Real Estate Market Update 2021 vs 2020

Bradley Beach

Real Estate Market Update First Half of 2021 vs 2020 The Real Estate Market in 2021 at The Jersey Shore – we are experiencing record low inventory levels with home prices soaring in some towns. Other towns have actually experienced a decline in home sale price. For a summary by town see below.   Allenhurst […]

Real Estate Market at The Jersey Shore 2020

2020 Real Estate Market at The Jersey Shore While 2020 wrecked havoc on the world with the Covid Pandemic, it created a flurry of home buyer activity in our New Jersey Shore towns. 2020 was seen as one of the best real estate markets at the Jersey Shore. The desire to leave the confines of […]

Real Estate Market Update: First Quarter 2020

Real Estate Market Update: First Quarter 2020 Allenhurst Starting off the first quarter of 2020, Allenhurst saw sales of 2 single family homes. The average sales price of $1,732,500 represents the sale of a $415,000 and a 3 million dollar home. These homes were sold at 91% of list price, which holds consistently with 2019 comparisons […]

Renovation Loans Expand Your Homebuying Options

It’s the lament of first-time homebuyers in just about every housing market: There aren’t enough entry-level homes available that are move-in ready. One solution is to broaden the search to fixer-uppers. With renovation loans, you can get one home loan that combines the purchase price with the cost of improvements. Not enough affordable homes Entry-level […]

Here’s where more $1M condos are proposed in booming Asbury Park

While developer iStar has mapped out an ambitious plan to transform Asbury Park’s waterfront with luxury condos, a swanky hotel, a revamped music venue and other mixed-use projects, a local developer is hoping to slide into the action. Regional Development Group, led by Trip Brooks, who has lived in Asbury Park since 1999, recently received approval from iStar and […]

Mortgage Rates Continue to Fall in Holiday Gift for Home Buyers, Sellers

There are lower mortgage rates just in time for the holiday season… Home buyers and sellers are in for even more holiday cheer this season as mortgage interest rates continued to fall. That makes it more affordable for folks to purchase properties as their monthly mortgage payments will be a little lower. Plus, it may […]

2019 Project Homeless Connect & Point in Time

The Connolly Agency is partnering with Interfaith Neighbors of Asbury Park to collect items for the 2019 Project Homeless Connect & Point in Time Annual Count.  The project provides food, clothing, health services and hospitality to our neighbors experiencing homelessness across the county on January 23, 2019. Please bring donations to The Connolly Agency,  216 Main […]

Attention First-time homebuyers!

Why 2019 will be the year of the first-time homebuyer Windermere Real Estate’s Chief Economist, Matthew Gardner, gives his predictions for 2019 BY MATTHEW GARDNER National Housing Market What a year it has been for both for the U.S. economy and the national housing market. After years of above-average economic and home price growth, 2018 […]

Mortgage Rates Retreat, but Housing Market Supply Crunch Won't Let Up

 Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs. The 30-year fixed-rate mortgage averaged 4.85% in the October 18 week, down 5 basis points, mortgage buyer Freddie Mac said Thursday. Rates for home loans –  15-year fixed-rate mortgage averaged […]

Real Estate Market Update 2016

The real estate market at the Jersey Shore is good! Get the latest Real Estate Market  Update 2016 for the first three quarters of 2016, for the Jersey Shore right here! Email homes@theconnollyagency.com for all real estate market updates. This data contained below was compiled from the Monmouth-Ocean Multiple Listing Service (FLEX-MLS) and provides an overview of the sales […]