-800f-d2c2de14ad41&Report=Yes

Sea Isle boat ramp at JFK Blvd.

2011-04-06T14:25:00.001-07:00

Work continues on the new boat ramp next to the JFK bridge. It looks like they are close to being finished.

JFK Pavilion and Ampitheater Project

2011-04-02T07:51:00.000-07:00

The JFK Pavilion and Amphitheater project is starting to take shape. Here are a few pictures that I took today. The project is scheduled to be completed before Memorial Day weekend. I think that this will be a nice addition to the center of town.

Exceptional value!

2011-04-01T11:04:00.001-07:00

221 54th Street East is asking $719,000 and is an exceptional value given the quality and size of the house as well as the location. If a tranquil setting is what you are looking for, this unit is especially suited for you. The impressive views are complimented by the equally impressive furniture. From the comforts throughout the house to the quiet neighborhood, this is the perfect relaxing getaway for the entire family. Here is a link to the video tour: http://www.youtube.com/watch?v=H0cb9Ty3bLs

Update to a previous post...

2011-03-30T08:36:00.001-07:00

15 73rd Street - UNDER CONTRACT

Back in February, I posted about two of the best beach block investments on the island. One of the two, 15 73rd Street, has since been placed under contract with settlement scheduled for late April.

2011-03-29T04:00:00.000-07:00

Sunrise on the beach this morning.

Not bad for a rainy day

2011-03-28T11:08:00.001-07:00

Sunday was supposed to be rainy in Sea Isle, but it turned out to be a nice sunny day!

Market update

2011-03-18T11:48:00.001-07:00

Here is my market update covering the past month. 17 unit have sold and 23 have been placed under contract in Sea Isle City. Links to the details can be found below. There are currently 367 units for sale on the island.

With Spring coming in a few days, interest rates low and prices reasonable, now is a great time to buy the beach house that you family has been dreaming about!
17 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=b1faf688-205c-469a-a92a-0c8a88671424&Report=Yes
23 units under contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=2851cb14-5610-459e-8578-e94d72c68633&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Bayfront Paradise with VIEWS!!!

2011-03-17T06:55:00.000-07:00

Just listed, 5700 Sounds Avenue South. From awe-inspiring sunsets to swimming and boating, the finest lifestyle awaits the most fortunate. Built in 2004 by McLaughlin Construction with the highest quality that you would expect in the best location that the island has to offer. With an expansive bayside deck and an open great room, the owners designed this house with entertaining family and friends in mind. For the chefs, this house offers a gourmet kitchen with commercial grade appliances and a DCS stainless steel outdoor grill that is connected to the natural gas lines. For the serious boaters, there are two deep water slips that can accommodate up to a 40’ sport fishing boat, family cruiser or sailboat. The unique floor plan provides privacy to each bedroom that is unlike most layouts. Imagine waking up to the panoramic waterway and meadow views each morning in your master suite. Even the master bath has views! The second master suite features a private deck on the street side that is a nice getaway from everyone else. The 60’ wide lot provides large decks and extra off street parking. From construction to location to lifestyle, this is simply the best of the best. Check out the video tour:

http://www.youtube.com/watch?v=1C1xDKPkoYQ

Sea Isle Market update 2/17/2011

2011-02-17T11:03:00.000-08:00

Here is my market update covering January 25th through today. 8 units have sold and 12 units have been placed under contract. Links to more details can be found below. There are currently 342 units for sale in Sea Isle City. If you have any questions about a specific property, please do not hesitate to give me a call.

8 units sold: http://CapeMay.fnismls.com/publink/default.aspx?GUID=934fcba9-6c2a-4830-95a0-d10015b523b3&Report=Yes

12 units under contract: http://CapeMay.fnismls.com/publink/default.aspx?GUID=8d74253c-ecd1-4544-b38e-86be480fef01&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Enjoy the Bayfront lifestyle that you have been waiting for!

2011-02-08T08:43:00.000-08:00

Here is a rare opportunity to get the bayfront lifestyle that your family has been waiting for without paying a million dollars or settling for a small condo.

332 44th Place West. 3 Bedrooms, 2 1/2 baths. Exceptionally well manicured townhouse built by McLaughlin Construction and used as a primary residence since it was new. The wide open great roomprovides MUCH MORE living space than the normal bayfront townhouse and at a fraction of the price! Enjoy a screened in deck overlooking the peaceful RioDel Amore lagoon. The bay level deck features maintenance free decking and glass railings to prevent any accidental falls overboard while still providing theopen feel. The floating dock with two slips will accommodate your boats and/or wave runners. There is more than enough room to fit 3 cars under the house, plusstorage for bikes, surfboards, beach chairs and more. The master suite is located on the top floor and features cathedral ceilings and large bayside glasspanels that lead to another deck. This location provides easy walking access to everything in the center of town, but still has a great small neighborhood feel.This is more than a house for sale, it’s a lifestyle. Enjoy everything that bayfront living has to offer from boating, to swimming off of your dock with the kids, toentertaining friends on the deck. video tour http://www.youtube.com/watch?v=uqBCSPgfMNU

338 46th Place East. 3 master suites, each with a newly renovated bathroom and a private deck! This is more than a house for sale, it’s a lifestyle. Enjoy everything that bayfront living has to offer from boating, to swimming off of your dock with the kids, to entertaining friends on the deck and relaxing in the hot tub! There are new hardwood floors throughout the great room, a new kitchen, new Pella sliders and much more! 46th Place is nicely landscaped with trees and well manicuredproperties. video tour http://www.youtube.com/watch?v=5OgmEXpXzcY

Contact Dustin for more details.

Oversized townhouse close to the beach!

2011-02-06T09:51:00.000-08:00

Just listed 17 65th Street West $879,000.

