Jersey Shore Market Report | Q2 2018

MARKET REPORT IN & AROUND THE JERSEY SHORE

two QUARTER

2 0 1 8

APR-JUN 2018

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

LONG BRA

MAN

“How’s the Market?”

Jersey Shore Market Update for 2018 Quarter Two

ANCH

NASQUAN 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 | Q2

32

ON THE MARKET

15

$380,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

60

$350,000 50 $300,000 40 $250,000 $200,000

30

$150,000 20

$100,000 10 $50,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

asbury park | wardwight.com

2018

0

at a glance AVON-BY-THE-SEA | Q2

15

ON THE MARKET

4

$2,199,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 18

$1,200,000

16

$1,000,000 14 $800,000

12 10

$600,000 8 $400,000

6 4

$200,000 2 $0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | avon-by-the-sea

at a glance BAY HEAD | Q2

20

ON THE MARKET

5

$1,724,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

16

$1,200,000

14 12

$1,000,000 10

$800,000 8 $600,000 6 $400,000

4 $200,000

$0

2

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

bay head | wardwight.com

2018

0

at a glance BELMAR | Q2

27

ON THE MARKET

14

$799,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

40

$700,000

35

$600,000

30

$500,000

25

$400,000

20

$300,000

15

$200,000

10

$100,000

5

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | belmar

at a glance BRADLEY BEACH | Q2

28

ON THE MARKET

8

$714,650

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

30

$600,000

25

$500,000 20

$400,000 15 $300,000 10 $200,000 5

$100,000

$0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

bradley beach | wardwight.com

2018

0

at a glance BRICK | Q2

434

ON THE MARKET

219

$369,900

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

600

$300,000

500

$250,000 400

$200,000 300 $150,000 200 $100,000 100

$50,000

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | brick

at a glance BRIELLE | Q2

38

ON THE MARKET

17

$799,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

40

$700,000

35

$600,000

30

$500,000

25

$400,000

20

$300,000

15

$200,000

10

$100,000

5

$0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

brielle | wardwight.com

2018

0

at a glance INTERLAKEN | Q2

1

ON THE MARKET

0

$759,900

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $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 1/1/2018-6/30/2018 Closed

wardwight.com | interlaken

at a glance LAKE COMO | Q2

7

ON THE MARKET

7

$399,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 30

$500,000 $450,000

25

$400,000 $350,000

20

$300,000 $250,000

15

$200,000 10

$150,000 $100,000

5

$50,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

lake como | wardwight.com

2018

0

at a glance LONG BRANCH| Q2

83

ON THE MARKET

30

$499,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

100 90

$350,000

80 $300,000 70 $250,000

60

$200,000

50 40

$150,000

30

$100,000 20 $50,000 $0

10

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | long branch

at a glance MANASQUAN | Q2

28

ON THE MARKET

17

$854,500

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

60

$700,000 50 $600,000 40 $500,000 $400,000

30

$300,000 20

$200,000 10 $100,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

manasquan | wardwight.com

2018

0

at a glance MANTOLOKING | Q2

23

ON THE MARKET

2

$4,100,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold $4,500,000

14

$4,000,000

12

$3,500,000

10 $3,000,000 $2,500,000

8

$2,000,000

6

$1,500,000 4 $1,000,000 2

$500,000 $0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | mantoloking

at a glance NEPTUNE CITY | Q2

14

ON THE MARKET

14

$327,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 35

$300,000

30

$250,000

25 $200,000

20 $150,000 15 $100,000 10 $50,000

$0

5

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

neptune city | wardwight.com

2018

0

at a glance NEPTUNE TOWNSHIP | Q2

116

ON THE MARKET

64

$402,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 180

$350,000

160

$300,000

140

$250,000 120

$200,000

100

$150,000

80 60

$100,000 40 $50,000

$0

20

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | neptune township

at a glance OCEAN GROVE (NEPTUNE) | Q2

35

8

ON THE MARKET

$899,000

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

as of 07/09/2018

as of 07/09/2018

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

30

$500,000

25

$400,000

20

$300,000

15

$200,000

10

$100,000

5

$0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

ocean grove | wardwight.com

2018

0

at a glance OCEAN TOWNSHIP | Q2

99

58

ON THE MARKET

$539,900

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

as of 07/09/2018

as of 07/09/2018

Median Selling Price vs. Total Units Sold 180

$350,000

160

$300,000

140

$250,000 120

$200,000

100

$150,000

80 60

$100,000 40 $50,000

$0

20

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | ocean township

at a glance POINT PLEASANT | Q2

115

47

ON THE MARKET

$569,900

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

as of 07/09/2018

as of 07/09/2018

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

160

$400,000

140

$350,000

120

$300,000 100 $250,000 80 $200,000 60 $150,000

40

$100,000

20

$50,000 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

point pleasant | wardwight.com

2018

0

at a glance POINT PLEASANT BEACH | Q2

55

12

ON THE MARKET

$867,000

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

as of 07/09/2018

as of 07/09/2018

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

60

$500,000

50

$400,000

40

$300,000

30

$200,000

20

$100,000

10

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | point pleasant beach

at a glance SEA GIRT | Q2

22

ON THE MARKET

6

$2,742,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

30

25

$2,000,000

20 $1,500,000 15 $1,000,000 10

$500,000

$0

5

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

sea girt | wardwight.com

2018

0

at a glance SPRING LAKE | Q2

39

ON THE MARKET

9

$3,299,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 45

$2,500,000

40 $2,000,000

35 30

$1,500,000 25 20 $1,000,000 15 10

$500,000

5 $0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | spring lake

at a glance SPRING LAKE HEIGHTS | Q2

17

ON THE MARKET

9

$599,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

30

$500,000

25

$400,000

20

$300,000

15

$200,000

10

$100,000

5

$0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

spring lake heights | wardwight.com

2018

0

at a glance TOMS RIVER | Q2

720

ON THE MARKET

298

$389,950

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

800

$300,000

700 600

$250,000 500

$200,000 400 $150,000 300 $100,000

200 $50,000

$0

100

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wardwight.com | toms river

at a glance WALL TOWNSHIP | Q2

137

ON THE MARKET

58

$579,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

Median Selling Price vs. Total Units Sold 180

$600,000

160

$500,000 140 $400,000

120 100

$300,000 80 $200,000

60 40

$100,000 20 $0

2015

2016 Total Units Sold

2017 Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 Closed

wall township | wardwight.com

2018

0

at a glance WEST LONG BRANCH | Q2

25

ON THE MARKET

20

$699,000

as of 07/09/2018

as of 07/09/2018

UNDER CONTRACT

as of 07/09/2018

MEDIAN LIST PRICE

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

60

$500,000

50

$400,000

40

$300,000

30

$200,000

20

$100,000

10

$0

2015

2016 Total Units Sold

2017

2018

0

Median Selling Price

*MLS Single Family 1/1/2018-6/30/2018 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