Fox News anchor Jesse Waters and his wife Emma have put their beach house on the market for $1.85 million.
The four-bedroom, two-and-a-half-bath home is 2,044 square feet and overlooks the Atlantic Ocean, according to the listing.
Property records show Waters bought the home in April 2021 for $1.1 million.
Watts is the host of Jesse Waters Premium, host of The Five and author of How I Saved the World. And he's no stranger to Beach Haven. In 2019, he proposed to Emma at the 5th Street Pavilion.
The decision to sell Waters will be the second test for the Jersey Shore housing market. This part of the housing market exploded during the pandemic as people fled the cities in search of safety, taking advantage of low mortgage rates and telecommuting policies.
With mortgage rates rising again, Ocean County's housing market is generally showing signs of moderation. The median price of homes sold in November was $519,000, according to the New Jersey Association of Realtors, a trade group.
That's still up 13.1% from the same month last year, but the rate remains below the 20% annual increase seen throughout most of the epidemic.
According to statistics from a group of realtors, there are other signs of a slowdown in the housing market. for example.
-
Ocean County sellers achieved a 99.6 percent sales rate in October, the first time since February 2021 that number has fallen below 100 percent.
-
Ocean County homes spent 40 days on the market before selling in November, up 17.6 percent from the same month last year.
-
Ocean County had 1,783 homes for sale in November, up 19.4 percent from the same month last year.
Despite rising interest rates, the housing market remains stronger than it was before the pandemic. For example, in November 2019, sellers in Ocean County received 97.4% of the sales price. The house spends 76 days on the market; And 3,539 houses are for sale, the data show.
In addition, the second home market is booming because many buyers are paying cash and are not affected by rising interest rates.
In a recent comment, Waters said he lives on Manhattan's Upper East Side. The sale price of her Beach Haven home has dropped $150,000 since it went on the market in early October.
But real estate agents say the second-home market is struggling because of a lack of inventory.
Tina L., managing broker, and Diane Turton of Realtors' Lavallette office. “Now it's really a matter of supply and demand. Anything in the second house area is sure to generate activity and deals.”
Michael L. Diamond has been a business reporter covering New Jersey's economy and health care industry for more than 20 years. He can be reached at [email protected].
This article originally appeared in the Asbury Park Press; Fox News' Jesse Waters lists Beach Haven, New Jersey for $1.8 million.