Video tour http://www.youtube.com/watch?v=rzWwr8H48AQ

In addition to being well-built by McLaughlin construction, everything about this house is BIG! From the great room to the 10 ½’ kitchen counter, windows,bedrooms, closets, garage and rental income, this is much more than your typical townhouse. The first floor features 2 bedrooms, each with their own fullbath. The middle level features the great room, eliminating one flight of stairs that is normally required to climb, and another bedroom with a full bathroom. The third floor features two more bedrooms and one more full bath. Enjoy quality time with your family or entertain all of your friends, this house canaccommodate it all. If a short walk to the beach is important to you, there are only 3 houses between this house and Pleasure Avenue. It’s perfect for runningback to the house when the kids need to use the bathroom or to get something to eat. For those looking for an investment, work the numbers. This unit ishighly sought after by summer tenants and has a history of renting May through mid-September with a prime rate of $4200!

Sea Isle's best beach block investments for 2011

2011-02-03T12:04:00.000-08:00

Just Listed are arguably two of the best beachblock investments on the island!

15 73rd Street West is located only 2 houses off of Pleasure Avenue and features tons of living space. Asking $625,000 this 4 bedroom, 2 1/2 bath townhouse has a very strong rental history. Contact me for more details on carrying costs. Click here for a video tour: http://www.youtube.com/watch?v=95yMQyt4JUA

5910 Pleasure south also has a very strong rental history and an exceptionally short walk to the beach given the reasonable price. Asking $675,000, this unit features 4 bedrooms, 3 full baths and an attached garage. Best of all, there is an entirely new kitchen for 2011 including new cabinets, granite counters, floors and more. Contact me for details on carrying costs. To see more, click on this link for a video tour: http://www.youtube.com/watch?v=6zseIaJj_a8

Market update

2011-01-25T12:16:00.001-08:00

Here is my lates update since December 7th. Since then, 12 units have gone under contract and 25 units have sold in Sea Isle City. There are currently 325 units for sale on the island. These numbers are good and I anticipate the activity to pick up as the holidays are now behind us and Spring will be soon to follow. As always, please do not hesitate to give me a call if you have any questions.

12 units placed under contact:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=e4bf26fa-7c76-4960-9e0f-4bc05af22f44&Report=Yes

25 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=a436f0ae-d19d-4bec-bd4d-cc5ee1c4dcdc&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Snow on the beach and bay

2010-12-17T07:05:00.000-08:00

Here are some scenes of the beach and bay after yesterdays snowfall. There's no place better than Sea Isle, even in the winter!

Market update 12/7/2010

2010-12-07T13:05:00.001-08:00

Here is my Sea Isle market update covering just over the one month since my last update. 19 units have gone under contract and 13 units have sold. Links to details can be found below. There are currently 333 units for sale on the island.

Right now, there is a high level of interest from perspective buyers and mortgage rates are still low. In addition, there are a lot of nice homes for sale that are correctly priced. As a result, I'm optimistic about the sales volume in the first two quarters of 2011, however I don't see prices rising. In my opinion, they are going to stay where they are.

19 units pending sales:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=a694d993-43f7-4e05-b1d6-9e87e2deb343&Report=Yes

13 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=0facf8c6-bb7b-4086-b9c3-f1cfd5353e19&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS. If your property is currently listed for sale, this message is not intended to solicit your business.

Market update 11/2

2010-11-02T09:37:00.000-07:00

Here is my latest market update. 9 units have gone under contract and 13 have settled since my last update. There are currently 348 units on the market in Sea Isle City. If you would like to see more details on the sold and sale pending units, please click the links below.

Pending sales:
http://capemay.fnismls.com/publink/default.aspx?GUID=712a1850-afd9-4a5b-afd6-5dabd02eac74&Report=Yes

Sold:
http://capemay.fnismls.com/publink/default.aspx?GUID=d2f60ceb-f7aa-49aa-9681-8792ab84a8f5&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Market update 10/15

2010-10-15T08:47:00.000-07:00

My last market update was on 9/7 and since then there has been continued activity on the island. 34 units have been placed under contract and 13 units have sold. There are currently 347 units activity for sale on the island. Links to additional details on the sold and pending sales are below. Please contact me if you would like a more comprehensive review on a specific segment of the market or on a specific property.

34 units under contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=5c09f91d-48b4-473f-90ea-8b90c97f4294&Report=Yes

13 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=c4ad02f9-1e36-4579-9826-8175b8e7ad23&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Market update 9/7

2010-09-07T10:27:00.000-07:00

The market has stayed relatively strong this summer. In the past month since my last update, 8 units have sold and 14 have been placed under contract in Sea Isle. Below are links to more details. There are 310 units currently for sale.

8 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=ee6e7ded-6d80-4af1-9537-fca02e22a05b&Report=Yes

14 units placed under contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=80473631-5d6c-447c-a684-26762abbf1fd&Report=Yes

If you have any questions about the market or a specific property, please do not hesitate to give me a call.

Sea Isle Market update 8/5/2010

2010-08-05T11:50:00.000-07:00

There have been 4 units placed under contract and 10 sold in Sea Isle in Sea Isle since my last update on July 16th. Below are links to more details. There are currently 312 listings active and the average sale to listing price is 90-92%.

4 units Under Contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=a1513f29-c025-4a84-ac3e-6df72378cc10&Report=Yes

10 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=a705a2f5-cd88-46ad-9553-2a6704e54a18&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Sea Isle Market update

2010-07-16T09:44:00.000-07:00

With the hectic pace of the summer, I haven't had a chance to post a market update since May 25th. Since then, 32 units have sold and 16 were placed under contract. Links to the details can be found below. There are currently 307 units for sale in Sea Isle City.

The average asking to sale price ratio over the past 6 month has been 90-92%. Keep in mind that this is the average sale price at the time the unit goes under contract, not the original asking price. The new and/or "turn key" units are the ones that typically beat the average.

Take for example, my listing at 237 77th Street West. This was a new construction that sold for 97% of the asking price. Another example was my listing at 4404 Pleasure South. This was about 6 years old when it sold, but in excellent condition and sold for 96% of the asking price. On the other hand, 8 68th Street was in bad disrepair and sold for 87% of the asking price.

That's just a quick over view of what's happening in our market right now. If you have any specific questions, please do not hesitate to contact me.

