manahawkin real estate agent: Manahawkin House Prices Up Over 12% - 02/01/21 06:28 AM
Reduced inventory coupled with high demand has sent home prices up in Manahawkin
Manahawkin Real Estate Market Update:
Median list price and median sale price are both up. The total number of homes sold over the last year is up while pending homes sold (yet to close) is unchanged in comparison to 2019. Reminder: over 550 Stafford Twp homes have sold in the last 12 months!
What’s Your Manahawkin Home Worth? Get a FREE, Instant Valuation!
Manahawkin Real Estate Activity: (compared to 2019)
Median List Price: Up 9.40% Median Sale Price: Up 12.28% Median Days on Market: 24 (# of days on market before property … (1 comments)

manahawkin real estate agent: Buying a Home in Manahawkin - 04/18/19 06:21 AM

For many prospective home buyers in Manahawkin, the down payment is the most daunting hurdle in the race to buy a home. Even for people with decent credit and a healthy paycheck, the down payment can be the great homeownership killer.
See EVERY Home for Sale in Manahawkin
The big question for all prospective buyers is: how much should my down payment be? Most lenders will tell you that 20 percent is the standard, but is that really necessary?
The short answer is no, but of course there are some caveats.
"It's a myth that all homebuyers must have a 20 percent down payment to buy … (0 comments)

manahawkin real estate agent: Finding a Home Near the MATES School, Manahawkin - 04/02/19 10:36 AM

Did you know that one of the best high schools in the country is in Manahawkin?
The Marine Academy of Technology and Environmental Science (MATES) is a comprehensive, selective magnet public high school with a focus on marine and environmental science that is part of the Ocean County Vocational School District. The school is in the Manahawkin section of Stafford Township adjacent to Southern Regional School District and near the Ocean County College's Southern Education Center. As a public school, students attend the school at no charge. Prospective students must receive a recommendation from their school and must complete the application process … (0 comments)

manahawkin real estate agent: Buying a Home in Manahawkin - 03/18/19 05:00 PM

Finding the perfect Stafford Township Neighborhood
Location, location, location. Half of buying a home is finding where you want to live. You may have found your dream house, but it might not be in your dream location.
Here are the different neighborhoods in Stafford Township: Bay Side, Beach Haven West, Beach View, Bonnet Island, Cedar Bonnet Is, Cedar Run, Colony Lakes, East Point, Manahawkin, Mayetta, Ocean Acres, Village Harbor and Warren Grove. Which one is right for you?
See all Stafford Twp Homes for Sale
Here's how you can find the perfect neighborhood:
Check It Out Online
Look up what people are saying about the neighborhood … (0 comments)

manahawkin real estate agent: Know the Lingo of Home Buying in Manahawkin - 10/15/18 06:36 AM

Buying a home in Manahawkin can be puzzling if you don’t understand the lingo. Comprehending the jargon can make the search and transaction run a lot smoother.
Search for Manahawkin Homes for Sale
Here are some common real estate terms to know when getting ready to buy a home. For a more lighthearted look at real estate ad language, see What "As Is" and Other Real Estate Marketing Terms Really Mean. And for more obscure terminology, try searching Nolo's Legal Dictionary.
Some Highlights:
Buying a home in Manahawkin can be intimidating if you are not familiar with the terms used during the process. To start you on … (0 comments)

manahawkin real estate agent: Buyer’s Real Estate Market in Manahawkin? - 10/06/18 03:08 PM

Are we about to enter a buyer’s market in Manahawkin? Should you sell now?
Sale of Stafford Twp homes are slightly above last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?
What’s Your Manahawkin Home Worth? Get an instant, free valuation!
In Manahawkin, the absorption rate is still well below equilibrium at 4.75 months with the median sale price increasing by 3.85% over the same time last … (2 comments)

manahawkin real estate agent: Supply of Homes for Sale in Manahawkin Impacts Demand - 10/02/18 08:48 AM

Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product is desired by buyers. Supply represents how much the market can offer. 
In Stafford Twp (Manahawkin) the absorption rate is 4.75 months, well below the 6-7 months for a “neutral market.” Average days on market (the time it takes for a home to sell) is down by over 27%. Sale prices have increase by over 4% and should continue to rise.
What’s Your Manahawkin Home Worth? Get an instant, FREE valuation!
The price … (0 comments)

manahawkin real estate agent: Buying a Home and Manahawkin Schools - 08/16/18 10:50 AM

Some home-buyers are willing to forego some ‘must-haves’ in favor of a good school district, but you don’t have to Manahawkin. We have all you could ask for, including one of the best High Schools in the state – the Marine Academy of Technology and Environmental Science (MATES).
MATES is a specialized high school developed around the marine and environmental science theme. MATES is geared toward students who wish to concentrate their studies in the areas of math and science.
A rigorous academic course of study instructed at the honors level satisfies all of the state requirements necessary for high school graduation and beyond. Students that are eligible … (0 comments)

manahawkin real estate agent: Manahawkin Housing Market Starting to Stabilize - 08/12/18 10:45 AM

The Manahawkin real estate market is stabilizing as more houses are being offered for sale but it’s still a “seller’s market” indicated by an absorption rate below 6 months. As usual, supply and demand will determine future home values in Stafford Twp.
Active listings in Stafford Twp has increased by 14% as the absorption rate is at 5.29 months (The absorption rate is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the average number of sales per month by the total number of available homes).  Median … (0 comments)

manahawkin real estate agent: May and June Best Months to Sell Your Manahawkin Home - 05/15/18 05:59 AM

