Here is a look at the Atlantic County real estate market. We will break out single family homes, condos and take a look at adult communities.
For single family homes, New listing were up in December, closed sales were up and median sales price was up by 22.6% to $225,000. Inventory was down by 4.7%.
For condos and townhomes new listings were up 40% and median sales price was up 31.8%. Inventory went up 10%. Recent changes allowing FHA spot approvals should open up more financing options for condo buyers and also help contribute to increased condo prices.
For adult communities new listings rose by 42.9%. Days on market dropped by 60% to just 33 days on market. Median sales price decreased by 21% for the month. In general the adult community home prices do mirror the rest of the market so a few lower priced homes sales may have led to the drop in prices for the month.
If you’re thinking about buying or selling a home please contact us for a complimentary Pin Point Price Analysis and Room By Room Review.
Here is a list of FHA approved condominiums in Atlantic County, NJ
Here is a list of FHA approved condominiums in Atlantic County, NJ. Based on findings at HUD.gov. Financing for condos with an FHA loan can be challenge. Under the revised guidelines – which took effect Oct. 15, 2019 – an individual condo unit in a building of 10 units or more may be eligible for spot approval if no more than 10% of the units are FHA-insured. So even if a condo is not on the FHA approved list it may still be eligible for FHA financing.
If FHA financing is not an option there are other choices include USDA loan (100% financing), and some banks do offer a 3% conventional loan. Contact us if you’re interested in financing a condo purchase.
10 N ADAMS AVE
MARGATE, NJ 08402
THE FOUR SEASONS CONDO
NORTHFIELD, NJ 08225
THE MEADOWS AT HAMMONTON
HAMMONTON, NJ 08037
THE VILLAGE AT LINWOOD
550 CENTRAL AVE
LINWOOD, NJ 08221
824 MARSHALL CT
VENTNOR, NJ 08406
These condos are approved for as low as 3.5% down payment FHA home loans.
UPDATE: 2/21/2020. We just sold a lovely 2 bedroom condo in Society Hill II in Galloway Township and the sale was approved via FHA with a spot approval.
Consider Woods Landing active adult community in Mays Landing.
We’ve just contracted with Fernmoor Homes to sell their fabulous 55+ active adult community called Woods Landing. This community is located in Mays Landing in Atlantic County, NJ. Home prices start at just $244,900. Homes range from 1,500 square feet to 1,875 square feet. All homes feature 2 car garages, walk up attics and upgraded interiors. 2 homes are available for immediate occupancy. Click here to learn more about Woods Landing homes or contact us for a tour.
Recent sale in Egg Harbor Township went under contract in 7 days $7,000 over asking price.
It’s a great time to sell a home and I want to share a story about Jim and Lori who were able to sell their Egg Harbor Township home quickly and for top dollar. The biggest factors in selling any home are price and condition.
Jim and Lori had a home inspection done before listing their property so they didn’t have any surprises. They fixed most of the items that came in the inspection report before listing the house to ensure a smooth sale. They also priced the house right. The result of this was 9 showings and under contract in 7 days. The home sold in just 42 days and sold for $7,000 over the asking price.
If you’re interested in selling your home and want top dollar and a quick sale contact me for a free consultation.
Recently I’ve had several sales in Mays Landing. I’d like to take a moment to share 3 reasons Mays Landing is a great place to live. I’d also like to highlight three great communities I’ve recently had sales in.
Mays Landing is located just West of Atlantic City. It’s about 20 minutes drive to Atlantic City. An hour to Philadelphia and 2 hours to New York. Mays Landing is also the regional shopping hub. Home of Hamilton Mall and major retailers like Macys, Khols, Target, Wal Mart, Hobby Lobby, Home Goods, Bed Bath And Beyond, Best Buy and more. Mays Landing also is home to many national restaurants such as Longhorn Steakhouse, Buffalo Wild Wings, Olive Garden, Red Lobster, Famous Dave’s, Red Robin, Moe’s, Outback, Chipotle and more. It’s convenient location makes it a great place to live and have easy access to shopping and activities.
Two of our recent sales in Mays Landing.
Low Tax Rate
Mays Landing has one of the lowest tax rates in Atlantic County. Their municipal Tax Rate is 0.882 making it one of the lowest municipal tax rates. Many Mays Landing Homes have taxes under $5,000 per year.
Low Home Prices
Mays Landing also has reasonable home prices. I’ll give you a few examples. I recently sold a fantastic 4 bedroom, 3.5 bathroom home in Victoria Pointe for $245,000. I also sold a beautiful home in a 55 and over community called Tavistock. The home was 2 bedrooms, 2 baths and sold for $187,000. And even if you’re looking for something on a lower budget I sold a 3 bed, 2 bath manufactured home at The Fairways for $70,000. Also if you’re looking for a new home Artists Walk has homes starting in the low $200,000 range.
Mays Landing has a great location, reasonable home prices and low taxes. If you’re looking for a home consider Mays Landing. There are a variety of communities to fit your needs. Contact us for a consultation to see if Mays Landing would be a good fit for you.
There's Plenty To Do And See In South Jersey This Fall.
I love summer in South Jersey. Year round this is a great place to live and visit. As the weather is finally starting to feel like Fall here are 5 sensational things to do in South Jersey This Fall.
Visit The Beach And Boardwalks
The beaches are beautiful this time of year and less crowded. It’s easier to find parking and it’s often free this time of year. Many of the boardwalks still have shops and restaurants open during the Fall on weekends. For Ocean City visit Jilly’s Arcade open year round.