32 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=f0d8b2f3-a7a8-4cb7-9605-0e53e83e8740&Report=Yes

16 units under contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=c35fa169-d8a4-46c9-9dec-f11ca16a35cc&Report=Yes

Market update 5/25/2010

2010-05-25T09:51:00.000-07:00

Here is what's happening since my last update in mid April. 29 units have been placed under contract and an additional 29 have sold. Links to more details can be found below. There are currently 318 units for sale on the island.

29 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=4a983a77-45af-4c83-8636-cd8bea4de09b&Report=Yes

29 Under Contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=2a1e2e01-0262-4c15-aeb6-74d4ea0993d1&Report=Yes

Market update 4/13/2010

2010-04-13T12:36:00.000-07:00

Here is my latest market update. Over the past two weeks, 2 units have sold and 6 others have been placed under contract. To date, 43 units have sold and 34 have been placed under contract. There are currently 334 units for sale on the island. Links to more details can be found below.

2 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=a8252fc9-14e4-41b8-b7eb-18936f55bc45&Report=Yes

6 units under contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=8de20345-9512-47f1-a581-1534d357d464&Report=Yes

All property information has been taken from CMCMLS.

March 30th Market update

2010-03-30T12:52:00.000-07:00

Here is my market update since my last post on March 2nd. Since then, 14 units have sold and 13 units have been placed under contract. Links to each of these units can be found below. If you would like additional information, please do not hesitate to contact me. There are currently 322 units for sale on the island.

14 units sold:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=fe12472c-3cd1-4116-8ea7-fe1bba692fdd&Report=Yes

13 units under contract:
http://CapeMay.fnismls.com/publink/default.aspx?GUID=d1c6b9b2-2a15-4dea-8f5b-bfd308c3b18b&Report=Yes

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Market update 3/2/2010

2010-03-02T11:33:00.001-08:00

Over the past two weeks, 8 units were placed under contract and 13 units were sold. Below are links to additional details on each. There are currently 297 units for sale on the island.

8 units under contract:
Click Here to View Listings
13 units sold:
Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

2010-02-16T13:28:00.000-08:00

Here is the market activity over the past two snowy weeks. 1 units sold and 5 others were placed under contract. There are currently 285 units for sale on the island.

1 units sold: Click Here to View Listings
5 units under contract: Click Here to View Listings

If you have any questions about your property or any others on the island, please do not hesitate to give me a call.

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Market update 2/5/2010

2010-02-05T09:33:00.000-08:00

My last market update was just over two weeks ago. Since then 13 units were placed under contract and 7 units were sold. You can find links to more details on these units below. There are currently 276 units for sale in Sea Isle. The sales activity has continued to increase with the new year. If a house/property is priced right, the seller should be receiving offers and ultimately be able to sell it.

13 units under contract:Click Here to View Listings
7 units sold:Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS. If your property is currently listed for sale, this message is not intended to solicit your business.

Market update

2010-01-19T11:04:00.000-08:00

Since my last market update on October 27th, 2009 55 units were sold in Sea Isle City. There are an additional 26 units that are currently under contract and a total of 269 units for sale. For more details on the sold and sale pending units, please click the links below.

55 units sold since October 27th, 2009
Click Here to View Listings
26 units currenlty under contract:
Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Friday 13th Storm pictures

2009-11-13T11:55:00.001-08:00

Here are some pictures from the storm taken on Friday.

Below is a picture of a barge that broke free and is stuck under the TI bridge. The bridge is closed until they can remove the barge and the engineers can survey the damages.

These picture were taken on the bayside 1 hour past the Friday morning high tide.

As expected, we are having significant beach erosion. However the great news is that the dunes have held and are protecting the houses. The news reported that Senators Menendez and Lautenberg secured federal money to replenish the beaches and prevent flooding in Atlantic and Cape May County. I searched both of their websites and didn't find any new information other then the post from October 15th that the Senate voted to approve a bill giving "$1,853,000 for beach renourishment in Ocean City, Upper Township and Sea Isle City" and "Townsends Inlet to Cape May Inlet: $1,066,000 for beach renourishment in Avalon".

This is 92nd Street.

This is 79th Street.

This is 75th Street

Avalon market update for the month of October

2009-11-07T06:52:00.001-08:00

During the month of October, 21 units sold and 20 units were placed under contract in Avalon. Links to more details are below. There are currently 397 units for sale in Avalon.

21 units sold: Click Here to View Listings
20 units under contract: Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Avalon. This is not intended to suggest that all units were sold by Dustin Laricks. All property information has been taken from CMCMLS.

Possible beach replensihment for the South End of SIC

2009-10-28T06:12:00.000-07:00

This article was in the Press of Atlantic City today:

Two coastal municipalities in Cape May County say storms and erosion that seriously damaged their beaches have them planning to partner on a massive sand replenishment project in the spring.
Avalon and Sea Isle City are preparing for an estimated $10 million beach fill without the promise of state or federal aid, the mayors of both municipalities said Tuesday.
"We have to start the process now," Avalon Mayor Martin Pagliughi said. "We can't fool around and wait for next spring. If we got back-to-back storms in the spring, we would probably lose some of that dune system."
"We lost quite a bit of sand in the north end before the storm that hit two weeks ago. Then we really got clobbered in that storm," he said.
Both towns will need to approve interlocal agreements for the project, which is expected to take place in the spring. The work could potentially involve 1.3 million cubic yards of sand.
Avalon and Sea Isle City, which sit on opposite sides of Townsends Inlet, want to split the cost of mobilizing the dredge, which is among the most expensive parts of a beach fill.
Avalon wants 600,000 cubic yards of sand on north-end beaches from Ninth to 26th streets. Sea Isle City wants 700,000 cubic yards for its southern beaches from 73rd to 93rd streets.
Pagliughi said he expects the project to cost each town more than $4 million. The towns will try to seek state or federal funding reimbursement, he said.
"This is probably one of the largest ones that we're undertaking," Sea Isle City Mayor Leonard Desiderio said. "And we're undertaking it at the time knowing the state of New Jersey has no money."
The municipalities are in a frequent tug-of-war with the Atlantic Ocean, which can eat into their beaches and potentially the dunes that protect the town.
In the summer, Sea Isle City received part of a beach fill - funded by the state Department of Environmental Protection and the city - to pump about 400,000 cubic yards on beaches in the north end and on downtown beaches.
Desiderio said that beach fill did not address the city's south end.
Earlier this year, Avalon received funding from the U.S. Army Corps of Engineers to stock sand on beaches between Ninth and 18th streets by using trucks to deliver sand.
Pagliughi called that work, "A Band-Aid."
Meanwhile, hydrologists are studying the "borrow site" at Townsends Inlet to determine how much sand a dredge can remove from the area, Pagliughi said.
The scope of a beach fill may depend on how much available sand can be removed there, he said.
A survey of Townsends Inlet in the summer estimated a little more than 1 million cubic yards of sand could be taken, but Pagliughi said major storms tend build up more sand in that zone.

October 27th Sea Isle Market update

2009-10-27T12:47:00.000-07:00

Over the past 4 weeks, 9 units were sold and 17 units were placed under contract in Sea Isle City. For pictures, addresses and details on these properties, please click the links below.

There are currently 295 units for sale and 133 units sold to date in Sea Isle City.

9 Units sold:
Click Here to View Listings
17 units under contract:
Click Here to View Listings

The sale information above was taken from the Cape May County MLS system. This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks.

37 85th Street, beach block Sea Isle

2009-10-18T10:46:00.000-07:00

This house is the only single family on the island that spans the entire length of the block, resulting in two front sides. One on 84th Street and one on 85th Street. Both have huge decks and large driveways. The entire second level consisting of an open kitchen, dining room, living room and is surrounded by windows on all 4 sides. Located in the beach block with no streets to cross to the beach, this is also one of the is one of the largest and nicest houses in Sea Isle.

132 84th Street

2009-10-18T10:37:00.000-07:00

This custom built townhouse is on an oversized 60' lot that allows for 5 bedrooms, 4 full baths and a larger then average living room, dining room and kitchen to comfortably accomodate the enitre family. Call for your private tour today. 609-335-9442.

9400 Roberts

2009-10-18T10:24:00.000-07:00

Endless views for sale! This two story condo has the best location that Sea Isle has to offer. From the breathtaking views to the adjacent bayside sunset beach to the short walk to the ocean side beach, you can have it all. The interior and exterior have both under gone extensive renovations to bring the unit up to date.

6809 Pleasure North

2009-10-18T10:00:00.000-07:00

There is more then meets the eye from the street with this oversized beachfront townhouse. Recently completed are new decks, a new kitchen and new furniture. The panoramic views span north from the Atlantic City skyline south to the avalon inlet and the entire ocean between. With ample windows and high decks, you will always have the ocean in your sights.

208 91st Street virtual tour

2009-10-18T09:53:00.000-07:00

If you do not need or can't afford a large townhouse but put a lot of value on location and an excellent layout, this unit is for you! This unit has plenty of offstreet parking, bay views and a very short walk to the beach. Imagine the family memories that you will have after each summer. The large decks with views of the bay are the perfect place to bring everyone together.

Sea Isle market update

2009-10-02T10:00:00.000-07:00

Here is my market update for Sea Isle covering the past two weeks. 9 units were place under contract and 7 units were sold. There are currently 298 units on the market. Please click the links below for more details.

9 units under contract: Click Here to View Listings
7 units sold: Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks.

Avalon quarterly market update

2009-10-02T09:56:00.000-07:00

Here a market update for Avalon covering June 1st - September 30th. 60 units were sold and 34 units are currently under contract. Links to additional details on those units can be found below. There are currently 409 units listed for sale.

34 units currently under contract: Click Here to View Listings
60 units sold: Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Avalon. This is not intended to suggest that all units were sold by Dustin Laricks.

Market update September 15th

2009-09-15T08:44:00.000-07:00

Here is a market update for Sea Isle covering the past two weeks. 5 units sold and 10 additional units were placed under contract. There are currently 293 units for sale on the island. Below are links to more information on each of these units.

5 units sold: Click Here to View Listings
10 units under contract: Click Here to View Listings

There are a lot of fun events scheduled in Sea Isle for the Fall. Please read my previous blog entry for more details. Hopefully I will see you down here. -Dustin

The sale information above was taken from the Cape May County MLS system.

Fall events in Sea Isle City

2009-09-14T11:01:00.000-07:00

Here is a list of the Fall weekend events in Sea Isle. There's plenty going on, so plan a trip down!

September 19th / 20th Fall Family Fesitval
Saturday - Sand sculpting, Seaside Market and food court, Live music at JFK and Pleasure, followed by a Dance party.
Sunday – Antique auto show, Live Music at JFK and Pleasure, Historic Trolley tours.

September 26th – 27th Sea Isle City’s Irish weekend
Saturday – CMC Bar Association 5K Run / 1K walk at 9AM JFK and the beach. Vendor market, Food, Bands and Dancers at JFK.
Sunday – Vendor market, Food, Bands and dancers at JFK.

October 3rd – 4th Harborfest weekend
Saturday – Harborfest events at 42nd and the bay 11am – 6pm.
Sunday – Harborfest events at 42nd and bay 11am – 6 pm. 5K Firefighters Memorial run JFK and Promenade 11am, 5K Run/1K walk for Autism Time and Place TBA.

October 10th Saturday – Charlotte Moretti Race for the cure 5K run/walk JFK and promenade 9AM

October 17th Saturday – ESA Surfing Competition JFK and beach 7AM. Environmental Commission beach clean up and dune planting 10AM – Noon call 609-263-6000 x2 for details.

October 24th – 25th Sea Isle Chamber of Commerce Octoberfest
Saturday – ESA Surfing competition JFK and beach 7AM. Octoberfest events, visit www.SeaIsleChamber.org for details.

Beach Replenishment

2009-09-05T13:06:00.000-07:00

Sea Isle participated in a joint beach replenishment project with the State of New Jersey and other local municipalities this summer. Our portion of the project included the beaches from 1st – 15th Street and 40th – 54th Street. The sand was pumped from Corson’s Inlet (between Sea Isle and Ocean City) via pipes to these beaches. Although it came with a little confusion as to the dredging schedule and a little inconvenience to beach goers, it has been an overall success and a lot of fun to watch.