If you’re thinking of selling your Stafford Twp Home, May and June are the best months to put your house on the market.
May of 2017 saw $13.8 million worth of homes sold in Manahawkin. June of 2017, $14.5 million worth of homes sold.
The previous year, 2016, $7.3 million worth of homes sold in Stafford Twp. In June of 2016, it was 12.5 million dollars’ worth of homes sold.
So far this month (May 15, 2018), $5.2 million dollars’ worth of homes have sold… it could be much more, but there is a severe inventory shortage.
 What’s Your Manahawkin Home Worth?
According to a newly … (0 comments)

manahawkin real estate agent: Real Estate News March 2018 - 03/20/18 04:41 PM
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manahawkin real estate agent: Sell Your Manahawkin Home This Spring - 03/04/18 10:22 AM

4 Reasons to Sell Your Manahawkin Home This Spring. 
With the housing inventory so low in Manahawkin, now is a great time to put your home on the market. The absorption rate is 3.54 months – that’s well below the 6-month mark that indicates a seller’s market.
What’s Your Manahawkin Home Worth?
 
 
Some Highlights:
Buyer demand continues to outpace the supply of homes for sale in Manahawkin which means that buyers are often competing with one another for the few listings that are available! Manahawkin housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has … (0 comments)

manahawkin real estate agent: Are Manahawkin Home Values Over Inflated? - 03/02/18 07:55 AM

The average Manahawkin home sale price rose by over 9% in 2017, prompting some to question whether Manahawkin home values may be overinflated (median sales price rose by 5.94%). Let’s look at national trends to get an idea of how Manahawkin compares to the national market.
What’s Your Manahawkin Home Worth?
Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report:
“The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of year-over-year gains.”
Seventy-one consecutive months of price increases may have some … (1 comments)

manahawkin real estate agent: Manahawkin Housing Market Out of Balance - Pushing Prices Higher - 02/20/18 05:42 AM

The lack of housing inventory in Manahawkin is pushing prices even higher. 
In Manahawkin, the absorption rate is down to 3.45 months – anything less than 6 months is considered a “seller’s market.” Sold listings is down by over 30%, not because there’s a lack of demand, but because there’s a lack of supply; active listings are down by 10.6% and new listings (added in January) are down by 18.4%. That has resulted in an increase in home prices.
What’s Your Manahawkin Home Worth?
According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks … (0 comments)

manahawkin real estate agent: Sell Your Manahawkin Home Before the Spring - 02/13/18 05:14 AM

The rule of supply and demand is the #1 reason to sell your Manahawkin home now, before spring.
Supply and demand is one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product (in this case, houses) is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good … (0 comments)

manahawkin real estate agent: Reasons to Love Hiring Real Estate Pro Karl Hess - 02/10/18 11:30 AM

With so much information readily available online, clients sometimes wonder; "Why should we hire a real estate agent to buy or sell a home in Barnegat." I understand the mindset, and some folks do alright, many don't. So if you've wondered the same thing, here are 5 reasons why you might want to consider hiring a professional like Karl Hess
What’s Your Barnegat Home Worth?
Search for Homes in Ocean County
Highlights:
Hiring a real estate professional, like Karl Hess, to guide you through the process of buying a home or selling your house can be one of the best decisions you make!
They are there for … (0 comments)

manahawkin real estate agent: Manahawkin Housing Inventory Crunch Continues - 01/30/18 05:13 AM

U.S. and Manahawkin Housing Inventory Crunch Continues… List Your Stafford Township House Today!
Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.
Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!
At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
What's Your Manahawkin Home Worth?
In Manahawkin, total active listings are down 17.2%, available homes in Stafford Twp that listed for sale … (0 comments)

manahawkin real estate agent: Thinking of Selling Your Manahawkin Home? ACT NOW!! - 01/27/18 05:49 AM

It’s a seller’s market in Manahawkin; prices are up, inventory down. If you’re thinking of selling, you should consider acting NOW.
What’s Your Manahwkin Home Worth?
That’s an aggressive headline, right? However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR MANAHAWKIN HOME!
How did we finish 2017?
New-home sales were at their highest level in a decade. Sales of previously owned homes were at their highest level in more than a decade. Starts of single-family homes were their strongest in a decade and applications … (0 comments)

manahawkin real estate agent: Get a Professional on Your Manahawkin Home Buying Team - 01/24/18 04:41 AM

There are many reasons why you need a professional on your team when buying a home in Manahawkin
Search Homes in Manahawkin
Many people wonder whether they should hire a real estate professional to assist them in buying their dream home in Manahawkin or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional!
You Need an Expert Guide If You Are Traveling a Dangerous Path
The field of real estate is loaded with landmines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home … (0 comments)

manahawkin real estate agent: Manahawkin Housing Market Trends - End of Year 2017 - 01/23/18 05:48 AM

Manahawkin Housing Market Trends for the month of December and Year to Date, 2017. (See charts below)
Number of Listings Chart: The Number of Listings chart displays listings counts by status.
Manahawkin Active Listings: 149 total as of the end of December, up 0.7%, down 17.2% year to date Manahawkin New Listings: 36 for the month, up 16.1% for the month, down 11.2% year to date Manahawkin Sold Listings: 31 for the month, down 34.0% for the month, down 4.7% year to date. (Note: the main reason for the reduction of sold listings is a lack of available inventory) Explanation: Active listings: How many listings were for sale … (0 comments)

 
Karl Hess, on The Jersey Shore (Keller Williams Shore Properties)

Karl Hess

on The Jersey Shore

Barnegat, NJ

More about me…

Keller Williams Shore Properties

Address: Keller Williams Ocean County, Toms River, NJ, 08753

Office: 732.797.9001 ext 824

Mobile: 609.553.7926



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