Little Egg Harbor NJ - Has the Housing Market Hit Bottom?

Little Egg Harbor NJ - Has the housing Market Hit Bottom?

The housing market in Little Egg Harbor slowed in 2011, and prices decreased. But the question most asked, "Have we hit bottom?"

First let's look at the figures to date for the Little Egg Harbor Housing Market in 2011.

So in looking at these figures, I'm looking at a reduced sale price range from 2010, but also a decreased number of homes for sale listed on the market in Little Egg Harbor.

I know it's boring, but take a look at the 2010 figures.

My read; We're ready for a rebound in real estatesales and prices in Little Egg Harbor, NJ.

But take note; there will not be the extraordinary yearly/monthly increases in value that we've seen in passed year. I think there's a leveling going on and we'll see a leveling in property values in 2012, and traditional increases in 2013 along the lines of 3% to 4%.

The unfortunate news for homeowners; that 3% to 4% increase is on your current value...not your assessed value or what you paid for the home.

If you'd like a current assessment of your home’s value Little Egg Harbor REALTOR® Laura Giannotta can provide a Comparative Market Analysis (CMA) to see how your home would be valued if it was for sale. Or if you’re stay put you might qualify for an appeal of your tax assessment. No guarantees, but I can provide that information to help YOU make the decision!

Laura Giannotta
Click on any of the links below to:

How to Proceed with a NJ Tax Appeal
Search the Jersey Shore MLS
Find out about buying or selling a home at the Jersey Shore
Contact a Little Egg Harbor REALTOR®