Here is a pictures that I took on 44th Street before the beach replenishment project. Notice the exposed jetty and short distance to the ocean.

These are pictures of the sand being pumped onto the beaches and spread out by the heavy equipment. Notice the height of the new sand as they are pumping. This elevation was spread throughout the entire length of the project.

Here are pictures after they completed pumping. Notice how much larger the beaches are! The project is scheduled to be completed the second week in September and it will take a few days to have the pipes taken away.

Septemkber 1st market update

2009-09-01T07:31:00.000-07:00

There has been some nice activity in Sea Isle over the past 4 weeks with 8 units sold and 19 additional units placed under contract. There are currently 283 units for sale in Sea Isle City. Below are links to more detailed information on the sold and under contract units. Please do not hesitate to contact me with any questions.

8 units sold: Click Here to View Listings
19 units under contract: Click Here to View Listings

The beach replenishment project is up and running again after some delays from the two hurricanes passing by the coast and some equiptment failures. Check back for an update next week.

Have a nice Labor Day weekend! -Dustin

The sale information above was taken from the Cape May County MLS system.

Market update August 4th

2009-08-04T11:40:00.000-07:00

Over the past three weeks, 8 units were placed under contract and 7 units were sold. Links to more detailed information can be found below. There are currently 272 units for sale on the island. Since January 1st 2009, 101 units have sold and there are currently 21 units under contract.

8 Units under contract: Click Here to View Listings
7 Units sold: Click Here to View Listings

Things are moving along nicely. I have a few new 5 bedroom, 3 1/2 bath, bonus room style construction projects ranging from $599 to $749. All of the units will have views. If you or anyone you know is interested, please do not hesitate to give me a call. -Dustin

The sale information above was taken from the Cape May County MLS system.

July 14th Market update

2009-07-14T09:58:00.000-07:00

Since my last market update 3 weeks ago, 6 units were placed under contract and 12 units have sold. Detals to those properties are listed below. There are currently 275 units for sale. 94 units have sold in Sea Isle since January 1st and there are currently 22 units under contract.

6 Units Under Contract: Click Here to View Listings
12 Units Sold: Click Here to View Listings

All sold and pending sales statistics are taken from the Cape May County MLS.

Market update

2009-06-23T08:25:00.000-07:00

Here is my market update for the past two weeks. 9 units were sold and 3 were placed under contract in Sea Isle City. Below are links to more details on these units. There are currently 275 units for sale on the island. The inventory number has consistently fallen throughout the Winter and Spring. Please see my past market updates on this blog for more details.

9 units sold: Click Here to View Listings
3 units under contract: Click Here to View Listings

As part of this business, I often get asked in inevitable question "How is the Real Estate Market"? That's a good question, in fact it's a great one. Here is my answer. All things considered, the overall real estate market in Sea Isle City is good. From January 1st through today (June 23rd), 81units were sold and 27 units are currently pending sales. That's a total of 108 units in 174 days, a much better statistic then what most people hear on the news.

However, to fully understand our island's market, you need to know that there are markets within the market. The segment of our market that is the strongest is priced between $500,000-$800,000. 54% of the sales mentioned above fall within these price ranges. Most of those sales are the 4 or 5 bedroom new and newer townhouses. That segment of the market has also maintained it's value the best.

The 2 segments of our market that have suffered the most are the bayfront and beachfront markets. Only 3 bayfront condos and 1 townhouse were sold since January 1st. Likewise, only two beachfront townhouses have been sold in the same period.

The beachblock segment falls somewhere in the middle. 14% of all sales were in the beach block. I think that this is because most people would rather buy new for less money and walk the extra block to the beach. The exception may be the properties who offer significant ocean views.

Beyond location and size, there are other factors that influence a property's value. For a better understanding on a specific property value, please do not hesitate to call me. I hope that you find this market update useful.

All sold and pending sales statistics are taken from the Cape May County MLS.

Market update

2009-06-09T11:57:00.000-07:00

Here is my latest market update. In the past two weeks, 11 units were sold and 11 units were placed under contract. There are a total of 279 units on the market for sale in Sea Isle. Links to more details can be found below.

Here's another interesting statistic, between January 1st and June 1st of this year, 104 units were placed under contract or sold (according to the CMC MLS). That's better then one every other day. In 2008, that number was 116 and in 2007 it was 131. This reflects what I have been saying about the market in that if you are priced right, you can sell your house. It's true that values are not what they were at the peak of the market, but our buying demand has remained steady.

11 unit Sold: Click Here to View Listings
11 units Under Contract: Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks.

Peyton's Promise Results

2009-05-28T07:56:00.000-07:00

The first annual Peyton's Promise 5k run / 2k walk was a great success! We had approximately 280 runners and walkers and raised $21,500 to be donated to Children's Hospital of Philadelphia. This money will be allocated towards ongoing research for lung development to help babies born with CDH.

On behalf of everyone who donated, attended and helped out, Peyton and the Laricks family thanks you and wished you all the best. We look forward to making next year's event bigger and better.

To see pictures from the day's event, go to www.PeytonLaricks.blogspot.com.

Market update 5/26

2009-05-26T07:57:00.000-07:00

This market update covers the past 4 weeks. Activity remained strong through the month of May. Prices in most segments of our market have seemed to stabilize. Some values are a little lower then what sellers had hoped for, but overall our market has remained healthy. Below are links to the 14 units that have sold and 16 that have gone under contract. There are currently 288 units for sale in Sea Isle City.

14 units sold: Click Here to View Listings
16 under contract: Click Here to View Listings

Peyton's Promise was a great success. We raised $21,500 for The Children's Hospital of Philadelphia! To see pictures from the event, go to www.PeytonLaricks.blogspot.com. Thanks again to all who supported us.

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks. If your property is currently listed for sale, this message is not intended to solicit your business.

May 1st market update

2009-05-01T08:25:00.000-07:00

Here is a market update for the past two weeks. 9 units were placed under contract and 12 units were sold. There are a total of 304 units listed for sale in Sea Isle. If you have any questions about the market or if there is anything that I can do for you, please do not hesitate to contact me. For past market updates and other Sea Isle information, please visit the blog on my website.

