About Ocean County, NJ

This Month in Real Estate Ocean County NJ, February 2012

03-13-12

Karl Hess, on The Jersey Shore: Real Estate Agent in Toms River, NJ

view my blog
Office: (732) 942-5280 x133

Mobile: (609) 553-7926
Secondary: (732) 942-5280

This Month in Real Estate is a monthly video news series, provided by Keller Williams Realty, that offers an inside look at the national real estate market. Each edition provides a snapshot of the numbers and trends that drive the real estate market, as well as expert opinion and analysis. For information on your local real estate conditions, in your neighborhood, please contact Karl Hess or go to www.homevaluesinoceancountynj.com.

As of today, there are 4089 single family homes for sale in Ocean County. The median list price for those homes is $324,900. The average days on market is 151 days.

There were 849 new listings for homes in Ocean County for the month of February with a median asking price of $325,000. 199 homes sold in Ocean County in January with a median sold price of $243,000 which results in a sales price vs listing price ratio of 93%. The average days on market for sold homes is 128. In January, 240 listings expired or were withdrawn.

In comparison to February 2011: There were 848 new home listing with a median asking price of 314,500. 208 homes were sold and the median sold price was $263,500 and the average days on market for sold homes was 134 days. In February 2011, 365 listings expired or were withdrawn.

Bottom line for home sales in Ocean County for February 2011 in comparison to February 2012:

New listings remained about equal
Average listing price dropped by $11,500.
Average sales price dropped by almost $20,000.
Average days on market decreased by 6 days.
Many more listings over 100, expired in February 2011 than in February 2012.

Ocean County Homes Sold Terms/Market Statistics for Feb 2012:

--Information deemed reliable but not guaranteed-- Prepared by Karl Hess of Keller Williams Realty Monmouth/Ocean on Tuesday, March 13, 2012.

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|Remax | Coldwell Banker | Weichert | Century 21 | Crossroads | Keller Williams | Sothebys | Homes For Sale | First Time Home Buyer |

03-12-12

Anthony Barone

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Office: (732) 914-0074 x302

Secondary: (732) 674-1590

First Time Home Buyer Program Information

First Time Home Buyer $10,000 Grant For Ocean County NJ

O.C.E.A.N., Inc. is the administrator for the Ocean County Consortium’s First Time Homebuyer program. The program brings together County government agencies with many area lenders including O.C.E.A.N., Inc. in a cooperative effort to increase the opportunity for homeownership among the county’s low to moderate income households.

Interested individuals and families can contact me at (732-674-1590). The program utilizes HUD income guidelines to determine eligibility. All eligible applicants must attend a free introductory seminar that covers the basics of home buying and homeownership including topics such as determining how much you can afford, the importance of your credit report, the mortgage application process, and a review of homeownership responsibilities.

Those who do not qualify for the First Time Homebuyer program may decide to utilize the "Live Where You Work Homebuyer Program".

Live Where You Work Homebuyer Program

The program offers homebuyers who will live and work in a Live Where You Work participating municipality a low-interest 30 or 40 - year fixed-rate first mortgage from the New Jersey Housing and Mortgage Finance Agency together with Live Where You Work downpayment assistance and/or closing costs in an amount equal to 5% of the first mortgage loan. Municipalities must be approved by the Agency to participate in the program. In consideration of the anticipated commuting costs savings, the underwriting guidelines for borrowers’ housing and overall debt ratios (the portion of a borrower’s gross income permitted to be paid toward monthly mortgage payment and other debts) will be expanded by 3% over the usual Agency underwriting limits giving borrowers significantly more buying power.

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|Remax | Coldwell Banker | Weichert | Century 21 | Crossroads | Keller Williams | Veltri | Sothebys | ERA | Jersey Shore |

03-11-12

Anthony Barone

view my blog
Office: (732) 914-0074 x302

Secondary: (732) 674-1590

Are vacation homes a good investment?

You can buy a vacation home today for investment purposes as well as enjoyment. And yes, there are tax benefits.

Some people buy a vacation home to use as a permanent retirement home later, which allows them to get ahead on their payments. Another benefit is that the interest and property taxes on a vacation home are tax-deductible.

Some real estate experts predict that vacation homes will appreciate in value due to rising demand from the aging Baby Boom generation. You also can depreciate the property if you live in the house less than 14 days a year.

You also need to consider whether you can afford to carry two mortgages, pay for the extra utilities and maintenance costs, and how this investment fits into your total personal finance picture.

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Open House Bayville March 11, 2012

03-11-12

Karl Hess, on The Jersey Shore

view my blog
Office: (732) 942-5280 x133

Mobile: (609) 553-7926
Secondary: (732) 942-5280

Open House in Bayville and Beachwood with photos and maps for Sunday Mar 11, 2012. Open House information including school reports, neighborhood data and Bayville Housing Market Trends.

Here is the list of Open Houses in Bayville for March 11, 2012 with easy to access maps and numerous photos. These homes are located in Bayville, Holiday City, Cedar Beach, Holly Park, Kesswick, Manitou Park, Pinewald, and throughout Berkeley Twp.

Details: 154 OCEAN GATE DR, BAYVILLE, NJ - $179,000
Details: 29 DONALD PL, BAYVILLE, NJ - $269,900
Details: 77 RONALD AVE S, BERKELEY, NJ - $279,000
Details: 88 OCEAN GATE AVE, BAYVILLE, NJ - $475,000
Details: 1225 SEAMAN AVE, BEACHWOOD, NJ - $279,900
Details: 725 SURF AVE, BEACHWOOD, NJ - $299,000

Most Open Houses will take place between 12:00 PM and 3:00 PM, so use the maps provided in the links to plan your day...or call me and I'd be happy to set up an exclusive "tour of homes" at your convenience.

For complete updated information on Ocean County Open Houses and real estate tips go to www.OpenHouseOceanCounty.com

Get a positive, helpful consultant for buying or selling a home in Bayville:

Trusted resource for answers about the process
Innovative marketing strategies
Expertise about neighborhood features
Ability to target home searches
Strong negotiation skills
Support through the closing and beyond
Has the Market Stabilized? - the very latest in Market Trends and Analysis

For a professional, informed consultation, call or email me at your convenience: Karl Hess, Ocean County Real Estate, Keller Williams Ocean County

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Open House Lacey Twp March 11, 2012

03-11-12

Karl Hess, on The Jersey Shore

view my blog
Office: (732) 942-5280 x133

Mobile: (609) 553-7926
Secondary: (732) 942-5280

Open House in Lacey Twp, including Lanoka Harbor and Forked River with photos and maps for March 11, 2012. Lacey Twp Open House information with school reports, neighborhood data with Lacey Twp Housing Market Trends.

Click here for the list of all Open Houses in Lacey Twp on March 11, 2012 with easy to access maps and numerous photos, including Lanoka Harbor, Forked River, Bamber, Sunrise Beach and the surrounding area.

Details: 815 HAZELTON AVE, LANOKA HARBOR, NJ - $209,500
Details: 1211 LAUREL BLVD, LANOKA HARBOR, NJ - $324,999
Details: 21 JACQUELINE CT, LANOKA HARBOR, NJ - $379,000
Details: 1050 BOWSPRIT PT, LANOKA HARBOR, NJ - $709,000

For complete updated information on Ocean County Open Houses and real estate tips go to www.OpenHouseOceanCounty.com

Get a positive, helpful consultant for buying or selling a home: