Barnegat, NJ Real Estate News

By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
84% of Americans Believe Buying a Home is a Good Financial DecisionAccording to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis.87% of the homes in Barnegat are owner-occupied. The average sold price rose by over 10% over the same time last year. Homes that sold for over $300,000 increased by 22% and pending sales (under contract) of homes over $300,000 has increased by over 15%. New listings for homes over $400,000 have increased by 56%. Those statistics are indicators that owning a home in Barnegat is a very good financial decision.Barnegat Homes for SaleThose surveyed pointed out five major reasons why they ...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
 More Than Half of All Buyers Nationwide Are Surprised by Closing CostsAccording to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected.Barnegat Homes for Sale“Homebuyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”Bankrate.com gathered closing cost data from lenders in every state and Washington, D.C. in order to share the average costs in each state. The map below was created using the closin...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
If you are debating purchasing a home in Barnegat right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the Barnegat real estate market.Ask yourself the following 3 questions to help determine if now is a good time for you to buy in today’s market.Barnegat Homes for Sale1. Why am I buying a home in the first place?This is truly the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.For example, a survey by Braun showed that over 75% of parents say, “their child’s education is an important part of the search for a new home....
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
There are many benefits to homeownership in Barnegat. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.Don’t Become Trapped A recent article by ConsumerAffairs addressed the continuous rise in rents, stating:“The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June.”Additionally, in the Joint Center for Housing Studies at Harvard University’s 2017 State of the Nation’s Housing Report, it was revealed that,“Despite a slight improvement from 2014, fully one-third of US households paid more than 30 percent of their incomes for housing in 2015. Renters continue to be more likely to face cost burdens…the number of cost-bur...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
 Barnegat Real Estate Statistics:  Absorption rate is 5.6 months (The absorption rate is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the average number of sales per month by the total number of available homes. The figure shows how many months it will take to exhaust the supply of homes on the market. The absorption rate does not take in to account additional homes that enter the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time. Traditionally, an absorption rate less than 6 months has signaled a seller's market in which homes are sold quickly. An absorptio...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise.The great news about rising prices, however, is that according to CoreLogic’s Homeowner Equity Report, the average American household gained over $14,000 in equity over the course of the last year, largely due to home value increases.Prices in the Barnegat real estate market continued to climb during the year-to-date period. The median price of a single-family home in Barnegat area increased 14.95%, to $229,900. Average home prices rose 10.12% to $221.890. The dollar volume sales during the year rose by 2...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
If you’re looking for a home in Barnegat or Manahawkin (or anywhere else for that matter) know what you want vs. what you need.In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.If you’ve been thinking about buying a Barnegat or Manahawkin home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.Barnegat Homes for SaleDo you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Locally, Barnegat’s average price is up 10.12% in 2017 in comparison to year-to-date 2016. Median home sale price in Barnegat is up almost 15% over the same period. 43 homes sold in August of 2017 in comparison to 55 in August of 2016… but that decrease is mostly due to lack of homes available for sale. 255 homes have sold so far this year, 247 sold year-to-date in 2016. In other words, it’s a seller’s market in Barnegat.What's Your Barnegat Home Worth? - Get a Free, Instant ValuationThe latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,“National Home Prices Now 50% Above March 2011 Bottom”The real estate market has come a long way since 20...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
D.R. Horton’s New Jersey division is pleased to announce the first Freedom Homes community in the Coastal New Jersey area at Seacrest Pines*. Division management, town officials and distinguished guests will celebrate the opening at the Freedom Homes Seacrest Pines ribbon cutting ceremony on August 3, followed by a Grand Opening celebration on August 5.Homes in Adult Communities in Ocean CountyFreedom Homes offers new home plans for active adults seeking a low-maintenance lifestyle. Seacrest Pines features several options for main-floor living, attractive to the active adult buyer. Homes range from 1,600 square feet to 2,100 square feet and start in the mid-$200’s. The Freedom Homes Seacrest Pines grand opening to the public will be held Saturday, August 5, from 1 p.m. to 6 p.m.D.R. Hor...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Barnegat Housing Market Trends, July 2017 - Home Sale Prices Up Over 12%!!It’s a “seller’s market” in Barnegat! And here are the stats to prove it. All statistics are year-to-date for 2017 in comparison to 2016.Average List Price of a Barnegat home is up 1.19%. List price refers to the current list price of a listingMedian Sale Price of a Barnegat home is up 12.31%A median price is where half the prices are higher and half the prices are lower.  Absorption Rate of Barnegat homes is at 5.62 months, down almost 27%! The Absorption Rate, in Months shows how long the current inventory of properties would last at the current rate of sales. If no new properties were added to the market, and sales continued at a steady pace, the Absorption rate indicates the number of months required to sell a...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
 111 Rockrimmon Boulevard, Barnegat, NJ 08005Welcome to this lovely 4 bedroom, 3 bathroom home on over .5 of an acre at Hampton Ridge Estates in Barnegat. Half an acre allows for plenty of room to add a pool AND playground equipment! Homes in this neighborhood regularly sell for over $400,000; get instant liquidity on the day you close!! Enjoy over 3000 square feet of living space and a finished basement.Barnegat Homes for SaleHardwood floors lead you from the front door into family areas. Large kitchen with stainless steel appliances, granite counters including a center-island, peninsula and breakfast bar. Home office located near the first floor powder room can be converted to another bedroom if needed. Upstairs is the large master suite with tiled bathroom and walk-in closet. There’s...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