9 Units Under Contract: Click Here to View Listings
12 Units Sold: Click Here to View Listings

May 16th is Peyton's Promise 5k Run / 2K Walk benefiting Children's Hospital of Philadelphia. For details visit www.PeytonLaricks.blogspot.com.

Market update 4/14/09

2009-04-14T11:22:00.000-07:00

Here is my market update for the past two weeks. 9 units were sold and 7 units were placed under contract. Below are links to more information. There are a total of 312 units currently for sale in Sea Isle City. Sales have remained steady in the new/newer mid-island homes between $600,000-$800,000, while the the older units, bayfronts and beachfronts have not yet picked back up. If you have any questions, please do not hesitate to call.

9 units sold:
Click Here to View Listings
7 units placed under contract:
Click Here to View Listings

***Don't forget Peyton's Promise 5k run, 2k family walk May 16, 2009. All net profits to benefit ongoing research at Children's Hospital of Philadelphia. For more details, visit www.PeytonLaricks.blogspot.com.***

Sea Isle Market update

2009-03-31T10:28:00.000-07:00

Here is my market update for the past two weeks. 11 units were placed under contract and 7 units were sold. There are currently 304 units for sale on the island. Most of the market activity is between $600,000 and $800,000 on new or newer homes priced competitively. If you have any questions, please do not hesitate to give me a call. -Dustin

11 units under contract:
Click Here to View Listings

7 units sold:
Click Here to View Listings

***Don't forget Peyton's Promise 5k run, 2k family walk May 16, 2009. All net profits to benefit ongoing research at Children's Hospital of Philadelphia. For more details, visit www.PeytonLaricks.blogspot.com.***

Market update 3/17/09

2009-03-17T11:56:00.000-07:00

Here is my market update for the past two weeks. We had increased activity with 11 units going under contract and an additional 8 units selling. There are currently 292 units for sale on the island. We are beginning to see an increase in the confidence level of the $600-$800 price range. As a result, these prices have stabilized and units are beginning to sell. If you have any questions, please do not hesitate to contact me directly.

Please click the link below for more details.

11 Under Contract:Click Here to View Listings
8 units sold:Click Here to View Listings

Foreclosures fall sharply in souther New Jersey

2009-03-12T07:27:00.000-07:00

Foreclosures fall sharply in southern New Jersey
By KEVIN POST Business Editor Press of AC, 609-272-7250
Published: Thursday, March 12, 2009

The broad easing in southern New Jersey of the national foreclosure crisis continued in February, a sign that the region may be getting past the worst of the real estate slump.

The rate of foreclosure filings fell by a quarter or more in Atlantic, Cape May, Cumberland and Ocean counties, even as such filings increased 6 percent nationally, according to RealtyTrac, the Irvine, Calif.-based provider of foreclosure market information.

Atlantic and Ocean counties each saw filings fall 24 percent in February.

One in every 815 homes in Atlantic County was subject to a foreclosure filing in February, an improvement from the one in 617 homes in January. In Ocean County, the rate fell from one in 785 to one in 1,027 homes.

Cape May County foreclosures dropped 27 percent, from one in 1,133 to just one in 1,544.

Cumberland County, which had seen the worst of the foreclosure crisis locally and was last to show improvement, cut its foreclosures 52% in February. The rate dropped dramatically from one foreclosure for every 481 homes to just one in 1,005 in February.

Foreclosures reached one in 440 nationally, a 6 percent increase and more than RealtyTrac Chief Executive James Saccacio expected. He said various government and bank programs to delay or suspend foreclosures were in place, but large ones expired in Florida and New York, which saw increases of 14 percent and 24 percent respectively.

The hardest-hit state continued to be Nevada, with one foreclosure for every 70 homes, a 9 percent increase. Las Vegas was the foreclosure capital, with one home in 60 affected.

Arizona, California and Florida remained with Nevada at the epicenter of the crisis. The four states together accounted for 55 percent of all foreclosures in the nation in February.

New Jersey was 29th among states with one filing per 1,067 homes, a 34 percent drop from the month before.

Sea Isle market update

2009-03-03T11:55:00.000-08:00

Here is my market update for the past two weeks. 6 units have sold and 12 were placed under contract. There are a total of 297 units currently for sale on the island. For more information, please click the links below.

6 units sold:
Click Here to View Listings
12 units under contract:
Click Here to View Listings

Here is a picture of the dunes after the storm yesterday.

Sea Isle City approves lease for amusement park

2009-02-25T13:49:00.000-08:00

By BRIAN IANIERI Staff Writer, 609-463-6713
Published: Wednesday, February 25, 2009

SEA ISLE CITY - City Council gave its approval Tuesday to the operators of Gillian's Wonderland Pier to run an amusement park on city land.
The approval allows the Ocean City-based amusement park operators to lease vacant city-owned land along John F. Kennedy Boulevard for the next 10 years. The company offered Sea Isle City 10 percent of the annual gross revenues of the park, including rides and concessions, as payment for the lease.
Gillian's Funland of Sea Isle City will include 10 or 11 kiddie rides.
It will be the first amusement park in Sea Isle City in almost 10 years, after the closing of Fun City, a 30-year staple of the resort that was sold to developers.
Opening an amusement park in the midst of a recession does not daunt Jay Gillian, whose grandfather started Gillian's Fun Deck in Ocean City about 1930, in the midst of the Great Depression.
"My grandfather has always told me, everyone always has money to put someone on a Merry Go Round," Gillian said. "It's the truth. We seem to always take care of our children."
Gillian said he had his eye on Sea Isle City for an amusement park for years.
But the price of real estate precluded it.
Gillian seized the opportunity when the city offered the lease on the land. The city is planning to build a Boardwalk-type walkway at the nearby marina later this year.
"If we had to buy the property, it would never be worth it. It would just cost millions of dollars for the land," he said.
Gillian said he expects to open the park by Memorial Day and is planning hours from 1 to about 9 p.m.
Mayor Leonard Desiderio has high hopes for the amusement park and its potential to keep visiting families in the city.
"I can remember getting hundreds and hundreds of letters saying, 'Fun City is closed, we need an amusement park,'" Desiderio said. "I can recall trying a couple of times to bring amusement parks to a couple different locations."
The specific rides for the amusement park have not yet been determined, but officials said they will be geared toward the very young.
"I really wanted to keep it to little kids, not to teenagers," Gillian said.
Under the agreement, the city can pre-approve any ride.

