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Manahawkin, NJ Real Estate News

By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Reduced inventory coupled with high demand has sent home prices up in ManahawkinManahawkin Real Estate Market Update:Median list price and median sale price are both up. The total number of homes sold over the last year is up while pending homes sold (yet to close) is unchanged in comparison to 2019. Reminder: over 550 Stafford Twp homes have sold in the last 12 months!What’s Your Manahawkin Home Worth? Get a FREE, Instant Valuation!Manahawkin Real Estate Activity: (compared to 2019) Median List Price: Up 9.40% Median Sale Price: Up 12.28% Median Days on Market: 24 (# of days on market before property sells) Sold Listings: Up 8.6% Pending Sold Listings (this month): Down 14.3% Active Listings (this month): Down 64.9% New Listings (this month): Down 11.2% Manahawkin Housing Market Summar...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
This is an update on the current Manahawkin Real Estate Market.Manahawkin Housing Market Summary: Year to Date in Comparison to Last Year: (Note – “year to date” is a direct comparison between the first 4 months of 2020 to 2019)           Median List Price: Up 6.25%           Median Sale Price: 3.77           Median Days on Market: 40 (# of days on market before property sells)           Sold Listings: 175, Up 12.9%           Pending Sold Listings for the Month: Down 52.3%           Active Listings for the Month: Down 43.7%           New Listings for the Month: Down 65.5% What is Your Manahawkin Home Worth? Get a free, instant valuationMarket Activity: The Market Activity Report is a snapshot of all the changes in a local real estate market over the last 24 months           Estimated Ho...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
 It’s exciting to put a house on the market and to think about making new memories in new spaces, but we can have deep sentimental attachments to the homes we’re leaving behind, too. Growing emotions can help or hinder a sale, depending on how we manage them.When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes. Being mindful of these things and prepared for the process can help you avoid some of the most common mishaps when selling your house.1. Overpricing Your Ocean County HomeWhen inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask for when we price our homes. Believe it or not, that’s far from the truth. Don’t forget that the buyer’s bank will send an appraisal to determine the fair valu...
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Long Beach Island Home for Sale | LBI Real Estate | Jersey Shore Home for Sale | 1835 Mill Creek Rd Overview Maps Photos Features Description $860,000 Single Family Home Main Features 3 Bedrooms2 Full Bathrooms1 Half BathroomInterior: 2,030 sqftLot: 9,600 sqftYear Built: 1984MLS #: NJOC394008 Location 1835 Mill Creek RdManahawkin (Stafford), NJ 08050USA Mary Ann O'Shea RE/MAX At Barnegat Bay(609) 492-1145 x 1026listwithmaryann@lbihomevalues.comhttp://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 | 1835 Mill Creek Rd | $860,000 | Manahawkin (Stafford), NJLong Beach Island Home for Sale | LBI Real Estate | Jersey Shore Home for Sale | 1835 Mill Creek Road ...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
How to Start Your Home Search in the Manahawkin/Barnegat AreaIn today’s market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. Here are five tips from realtor.com’s article, “How to Find Your Dream Home—Without Losing Your Mind.”1. Get Pre-Approved for a Mortgage Before You Start Your SearchOne way to show you’re serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage. Even if you’re in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach. This will help you avoid the disappointment of falling in love with a home well outside your price range.Searc...
