The chart on the left shows that list prices (in blue) and sold prices leveled out in 2005 and have not increased much. It would appear that prices have not declined however this is not accurate and does not take into consideration new homes construction and other factors that skew the average sale price.
The second Chart shows the number of homes listed and sold since 2000 in Brigantine, NJ. As you can see inventory remains nearly double what it was from 2000 to 2003 while the number of sold homes has dropped dramatically.
If you are a home buyer or seller in the Brigantine market please contact me. When we work with our buyer clients we consult with them before making an offer and analyze each specific home to determine a negotiation strategy and purchase the home at the best price. For our seller clients we also consult to determine the best staging, marketing and pricing strategy. Please let me know if you have any questions.
Best wishes,
Matt
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