Is it a Silver Lining or just plain old lighting ?

By
Real Estate Agent with Mezzina Real Estate & Insurance

The marketing report for September 2010 in zip code 08087, that's Tuckerton and Little Egg Harbor (Jersey Shore). Begs the question, "Is it a silver lining or just plain old lighting?" I have been looking for good news in the real estate market to report to all those home owners looking to selling their house here at the Jersey Shore. The market has followed not just the economy but the weather, too.

Blanked with snow this past winter it was hard to get buyers to come out and look. When they did they could not get in the front door because of the snow drifts. Then spring came and you could not catch a day you did not need the umbrella. Those few times I was able to show a house to a prospective buyer, I had to return to wipe up the rain water and mud they left at each house. And, summer was no cake walk either. The temperature was so hot the buyers stayed on the beach. No one wanted to see homes when the thermometer reaching into 90's. Cars were hot in minutes and homes that were vacant stifling.

So, when I saw that there was an increase in sales from August to September I got a little excited. See the numbers below:

   August 2010 Sales Data for 08087

   September Marketing Report for Little Egg Harbor and Tuckerton

I mean look at that jump of 10 more homes sold from the summer month of August to the cooler weather of September. And, the median price of homes is up! This is really exciting news.

But, then I look at the prior year and I start to wonder; is it a silver lining or was it just lighting? Take a look and give my your opinion. Is the real estate market improving or not?

     Tuckerton Sales Records from the Jersey Shore MLS - August 2009

   Little Egg Harbor Sales Records from the Jersey Shore MLS - August 2009

Do you see what I mean? Is it just too little information to come to a conclusion? You are a THINKING MAN!

Here is a graph of home sales from this year to the last year. Still can't see it? It's in the numbers my friend.

2009 and 2010 Sales Graph for Little Egg Harbor and Tuckerton

The NUMBERS, my friend, are 357 Homes SOLD this year compared to 259 Homes in the last period. You might have missed the bottom of the market! But, there are still plenty of bargains out there for you to buy.

 

Comments (3)

Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Greg, You can see the effect of the tax credit, then the corresponding expected drop.  Fantastic to see the pick up in the September sales, so hopefully things are looking up!  Looks like the rob Peter to pay Paul effect has finally worn off and motivated buyers are back out in the market!  YEAH!

Oct 17, 2010 12:51 PM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

Hey Greg, interesting.  

Oct 18, 2010 02:58 AM
Gregory Bain
Mezzina Real Estate & Insurance - Little Egg Harbor, NJ
For Homes on the Jersey Shore

Laura, I was surprised by the actual count. As for me, I'm hurting. Hope you have seen more of the increased 100 sales than I have.

Bill, I was against the Tax Credit program and like my idea of a stimulus much better.

Oct 18, 2010 07:51 AM