Storm waves cut across the barrier island at Mantoloking, NJ, eroding a wide beach, while depositing sand onto the island and into the back-bay, where many of the houses and roads just vanished. Not many years have passed since Hurricane Sandy devastated the Jersey shore and caused serious economic losses. Storm waves cut across the barrier island at Mantoloking, NJ, eroding the wide beach, while depositing sand all over the town and into the back-bay, where many of the houses and roads just vanished. Years after this devastating event, most of New Jersey’s seaside towns have entirely rebuilt their boardwalks and have created dunes to protect them from future storms. No matter what happens in the state of New Jersey, the shore area will remain an enduring popular destination, says FEMA. Continue reading
The best place to invest in real estate is where prices are on the rise. This ensures that the property you invest in today would be worth much more in a few years. This is exactly what experts are predicting for Monmouth County. According to data published by Zillow, the median home value in Monmouth County increase 2.7% in 2016, and is expected to rise again in 2017 by an estimated 1.9%.
Even a visual representation of the ocean, like a picture or video, has a positive impact by way of stress reduction and mood upliftment, says research conducted by UNESCO. If a picture can achieve this, imagine the health benefits of living near a beach and being able to have glimpses of the ocean several times a day! Continue reading
According to the 2015 Tourism Economic Impact Study by the Division of Travel and Tourism, New Jersey tourism grew by 3.3% in 2015 and was valued at $43.4 billion. Among the 21 counties of the state, Atlantic City was the biggest generator of revenue, at $6.7 billion.
According to a report by Markets and Research, published in December 2015, the global vacation rental market is expected to reach $169.7 billion by 2019. New technology-oriented start-ups and preference of vacation homes over hotels are expected to act as the fuel for this growth.
According to an article published in Zillow, the average value of homes in Ocean County is $268,000, as of October 31, 2016. Although the value has gone up 3.4% in the last year, the median per foot value, which stands at $167, is far less than the $247, which is the average for New York, as of the same date. This makes the Ocean County a fairly affordable place to live in.