Manahawkin Real Estate Market Report - Ocean, New Jersey
Manahawkin, New Jersey - Ocean
| Market Commentary Provided by Kevin Bergin and Kevin Farnung If you can qualify, now is an exceptional time to buy a home in Manahawkin. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 609-713-1538 |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Kevin Bergin and Kevin Farnung
RE/MAX of Long Beach Island Ship Bottom, New Jersey 609-709-7356 soldby2kevins@agents.househunt.com Agent Home Page  |
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| Nearest Metro Area | South Jersey Shore | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $250,000 - View Graph Trend | ||||
| Best Selling Price Range | $200,000 - $249,000 | ||||
| Worst Selling Price Range | $600,000 - $649,000 | ||||
| Compared to Last Year | Down 10-15% | ||||
| Prices As % of Asking Price | 90-95% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Manahawkin is | Increasing | ||||
| Seller Activity for the past 90 days in Manahawkin is | No Change | ||||
| Is Financing Available For Qualified Buyers in Manahawkin? | Yes | ||||
| Existing Home Prices for the past 90 days are | Decreasing | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | Waterfront Community & Residential Single Family Homes | ||||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Manahawkin! | ||||
| Average Sold Price | $250,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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