Market update 2/17/09

2009-02-19T11:53:00.000-08:00

Here is my market update covering the past two weeks. 9 units have gone under contract and 3 units were sold. Below are links to more details. There are currently 306 units for sale in Sea Isle.

9 Units under contract:Click Here to View Listings
3 Units sold:Click Here to View Listings

Market update 2/3/2009

2009-02-03T07:37:00.000-08:00

Here is my market update for the past two weeks. 3 units were sold and 3 units were placed under contract. There are currently 306units for sale in Sea Isle City. Please click the links below for more details on these properties.

3 units sold: Click Here to View Listings
3 units under contract: Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks.

Sea Isle Market update

2009-01-21T10:17:00.000-08:00

Here is my market update for the past two weeks. 4 units were placed under contract and 3 units were sold. There are currently 297 units for sale on the island. For more information please click the links below:

4 Units under contract: Click Here to View Listings
3 Units Sold: Click Here to View Listings

Have a great day!

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks.

Bayfront houses collapsing into the bay.

2009-01-16T09:30:00.000-08:00

I have been getting a lot of calls from owners who want to know what's happening with the houses that are in jeopardy of falling into the water. Is their house two blocks away going to fall into the water? Is their house on Pleasure avenue going to fall into the bay? Is the entire Southern end of Sea Isle getting washed away??? Yes the damage is severe, but it's isolated to a few properties along 82nd and the bay.

Here's what I can tell you. On Saturday morning, the triplex on the Southern side of 82nd Street lost it's bulkhead after the tie backs snapped. Tie backs are steel rods that connect the bulkhead to a set of pilings deep inside the property for added support. Once the bulkhead fell away, it exposed the land to the strong currents and quickly eroded the land away from the property. It also exposed the adjacent property to the tidal currents, causing their bulkhead to rip off and erode their land too. Although they are deemed uninhabitable, both buildings are still standing on the piling foundation. The picture below shows both properties as of this past Monday (thanks ABC news for the aerial pictures).

Another question being asked is what caused the bulkhead to fail? The experts haven't been able to determine the exact cause yet, but here is what I can tell you. On the northern side of 82nd Street is the Coast Guard base. Before these houses were built, the Coast Guard had a long pier sticking out into the bay that diverted the currents keeping the water depth to about 25 feet. After the triplex was built, the Coast Guard also rebuilt and eliminated the pier allowing the water to flow unobstructed. Since the triplex lot is on a corner, the currents naturally dredged the bottom to it’s current depth of 40+ feet. I think that the years of added pressure due to the increased water depth was simply too much for the bulkhead to sustain, causing it to fail.

Another big question is how to fix it? I can’t see how they can build a new, deeper bulkhead with the existing building on the land because they need to access the pilings underground for new tie backs. Unless there is another construction technique, I think that they are going to be forced to tear the triplex down.

As I pass by these houses from the water in the summer, I can tell that the homeowners enjoy time spent on the water. Personally, I feel terrible for everyone involved and hope that they can get it everything rebuilt soon.

Market update 1/06/09

2009-01-06T10:59:00.000-08:00

Here is my latest market update. Over the past two weeks, 3 units have gone under contract and 4 units have sold. There are currently 290 units for sale on the island. Please do not hesitate to contact me if you have any questions or if there is anything that I can do for you. -Dustin

Click these links below for more details.

3 Units under contract:
Click Here to View Listings
4 units sold:
Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks.

Market update 12/23/08

2008-12-23T07:53:00.000-08:00

Since my last post on 12/2/08, 7 units were sold and 5 units were placed under contract in Sea Isle. Below are links to more information. There are currently 311 units for sale on the island. Please contact me if there is anything that I can do for you.

7 units sold:
Click Here to View Listings

5 Units under contract:
Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks.

Great Interest Rates!

2008-12-13T08:47:00.000-08:00

Here are Bank of America's rates as of 12/13/08. Now is a great time to buy or re-finance.

Conforming Loans (borrowing up to $417,000)
30 year fixed, 0 points = 4.875%
30 year fixed, 1 point = 4.625%
15 year fixed, 0 points = 5%

Jumbo Loans (borrowing $417,000 - $1,500,000)
30 year fixed, 0 points = 6%
30 year fixed, 1 point = 5.625%

For more details, call Mike Jamison
609-465-6620 office
609-425-7284 cell

12/2/08 market update

2008-12-04T08:16:00.000-08:00

Since my last post on 11/24, 4 units have been sold and 1 unit was placed under contract. Below is a link to details on those properties. As of today, there are 319 units for sale in Sea Isle. Please contact me at anytime if you have any questions or if there is anything that I can do for you.

1 unit under contract: Click Here to View Listings
4 units sold: Click Here to View Listings

This is a fact-based message intended to give you first hand, accurate knowledge about market conditions and property values in Sea Isle City. This is not intended to suggest that all units were sold by Dustin Laricks.

Recent FAQ's

2008-11-23T08:40:00.000-08:00

Do banks have money to lend? Yes, you just have to be able to put 20% down and afford the payments.

Have home sales come to a grinding halt in Sea Isle? What’s happening down there? 15 units have sold to date since October 1st. 16 units are currently under contract. Of those 16, 13 went under contract since October 1st. More importantly, there is still a high buying demand, our listing are being show every weekend. Although the buyers can afford these houses, most of them are waiting for the sellers to drop their prices like the stock market. Here’s the problem, most of the sellers can afford their mortgages and would rather keep their house then sell for a drastic reduction. We tend to see a lot of $550,000 offers on $725,000 listings that the sellers won’t even consider. The buying demand typically continues to accumulate while the sellers keep to their prices. Eventually, a buyer will make a reasonable offer and there will be a meeting of the minds, like the units mentioned in this blog.

