If you are looking for distressed homes from Sandy, there aren't many in Ocean Grove. But, if you go a few miles south to Belmar or Manasquan, even Pt. Pleasant, there are plenty.
The problem is that the builders are buying these as fast as they hit the market. And some never make the market. I may have one coming on in Avon.
If you reach out to me via Trulia or my website below, I'd be happy to help you further. You may not want to buy in a flood zone. Lots to consider. Hope to hear from you again. We get many people in Southern Monmouth County coming from Chester!