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Long Beach Island Home for Sale | LBI Real Estate | Jersey Shore Home for Sale | 57 Cornell Drive Overview Maps Photos Description Neighborhood $239,000 Single Family Home Main Features 5 Bedrooms2 Full BathroomsInterior: 1,630 sqftLot: 9,375 sqftYear Built: 1972MLS #: 21944214 Location 57 Cornell DriveManahawkin (Stafford), NJ 08008USA Mary Ann O'Shea RE/MAX At Barnegat Bay(609) 492-1145 x 1026listwithmaryann@lbihomevalues.comhttp://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 | 57 Cornell Drive | $239,000 | Manahawkin (Stafford), NJLong Beach Island Home for Sale | LBI Real Estate | Jersey Shore Home for Sale | 182 N Main St | $295,000 | Manahawkin, N...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Sothern Regional Schools District get’s high grade from Niche.The Southern Regional School District ranks third in Ocean County and in the top 20% in New Jersey, according to data compiler Niche. Niche released its rankings for the 2019-2020 school year this week as part of the website's 2020 K-12 rankings. Southern Regional High School also ranks in the top 5% in the nation for athletics!Search for All Homes in the Southern Regional School DistrictEach New Jersey district received a letter grade in the following categories: Academics; Diversity; Teachers; College Prep; Clubs & Activities; Health & Safety; Administration; Sports; Food; and Resources & Facilities.Here are Southern Regional High School’s Grades: Also, in Stafford Twp, the Marine Academy of Technology & Environmental Scien...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.In Manahawkin, the housing market absorption rate year to date is at 4.91 months. Absorption rate is the number of months it would take to sell the currently listed homes in the market and anything less than 6 months is considered a “seller’s market.” The median days on market is 42 days – that’s how long it takes for a home to sell (go under contract), though it could take another couple of months to actually close. Currently “new” listings on the market for July are down by over 8 percent. This all points to a seller’s market in Manahawkin.What’s Your Manahawkin Home Worth? Get an i...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Our Gang Players announces their 4th Annual Gift Auction:  "42 Years at the Shore" on Saturday August 17, 2019 at St. Mary's of the Pines, 100 Bishop Way, Manahawkin. Doors will open at 4:30pm & drawing starts at 6:00pm. There will be tons of gift certificates, baskets and lots of other items for you to win along with a 50/50, Door Prizes, a Mystery Wheel and more!!! Admission is $20 which includes (1) Ticket Sheet of "The Emmy's", a Door Prize Ticket, Coffee & Dessert. This event is BYOB /BYOF (however we will have snacks available for purchase).Groups of 10 can reserve a table by purchasing all 10 admission tickets under the same name. All others will receive a table assignment on the night of the event...so if you want to be sure to sit with all of your friends please order as a grou...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
For many prospective home buyers in Manahawkin, the down payment is the most daunting hurdle in the race to buy a home. Even for people with decent credit and a healthy paycheck, the down payment can be the great homeownership killer.See EVERY Home for Sale in ManahawkinThe big question for all prospective buyers is: how much should my down payment be? Most lenders will tell you that 20 percent is the standard, but is that really necessary?The short answer is no, but of course there are some caveats."It's a myth that all homebuyers must have a 20 percent down payment to buy a home," says Nancy Herrera-Siples, a Riverside, CA, branch manager at Primary Residential Mortgage. So why all the fuss over having 20 percent to put down? "Because if you don't, it usually means you'll have to shel...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Did you know that one of the best high schools in the country is in Manahawkin?The Marine Academy of Technology and Environmental Science (MATES) is a comprehensive, selective magnet public high school with a focus on marine and environmental science that is part of the Ocean County Vocational School District. The school is in the Manahawkin section of Stafford Township adjacent to Southern Regional School District and near the Ocean County College's Southern Education Center. As a public school, students attend the school at no charge. Prospective students must receive a recommendation from their school and must complete the application process which includes an entrance exam.If you're thinking of buying a home near the MATES School, here's some valuable information. Manahawkin Estimat...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Finding the perfect Stafford Township NeighborhoodLocation, location, location. Half of buying a home is finding where you want to live. You may have found your dream house, but it might not be in your dream location.Here are the different neighborhoods in Stafford Township: Bay Side, Beach Haven West, Beach View, Bonnet Island, Cedar Bonnet Is, Cedar Run, Colony Lakes, East Point, Manahawkin, Mayetta, Ocean Acres, Village Harbor and Warren Grove. Which one is right for you?See all Stafford Twp Homes for SaleHere's how you can find the perfect neighborhood: Check It Out OnlineLook up what people are saying about the neighborhood you're interested in. Do people actually enjoy living there? What do they like and dislike about it? Google the crime statistics for the area; safety should be ...