Are there distressed sales on the island? Yes, but very few. And most of them are still for sale because they either need a lot of work, are located in a less then desirable area or are small. The nice houses in nice locations tend to have owners that are not distressed, have the ability to rent and would wait. If a buyer is willing to sacrifice location or size or put time and money back into a unit, they can find a distressed sale. Give me a call, I’ll tell you where they are.

Did we hit the bottom? Maybe. No one knows for sure when we’ve hit the bottom until the bottom has already passed.

What should a buyer do? Find a good house in a good location that you can afford. One that meets your family’s needs. Don’t buy for a 2-3 year turn around. Buy for your family’s quality of life now and for the long term investment. If you buy now and prices do fall another 1-3% over the next 6-9 months, that and more will be regained over the long term and you’ll look back at this as a great time to buy.

Please feel free to Email me your questions.

Here are the units that have sold and those that have gone under contract since October 1st:
8601 Landis 1 bed, 1 bath, sold $259,900 (first floor)
5612 Landis 2 beds, 1 bath, sold $315,000 (first floor)
131 40th 4 beds, 1 1/2 baths, sold $350,000 (single-family on an under sized lot)
101 47th 3 beds, 2 baths, sold $400,000 (condo)
6412 Landis 3 beds, 2 baths, sold $470,000 (condo)
4100 Boardwalk, 2 beds, 1 1/2 baths, sold $487,425 (condo)
118 34th West, 4 beds, 2 baths, sold $517,000 (townhouse)
6609 Central South, 4 beds, 3 baths, sold $530,000 (townhouse)
26 47th West, 4 beds, 2 baths, sold $643,500 (townhouse)
6604 Pleasure South, 4 beds, 2 1/2 baths, sold $650,000 (townhouse)
6422 Central South, 4 beds, 3 baths, sold $672,500 (townhouse)
119 49th West, 4 beds, 3 1/2 baths, sold $675,000 (townhouse)
5101 Central N, 5 beds, 4 baths, sold $721,500 (townhouse)
114 72nd East, 5 beds, 3 1/2 baths, sold $785,000 (townhouse)
33 75th East, 5 beds, 3 1/2 baths, sold $847,000 (townhouse)

4315 Landis, 2 beds, 1 bath, under contract asking $339,000 (condo)
34 34th Street, 3 beds, 2 bath, under contract asking $369,900 (condo)
3502 Landis, 3 beds, 2 baths, under contract asking $399,000 (condo)
6318 Central, 3 beds, 2 baths, under contract asking $429,000 (condo)
5813 Central, 4 beds, 2 baths, under contract asking $528,000 (first floor)
7300 Central, 3 beds, 2 baths, under contract asking $589,000 (detached single unit in a condo)
9205 Pleasure, 2 beds, 2 baths, under contract asking $609,900 (condo)
114 72nd West, 5 beds, 3 1/2 baths, under contract asking $799,000 (townhouse)
116 88th East, 4 beds, 3 1/2 baths, under contract asking $799,000 (townhouse)
138 78th West, 5 beds, 3 1/2 baths, under contract asking $815,000 (townhouse)
137 56th, 4 beds, 1 1/2 baths, under contract asking $869,000 (tear down)
21 48th South, 5 beds, 4 baths, under contract asking $1,019,000 (pre-construction townhouse)
4478 Venicean North, 4 beds, 2 1/2 baths, under contract asking $1,195,000 (townhouse)

Game 5 - 2008 World Series

2008-10-30T07:09:00.000-07:00

Top of the 9th, Strike 1...

Strike 2...

Stike 3, The Philadelphia Phillies are World Champions!!!

Wind Mills off the coast of Sea Isle

2008-10-05T08:01:00.001-07:00

New Jersey's Board of Public Utilities signed approved a proposal to build windmills off the coast of Avalon/Sea Isle as early as 2010. The site will be located 20 miles off the coast in 110 feet of water. According to the predictions, "could supply the annual needs of about 125,000 homes" once it's completed in 2012.

I like the idea of renewable energy. I think it's the future. Hopefully it works without any environmental impact.

To read the article published in the Press of Atlantic City, click here:

http://www.pressofatlanticcity.com/185/story/275718.html

Selling your beach house in today's market.

2008-08-27T12:31:00.000-07:00

Q: Can you sell your Sea Isle house in today’s market? If so, what is the secret?

A: That’s a great question. From January 1st through today, 139 units have sold in Sea Isle City. So what is the secret to selling your house? The secret is this, if it’s not new, make it like new.

I have sold a lot of homes over the past year and the one thing that they almost all have in common is that they are either new constructions or in “like new” condition.

One example is a condo that I had for sale on 45th and Landis. This unit was on the market for about 7 months with some activity, but no true interest. The sellers then took my advise and invested some money into the kitchen and furniture. Once it was completed, the unit went under contract in 3 months and sold for 98% of the asking price!

Another example comes with a buyer that I had been working with for well over a year. The husband and wife said that price was the most important factor in their buying decision, even if they have to do some work to the unit. We spent countless days touring houses in their price range – all needed some work and just didn’t do it for them. Then a 10 year old townhouse came on the market. The seller of that townhouse made two very wise decisions. First, he priced it right. Second, he repainted, re-carpeted and refurnished the house (even the tags were left on the sofas). This unit was out of the buyers target price range, but in the end, they bought it at 93% of the asking price and settled 55 days after it was put on the market. They referred to it as the 10 year old new house.

A third example was a 3 year old townhouse. The house and furniture were both in excellent condition. However the sellers still did some touch up painting and had the carpets professionally cleaned. It sold in 56 days for 94% of the asking price.

In this market, price point is very important, however isn’t enough to sell a house. The winning strategy is a combination of price point and reinvesting in the sale property. Successful sellers have a firm understanding of their market value and what it takes to create a “turn key” unit.

After successfully renovating my own investment properties and helping many clients to do the same, I have a lot of valuable experience that I would be happy to share with you. Please do not hesitate to contact me and schedule an appointment to review your unit.

Dolphin video

2008-07-19T06:48:00.000-07:00

I was out fishing this week when a pod of dolphin swam up and rode our bow wave. Enjoy the video!