The barrier island in nearly 20 miles long. Locating near the hub of activities, or near to the homes of family and friends may be important when choosing a location. Driving the length of less than 20 miles can be a daunting task taking hours during peak times. It seems that your interest might be restricted to Beach Haven (and that may include North Beach Haven? Haven Beach?) That is certainly one of the more concentrated hubs on the barrier island. Beach or bayside is really a matter of preference. Budgets reach all directions. There is currently a condo for sale in the low 3's, multi family home at 1.3M, and SF homes ranging from the 4's to 1.7M. You will find the largest potential selection of homes in the higher 6 figures and lower 7 figures.
There isn't much inventory active in MLS right now, but surely, there are many potential sellers out there who are not listed. If you are serious about buying soon, I would suggest that retain a buyers agent that will aggressively comb the market for would be sellers in addition to those actively listed. There weren't many sales last year, and there were a lot of properties that went off the market as expireds and withdrawns. For you, as a buyer, that creates both oppty and risk. But, oppty generally does run hand in hand w/ risk.
For many buyers, the question is "buy or wait for the market to adjust"? I explain to buyers that your target property may or may not move with the tide of the market. Not all sellers, therefore not all properties, will swing at that the same speed as the "average" of the market. Today, there may be a motivated seller who wants to sell now, and may become very flexible in pricing......well below today's average, or even well below tomorrow's average. The more flexible you are as a buyer in your choice of amenities, location, and condition, the more likely you are to be able to secure a great deal by prioritizing properties held by motivated sellers. A buyers agent, if representing exclusively you, can approach sellers from last year who may still have an interest.
If you are looking for a long term summer home to share with your family (I see in your picture that you have little ones!), then I would suggest beginning your search now. It is impossible to time the market perfectly. If this is a long term hold and a place to build memories w/ family and friends with for years, you can start that now. You are in a more favorable position today than the buyers were 3 and 4 years ago.
Jeff....please excuse me while I borrow your thread for a side comment..............I haven't been that active on Trulia in the recent weeks. When I came to this thread and saw the volume of TD, it was disheartening. It looks like Realtors slamming Realtors, and that makes a negative statement about us, and about our profession. I would ask that you try to take a step back and see this how a first time Trulia visitor might.....coming to a sight, finding a question of interest, and seeing all this negative bashing. Really, is this uplifting to Trulia or Realtors? Does it speak well about us? Did all this TD activity help Jeff or other consumers? Or, did it turn off Jeff and/or other consumers?
1 Make sure you really like it before you invest your money that won't appreciate for 5-10 years.
2 The prices there have stabilized, but not yet dropped. There is a huge inventory and sales are slow.
If you have the money, then you are also probably smart enough to know what happens with supply and demand. You have nothing to lose by renting one year and seeing what happens to the market.
If you have been considering purchasing for a while, you will find now is the best time with interest rates still in the low 4 % range and homes at their lowest in 8 yrs. If it is Beach Haven only you are concentrating on , you will find 44 Single family homes with 3-5 bedrooms starting at $499,000. and up to 4.9 M Are you interested in making having a home produce and income as well as a place to spend the summer? You may want to look into multi family homes. If your intent is to spend the summer an weekends off season ( Sept - Nov are wonderful) . Remember , with the click of the mouse, you can find your house on http://www.DonnaDiorioRealtor.com . You can search at your leisure, find what is happening on LBI, check the weather, see what sold and browse the rentals. You can sign up for new listings that come on the market from the privacy of your home and get real time up dates. There are many wonderful towns on LBI to live, depending on your specific needs and wishes to have within you neighborhood. The beaches are replenished annually and if you are familiar with LBI you will know it has the cleanest 19 miles of Island in comparison to the surrounding beach locations.
Visit http://www.DonnaDiorioRealtor.com for mortgage calculators, affiliated business partners( which make it easy for you to do one stop shopping) Unless you ask to be contacted, you can look as often as you wish , until you are ready for a one on one discussion. It would be my pleasure to help you when you are ready. Feel free to email me at Donnadiorio@hotmail.com ,or call me on my cellphone 609-709-9539 anytime you have further questions or concerns. Real estate is my business and I am available 7 days a week. I look forward to helping you become a LBIslander.
Pat, LBI and Hainesport, NJ
LBI, as we locals call it, is a great place; almost like stepping back in time 30 years ago...shops open till 11pm, or later, loads of family places, fantastic eateries. It's a place where people still feel safe enough to stroll late at nite as there are many places within walking distance of just about anywhere you stay /live at. Tons of beach activities at night...every night. And the beaches are clean and not yet crowded as some NJ beaches have become.
Other good news is that there are a ton of beautiful, reasonably priced homes ready to move into. What were just about "untouchable" price wise 3-4 years ago have now become the best price value in years. If you use it as a primary, you will love the quiet off season, if a secondary...the getaway factor. Also if it is a secondary, the possibility of leasing it out adds an additional affordability factor, some owners make great cash leasing out to good, pre-screened people.
As a buyers rep, I would love to help you out, even if only with advice.
Call me 609-713-3454
Crossroads Realty, Barnegat
The Property Search feature allows you to filter thousands of listings based on attributes that you select. You can simply search for houses in a certain area and price range, or you can look for houses that fit your specific style. If you know you want a brick house with gas heat and a garage, you can get the results you're looking for. Most real estate websites don't offer that degree of choice. I am available 24 hours a day, 7 days a week.
My advanced Property Research Center offers further tools for homebuyers. My website, will also give these additional features:
Saved Searches that allow you to easily maintain lists of properties that match your criteria without having to re-enter any information, and there is no limit to the number of searches you can save.
The Favorites Folder - a great way to put in order those specific listings that interest you most.
The New Listing Notification service, which updates you via e-mail as to new listings that match the criteria of any saved search. So if you are still seeking the information you want with out the Pressure tactics. Then take a quick peek . go to http://www.soldbypattie.com
If you'd like some community or home sale information, check out my website, below.