The Burke & Co. RE Report- July 24-30, 2022

Inventory is Rising Last week we looked at how rental income on the island will help support home prices. This week we focus on a factor that pushes the balance in the other direction. Inventory is rising. And it’s early for that. Generally– especially in...

The Burke & Co. RE Report- July 17-23, 2022

Rents Will Continue to Support Home Prices Prices have flattened (and maybe even receded ever so slightly) from about March/April here at the shore. However, there’s a few reasons that it might be unlikely that we will see prices drop significantly. This week...

The Burke & Co. RE Report- July 10-16 , 2022

Active Listings? We Got Your Active Listings Months of supply is a measure of the number of homes actively listed divided by the number of homes going under contract per month. And in the shore communities of Cape May County, that number is swelling. In Avalon and...

The Burke & Co. RE Report- July 3-9, 2022

The #1 Reason NJ Beach Real Estate Prospers Over Time Location, location, location. While on vacation in the vast wilderness (and overwhelming beauty) of Alaska, it occurred to John Burke why throughout the ups and downs of economic cycles, the NJ shore market for...
The Burke & Co. RE Report- June 19-25, 2022

The Burke & Co. RE Report- June 19-25, 2022

Finalized May Data Check out final full month data for Sea Isle, Ocean City, Avalon & Stone Harbor, and the Wildwoods for May 2022 with the market reports found here: SEE MONTHLY REPORTS Find every home listed, sold, or put under contract in the following...
The Burke & Co. RE Report- June 12-18, 2022

The Burke & Co. RE Report- June 12-18, 2022

No Comment- The Weekly Market Report Find every home listed, sold, or put under contract in the following localities with these links here: Sea Isle- New Listings and Price Changes (4), Sold (3), New Pending (2) Stone Harbor and Avalon- New Listings and Price Changes...

The Burke & Co. RE Report- June 5-11, 2022

Egg Prices Rose 30% This Year!!! So What About Real Estate? We heard egg prices were up 30% from this time last year. John Burke misspeaks in the video and says that rise was over the last month, but nonetheless we thought it a great opportunity to examine the issue...
The Burke & Co. RE Report- May 29-June 4, 2022

The Burke & Co. RE Report- May 29-June 4, 2022

Just The Listings This Week As always, find everything listed, sold, or put under contract in Sea Isle, Avalon and Stone Harbor, Ocean City, The Wildwoods, and Upper Township including Strathmere last week with the links below. To discuss anything real estate related...
The Burke & Co. RE Report- May 22-28, 2022

The Burke & Co. RE Report- May 22-28, 2022

Confessions of a Realtor Obsession- 2401 Landis Ave. S. This week John Burke confesses that he is singularly obsessed with finding a great buyer for the great home that Burke & Co. has listed on the beachfront at 2401 Landis Ave. S. in Sea Isle City. As always,...

The Burke & Co. RE Report- May 15-21, 2022

Weebles Wobbble… But They Don’t Fall Down? There’s a definite trend line of homes going under contract at a slower pace here at the shore. But that might not mean it’s a good time for buyers to wait. As always, find everything listed, sold, or...