The Jersey Shore by Karl Hess: New Jersey: Lacey

Lacey Twp. Housing Shortage

Lacey Twp. Housing Supply Continues to Plummet

It should not come as a surprise that homes available for sale in Lacey continues to drop significantly during the coronavirus pandemic and we can confidently predict a further downward trend due to pent-up demand as potential buyers look for either second homes or a full-time move out of more population dense areas of New Jersey, New York and Pennsylvania.

What’s Your Lacey Twp. Home Worth? Get a FREE, Instant Valuation!

For the first eight months of 2020, median list price and median sale price is up. The total number of homes sold over those first 8 months of the year is down since there’s just not enough homes on the market to satisfy demand; this is especially true for waterfront properties. Even so, over 600 Lacey Twp. homes have sold in the last 12 months.

Lanoka Harbor Real Estate Market Activity: Year to Date in Comparison to Last Year: (Note – “year to date” is a direct comparison between the first 8 months of 2019 to 2020)

  •     Median List Price: Up 12.35%
  •     Median Sale Price: Up 6.60%
  •     Median Days on Market: 23 (# of days on market before property sells)
  •     Sold Listings: 89, No Change
  •     Pending Sold Listings (this month): Up 84.6%
  •     Active Listings (this month): Down 58.1%
  •     New Listings (this month): Up 6.7%

Lanoka Harbor Housing Market Summary: The Market Activity Report is a snapshot of all the changes in a local real estate market over the last 24 months

  •    Estimated Home Values: Up 3.4%
  •    Sales Price: Up 36.35%
  •     List Price: Up 22.55%

Forked River Real Estate Market Activity: Year to Date in Comparison to Last Year: (Note – “year to date” is a direct comparison between the first 8 months of 2019 to 2020)

  •     Median List Price: Up 3.57%
  •     Median Sale Price: Up 10.10%
  •     Median Days on Market: 22 (# of days on market before property sells)
  •     Sold Listings: 294, Down 15.0%
  •     Pending Sold Listings (this month): Up 3.4%
  •     Active Listings (this month): Down 56.5%
  •     New Listings (this month): Down 21.7%

Forked River Housing Market Summary: The Market Activity Report is a snapshot of all the changes in a local real estate market over the last 24 months

  •    Estimated Home Values: Up 3.4%
  •    Sales Price: Up 36.35%
  •     List Price: Up 22.55%

Bottom Line: To clarify; the increase in list and sales price doesn’t necessarily mean your home’s value has grown by that percentage, it can also mean that there are more expensive homes on the market (like waterfront) and a reduction in more affordable homes for sale or being sold. 

Note: Move-up buyers, you’re in luck! If you’re ready to trade in your home for something more luxurious, you may get the best of both sectors. We’re still witnessing strong demand for “less expensive” homes, giving sellers the upper hand. At the same time, buyers of high-end homes are finding a greater selection (and more negotiating power) than they’ve had in years… except waterfront, where demand far exceeds supply.

Search all Lacey Twp. Homes for Sale

If you have any questions, please contact me at your convenience.

Karl Hess provides expert real estate services to residential buyers and sellers in Lanoka Harbor, Forked River and the surrounding communities. Contact us today for more information on Lacey Twp Real Estate and for professional assistance navigating this complex home market.

 

 

 609-553-7926

Find Your Dream Home on The Jersey Shore in Ocean County!

www.TheJerseyShoreHomeFinder.com

 

 Licensed in New Jersey.  Keller Williams Shore Properties 

770 Lighthouse Dr. Barnegat, NJ Phone: 732-797-9001

 

 

 

Comment balloon 2 commentsKarl Hess • September 09 2020 03:34PM
Lacey Twp. Housing Shortage
share
Lacey Twp. Housing Supply Continues to Plummet It should not come as a surprise that homes available for sale in Lacey continues to drop significantly during the coronavirus pandemic and we can confidently predict a further downward trend due to… more
Graduate from Lacey High School with an Associate’s Degree
share
While plenty of schools in the area offer the ability for students to earn college credits while attending high school, Lacey is currently the only one in Ocean County that offers a path to an Associate’s Degree from Ocean Community College (OCC)… more
Lacey Twp Homes Sold Market Analysis for 2015
share
Lacey Homes Sold Market Analysis for 2015 Whether buying or selling a home in Lanoka Harbor or Forked River understanding the local housing market is invaluable. This report uses localized housing statistics for Lacey Twp including average sale… more
Forked River Housing Market Activity Report October 2013
share
Whether buying or selling a home in Forked River, NJ understanding the local Housing Market is invaluable. This report uses localized housing statistics for Forked River, including Median Estimated Home Values, Median Sold Price and Median Listing… more
2012 NFL Draft Night at The Forked River House with Mark Gastineau
share
The NFL Draft for Jets fans has always been an adventure. This year Hickey Sports presents NY Jets great Mark Gastineau in a "Meet and Greet" at a Jersey Shore sports bar and grill, with over 50 giant screen TVs, The Forked River House.. more
Open House Lacey Twp April 22, 2012
share
Open House in Lacey Twp, including Lanoka Harbor and Forked River with photos and maps for April 22, 2012. Lacey Twp Open House information with school reports, neighborhood data with Lacey Twp Housing Market Trends Click here for the list… more
Open House Lacey Twp March 18, 2012
share
Open House in Lacey Twp, including Lanoka Harbor and Forked River with photos and maps for March 18, 2012. Lacey Twp Open House information with school reports, neighborhood data with Lacey Twp Housing Market Trends Click here for the list… more
Open House Lacey Twp March 11, 2012
share
Open House in Lacey Twp, including Lanoka Harbor and Forked River with photos and maps for March 11, 2012. Lacey Twp Open House information with school reports, neighborhood data with Lacey Twp Housing Market Trends Click here for the list… more
Open House Lacey Twp January 22, 2012
share
Open House in Lacey Twp, including Lanoka Harbor and Forked River with photos and maps for January 22, 2012. Lacey Twp Open House information with school reports, neighborhood data with Lacey Twp Housing Market Trends Click here for the list… more
Open House Lacey Twp January 15, 2012
share
Open House in Lacey Twp, including Lanoka Harbor and Forked River with photos and maps for January 15, 2012. Lacey Twp Open House information with school reports, neighborhood data with Lacey Twp Housing Market Trends Click here for the list… more