by Shawn Clayton
on Tuesday, February 3rd, 2015 at 9:53am.
Yes, the weather outside is frightful, but people are already beginning to book their summer rentals down on the Jersey Shore, not only to get the property they want, but as a psychological break from winter's icy grip.
It might be possible to get a better deal on a holiday home rental right now as many landlords would rather rent a home out now and not have to worry about it when summer rolls around and their property is sitting empty and not making them any money.
Overall the rental market in Monmouth and Ocean Counties is still below what it was before Superstorm Sandy rocked the coast, there has been an increase in vacation rentals the past two years. According to the Monmouth/Ocean County MLS, rentals went up 2.6% from 2013 to 2014 for listings that were rented and there was a 1.3% rise in the number of new listings. Be sure to view our Jersey Shore rental listings for Bay Head and Mantoloking.
Every summer thousands of visitors flock to the Shore to enjoy the beaches and sunshine. In 2013, there were 87.2 million visitor trips to New Jersey, with many of those holidaying on the Shore in oceanfront towns like Point Pleasant Beach, Belmar, Lavallette, and Spring Lake.
With the ongoing cleanup from the devastation of Sandy still a work in progress, the Shore is still recovering, but the tourism numbers are clearly on the rise since Sandy hit in October of 2012.
Another aspect of tourism in New Jersey is owning investment property. With the recovery well underway, it's probably a good time to make that purchase if you've been thinking about owning a home you can rent out to vacationers on the Shore. Experts are predicting home prices will be rising as the economy continues to recover and the damage from Superstorm Sandy becomes more and more of a memory.
If you want to rent out your own Jersey Shore home, Clayton and Clayton can help. Just click here.