Little Egg Harbor, NJ

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®

Set in Ocean County, New Jersey, Cranberry Creek is an intimate sized active adult community of just 325 homes. Residents here enjoy single-story ranch homes set in an ideal location just minutes from the famous Jersey Shore beaches in the rural town of Little Egg Harbor.

Cranberry Creek was built between 2004 and 2010 by the Kleiner Group. Today interested homebuyers can select from resale homes attractively priced from the high $100’s to the mid $200’s. There are five unique floor plans ranging from 1,240 to 2,314 square feet, all of which are single-story, ranch style homes. The floor plans feature two or three bedrooms and some offer an extra loft space. Some of the homes feature sun porches or sunrooms.

The amenities of this small-scale New Jersey active adult community are highlighted by a charming clubhouse offering a nice collection of amenities popular among the 55+ homebuyer. The 10,000 square foot amenity center features a fitness center, billiards, computer stations, hobby rooms, a grand ballroom and quaint social spaces such as a cozy fireplace lounge. Outdoors there are sports courts for tennis and bocce, a swimming pool ball plus a horseshoe and picnic area.

The town of Little Egg Harbor and surrounding areas offers residents a quiet and relaxing pace of life yet still offer everyday conveniences and outdoor recreation including boating and fishing. Grocery stores and shopping malls are just minutes away while the excitement, culture and entertainment of Atlantic City and Philadelphia are easily accessible. Other unique destinations just minutes from Cranberry Creek include Long Beach Island, The Barnegat Lighthouse, the Surflight Theatre and the Tuckerton Seaport maritime museum.

New Jersey retirees in search of an attractively priced 55+ community offering well-kept homes and amenities will want to visit Cranberry Creek Little Egg Harbor. This tight-knit community offers a welcoming neighborhood feel. Newcomers will quickly feel right at home and can quickly start participating in resident activities such as social clubs, fitness classes and more.

For more information and photos of this and other NJ active adult retirement communities please visit 55Places.com. To stay in touch with us please join our Facebook page by clicking the Facebook link below.

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Little Egg Harbor’s Winding Run Development

The history of the Winding Run development in Little Egg Harbor at the Jersey Shore is an interesting one.

Kara Homes began construction at the height of the housing market. At times it seemed like the price point for these homes was increasing monthly. The sale price for these new homes topped out at almost a half million dollars.

The bottom fell out for Kara Homes, a New Jersey based development company in 2006, and they declared bankruptcy. That was the beginning of the housing market decline in southern Ocean County.

The uncompleted homes were finished by another builder. But many Winding Run buyers, whose homes were not started, lost big.

The undeveloped portion of the small Winding Run development was then sold to Ryan Homes. Ryan built and offered their own models. Those homes are smaller and were priced far below other new homes in the area.

This has caused problems for home owners of Kara built homes, because along with the overall decline in home prices over the last several years, new homes could be had for far less. The result is short sale and REO’s.

There are currently 5 homes actively being marketed in Winding Run. They are priced from $290,000 to $370,000.

As a result of Kara bankruptcy the roads are not properly paved and storm drainage system in the development is inadequate. Little Egg Harbor has already claimed the Kara performance bond.

It’s unknown if or when or if the Township of Little Egg Harbor will step in to remedy the situation.

If you’d like more information on homes for sale in Little Egg Harbor at the Jersey Shore, contact Little Egg Harbor Realtor® Laura Giannotta at 609-384-6121.

Little Egg Harbor's Osborn Island Bridge Replacement

The aging bridge over Big Creek leading from Little Egg Harbor's Mystic Island to Osborn Island will only be in use for another two years. The work to replace the bridge is scheduled to begin in spring, 2012.

The existing bridge was originally built in 1964, rebuilt in '81 and rehabbed in 1995. The Ocean County Engineering Department has now determined the bridge has reach the end of its life due to extensive damage to the pilings and heavier traffic to Osborn Island. This bridge is the only access to Osborn Island.

The new bridge will be built to the west of the existing bridge. It will go up one lane at a time, and the current bridge will be in use until the new Osborn Island bridge is competed in about 15 months.

If you'd like more information on homes in Little Egg Harbor's Osborn Island, contact Little Egg Harbor REALTOR® Laura Giannotta 609-384-6121.

Want some Jersey Shore history this weekend? Visit the Tuckerton Historical Society's Museum (in Little Egg Harbor) and learn about the Jersey Shore shark attacks of 1916.

Those attacks changed our perception of sharks and even inspired a little movie you may have heard of...JAWS.

Haven't seen the 1975 film JAWS? The story is said to take place in a quaint New England town called Amity Island. Replace the name Amity Island with the Jersey Shore, and the events of the movie and book are mirrored in the historical records of the Jersey Shore.

In just 12 days, July 1 through July 12, 1916, a shark or sharks killed four people and mauled 7 others along the Jersey Shore. People were in a panic because just a year earlier, the New York Times had said that sharks didn't seem to be dangerous in U.S. waters. The panic was so widespread U.S. President Woodrow Wilson had to handle the crisis. Wilson held special meetings with his Cabinet and dispatched the U.S. Navy and the U.S. Coast Guard to get rid of these menaces of the sea.

So if you want some Jersey Shore history check out the program at the Giffordtown School House Museum, Leitz Boulevard on Saturday (July 9, 2011) at 2 pm. For further information call 609-296-2584.

Laura Giannotta

Click on any of the links below to:
Search the Jersey Shore MLS
View Daily Little Egg Harbor Housing Market Info
Find out about buying or selling a home at the Jersey Shore
Contact a Little Egg Harbor REALTOR®

Picture from wikimedia.org, Kmusser