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The Rise in Demand for Summer Rentals in Ocean City, New Jersey

El auge de la demanda de alquileres de verano en Ocean City, Nueva Jersey

Real estate experts in Ocean City, New Jersey, are advising families to act quickly and secure their summer rentals as they anticipate an increase in demand in the coming weeks. Since the beginning of the year, Maria Kirk, the owner of Shore Summer Rentals, has reported a 20% increase in website traffic, indicating a growing interest in vacation homes. The recent period of good weather has also played a role in attracting potential renters.

She expects this year’s rental market to reflect or even surpass the success of the previous year, despite starting slower. Families, like Mary Ann Madrak’s, have already taken steps to secure their desired summer rental. By planning ahead and contacting various real estate agents, they were able to find a property that met their specific needs. However, some families are looking for ways to save money due to economic uncertainty. Diane Wieland, from the Cape May County Tourism Department, mentioned that while rental prices have remained relatively stable compared to last year, more and more people are opting to share costs by renting larger properties with multiple families.

The increase in bookings through September is seen as a positive trend for the local tourism industry. Wieland also highlighted the county’s efforts to promote the region as a year-round destination, emphasizing the inclusion of almost all seasons in their marketing campaigns.

In summary, the rise in demand for summer rentals in Ocean City, New Jersey, reflects a growing interest in vacationing on the Jersey Shore. Families are advised to act quickly to secure their desired properties while considering options that allow them to save money, such as sharing larger rentals with other families.

Frequently Asked Questions:

1. What is the recommendation from real estate experts in Ocean City, New Jersey?
– Experts recommend that families act quickly and secure their summer rentals due to the increase in demand.

2. Has there been an increase in interest in vacation homes?
– Yes, since the beginning of the year, a 20% increase in website traffic for summer rentals has been reported, indicating a growing interest in vacation homes.

3. What role has the recent good weather played?
– The good weather has been an attractive factor for potential renters.

4. Is the rental market expected to reflect the success of the previous year?
– Yes, the rental market this year is expected to reflect or even surpass the success of the previous year.

5. What are some families doing to secure their desired summer rental?
– By planning ahead and contacting various real estate agents, some families have managed to find a property that meets their specific needs.

6. How are some families saving money?
– Some families are opting to share costs by renting larger properties with multiple families.

Definitions:

– Real estate: Immovable property such as houses, apartments, land, etc.
– Summer rentals: Properties that are rented during the summer season for vacations.
– Renters: Individuals who rent a property.

Related Links:

– shoresummerrentals.com
– capemaycountynj.gov