V2 Properties Newsletter Volume 13, Issue 11

November 2023
Exponential Insights

Properties At A Glance

  • 7
    Currently Under Contract
  • 19
    Awaiting Building Permits
  • 3
    Sold In Last 30 days
  • 0
    Scheduled To Sell In Next 30 days

As the vibrant hues of autumn set in, we're excited to bring you the latest updates on the fall real estate market.

New Jersey The Jersey Shore "typically" has two major selling seasons, Spring and Fall. We experienced a fruitful Fall, closing 10 properties in September and October. While the market adjusts from the summer surge, it remains robust with a diverse inventory of properties. The demand for homes with ocean views, proximity to amenities, and modern conveniences remains high, creating exciting opportunities. We are ready to trudge through the winter doldrums with 5 properties under contract and pushing for more.

Philadelphia We have been facing challenges in selling the final properties we have in Philadelphia. Despite our best efforts and strategic marketing initiatives, the current real estate market conditions have proven to be more challenging than anticipated. Factors such as economic uncertainties and fluctuating interest rates have contributed to a slower-than-expected pace in property sales. We have entrusted "The Mike McCann Team" who has been consistently ranked the number one real estate team in Philadelphia for over 30 years. We are confident we have these listings in the right hands.

We are pushing our realtors to pound the pavements to lease up our rental buildings. I have attached an article in our press items. This article details the top five amenities Philadelphia-area renters are looking for as, in-unit washers and dryers, air-conditioning, high-speed internet access, soundproof walls, and a dishwasher. Happy to report our units include all of these amenities. We are hoping to get these buildings leased up asap.

Announcement It was a tough decision but due to the decline in participation we will not be hosting our annual holiday party. Be on the lookout for a token of appreciate to be sent out closer to the holiday season. Finally, As we gather around the table of gratitude, I want to extend my warmest wishes to each and every one of you this Thanksgiving. May your hearts be filled with joy, your homes be filled with laughter, and your tables be abundant with the blessings of the season.

Thank you for reading Exponential Insights

Vince Viney Founder & President

Press links

Featured project: 432 N. Thurlow Avenue

Neighborhood

Margate City

Listing Price

$2,775,000

Features

  • Laundry room
  • Single Family
  • Kitchen undercabinet lighting
  • Kitchen island
  • Tiled kitchen backsplash
  • Parking off-street with attached garage
  • Den Area
  • Beds
  • Double vanity in master bath room
  • Bath tub
  • Baths
  • Elevator
  • Ceiling fans in all bedrooms

Description

HUGE 66x80 FOOT LOT! UPGRADED NEW CONSTRUCTION!! Highly Sought After...PARKWAY LOCATION ~ BAY VIEWS ~ GUNITE POOL ~ CABANA ~ 4 STOP ELEVATOR! 6 Bedrooms(5 Ensuite) and 5.5 Baths, Home Office/Gym, 2 Foyers, Open Floor Plan Entertainer's Design Boasts Huge Gourmet Kitchen with Chef's Pantry, Sub Zero Refrigerator and Wolf Range/Stove, and Quartz Counters! Exterior Facade Features Hurricane Windows and Doors, Board and Batton Azek Detail, James Hardie Plank, Metal Roofs, Mahogany Ceilings, Brick Accents and, Wrap Around Decks with VIEWS On Every Level! Back Yard Features a Gunite Pool with Travertine Pool Deck, Large Lounging Area and Large Side Yard for BBQing or Having Fun. The Cabana Room is Perfect to Escape, Relax, Entertain, Game, or Facilitate for All Your Outdoor Needs! Interior Features Trending Tiled Bathrooms, Two HVAC Systems, Two Tankless Water Heaters, Two Laundry Rooms, Flexible Space to Accommodate Your Growing Family! Property is Complete with Two Car Garage-4 Car Off Street Parking plus Storage. Walking Distance to Beach, Amherst Ave Restaurants and Nightlife. Private/Elite Location, No Cut Through Access. With Expansive Views from Margate Bridge to the Thurlow Ave Canal, This Beach Home is the Ultimate Seaside Escape!

Where Are Our Projects

0
In the Pipeline
1
Phase 1 - Foundation & Framing
2
Phase 2 - Mechanicals & Insulation
3
Phase 3 - Final Finishes
4
On the Market
4
Under Contract

Phase 1

Phase 2

Phase 3

Under Contract

On The Market

In The Pipeline
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