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This Weeks News 6/27/2019
The D.H. Ingraham wreck at Stone Harbor Point has been uncovered again
over the past few weeks. The photo above, courtesy of Noelle Guest, is from
December, 2018, when the wreck first reappeared after many decades beneath
the sand.
THE SHIPWRECK at Stone Harbor Point is visible once again,
as tides and winds have moved the sand that covered it. The wreck is
suspected to be that of the D.H. Ingraham, a wooden cargo ship that was
bound for Virginia when it ran aground in Hereford Inlet the night of
December 4, 1886, during a nor'easter. All five members of the D.H. Ingraham
crew were saved by the crew of the Anglesea Lifesaving Station, who rowed a
lifeboat a mile into the wind, waves, and snow to the wreck site. The D.H.
Ingraham crew was transported by the lifeboat crew back to Anglesea, where
they spent several days. Sand has covered the wreck for years, but it was
recently rediscovered this past December, before disappearing beneath the
sand again in January.
OFFSHORE WIND POWER is one step closer to becoming reality
after the NJ Board of Public Utilities selected the Danish firm Ørsted to
construct an 1,100 megawatt wind farm 15 miles off Atlantic City.
Construction of the $1.6 billion project could begin in 2020, and will be
subsidized by an increase of $1.46 per month on residential electric bills,
with commercial and industrial customers paying more. Ørsted may connect to
the power grid at the recently-closed BL England plant in Upper Township.
More Details: The Press of Atlantic City - NJ Picks Developer For Wind Farm
Off Atlantic City
SUMMER FISHING is off to a strong start with good catches
of summer flounder reported. Weakfish and kingfish are also being caught
locally, while offshore tuna fishing has been red hot in the canyons for a
few weeks. Need advice on where (or how) to catch 'em? In Avalon check out
Moran's Dockside (14th & the bay) or Avalon Hodge Podge (24th & Ocean
Drive). In Stone Harbor visit Smuggler's Cove (83rd & the bay). All three
locations offer bait & tackle, and they'll share their expert local
knowledge.
CATCH SOME GREAT MUSIC! Three free concerts are scheduled
for the next several days, and are sure to include patriotic favorites
leading up to Independence Day! The US Air Force Band will perform at Cape
May Convention Hall on Monday, July 1st at 7pm; the 63rd Army Band performs
at Surfside Park in Avalon on Tuesday, July 2nd at 7pm; the Bay Atlantic
Symphony will perform at Avalon Community Hall on Thursday, July 4th at
7pm.
56 PROPERTIES ARE UNDER CONTRACT...and 56 families are
looking forward to owning a new shore property! Imagine the anticipation and
excitement of knowing that you'll be enjoying your very own place at the
shore...and making memories to last a lifetime! Have questions on how to
make it a reality? From rental income to mortgage financing to the best buys
available...let's discuss YOUR situation and make YOUR dream come true!
This Weeks News 6/20/2019
These pictures of the Nautilus Apartments were sent to us by Long &
Foster friend Phil Bolbach. Phil says the 8-unit Nautilus stood on the beach
at 89th Street in Stone Harbor, and he has fond memories of staying there.
Phil said ,"I loved when we rented there as it was so neat as a young boy to
fall asleep listening to the high tide underneath splashing against the
pilings." Alas, the "Storm of '62" nor'easter claimed the Nautilus, but not
Phil's memories of his family's time there! Thanks, Phil!
MARKET STATS: The number of sales and the median sale price
were both higher during the month of May compared to a year ago, while the
number of active listings and the average "days on market" both declined.
Strong demand and low interest rates continue to be major factors
influencing the market. For a detailed look at the market see the latest
Long & Foster Market Minute report below.
View The
Latest Long & Foster Market Minute Report | Download/Print
PDF
THE GRAND OPENING OF SURFSIDE PARK takes place this weekend
in Avalon, as "Jimmy and the Parrots" perform a free concert at 6pm
Saturday. A great line up of events is scheduled for Surfside Park all
summer long.
CAPE MAY COUNTY TOURISM totaled $6.6 billion in 2018, a
$244 million increase over 2017. According to the 2018 Cape May County
visitor profile, 8% of visitors were day trippers, 36% stayed 2-4 nights,
and 38% stayed a week or more. The largest feeder markets are Pennsylvania
(28%), New Jersey (27%), and New York (19%). Cape May County visitors have
an 85% return rate!
REMEMBER THE OLD VICTORIAN HOME in Avalon that was
carefully disassembled and moved to a storage location off the island? This
week it was reassembled at its new location on Texas Avenue in Cape May.
Adrienne Scharnikow used to vacation with her family at the home many years
ago in Avalon, and later purchased the structure for $1 to prevent it from
being demolished. The house was stored offshore for months while Scharnikow
searched for a lot on which to rebuild; earlier this year the house was
moved to the lot in Cape May, and a new foundation was built to accommodate
the structure.
PLAN AHEAD FOR JULY 4TH WEEKEND! An entire weekend's worth
of events is planned, including fireworks displays on the 4th in both Avalon
and Stone Harbor! More details to follow!
