Category Archives: Shore Real Estate

Don, that is some expensive water.

Posted on June 13, 2011 by grim

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?

Posted on June 6, 2011 by grim

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 | 119 Comments

Stay off my beach!

Posted on May 28, 2011 by grim

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

Posted on May 23, 2011 by grim

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?

Posted on May 8, 2011 by grim

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 | 24 Comments

Permanent shore residents cash out and leave

Posted on March 6, 2011 by grim

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 | 64 Comments

Cocky sellers drop prices at the shore

Posted on February 25, 2011 by grim

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 | 282 Comments

No bottom for the shore

Posted on October 3, 2010 by grim

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

Posted on September 13, 2010 by grim

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

“The problem is that every house on their block is for sale, too.”

Posted on August 30, 2010 by grim

From the NY Post (Hat tip Dan): Town is down on its luxe In this economy, it’s not uncommon for whole neighborhoods to be on the market. But Rumson, NJ, a leafy bedroom community of 7,200 residents, nonetheless stands out: … Continue reading →

Posted in Economics, Housing Bubble, Shore Real Estate | 48 Comments

Las Vegas East? When is the razing scheduled for, Governor?

Posted on July 22, 2010 by grim

From the Star Ledger: Gov. Christie pledges to turn Atlantic City casino district into ‘Las Vegas East’ With more flair than a traveling road act, Gov. Chris Christie stood on the 50-yard line of the New Meadowlands Stadium today and … Continue reading →

Posted in New Development, Politics, Shore Real Estate | 121 Comments

Open Wallets? Arms Outstretched.

Posted on May 24, 2010 by grim

From the Asbury Park Press: Seaside sees good times when MTV show returns Filming of the MTV reality series “Jersey Shore” doesn’t begin here until July, but local business leaders Monday night rolled out the red carpet for the next … Continue reading →

Posted in Economics, Shore Real Estate | 183 Comments

Bargains at the shore?

Posted on May 3, 2010 by grim

From the APP: Shore’s summer rental market remains unsteady Jim Fuhse has rented property in Manasquan to summertime tourists since the early 1990s, through recessions and expansions, through sun and rain, so he can attest: This season is just, plain … Continue reading →

Posted in Economics, Shore Real Estate | 275 Comments

Shore homes hit by foreclosures

Posted on May 11, 2009 by grim

From the Press of Atlantic City: Data show many shore foreclosures on second homes Southern New Jersey hasn’t been spared from the wave of foreclosures in the U.S. But the character of foreclosures might be a little different here compared … Continue reading →

Posted in Economics, Housing Bubble, Shore Real Estate | 242 Comments

Changed your vacation plans yet?

Posted on March 2, 2009 by grim

From the AP: Troubled times could be boon for Shore tourism Surging gasoline prices forced many New Jerseyans to rethink their vacation plans last summer, and stay closer to home. This year, a tank of gas is far cheaper. But … Continue reading →

Posted in Shore Real Estate | 403 Comments