Home Selling in Asbury Park>Question Details

Kay, Other/Just Looking in New Jersey

Will Asbury Park really make a comeback as a safe place to live year round?

Asked by Kay, New Jersey Wed Mar 12, 2008

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The halt to the Esparanza put up a big red alert to other investors and buyers. Many of the newer units were bought on spec., and occupied seasonally or not at all. It will take time for more residents to become full time and with that will come more services. It is the story of the chicken and the egg. There is a lot of interest and curiosity about Asbury Park. At some time, it will take off. It simply is beautiful coastline, a great beach and awesome boardwalk. It is prime real estate. The credit crunch and worries about the economy will have an adverse impact on Asbury in the short term. That's true for several communities.
2 votes Thank Flag Link Tue Mar 18, 2008
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
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Having spent the past few months here as a seasona rental, (hoping that the town would be back on an upswing), I realized it is a long way off, if at all...I seriously have my doubts.

I keep thinking of an old Rolling Stones song from the early 80's called "Shattered" which in my opinion kind of describes Asbury Park, (although it was written about NYC which did pull itself out of the bottom and recovered greatly).

First, the only somewhat safe areas are on the boardwalk and Cookman Avenue. You would need to have your head examined to stroll around Asbury Park on foot at night and if you are a single female, forget about it! If you have any street smarts it is obvious, the type of characters and low lifes that are on many of the streets, and it is very scary.

Yes, the gays have moved in and have attempted to make great strides in turning the community around but you have a Victorian home (redone by gays) next door to a crack house, a few doors down a house with prostiututes and so on and so forth. If you like the idea of being an urban pioneer, go for it, but be careful in the process I would NEVER leave my doors unlocked here and I think an alarm system is mandatory.

When you visit AP now, like I did in the spring months it looks great at first sight with all of the rebuilding , new stores, cafes, etc. (but only the Boardwalk and downtown Cookman Ave. look better). However, I am quite dubious about the future of all of it. The condominiums and rental prices are quickly falling due to the economy and I think it may all fall apart within the next year. There just isn't enough to entice people to want to live here when you can live in beautiful NJ shore communities and not have to be worried about who your neighbor is and be surrounded by a nice class of people.

I totally beleive in diversity , which AP has, however the element that is here now has a large amount of low life trash, alcoholics, drug dependent people, and people you wouldn't want to spend time with except a quick hello and goodbye. Trust me, it's not what it appears to be. Don't believe what you read in the Asbury Park tourist websites and other glossy periodicals, it just is not true.

I hope my observations are incorrect for the sake of the future here, but I think I may be right. It's at least another decade before this town turns around (if at all), so my advice is just to come for the weekend and stay in one of the nicer hotels (The Berkely, or the guesthouse The Tides), and just have fun. But proceed cautiously before planning to move here , and even much more cautiously before buying here as you stand a chance to lose alot of money on your investment as prices have not dropped to the bottom yet.

The locals that have been here a long time, (I have spoken with many), are also dubious about the return of Asbury Park. The gays that have moved in recently and straight couples are alot more optimistic but I really think they are wearing rose colored glasses and will be very disappointed in the next few years when there will be more than likely less positive change happening here as the financial resources are drying up.

Sorry to report this, but I call it like I see it......

Spend time in Bradley Beach, Long Branch, Ocean Grove or Deal if you want to live on the NJ shore. For now, Asbury Park still looks and feels like a ghetto.....Caveat emptor.....

Mark
1 vote Thank Flag Link Thu Jul 16, 2009
Hello, I'd first like to comment on Mark's observations. In many ways he is correct but I'd like to point out that AP has come a heck of a long way in the past 10 years. The renewal is accelerating. My partner and I bought a small one bedroom condo two blocks from the beach in Oct of 2010. Although it was 250K and over our budget, we felt we were getting value for money from the developer. Hardwood floors, stainless appliances, marble bath, subway tile backsplash and shower and even a tiny ocean view. Mark says there are other very nice places at the Jersey Shore and I will agree 100%. BUT, we looked all over and even in Rehoboth Beach De. and nowhere could we get an 820 Sq. Ft gut renovated condo with private outdoor space only two short blocks to the beach for 250K. Taxes of 4K per year.
In the short ime we have been there, there have been three or four outstanding restaurants that have opened, an expanding independant film venue, an entire row of new stores on Cookman that were rented before they were done construction and now Adriatic restaurant in North Beach has just been bought by the owner of Langosta lounge. The city also will host two major music fesivals this year and the theater scene continues to thrive. If we did not have to work in Manhattan, we'd sell our 1400 sq. ft Jersey City condo and move to AP in a hearbeat. Our long term plan is to do exacly that.
0 votes Thank Flag Link Tue Jan 24, 2012
I've been in Asbury for over 10 years - and having moved here from New York City - I have never felt safer or more at home. Asbury Park, like any other community, has it pluses and minuses. And the community has definately been through some pretty rough times. However, it's been an amazing experience to see the community pull together, grow and develop into a healthy, positive and significant entertainment and economic player on the Jersey Shore. I think that's what I like best about living here, is the feeling we all have of being actively involved in making our little corner of the world - a better place for all of us!
0 votes Thank Flag Link Wed Feb 24, 2010
It's yet to be seen. I see a lot of building going on, but no real change in the quality of life. I been following Asbury Park and doing business there since 2002. Yet with that being said there is a charm about Asbury and there are nice nieghborhoods. I do think in the future Asbury Park will be a very safe place because the people who have invested there will demand it.
Web Reference: http://yourhomewillsell.net
0 votes Thank Flag Link Wed Mar 12, 2008
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