Ride A Bike
Fall is a fantastic time for bike riding. My favorite place is the Atlantic County Bike Path. The Atlantic County Park System maintains the 7.56 mile bike and pedestrian path running between Harbor Square (formerly Shore Mall) in Egg Harbor Township and the Atlantic County Institute of Technology in Hamilton Township. This path is a safe fun way to get some exercise and enjoy the outdoors. There are also several other municipal bike paths and county and state parks that operate bike trails.
Visit A Farm
This is the garden state and Fall is a great time to visit some of the amazing farms in South Jersey. Many farms have Fall activities and events. Sahl’s Father Son Farms operates a family friendly corn maze in the Fall from now until October 26th in Galloway Township. They have hay rides, pumpkin patch and more. To meet some amazing animals visit the Funny Farm Animal Rescue in Mays Landing.
Visit The Cranberry Bogs
This is a totally unique thing to South Jersey. If you haven’t seen it you’ll definitely want to check it out. Check out JJ White and Pine Barren Native Fruits in Browns Mills. This week they are starting harvest across the cranberry bogs. Schedule a tour or visit Whitesbog to see some of the harvest. Then stop by JJ White Farm at 1 Pasadena to purchase some fresh cranberries, jellies, jams, salad dressing and salsa (awesome) directly from the farmer.
This is a great time of year to watch the birds fly South for the winter. There are some great places to drive to and see birds and wildlife up close. The Edwin B Forsythe National Wildlife Refuge in Galloway Township is a fantastic spot to drive out onto the marshes. Also Cape May Point State Park is fantastic this time of year.
What do you like to do in South Jersey in the Fall. Comment and let us know your thoughts.
Brigantine NJ is not the most well knows shore town in NJ. That’s part of the charm of Brigantine. Here are 5 Reasons to love Brigantine NJ.
Number 1: The Beaches
Brigantine Beaches are beautiful, not packed, and easy to get in and out of. Brigantine also has one of the few beaches in NJ that allow 4 x 4 access to sections of the beach. Personally I spent a lot of time there one summer playing beach volleyball with the Brigantine Beach Volleyball Association.
Number 2: Location
Brigantine is located just North of Atlantic City. It’s easy to access Brigantine from Route 30 and the Atlantic City Expressway and garden state parkway. Once in Brigantine there it is a peaceful and fun retreat.
Number 3: Boating
Brigantine offers many amenities for boating lovers. Many of the homes are on the bay or cove that allows boat slips. This gives you easy access to the bay and ocean. Enjoy fishing, crabbing or relaxing on the water. Jet skiing is also popular in Brigantine. Or enjoy kayaking or paddle boarding.
Number 4: Affordability
Brigantine home prices are typically lower than some of the other shore towns. You can purchase a 3 bedroom 2 bath home in the $300,000 price range. Waterfront homes start in the $400,000 range.
Brigantine Beach has much to offer for a year round residence, vacation home or investment. We have an office located in Brigantine to help with any real estate needs there. Contact us and we’d be glad to help. Call 609-484-0890 ext. 132.
Tavistock is a fantastic 55+ community in Mays Landing NJ in Atlantic County. The community is just off of Route 40 and about 10 minute from the regional shopping area. Tavistock homes were built in the early to mid 2000s however the builder went belly up and never finished the final layer of pavement on the streets. The streets were left incomplete until just recently.
Tavistock is one of the best values for 55+ homes. The homes range from $150,000-$250,000 and have taxes around $5,000 per year and a low home owners association fee of $135.00 per month. There are twin homes and detached single family homes for sale. Tavistock has a lovely club house and no pool. The lack of the pool helps the community keep their association fee low. Now with the newly paved road it makes it a great time to buy and sell in Tavistock.
To learn more about Tavistock. Please contact us below.
Businesses closing, opening and moving in Atlantic County, NJ
You may have noticed an increase in commercial real estate activity recently. New businesses are opening, and moving to larger locations. In this post I’m going to focus in on a few moves.
The Black Horse Pike area of Egg Harbor Township and Mays Landing has seen many new activities. New businesses have moved into the Wal Mart shopping center in Egg Harbor Township. Along the English Creek area a new Dunkin Donuts drive through opened and Mavis Discount Tire. In Mays Landing a new strip mall center opened with a new Starbucks drive through and Sleep Number Store. Across the street from that is the new Outback Steak House.
Earlier this month JC Penny Officially closed it’s doors at the Hamilton Mall location in Mays Landing. This leaves the mall without two anchor stores. Sears also closed last year. Burlington Coat Factory is moving its location from Harbor Square in Egg Harbor Township to Consumer Square in Mays Landing.
One of my favorite restaurants Nizam’s also moved it’s location recently to a larger and nicer location in front of Harbor Square. If you are a business owner there are many opportunities in Atlantic County to start and grow a business here. Contact us for a no obligation consultation.
Some of the best golf courses in South Jersey Are Located In Atlantic County, NJ
South Jersey is famous for it’s fabulous beaches yet one thing you may now know is that this area is also a great for golf. Right now the Shoprite LPGA classic is taking place in Galloway at Seaview Country Club. This tournament brings the top women golfers to this beautiful bay front golf course.
There are also other fantastic bay front golf courses like the Atlantic City Country Club in Northfield and Linwood Country Club offering incredible views. Just outside of Ocean City in Somers Point there is Great Bay Country Club.
If your not a golfer you can learn from professional instructors at the courses. Our personal favorite is New Jersey Golf Academy. So for great golf consider Atlantic County in South Jersey. And if you’ve ever dreamed of living on the Golf Course we have several great golf communities like Blue Heron Pines, Harbor Pines and The Fairways. Contact us for more details.