BELMAR, N.J. (CBSNewYork) – Despite the damage from superstorm Sandy, there is optimism in at least one Jersey Shore community that the summer rental season will remain strong.
WCBS 880’s Peter Haskell On The Story
There was significant flooding in Belmar, but realtor Paulette Young says it was mostly in areas with few summer rentals.
“The streets that these kids want to be on – sand. That was about it,” she said.
That’s why she insists that inventory is pretty much the same and she’s been busy, having already made about 30 deals.
“These kids are making appointments to come down and look and if they’re savvy enough, they’re bringing their checkbooks with them to secure the house so they don’t lose it,” she told WCBS 880’s Peter Haskell.
Rents are averaging $20,000 to $25,000 for the summer.
“Same prices. No decrease and no increase,” she said.
Borough officials claim the boardwalk will be rebuilt by May 1.