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How is the Jersey Shore Real Estate Market this Summer of 2014?
Jersey Shore Real Estate Market Update August 2014
By Ian Lazarus
How is the Real Estate Market?  It is a good time to buy and an even better time to sell!  Predicting the real estate market is just like predicting anything else, it is best to look at its history .
So I went into my home office and checked out the local sales data from the past 15 years.  I looked at sold and new listing information (to see what the supply and demand) in Cape May County. Then I identified a few of the monumental mania and crisis points by date to the last real estate cycle of 1983-1998.

The top of the last real estate market (December 2004-December 2006, depending the town.) was the period that started the rollover and decline. Inventory was high and was also priced very high.  As a result, the buyer’s stopped buying at these over extended prices.
The steady decline of “sold properties” and prices took place in the years 2007-2010. The crisis point was when the investment banking debacle and the mortgage industry problems collided. With many properties having values below mortgage principle balances this was putting stress on the banks when it came to ... more

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