: THE JERSEY SHORE HOUSING MARKET...IT'S TOO EARLY SAY!

THE JERSEY SHORE HOUSING MARKET...IT'S TOO EARLY SAY!

THE JERSEY SHORE HOUSING MARKET...IT'S TOO EARLY TO SAY!

A recent blog by the The Murphy-Lee Team located in Forked River and Manahawkin stated that super-storm Sandy rendered no appreciative price changes in the homes for sale at the Jersey Shore.

My take on it...it's too early to tell.

I would and did tell my investors to jump now, fix the home (if necessary) and rent.  Rental are in high demand.This Barnegat Home is No Longer For Sale

But there's a drop in Jersey Shore homes available for sale.  Just in Barnegat, Manahawkin, Little Egg Harbor and Tuckerton homes for sale dropped by 107 from October 28th, they have been withdrawn from the homes for sale market at the Jersey Shore.  

That number from the same period last year was 75 homes. 

How will that affect home buyers in January (when they get off the computer and really start looking).

Don't forget, some people are only able to see their homes this week!  (Holgate on Long Beach Island was only opened today.)  How are they to know whether they'll be buying and/or selling?

Homes built on land might not be goodAdd to that the FEMA remapping, which the Press has been all over.  It's hard to tell where the Jersey Shore Housing Market will land when we're facing down Janurary and the start of our 'season'.

And on top of that, perhaps most important, what's going to be required for a homes rebuild???

If you read through this expecting me to say BUY, BUY...SELL, SELL, you'rel disappointed.

This Little Egg Harbor REALTOR THINKS IT'S TOO EARLY TO TELL WHERE THE JERSEY SHORE HOUSING MARKET IS GOING!

I will say inland southern Ocean County is strong and helping their waterfront neighbors however they can...please do the same.

If you'd like information on specific towns and neighborhoods contact Laura Giannotta, southern Ocean County Realtor at 609-384-6121.

 
 
 
  

     
Comment balloon 5 commentsLaura Giannotta • November 27 2012 12:09PM

Comments

Hi Laura..sounds like great advice...Hope that everything settles down in a positve manner for your State...

Posted by Ronald DiLalla, No. Orange Cty Real Estate (Century 21 Discovery DRE 01813824) almost 6 years ago

Take care when the state gets involves!  Our FEMA mapping plan was not to be for several years!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 6 years ago

It may take a short while to see if the storm has any real effect on the market there.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 6 years ago

good advice Laura...for sure, all the "dust" has not settled yet !  better to take a wait 'n see attitude...

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) almost 6 years ago

Laura--finally got this computer up and actually working; Have thought of you and yours since the storms in your area. We prayed for all of you during this bad experience. We will continue to do so.
Take special care of yourself, family and all your many "jobs" incolved with the aftermath.

Though no longer in the Real Estate buainess- I am so happy that I can still [finally] come across and read about some special people--you are definitely "one of the top runners".

Barb

 

Posted by Barb & Sal Dragotta, Macomb County Michigan almost 6 years ago

Participate