Market Report Q1 2018 - In & Around the Jersey Shore

MARKET REPORT IN & AROUND THE JERSEY SHORE

one quarter

2 0 1 8

JAN-MAR 2018

ASBURY PARK AVON-BY-THE-SEA BAY HEAD BELMAR BRADLEY BEACH BRICK BRIELLE INTERLAKEN LAKE COMO

LONG BRAN

MANA

M

“How’s the Market?”

Jersey Shore Market Update for 2018 Quarter One

NCH

ASQUAN

MANTOLOKING NEPTUNE CITY NEPTUNE TOWNSHIP OCEAN GROVE OCEAN TOWNSHIP POINT PLEASANT POINT PLEASANT BEACH SEA GIRT SPRING LAKE SPRING LAKE HEIGHTS TOMS RIVER WALL TOWNSHIP WEST LONG BRANCH

at a glance ASBURY PARK | Q1

16

ON THE MARKET

20

$337,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $450,000

30

$400,000 25

$350,000 $300,000

20

$250,000 15 $200,000

$150,000

10

$100,000 5 $50,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

asbury park | wardwight.com

2018

0

at a glance AVON-BY-THE-SEA | Q1

15

ON THE MARKET

8

$1,349,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 7

$1,800,000 $1,600,000

6

$1,400,000 5 $1,200,000 $1,000,000

4

$800,000

3

$600,000 2 $400,000 1

$200,000 $0

2015

2016

2017

Total Units Sold

Median Selling Price

2018

0

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | avon-by-the-sea

at a glance BAY HEAD | Q1

21

ON THE MARKET

6

$1,995,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $1,400,000

6

$1,200,000

5

$1,000,000 4 $800,000 3 $600,000

2 $400,000 1

$200,000

$0

2015

2016

2017

Total Units Sold

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

bay head | wardwight.com

2018

0

at a glance BELMAR | Q1

26

ON THE MARKET

18

$1,042,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $800,000

16

$700,000

14

$600,000

12

$500,000

10

$400,000

8

$300,000

6

$200,000

4

$100,000

2

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | belmar

at a glance BRADLEY BEACH | Q1

23

ON THE MARKET

6

$776,800

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 12

$800,000 $700,000

10

$600,000 8

$500,000

6

$400,000 $300,000

4

$200,000 2

$100,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

bradley beach | wardwight.com

2018

0

at a glance BRICK | Q1

394

ON THE MARKET

203

$350,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 200

$300,000

180 $250,000

160 140

$200,000

120 100

$150,000

80

$100,000

60 40

$50,000

20 $0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | brick

at a glance BRIELLE | Q1

29

ON THE MARKET

16

$875,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $800,000

18

$700,000

16

14

$600,000

12

$500,000

10 $400,000 8 $300,000

6

$200,000

4

$100,000 $0

2

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

brielle | wardwight.com

2018

0

at a glance INTERLAKEN | Q1

3

ON THE MARKET

5

$1,750,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $1,000,000

6

$900,000 5

$800,000 $700,000

4

$600,000 $500,000

3

$400,000

2

$300,000 $200,000

1

$100,000 $0

2015

2016

2017

Total Units Sold

Median Selling Price

2018

0

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | interlaken

at a glance LAKE COMO | Q1

13

ON THE MARKET

9

$465,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $450,000

12

$400,000 10

$350,000 $300,000

8

$250,000 6 $200,000

$150,000

4

$100,000 2 $50,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

lake como | wardwight.com

2018

0

at a glance LONG BRANCH| Q1

57

ON THE MARKET

31

$549,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $400,000

40

$350,000

35

$300,000

30

$250,000

25

$200,000

20

$150,000

15

$100,000

10

$50,000

5

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | long branch

at a glance MANASQUAN | Q1

25

ON THE MARKET

22

$855,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 25

$800,000 $700,000

20 $600,000 $500,000

15

$400,000 10

$300,000 $200,000

5 $100,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

manasquan | wardwight.com

2018

0

at a glance MANTOLOKING | Q1

16

ON THE MARKET

6

$4,650,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $3,000,000

6

$2,500,000

5

$2,000,000

4

$1,500,000

3

$1,000,000

2

$500,000

1

