3rd Quarter Market Update

bradley beach

3rd Quarter Market Update 2021 vs 2020 Down below we have compared the 3rd quarter market update of 2021 vs 2020. What you can tell from the information down below is the inventory has dropped but the average sales price has gone up in each town. The days on the market have also gone down […]

The Jersey Shore Real Estate Market Update 2020

The First Half of 2020 The Jersey Shore Real Estate Market Despite COVID-19 wreaking havoc around the world, the Jersey Shore Real Estate Market has been robust. During the first half of 2020, Monmouth County is one of five in New Jersey which has seen an increase in sales during 2020. Considering the overall 20% […]

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 […]

Real Estate Market Update 2019

Jersey Shore Real Estate Market Trends- Third Quarter 2019 Asbury Park During the third quarter in 2019, 14 single family homes were sold with an average sale price of $467,000. This is a 25% increase in average sales price over the same period last year. Days on market are relatively flat at 56 days. Homes were selling for […]

Real Estate Market Update – First Quarter, 2019

The Real Estate Market at the Jersey Shore for the first quarter of 2019 remained strong with inventory levels low and demand for homes high. Home prices are up 10% over the first quarter of 2018.  Homes are selling for close to listing price. For details by town, please read below, or click on market updates […]

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 […]

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 […]

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 […]

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 […]