Monday, April 27, 2015

Sandy who? Waterfront sales continue to rise at the shore

Like the coming and going of the seasons and the erosion and restoration of the beaches, property values at the Jersey Shore always eventually rebound after punishing storms. Even with the multitude of beach homes ruined but still standing 2.5 years after Sandy roared up the coast, realtors report that oceanfront values are steadily climbing back to pre-Sandy levels.

The value of properties farther from the beach and bay are slower to recover but if New Jersey is fortunate enough to dodge another major hurricane for a decade or so, snapping up one of those properties today could proved to be a wise investment.

Lauren Wanko of NJTV News, reporting from Bay Head, has the story in the video above.

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