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | mantoloking

at a glance NEPTUNE CITY | Q1

17

ON THE MARKET

5

$339,900

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 14

$300,000

12

$250,000

10 $200,000 8 $150,000 6

$100,000 4 $50,000

$0

2

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

neptune city | wardwight.com

2018

0

at a glance NEPTUNE TOWNSHIP | Q1

93

ON THE MARKET

85

$335,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 100

$300,000

90 $250,000

80 70

$200,000

60 50

$150,000

40

$100,000

30 20

$50,000

10 $0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | neptune township

at a glance OCEAN GROVE (NEPTUNE) | Q1

29

12

ON THE MARKET

$849,900

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

as of 04/13/2018

as of 04/13/2018

Median Selling Price vs. Total Units Sold $600,000

14

12

$500,000

10 $400,000 8 $300,000 6 $200,000 4

$100,000

$0

2

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

ocean grove | wardwight.com

2018

0

at a glance OCEAN TOWNSHIP | Q1

63

59

ON THE MARKET

$649,000

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

as of 04/13/2018

as of 04/13/2018

Median Selling Price vs. Total Units Sold $500,000

60

$450,000 50

$400,000 $350,000

40

$300,000 $250,000

30

$200,000

20

$150,000 $100,000

10

$50,000 $0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | ocean township

at a glance POINT PLEASANT | Q1

91

41

ON THE MARKET

$599,900

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

as of 04/13/2018

as of 04/13/2018

Median Selling Price vs. Total Units Sold 70

$450,000 $400,000

60

$350,000 50 $300,000 $250,000

40

$200,000

30

$150,000 20 $100,000 10

$50,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

point pleasant | wardwight.com

2018

0

at a glance POINT PLEASANT BEACH | Q1

47

21

ON THE MARKET

$769,900

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

as of 04/13/2018

as of 04/13/2018

Median Selling Price vs. Total Units Sold $600,000

16 14

$500,000

12 $400,000

10

$300,000

8 6

$200,000

4 $100,000

$0

2

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | point pleasant beach

at a glance SEA GIRT | Q1

15

ON THE MARKET

15

$2,695,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 14

$3,000,000

12

$2,500,000

10 $2,000,000 8 $1,500,000 6

$1,000,000 4 $500,000

$0

2

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

sea girt | wardwight.com

2018

0

at a glance SPRING LAKE | Q1

42

ON THE MARKET

11

$2,289,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $2,500,000

25

$2,000,000

20

$1,500,000

15

$1,000,000

10

5

$500,000

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | spring lake

at a glance SPRING LAKE HEIGHTS | Q1

13

ON THE MARKET

10

$525,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 14

$600,000

12

$500,000

10 $400,000 8 $300,000 6

$200,000 4 $100,000

$0

2

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

spring lake heights | wardwight.com

2018

0

at a glance TOMS RIVER | Q1

600

ON THE MARKET

290

$429,129

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $350,000

300

$300,000

250

$250,000 200 $200,000 150 $150,000

100 $100,000 50

$50,000

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | toms river

at a glance WALL TOWNSHIP | Q1

94

ON THE MARKET

67

$579,900

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 70

$600,000

60

$500,000

50 $400,000 40 $300,000 30

$200,000 20 $100,000

$0

10

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wall township | wardwight.com

2018

0

at a glance WEST LONG BRANCH | Q1

26

ON THE MARKET

25

$499,000

as of 04/13/2018

as of 04/13/2018

UNDER CONTRACT

as of 04/13/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $700,000

25

$600,000

20 $500,000 15

$400,000

$300,000

10

$200,000 5 $100,000

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-3/31/2018 Closed

wardwight.com | west long branch

OUR REACH IS GLOBAL OUR EXPERTISE IS LOCAL.

wardwight.com BELMAR 732.681.0027

MANASQUAN 732.223.2266

SEA GIRT 732.449.5959

SPRING LAKE 732.449.3322