SHORE LOCAL NEWSMAGAZINE- Grab the latest issue out now- at Wawa , Walmart, and other stores in the Shore area. Serving all of Atlantic County, Ocean City, Upper Twp & Sea Isle, NJ-Now out with 2 different covers:
Real Estate Article I Wrote on Ventnor:
REAL ESTATE UPDATE - A LOOK AT VENTNOR, NJ By Gary Simmens
Ventnor City is located on 8.1-mile long Absecon Island, along with Atlantic City to the northeast, and Margate City and Longport on the southwest.The city borders Atlantic City, Egg Harbor Township, Margate City and Pleasantville. With Stockton University expanding close by in the southern end location of bordering Atlantic City, it has added some spark and value to AC and to the city of Ventnor to continue to help compliment the nice growth and appreciation of increasing prices in the beach community. The local buzz has people excited to see the older Ventnor movie theatre currently being renovated beautifully with style, (the building has been closed for 15 years, and previously had water damage in the basement from Hurricane Sandy in 2012). It is expected to open this year, so islanders will have easy access to a new 1st class theatre.
The most expensive recent sold single family home was a 3 story beachfront. A beautiful 5 bedroom 4.5 bath being approximately 3100 square feet that sold on 04/08/2019 for $2,475,000. Comparison of the year 2017 to 2018 stats for Ventnor showed closed sales of residential homes up 17.2% for more closed sales. The median sales price jumped up in value 15.8% for average of $289,500. As well, the marketing time for the closed sales was faster with a 24.7% increase year to year. The percent average of list sales price received jumped up 1.5% for sales closer to asking price, and continues to be that way or just a little higher in 2019 so far this year. Ventnor Heights section has seen nice appreciation in prices too in the past year as supply thins out. The higher end luxury homes market has improved nicely during the last 1.5 years with better economy nationally, lower interest rates and signs of AC getting back on track with some expansion and growth along with two major large casinos added to the economic pie, and the positive investment outlook.
The beautiful boardwalk loaded with several luxury high rise condo complexes runs 1.7 miles in Ventnor, continuing for another 3.5 miles in Atlantic City. Whether your looking for a primary or vacation home, Ventnor offers a nice beach town lifestyle, just a few minutes to top entertainment in Atlantic City.
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