Category Archives: Shore Real Estate

They will return … to higher prices?

From Bloomberg: Jersey Shore’s Lure to Homebuyers Seen Surviving Hurricane Sandy Danea Kelly made her first shopping trip for a New Jersey shore vacation home on the Saturday before Hurricane Sandy made landfall. It won’t be her last. While Kelly, … Continue reading

Posted in Economics, Housing Recovery, Shore Real Estate | 139 Comments

Living at the shore to get even more expensive

From the APP: Costly aftermath? Another battering for homeowners New Jersey is not Florida North quite yet. But the widespread wreckage left by Sandy, the nor’easter-tropical storm hybrid that mercilessly barreled into the East Coast last week, brings to mind … Continue reading

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 161 Comments

Sunny at the Shore?

From the APP: Bidding wars, rebounding prices signal the Jersey Shore real estate market is coming back Shortly after it came on the market, Michelle M. Johnson and her husband rushed to put in a bid on an old, three-bedroom … Continue reading

Posted in Housing Recovery, Shore Real Estate | 117 Comments

The water is nice, but don’t turn your back on the waves

From the NYT: Partly Sunny at the Shore JOEL NAROFF, an economist who last year won a prize from the National Association for Business Economics as the country’s most accurate forecaster, found his prediction skills wanting four years ago when … Continue reading

Posted in Economics, Housing Recovery, Shore Real Estate | 29 Comments

No big price drops at the shore?

From the Philly Inquirer: At the Shore, many homes retained value after a wild ride If you have the money – and that means cash – you can buy your dream house at the Jersey Shore. If you don’t, as … Continue reading

Posted in Shore Real Estate, South Jersey Real Estate | 118 Comments

Take Three! (or is it Four?)

From the Asbury Park Press: Developer buys Asbury beachfront site Asbury Partners, the city’s waterfront developer, has bought the unfinished Esperanza high-rise site from Capital One Bank, which had foreclosed on the project, a company official said Friday. The beachfront … Continue reading

Posted in Housing Recovery, Shore Real Estate | 96 Comments

Don, that is some expensive water.

From ABC 6 News: Jersey Shore home prices down, big bargains for buyers Home prices continue to fall across the U.S. Sellers are taking a hit, but for buyers there are big bargains. It is not as bleak as some … Continue reading

Posted in Housing Bubble, Shore Real Estate | 173 Comments

New Record or Super Lowball?

From the Asbury Park Press: Rumson mansion sells for $12 million A spectacular grand estate on the Navesink River in Rumson built by Pete and Judi Dawkins sold for $12 million on Friday, a figure less than half the initial … Continue reading

Posted in Economics, Shore Real Estate | 117 Comments

Stay off my beach!

From the WSJ: Another Fight on Jersey Shore The quest for easy access at the Jersey Shore could be a thing of the past. State regulators have proposed allowing every town to decide where—if anywhere—to provide parking, bathrooms and other … Continue reading

Posted in Shore Real Estate | 128 Comments

Jersey Shore Triptych

From Fox Philly: Summer Shore Rentals On The Rise As Memorial Day weekend, the unofficial start of the summer season, approaches, most people have their eyes on a Jersey Shore vacation, and some are saying vacation rentals are on the … Continue reading

Posted in Economics, Shore Real Estate | 141 Comments

Realism in style at the shore this year?

From the NY Times: In Jersey Shore Subset, Top-Heavy With Pricey Homes WHEN a newly built house beside the beach in Sea Girt went into contract for $3.6 million last month, it was sort of a good news-bad news occurrence, … Continue reading

Posted in Economics, Shore Real Estate | 22 Comments

Permanent shore residents cash out and leave

From the Philly Inquirer: Housing boom a bust for Shore populations It was 2004 when Lorraine McCarthy, a full-time resident of this Cape May County resort, sold her duplex a block from the boardwalk and decamped to the mainland. “The … Continue reading

Posted in Economics, Shore Real Estate | 63 Comments

Cocky sellers drop prices at the shore

From the NY Times: A Low Tide for Home Sales in the Shoreline Market FOR the shoreline real estate market, by unvarying tradition, spring arrives early. Sometime in mid-January, in all four coastal counties — Monmouth, Ocean, Atlantic and Cape … Continue reading

Posted in Employment, Housing Bubble, Shore Real Estate | 275 Comments

No bottom for the shore

From the Philly Inquirer: Shore home prices still falling ome prices at the Jersey Shore continue to search for a bottom, almost four years after the U.S. housing market took a downward turn. An analysis of second-quarter 2010 sale prices … Continue reading

Posted in Shore Real Estate | 63 Comments

“It hasn’t been able to sell because of the market” … price

From the Courier Post: Tough real estate market for the rich, too There is a house for sale in Brick that overlooks a cove adjacent to Barnegat Bay. It has five bedrooms, 6 1/2 baths and an oversized kitchen with … Continue reading

Posted in Economics, Housing Bubble, Shore Real Estate | 106 Comments