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ANNUAL MEETING AUGUST 9, 2014
TOPICS FOR CONVERSATION
- The region: Where are we going?
- The County: Changes and
Opportunities
- Avalon: Homes, Businesses and
ANNUAL MEETING AUGUST 9, 2014 RICHARD C. PERNICIARO, PH.D. - - PowerPoint PPT Presentation
ANNUAL MEETING AUGUST 9, 2014 RICHARD C. PERNICIARO, PH.D. - - PowerPoint PPT Presentation
ANNUAL MEETING AUGUST 9, 2014 RICHARD C. PERNICIARO, PH.D. DIRECTOR ANNUAL MEETING AUGUST 9, 2014 TOPICS FOR CONVERSATION The region: Where are we going? The County: Changes and Opportunities Avalon: Homes, Businesses and
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ANNUAL MEETING AUGUST 9, 2014
The Region: Where are We Going?
- Casino Roulette: 2? 3? More?
- Loss of jobs and income/spending
- Still the beach…..strong demand
- Lack of a new “basic” industry: OPM
- What about the Millennials?
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ANNUAL MEETING AUGUST 9, 2014
The Region: Where are We Going?
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ANNUAL MEETING AUGUST 9, 2014
The County: Changes and Opportunities
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ANNUAL MEETING AUGUST 9, 2014
The County: Changes and Opportunities
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ANNUAL MEETING AUGUST 9, 2014
The County: Changes and Opportunities
- Older, lack of growth, fairly wealthy, seasonal
- Growth industries: healthcare, hospitality
- New industries: breweries, vineyards (+)
- Possible industries: wind power, UAS (drones),
retirement
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ANNUAL MEETING AUGUST 9, 2014
Avalon: Homes, Businesses and Trends Some Facts
- Year-Round Housing: 20 % Avalon; 44%
County
- Rented Units: 8%; 26%
- Education, BA+: 35%; 18%
- Median Age: 61; 47
- Diversity: Very, very little; very little
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ANNUAL MEETING AUGUST 9, 2014
Avalon: Homes, Businesses and Trends
- BIGGERT-WATERS REFORM ACT
- The Great Recession
Average Sale: 2006 - $1.7m 2011 - $1.2m 2013 - $1.1m
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ANNUAL MEETING AUGUST 9, 2014