The Big Day of Birding at Cloverdale Farm County Park in Barnegat will run from 9 a.m. to 4 p.m. on Sunday, May 7.Visitors will get learn about New Jersey's wild bird species. The event features guided bird walks, lectures, backyard feeder watches, bluebird trail monitoring, activities and games for children, and have live birds of prey from Woodford Cedar Run Wildlife Refuge.Several Local Birding and Conservation Organizations including the Edwin B. Forsythe National Wildlife Refuge, Woodford Cedar Run Wildlife Refuge, Conserve Wildlife Foundation of NJ, Southern Ocean Birding Group, Purple Martin Conservation Association, and the NJ Eastern Bluebird Society will be on hand to answer any and all questions.Cloverdale Farm County Park is the newst addition to the Ocean County Department ...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Barnegat Real Estate Market Trends - April 2017Barnegat real estate conditions are changing and your Barnegat Market Insider provides valuable, up-to-date information about Barnegat Housing Trends. View critical information about what is happening now, in the Barnegat Real Estate Market! Please note that these statistics are changes over the last 30 days, they don't represent overall listing and sold prices.Barnegat Homes for Sale Buying or selling a home in Barnegat involves many factors. Stay on top of current Barnegat community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you. FHFA: Q4 Home Prices Edge Up 1.5 Percent -...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Barnegat Real Estate Market Trends - March 2017Barnegat real estate conditions are changing and your Barnegat Market Insider provides valuable, up-to-date information about Barnegat Housing Trends. View critical information about what is happening now, in the Barnegat Real Estate Market! Please note that these statistics are changes over the last 30 days, they don't represent overall listing and sold prices.Barnegat Homes for SaleBuying or selling a home in Barnegat involves many factors. Stay on top of current Barnegat community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you.  Featured Tip of the MonthLearn more about ...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Barnegat Real Estate Market Trends - February 2017Barnegat real estate conditions are changing and your Barnegat Market Insider provides valuable, up-to-date information about Barnegat Housing Trends. View critical information about what is happening now, in the Barnegat Real Estate Market! Please note that these statistics are changes over the last 30 days, they don't represent overall listing and sold prices.Barnegat Homes for SaleBuying or selling a home in Barnegat involves many factors. Stay on top of current Barnegat community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you.Featured Tip of the MonthLearn more about...
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Sold! Long Beach Island Home for Sale | LBI Real Estate | Jersey Shore Home for Sale | 21 Newport Overview Maps Photos Features Description Market Stats SOLD - $260,000 Single Family Home Main Features 2 Bedrooms2 Full BathroomsInterior: 1,861 sqftLot: 6,327 sqftYear Built: 2004MLS #: 4022769 Location 21 Newport StreetBarnegat, NJ 08005USA Mary Ann O'Shea RE/MAX At Barnegat Bay(609) 492-1145 x 1026[email protected]// http://www.lbihomevalues.com   Listed by: Mary Ann O'Shea - RE/MAX at Barnegat Bay Our recent listings Long Beach Island Home for Sale | LBI Real Estate | Jersey Shore Home for Sale | 21 NewportLong Beach Island Home for Sale | LBI Real Estate | Jersey Shore Home for Sale | 30 Jonathan DrLong Beach Island Home for Sale | LBI Real Estate | Jersey Shore Home for Sale | SF 31...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Barnegat Housing Market Trends - January 2017Barnegat real estate conditions are changing and your Barnegat Market Insider provides valuable, up-to-date information about Barnegat Housing Trends. View critical information about what is happening now, in the Barnegat Real Estate Market! Please note that these statistics are changes over the last 30 days, they don't represent overall listing and sold prices.Buying or selling a home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you. Learn more about successfully selling or buying a home and check out a whole library of t...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Cornerstone at Barnegat, an age- and income-restricted housing project located at 9 S. Main St. in Barnegat has been opened by the Walter’s Group. The three-story building features 70 energy-efficient units in a mix of one- and two-bedroom layouts with balconies. On-site amenities include large gathering areas, fitness center, conference room, computers, outdoor barbecue area, secured access, elevators, and on-site management and maintenance. The property is restricted to residents age 55 or older.Other Barnegat Homes for RentCornerstone at Barnegat is registered with the U.S. Green Building Council and will pursue certification under USGBC’s LEED® program (Leadership in Energy and Environment Design).*Age and income restrictions apply please inquire for details.**Limited availability o...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Barnegat Housing Market Trends - December 2016Local real estate conditions are changing and your Barnegat Market Insider provides valuable, up-to-date information about Barnegat Housing Trends . View critical information about what is happening now, in the Barnegat Real Estate Market! Please note that these statistics are changes over the last 30 days, they don't represent overall listing and sold prices.    Learn more about successfully selling or buying a home and check out a whole library of tips and articles to help you!As always, thank you for your time and feel free to get in touch if you have any questions. Karl Hess, Keller Williams Shore Properties - #1 Real Estate Office in Ocean County - Listings/Sales
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Barnegat Housing Market Trends - October 2016Local real estate conditions are changing and your Barnegat Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening now, so you can be a "Market Insider"! Please note that these statistics are changes over the last 30 days, they don't represent overall listing and sold prices. Market Area: 08005 Listing Price $287,030 Listing Price Trend -0.03% Sold Price $242,160 Sold Price Trend -0.05% Just a fraction of what's happening...click now to view more local market conditions! Buying or selling a home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, a...
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