Otteau Report is Out
The Otteau Report, which describes the state of the real estate market in Jersey is published quarterly.
The report, which contains lots of useful information, makes it clear that the real estate bubble is deflating in New Jersey and here at the Shore. Looking at the “Projected Absorption” in months of each Monmouth County Town, it looks like the towns directly on the beach have the most unsold inventory. For example, Spring Lake has a projected absorption of 43 months and Sea Girt has 28 months. Meanwhile, the total market for all of Monmouth County is 8 months.
Monmouth
Ocean
Atlantic
Cape May
The report, which contains lots of useful information, makes it clear that the real estate bubble is deflating in New Jersey and here at the Shore. Looking at the “Projected Absorption” in months of each Monmouth County Town, it looks like the towns directly on the beach have the most unsold inventory. For example, Spring Lake has a projected absorption of 43 months and Sea Girt has 28 months. Meanwhile, the total market for all of Monmouth County is 8 months.
Monmouth
Ocean
Atlantic
Cape May
posted by Little_Silvered at 6:53 PM
7 Comments:
I am looking to buy in Ocean County. Zip 08742. Everyone says this place is way too nice and has too much money in the area for prices to fall. Any feedback? Thanks
PROPERTY RE-VALUATION in Dover Township- Toms River, new jersey 08753 !!!
Dover's revaluation deadline extended
February 1, 2005
TOMS RIVER - Dover Township has been given more time to complete a revaluation of all properties in town, a process that must now be finished by Oct. 1, 2006. "It doesn't have to be done until next year," Mayor Paul C. Brush said Monday..
Does anyone know whether Red Bank, Fair Haven, Rumson, Little Silver are in flood plains? Where can I check out the gov't info?
Also, is it possible to get online the list of off-site conditions which would affect the value of residential properties in Monmouth County?
I know that parts of Little Silver and Rumson are in flood prone areas. I would imagine FH and RB too. I believe the Fed. Gov. publishes local maps that show areas that flood and usually the local boro hall supposedly has them available.
just google on flood plains for new jersey.
their is a gov. flood plain map.
ive seen it.
it really does effect insurance.,if you can get it.
The NJDEP's iMap web application should contain flood plain information.
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