The Pump House Inn, a Pocono landmark since 1906 has been renovated and is ready for a visionary owner to make this a super property as a Short-Term Rental or turn it into a unique hospitality or event venue. With 16 bedrooms, 11 full baths spread over 3 buildings totaling 11,500 finished, above ground square feet on 3.6 acres, the possibilities are endless. The property is located near the storied...
Real Estate
Here some insight on the vacation home rental market and investment outlook for short-term rental properties in the Poconos for 2024. Overall Poconos home sales are down, home sale prices seem stable, total rental income is down slightly, and rental stays (nights booked) are holding steady. When it comes to homes for sale, we are seeing a bifurcated market with some homes selling in 5 days, and others...
I get a lot of inquiries from people who have heard about the Poconos, but who have never been here. They understand that Poconos has a reputation as a vacation area, but are unsure of the draws, so here’s my spin. The Pocono Mountain region is famous as a vacation getaway with its natural scenic beauty, lakes rivers and activities. It can be peaceful, romantic or exhilarating. The...
Here’s my insight on the vacation home investment market in the Poconos, for early 2023. Inventory is tight, prices are creeping higher and there are more Airbnb listings in the Poconos than ever before. That said, the tourism industry in the Poconos is thriving, visitors keep coming in record numbers and the future looks bring, especially for those operating high-end properties. The regulatory...
An Insider’s look at investing in vacation homes in the Lake Harmony Area The Lake Harmony area has long been a popular Pocono vacation spot and for those who rent their properties, business over the past few years has been very good. The Lake Harmony area benefits from two nice lakes, two ski resorts, two golf courses, some nice restaurants, and a beautiful setting year-round. The Lake Harmony area is...
I spend a lot of time with customers who have big visions of success in the short-term rental business and they often ask me questions about a property’s ability to generate profit. Many have use data tools like PriceLabs or AirDNA to help them understand the market and the opportunities that currently exist there. They tell me they’ve run the numbers and then ask me what I think. My...
The end of the third quarter is a time of significant transition in the vacation home market in the Poconos. The busy summer vacation season has wrapped up, and for some it is time to look at their position and perhaps make some changes. As a realtor focused on helping buyers find vacation homes they can also use as a STR, I keep an eye on the market and help identify trends that can help...
As a realtor, focused on helping buyers find vacation homes they can also use as STR, I keep an eye on the market and help identify trends that can help my clients. As one measure of the health of the market for vacation homes in the Poconos, I tag communities as STR-friendly (indicated with a green light) and keep a tally of available homes in these communities. At the end of July 2021, there were just...
The Poconos have been a popular vacation destination for generations. Vacation communities continue to be built for second homes and investment properties and the practice of renting them for short periods is as old as the manmade lakes which were built around. The rental business has surged in recent years with the rise of booking platforms like VRBO and Airbnb which have put additional...
As we enter 2023, the real estate market in the Poconos remains vibrant and there is some good news for buyers. Inventory is twice the level it was a year ago, prices seem to have stabilized (plateaued?), and sellers are becoming a lot easier to work with. In my opinion, we are still in a seller’s market, but we are slowly seeing some balance. New properties continue to trickle onto the market,...