Monday, November 07, 2005

An Observation

Over the past few weekends I have driven through lots of towns in eastern Monmouth County and I think I’m noticing a pattern as to where the inventory is building. To me, it looks like the houses that are going up for sale and that are sitting unsold longer are those that are located in areas that are only marginally attractive. What I mean by marginally attractive is areas of Monmouth County that are either “up and coming” or which have older construction. Put another way, if Rumson is an “A” town, Shrewsbury is a “B” town and Keansburg is a “D” town, then these areas would be “C” towns. This would include Atlantic Highlands, Most of Red Bank, and Long Branch north of route 36.

It looks to me that these areas might have experienced a little more buying for investment purposes, rather than living purposes. As a result of the type of buyer, there seem to be more houses for sale in these areas. In addition, there also seem to be more single family houses for rent in these “C” class towns.

As a service of this blog, name a town (and or town section) in Monmouth County and I’ll tell you if its an A, B, C, D, town.

6 Comments:

Anonymous Anonymous said...

What's your grade for Holmdel? Do you have any thoughts on Holmdel's current real estate market?

Tuesday, November 08, 2005 8:20:00 AM  
Blogger Little Silvered said...

Holmdel gets a B+.

The schools are good and the housing stock is large and not too crowded together. It misses being an A- town because of its distance to the beach.

As far as the market goes, I haven't heard anything specific. It seems that most houses in Holmdel woul be priced above $700k, which means the inventory is probably growing.

Tuesday, November 08, 2005 5:37:00 PM  
Anonymous Anonymous said...

so call real estate expert? Bunch a bull crap...Really, would you tell anyone if you know it for sure?

Tuesday, November 08, 2005 6:45:00 PM  
Blogger Little Silvered said...

To anonymous poster at 6:45 PM, your post lacks persepective and context.

In other words, What?

Tuesday, November 08, 2005 6:56:00 PM  
Anonymous rbyzell said...

hey! belmar, A town? it always has been to me, but boy, so, so many homes for sale. hopefully, with the political change there, the town will retain some of its old charm - yes, that includes the partying.

Friday, November 11, 2005 12:51:00 PM  
Anonymous Anonymous said...

What grade would you give Freehold Township.

Wednesday, November 16, 2005 11:05:00 AM  

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