Wednesday, December 21, 2005

Random Jersey Shore Real Estate Thoughts

I have developed a lot of opinions and biases living in and around Monmouth County since the 70s and since it’s a slow news day from my perspective, I though I would share some of these biases, opinions and facts as they relate to local real estate and the local area in general. In no particular order of importance, or to some people, any importance:

-Bayshore towns are nicer than they used to be, except for Keansburg.
-Driving down Bay Avenue in the Highlands reminds me of pirates sometimes.
-Fair Haven cops will eventually pull you over.
-The east side of North Ward Street in Rumson is the best place to own a house (mansion) in Monmouth County, if you can afford it.
-Points west of Route 9 might as well be Ohio.
-Little Silver is the less expensive alternative to Rumson.
-Fair Haven is the more expensive alternative to Red Bank.
-Never drive through downtown Freehold during the day.
-I would probably never buy a house in Sea Bright unless it had already been there at least 50 years.
-The Amboys are not part of Monmouth County.
-Ocean Grove is strange.
-Hazlet reminds me more of Matawan than it does Holmdel.
-Many parts of Long Branch look like nice places to live if you want to send the kids to private school or don’t have kids.
-The Asbury Park Press has its operations and head quarters in Neptune.
-First Avenue in Atlantic Highlands is looking more and more like a mini Broad Street in Red Bank.
-Towns that are one town further west from beach towns might offer value some day. For example, Wall is cheaper the Belmar, Spring Lake Heights is cheaper than Spring Lake, Neptune City is cheaper than Avon.
-House prices in Middletown are extremely dependent on what high school zone your house is in. All else being equal, the house in the Middletown South zone will trade at a premium to the house in the Middletown North Zone.
-The Monmouth Mall is a mess, drive an extra 20 minutes to the Freehold Mall.

13 Comments:

Anonymous Anonymous said...

May I add mine?

* Little Silver is far less accessible to the not-so-well-heeled than it was 25 years ago.

* Little Silver pretends to be Rumson-lite and its pretense sometimes shows.

* Red Bank pretends it's hoboken (yeah yeah, last week called and wants its thread back) but driving out the old time merchants (remember Clayton & Magee?) is making RB lose its charm.

* Rumson has more Hummers per capita than most communites in NJ. Serves 'em right.

* Little Silver just expanded its Markham Place School (hey, I went there!) but will young families be able to afford living there?

* Route 35 in Middletown was crowded as F*** on weekends 10 years ago. It's even worse now.

* I'm glad a Home Depot or Century 21 wasn't built on 35 where those expensive townhouses are going in.

* Does being on a street called "Gayboy" or "Handyboy" (middletown) depress property values? How often does the town have to replace the street signs each year due to kids stealing them?

* The cinemas at the monmouth mall invite a demographic that can make a movie experience not so enjoyable.

* Monmouth Mall can suck but it beats Paramus on a Saturday in December.

* In Sea Bright, if mother nature doesn't take your property, arson will. (Esp beachclubs - Rememeber P-house? Anchorage?)

* Sea Bright won't let the NJ Marathon run through their precious little town in April. Fockers.

* The Fort Monmouth property is a developer's wet dream.

Wednesday, December 21, 2005 10:39:00 PM  
Blogger grim said...

Wow, Little Silver is much more expensive than I would have thought. Those are more in line with Essex and Bergen County prices.

grim

Thursday, December 22, 2005 7:40:00 AM  
Blogger lindsey said...

A couple of things:

If by nicer you mean upscale, I would agree wholeheartedly about your beach town assessment, but Belmar has lost something as a family and kid-friendly place as the big houses have replaced the small ones.

For all its traffic etc. Eastern Monmouth County makes way more sense than Western Monmouth County and Route 9 is a total nightmare while Rte. 35 is an occassional nightmare.

The only sane way to go west across the county is 195.

Middletown has far more than its fair share of county parks.

Sea Bright should be allowed to become the sand bar it so desperately wants to be.

Thursday, December 22, 2005 12:38:00 PM  
Blogger lindsey said...

Since Ed didn't give us the NE Monmouth number yesterday I thought I would take this post as a place to put the local numbers for the week.

NEM is at its lowest point since Sept. at 2948.

WM and SM have reached their lowest points since I began tracking them on Sept. 13 at 1573 and 718 respectively.

Ocean County is trending down at 4570 but still has a long way to go before it gets below the 4408 it was at when I first checked on Sept. 19.

As to Ed's January sales call, I would tend to agree, but I think there is a lot more at play than trying to get Wall Street's bonus money.

Speculators will be trying to beat the Spring rush and the number of people who get sober about their economic situation after the holiday binge will contribute too. My call is to look for a February surge rather than January.

Thursday, December 22, 2005 12:56:00 PM  
Anonymous rbyzell said...

belmar can still rock. let's look on the bright side. if there is a real downtown in the housing market or the economy in general, we'll all sit eating ice cream cones and looking at the beach. or, go have a beer. or, find out what band is playing. or, look at the girls in their bikinis. or, go play arcade games and mini golf. or work on our tans. well do all of those things that we used to do instead of worrying about real estate.

Thursday, December 22, 2005 9:20:00 PM  
Blogger Little Silvered said...

I don't understand why it was so essential to expand Markham Place. In 1970, the town had a population of 6010. In 2000, the population was 6170. It doesn't make sense that the school had to be expanded so much when the population over 30 years stayed the same.

Friday, December 23, 2005 11:29:00 AM  
Blogger MazNJ said...

Maybe the children have gotten chubbier so you can fit far fewer into one room? ;)

Friday, December 23, 2005 1:14:00 PM  
Anonymous Anonymous said...

Due to following a few Dan Riehl sites , I came to this site... I spent every summer from birth to 21 in Ocean Grove NJ (lived in Bergen County) Ocean Grove was a gem . No cars on Sun, no anything on Sun,..same people year after year, N end,S end..best memories.
Now retired where the sun shines all year. OG will always have a tender space in my heart.

Sunday, December 25, 2005 11:36:00 PM  
Anonymous Anonymous said...

And if you think LS prices are high, you should see the taxes. My brother who bought a tiny 2-br two years ago is paying $8K/year. He tells me that some people towards the south east corner of town (Paag Ln and LS Point Road on south, etc.) are talking about secession from the boro over taxes.

Monday, December 26, 2005 4:52:00 AM  
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