For third year in a row, the number of residential sales on Long Beach Island, Stafford Township and Barnegat have increased. This is according to the Jersey Shore Multiple Listing Service sales statistics measuring from January 1 to May 23 (the date this blog was written) of each of the last four years. But the 371 residentials sales for this Spring pale in comparison to the 635 sales for the same period in the peak year of 2004. No more stats - I promise!
What does all of this mean? There are two basic lessons in the numbers that I have intentionally left out in an effort not to cloud the real message.
If you haven't checked into purchasing a home, do it now. Talk to a mortgage representative first. You won't believe how low the interest rates are. Once again, no more numbers here.
Then go to vandykrealestate.com to preview homes for sale through the local MLS. Just wait 'til you see how attractive the prices are. The message to buyers is that it cost less to buy a home today than in any time during this century! You have nothing to lose and lots to gain. Besides it's fun to check out homes on the internet.
The second lesson is for those of us who already own a home. If you don't have to sell, DON'T. In my not-so-humble opinion, homes in our area are selling for less than their true value. Based on many mainland home sales, the prices are so low that there is no room left for the value of the land when one computes the cost of building the structure even after taking into account any depreciation of the bujilding. This indicates that the market has over-compensated on the low side. So as the old Joe Tex song from the sixties goes, you should Hold on to What You Got in order to wn in this market.
Author:Jeffrey Gamble Phone: 609-709-4639 Dated: May 23rd 2012 Views: 8,018 About Jeffrey: ...
Chat with us now!
A real live chat operator is online now! We can immediately get your questions answered or make sure we get it to an agent who can.
View our latest blog posts in your RSS reader. Click here to access.
3 Convenient Locations to help you with Southern Ocean County Real Estate and more! Since 1946 the Van Dyk Group has guided over 20,000 families, individuals and commercial businesses in fulfilling their real estate needs. Nowhere else will you find a more experienced team of Realtors!
Van Dyk Realtors maintain the area's largest market share of properties sold. The Van Dyk Group is a full service company and offers a number of services from relocation information and mortgage programs to insurance and financial services that will enable your buying or selling decision to be an enjoyable one.
September 5, 6, 7 Friday 11 AM to 9 PM Saturday 10 AM to 9 PM Sunday 1
"Just a note to close the loop on your recommendation to use Nathan Colmer for LBI real estate. We just settled on a house in Harvey Cedars and could not be happier. Throughout the entire process Nathan was the consummate professional. We found him to be engaging, knowledgeable and very responsive. Nathan was there every step of the way, was happy to answer all of our questions and he even went out of his way to make a final inspection of the property that we needed to complete closing. Simply stated, he is the best real estate agent we have had the pleasure of working with over the years, and that includes six prior transactions"