When people ask me, “How’s the (real estate) market?”, I always tell them that all real estate is LOCAL. When you read about “real estate” in the national newspapers you get an idea about what’s happening nationwide, but you don’t get any information about YOUR town.
If you’ve been wondering how Rumson-Fair Haven real estate has been doing compared to other area towns, here’s a list that I’ve compiled by looking at the 9 month year-to-date real estate statistics for 21 Monmouth County towns. Sea Bright real estate isn’t included because super storm Sandy hit the town hard, and there were only two (2) homes sold in 2013. Atlantic Highlands real estate gets the prize for having the greatest percentage median price increase (34%) compared to last year, followed by West Long Branch (+16%) and then Little Silver and Long Branch real estate at +15%. Monmouth Beach real estate suffered the biggest decline (-26%), reflecting the devastation from Sandy.
Here’s the list:
|Median Price||% Change vs. 2012|
|West Long Branch||$367,500||16%|
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