Home > Blogs > Laura Giannotta > Jersey Shore Views...

Increasing Little Egg Harbor Home Prices-You're Kidding Right?

By Laura Giannotta

Real Estate Agent with Keller Williams Realty - Atlantic Shore

March 11, 2011 10:06 PM

Some interesting news from the Little Egg Harbor homes for sale report this morning. There were 6 Little Egg Harbor homes for sale that had price changes. That's not new in intself, but three of those Little Egg Harbor homes for sale actually upped the asking price!

While I'd say the prices of homes sold in Little Egg Harbor seem to be stabilizing, I certainly don't see any reasons for increasing the asking price. None of these homes is listed as a short sale, so it's not a matter of a third party calling the shots.

Two of the homes are Little Egg Harbor waterfront homes. Perhaps the owners don't feel the need to sell, or believe a buyer's agent representing vacation home purchasers won't look at the listing history.

I, for one, have a lot of questions about the price increases. Can you tell me about all the improvements you've made since listing the property to justify a price increase.

If you need an Accredited Buyers Representative in Little Egg Harbor to do the research and ask the tough questions, contact Little Egg Harbor REALTOR® Laura Giannotta.

Welcome to the Jersey Shore

Laura Giannotta
Little Egg Harbor REALTOR® at the Jersey Shore!

Click on any of the links below to:
Search the Jersey Shore MLS
View Daily Little Egg Harbor Housing Market Info
Find out about buying or selling a home at the Jersey Shore
Contact a Little Egg Harbor REALTOR®

Re-Blog

Comments(14)

Comment

Show All Comments

Sort:

TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

Home Inspectons - Nashville, TN area - 615.661.029

Good morning, Laura. I think you are right. Wait for the market to stabilize before doing anything to upset the apple cart...

Mar 11, 2011 10:26 PM

Brin Realty Associates Team At Bean Group

Bean Group | Brin Realty Associates - Amherst, NH

Amherst NH homes and Southern NH real estate

I have seen some sellers drop prices to under market, realize it hasn't made a difference so go back up to where the market value is...Could that be the case Laura?

Mar 11, 2011 10:33 PM

Laura Giannotta

Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ

Your Realtor Down the Shore!

Michael-I couldn't agree more.

Rene-I don't think that's the case here, I think they were above market value to begin with, and seller's think that homes are worth more as the summer approaches!

Mar 11, 2011 10:36 PM

Carol Zingone

Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL

Global Realtor in Jax Beach, FL - ABR, CRS, CIPS

Laura - increasing prices is ALWAYS good to hear! Well, except for those buyers still waiting for the "bottom" that is!

Mar 11, 2011 10:44 PM

Amy Hahn

Pine Knoll Shores Realty - Morehead City, NC

Realtor/Broker - Crystal Coast, NC

I am with you...Unless there have been some major improvements, I don't understand. Things that make you go.... Hmmmm?

Mar 11, 2011 11:03 PM

Steve Loynd

Alpine Lakes Real Estate Inc., - Lincoln, NH

800-926-5653, White Mountains NH

Laura, It sounds like the folks waiting for the prices to bottom out in your market, have already missed the boat. But buying now means you can ride the values up.

Mar 11, 2011 11:50 PM

Carol & Steve-The problem is that sold prices haven't gone up! And increasing the price of a home that's been on the market with no takers makes no sense to me!

Amy-That was something this morn ing that made me go...hmm too! ;}

Mar 12, 2011 12:51 AM

Roy Kelley

Retired - Gaithersburg, MD

Good post. We expect to see some prices raised in Maryland as the inventory decreases. Purchasers that defer their decisions will face higher prices and higher interest rates.

Life is better when there are flowers to photograph!

Mar 12, 2011 01:08 AM

Roy-I think now is a great time (do I sound like an NAR commercial??)!

Mar 12, 2011 01:19 AM

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

Laura...I have seen I am seeing more multiples and with that a few raising the price. Not a lot, but a percent or two.

Mar 12, 2011 01:46 AM

Sally K. & David L. Hanson

EXP Realty 414-525-0563 - Brookfield, WI

WI Real Estate Agents - Luxury - Divorce

Well....that is a different marketing plan....must be they added 2 bedrooms, an updated bath and new kitchen hmmmm ?

Mar 12, 2011 02:09 AM

William-I wonder if now is the time to do that??

Hanson's-You'd think that would be reflected in the MLS comments!!! HMMMM!

Mar 12, 2011 02:31 AM

Arleen Montford

KELLER WILLIAMS REALTY GULF COAST - Pace, FL

Selling NW Florida Homes in Pace/Milton/Pensacola FL

Hi Laura, I hope that prices are on the raise here too.

Mar 12, 2011 10:43 AM

Increasing Little Egg Harbor Home Prices-You're Kidding Right?

Comments(14)

Laura Giannotta

Service Areas

Real Estate Resources

Recent Posts

Additional Information