Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Market Conditions in Brigantine : Real Estate Advice

  • All75
  • Local Info7
  • Home Buying26
  • Home Selling3
  • Market Conditions8

Activity 11
Wed Aug 28, 2013
Ada Krebs answered:
Brigantine is only 6.387 Square Miles.

This property is located on the southend of the island with easy beach access about 1 block away.

However, you have another block worth of dunes to navigate before you reach the water.

Good Luck with your search.

Cordially,

Ada Krebs
Sr. Sales Associate
Prudential Fox & Roach
3620 Atlantic Brigantine Blvd.
Brigantine, NJ 08203
609-517-8700 cell
609-264-8444 office
adakrebs@yahoo.com - e-mail
... more
0 votes 2 answers Share Flag
Sat May 25, 2013
Ada Krebs answered:
If you are refering to mold testing - Call JFM Inspections Mike 856-2560412 or Peace of Mind Home Inspections Ed 609-432-4329 Good Luck
0 votes 2 answers Share Flag
Tue Mar 26, 2013
Dennis Allen answered:
Current tax rates are 1.880 for Ventnor, 0.783 for Ocean City and 1.203 for Brigantine. Taxes are based on property assessments. New tax rates come out in July.

Dennis Allen
Ashore Realty Inc
(609) 266-2911
www.ShoreHomes.com
... more
0 votes 1 answer Share Flag
Mon Jan 21, 2013
Diane Glander answered:
You can bring in a good remediation company to check for you. They go into crawl spaces, basements, attics, etc and know what to look for. They also bring in moisture reading tools that can tell right away if things are wet (even behind walls.)
Don't just count on a home inspector. Most are not trained to look thoroughly enough.
Also, ask for reports from the homesellers for any remediation work they had done. They will have to disclose that information to you. Not all remediation companies are doing the job correctly.
... more
0 votes 3 answers Share Flag
Tue Jul 26, 2011
Reguy answered:
I have been watching Brigantine since 2004 , am soo glad the seller rejected my offer. Since then the U S economy has tanked and RE is still in free fall,vacation homes hit real hard. Jay Lamont, " All About Real Estate", told me in 2009 that Brigantine should bottom summer / fall 2010. He cited the 12000 lost casino jobs ,and some over building,,,but with all due respect I believe he was early in his prediction. Note that the Trump Marina just sold for @ $ 32 million,down from the asking price of $320 million only three years ago. Brigantine an AC / casino bedroom community has been hit especially hard. Check the listings about 670 properties always for sale and in April they sold less than 20 , thats a 3 year supply of inventory.Check the listings that now saw 'subject to third party approval" thats a short sale,and the REO is just hitting the market. Brigantine is a great little town, but will probably not bottom for another 2 or 3 years if ever...keep your eye on it ,,its a nice little (overpriced) island !! ... more
0 votes 14 answers Share Flag
Thu Jun 10, 2010
Angela Reynolds answered:
James-
There are actually a fair number of homes in the the $350,000 price range - some smaller, older homes in the 100/200 block - walking distance to the beach and some larger homes back in the golf course area. For a summer rental walking distance to the beach for a 2 bedroom cottage style home, you are in the neighborhood of $1000-$1200 per week. Most golf course homes are used as yearly rentals and your monthly rental rates for a 3 bedroom home in the golf course area would be $1300-$1600 range.
Please feel free to contact me with any questions.

Angela Reynolds
Prudential Fox & Roach
609-517-3908
... more
0 votes 2 answers Share Flag
Thu Jun 10, 2010
Angela Reynolds answered:
Marti-
After handling summer rentals for numerous years, I have definitly seen a change in this year's market. I've experienced a slower start as well as many potential tenants looking to rent only partial weeks. I attribute this to the state of the economy and the probability that renters can not afford to take a full week off from work as well as not being able to afford the costs accrued for an entire week's vacation. Using a professional is always a wise move, as your property will receive the maximum exposure. Today's buyers/renteers are extremely tech savvy and many of them do their research on-line on sites such as VRBO.com. If you should have any additional questions, please don't hesitate to contact me.
Angela Reynolds
Cell 609-517-3908
... more
0 votes 3 answers Share Flag
Tue Feb 26, 2008
Matthew & Richard Haviland answered:
Mike,

There are 40,000 more jobs coming, (not including what happens with Bader Field) and there will need to be considerably more housing. We do not have a high unemployment rate in Atlantic County so these employees will have to come from out of the area.

If these 40,000 people only need 15,000 housing units over a three year period, that’s an additional 5,000 sales per year. That’s 10,000 more closed units per year. This is HUGE!

After that boom we will be looking at an increased resident population and if we assume that people move every 7 years this would equate to an additional 2,142 resales per year. That’s 4,284 additional units per year in the future, after the rush.

Now will this spark up Brigantine Market? I'm optimistic that it will but not as much as the mainland. It will definitely spark up the mainland market where the majority of the new workers will be living and purchasing homes because it will still be more affordable than Brigantine and you can get more house for the money.

In my opinion this is not the bottom but hopefully we are getting closer. And Brigantine will take longer to hit the bottom than the mainland.

Best wishes,

Matt
... more
1 vote 3 answers Share Flag
Mon Feb 4, 2008
Mary Ann Jarvis answered:
Hello Kevin:
Oceanfront condos generally start at about $750.00 a week for a studio at the Islander or Beach Club type of building, 1 bedrooms $1,000, 2 bed $1,200 and 3 bedrooms $1500 and up. These are July and August rates ,we call peak season rates. The closer to the ocean, the better the rental. The bayberry is more of a year round rental or a vacation home. People request "walk to the beach" location and some prefer the North end because the beaches are easily accessed as opposed to the South end where the dunes make it a bit of a hike to the beach. Please feel free to contact me if you should need any other assistance.

Best Regards,

Mary Ann
... more
0 votes 1 answer Share Flag
Thu Jan 31, 2008
Matthew & Richard Haviland answered:
Dear Will,

I have done research on the Brigantine market and have tracked the number of sales since 2000. Please see the article and charts on my blog. To answer your questions specifically, there may be some investors who will drop their prices. I don't know if that will happen within a specific time frame or not. In this buyers market 80% of the homes are "out of the market" based on their price and condition and 20% or less are "in the market." So you are correct in thinking that most sellers are unwilling to budge at this point. However there are a small percentage of sellers who are priced well and willing to negotiate. Hope that helps.

Best wishes,

Matt
... more
0 votes 2 answers Share Flag
Tue Dec 18, 2007
Matthew & Richard Haviland answered:
I took a look at what was going on in the Brigantine market and created these two charts to visually show what has been going on from 2000 to 2007. The charts show list price and sold price and listings and sold homes.

Please click on the link to my blog below to view the charts and analysis.
... more
1 vote 3 answers Share Flag
Search Advice
Search
Market Conditions in Brigantine Zip Codes

Followers

268