MAKE YOUR SUMMER BUCKET LIST! Summer officially begins this
week, and it's time to make your "gotta do it" list! Whether it's taking a
sunrise walk on the beach or teaching your grandchild to fish, make your
Summer Bucket List, then set aside the time to make it happen!
This Weeks News 6/13/2019
The observation deck at Stone Harbor Point offers an elevated view in
all directions. Looking in a southerly direction the dunes and access trail
are visible, with the ocean in the background to the left, and the whitecaps
in Hereford Inlet to the right. From birds to boats to waves to weather,
there is always something to watch!
TURTLE TIME AGAIN! It's peak time for diamondback terrapin
egg laying--which means you may see turtles crossing local roads. Keep an
eye open and give 'em a brake! If you're inclined to help a turtle cross the
road, move it in the same direction it was travelling--but please take care
to ensure your own safety while doing so.
MORTGAGE RATES increased a bit from their extreme lows of a
few years ago, but have recently fallen slightly, making them very
attractive compared to historical rates. According to the chart below from
Mike Mento of Prosperity Mortgage, the average 30-year fixed rate was 3.99%
at the end of May--and a great opportunity to lock in a low mortgage rate
for the duration of your property ownership. Mortgage question? Call Mike
at 609-839-1203! Ready to buy? Call me!
The red line above represents today's average 30-year fixed mortgage
rate, at 3.99%--very attractive compared to historical rates!
THE WETLANDS INSTITUTE turns 50 this year, and will
celebrate its anniversary Saturday and Sunday, June 22nd & 23rd. Doors will
be open all weekend, with free admission. Explore the wetlands with guided
walks, visit the touch tanks and watch live demonstrations, and enjoy
waterside music and food trucks. For an additional fee boat, kayak, and
paddleboard tours will be available. Visit
The Wetlands
Institute for more information.
ANOTHER BOAT OWNERSHIP OPTION that includes unlimited usage
is the Carefree Boat Club, with a location right in Avalon. For a one time
activation fee and an ongoing monthly fee, members can reserve time aboard
one of six boats offered by the club, and go boating as frequently as they
like, paying only for fuel used. The Club maintains and stores the vessels,
and carries insurance. The staff will even instruct members on operation,
and assist loading and unloading the vessel at the dock. Check them out at
Carefree Boat Club of Avalon.
THIS WEEKEND brings a variety of great activities to the
area, and it's a perfect time to try something fun without a crowd! Check
out a few of these unique activities below:
This Weeks News 6/6/2019
Summer's here...and the beach is waiting for you!
THE TOWNSEND'S INLET BRIDGE may open on or before July 30th
according to an update from Cape May County Engineer Robert Church. Church
cautioned, however, that a lot of additional construction elements need to
be completed in order for that to happen. The bridge has been undergoing
repairs since closing last September, and was originally slated to be open
to traffic by Memorial Day. Residents, visitors, and business owners on both
sides of the bridge are anxious to see it reopen.
THE REEDS AT SHELTER HAVEN was cited as the best hotel in
New Jersey by Conde Nast Traveler. Among the amenities listed by Conde Nast
are upscale dining, a rooftop plunge pool, and the new Salt Spa across the
street.
PLASTIC BAG BANS went into effect in Avalon and Stone
Harbor this past weekend, as part of an effort to reduce waste and plastic
pollution in the ocean. Single use plastic bags, plastic straws, and
Styrofoam containers are prohibited in both towns. Stone Harbor also
prohibits plastic cutlery and containers.
SAILBOAT RESCUE: A two minute squall capsized a sailboat 65
miles off the coast of Atlantic City. After three hours in the water, the
boat's owners were rescued by the Coast Guard and flown to Atlantic City for
evaluation. According to an Atlantic City Press article the boat's 54-year
old owner built the vessel and had spent years sailing it. The couple was en
route from the Bahamas to New York City when the capsize occurred.
Press of Atlantic City: Couple Rescued From Boat Capsized Off A.C.
SEVEN MILE RESTAURANT WEEK runs through this weekend. Check
out participating restaurants and their menus here:
Seven Mile
Restaurant Week. Sea Isle Restaurant Week also runs through Sunday;
check out the participants here:
Sea Isle Restaurant Week.
TRAINS AND FIRETRUCKS will be on display in nearby Tuckahoe
on Saturday, June 15th from 10am to 4pm for the Tuckahoe Transportation
Heritage Festival. Cape May Seashore Lines will offer rides on vintage
railroad equipment, some of which used to carry passengers to and from Cape
May County on a daily basis. Admission to the event will be $10 for adults
and $5 for children; first class train fare will be available at an
additional charge.
ONLY 27% OF AVALON PROPERTIES and 29% of Stone Harbor
properties are owned by New Jersey residents according to a recent NJ.com
article. In-state ownership varies widely from shore town to shore town,
with Cape May County towns having some of the lowest figures in the state.
NJ.com: People From Other States Own More Than A Third Of The Jersey Shore
WHY NOT BECOME A SHORE PROPERTY OWNER YOURSELF? Whether you
need a small condo or a mansion by the sea, let me help you find the perfect
place! Call me today to get started!