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 […]

New Jersey’s Housing Market Looks Stronger for 2019!

New Jersey’s housing market is looking stronger in 2019. If you are first-time buyers or  thinking about buying or selling a home in 2019, please call the Connolly Agency! Planning to buy or sell a home in 2019? Here’s the good news: The New Jersey housing market looks strong, according to Ilene Horowitz, president of […]

11th Annual Rotary Polar Plunge

The Rotary Club of Asbury Park presents the 11th annual Polar Plunger on Saturday, January 26, at McLoone’s Supper Club, 1200 Ocean Ave., Asbury Park. Registration will take place from 9:30 to 10:30 a.m. with coffee and bagels followed by a welcome to plungers and prizes at 10:45 a.m.  The Polar Plunger itself will take […]

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 […]

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 […]

Booming Asbury Park

Do you remember those days when the wealthy wouldn’t even think about stepping foot into Asbury Park, let alone buying a house there? Well, those days have come to an end as the housing prices and quality of the homes have gone up. Budget travel magazine ranked Asbury Park as the “coolest small town in […]