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Buying a home in Manahawkin can be puzzling if you don’t understand the lingo. Comprehending the jargon can make the search and transaction run a lot smoother.Search for Manahawkin Homes for SaleHere are some common real estate terms to know when getting ready to buy a home. For a more lighthearted look at real estate ad language, see What "As Is" and Other Real Estate Marketing Terms Really Mean. And for more obscure terminology, try searching Nolo's Legal Dictionary.Some Highlights: Buying a home in Manahawkin can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way to ensure that your home-buying process is a confident on...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Are we about to enter a buyer’s market in Manahawkin? Should you sell now?Sale of Stafford Twp homes are slightly above last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?What’s Your Manahawkin Home Worth? Get an instant, free valuation!In Manahawkin, the absorption rate is still well below equilibrium at 4.75 months with the median sale price increasing by 3.85% over the same time last year.Search for Homes in ManahawkinThe market has softened somewhat. However, according to two chief economists in the industry, we are a long way from a market that totally favors t...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product is desired by buyers. Supply represents how much the market can offer. In Stafford Twp (Manahawkin) the absorption rate is 4.75 months, well below the 6-7 months for a “neutral market.” Average days on market (the time it takes for a home to sell) is down by over 27%. Sale prices have increase by over 4% and should continue to rise.What’s Your Manahawkin Home Worth? Get an instant, FREE valuation!The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for ho...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Some home-buyers are willing to forego some ‘must-haves’ in favor of a good school district, but you don’t have to Manahawkin. We have all you could ask for, including one of the best High Schools in the state – the Marine Academy of Technology and Environmental Science (MATES).MATES is a specialized high school developed around the marine and environmental science theme. MATES is geared toward students who wish to concentrate their studies in the areas of math and science.A rigorous academic course of study instructed at the honors level satisfies all of the state requirements necessary for high school graduation and beyond. Students that are eligible may also take college level courses. The opportunity for participation in externships in laboratories, field work, and industry will be ...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
The Manahawkin real estate market is stabilizing as more houses are being offered for sale but it’s still a “seller’s market” indicated by an absorption rate below 6 months. As usual, supply and demand will determine future home values in Stafford Twp.Active listings in Stafford Twp has increased by 14% as the absorption rate is at 5.29 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).  Median sale price has increased by over 3% over this time last year while median days on market has decreased by almost 20%.What’s Your Manahawkin Home Worth?Will home values continue to appreciate throughout 2018?...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
The absorption rate in in Stafford Twp is at 4.4 months; in a “neutral market” that rate would be between 6-7 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.What’s Your Manahawkin Home Worth – Get an instant, FREE valuation!!As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
If you’re thinking about buying a home in Manahawkin, now may be the time to act.According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.Search for Homes in ManahawkinPurchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford to buy will decrease if you plan to stay within a certain monthly housing budget.The chart below shows the impact that rising interest rates would have if you planned t...
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By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
If you’re thinking of selling your Stafford Twp Home, May and June are the best months to put your house on the market.May of 2017 saw $13.8 million worth of homes sold in Manahawkin. June of 2017, $14.5 million worth of homes sold.The previous year, 2016, $7.3 million worth of homes sold in Stafford Twp. In June of 2016, it was 12.5 million dollars’ worth of homes sold.So far this month (May 15, 2018), $5.2 million dollars’ worth of homes have sold… it could be much more, but there is a severe inventory shortage. What’s Your Manahawkin Home Worth?According to a newly released study by ATTOM Data Solutions, selling your home in the months of May  or June will net you an average of 5.9% above estimated market value for your home.For the study, ATTOM performed an “analysis of 14.7 million...
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