Clayton & Clayton Realtors, Inc.

Waterfront Leading the Way?

Signals in the market, there are indications that Luxury may start the comeback with waterfront properties already taking the lead.

Shawn Clayton of Clayton & Clayton agency in Bay Head, which is in Ocean County. Breaks Ocean County record in Mantoloking, NJ $5,500.00.   

Halfway through 2010, the new normal– whatreal estate will be like after the downturn – is still
taking shape.  Although the stabilization that began in 2010 continues.“The market’s still taking baby steps on a long road to recovery, trying to find its footing. It’s unclear Which of today’s sales characteristics are part of a new reality, and which are still temporary turbulence. The Mortgage market, especially for larger home loans, is definitely dysfunctional. Obviously things would be Different if the job picture were brighter,” observed John Walsh, president of MDA DataQuick, a real estate data tracking company. Indicators continue to be a mix of negatives positives. Price reductions are slowing. Recent Stats frorn the real estate search engine Trulia show Chat 20 percent of the homes listed had at least one Price reduction in April 2010 compared to 27 percent April 2009. Lawrence Yun, chief economist for the National Association of Realtors (NAR), expects to see prices rise by 2 to 3 percent this year.

The Smart Money is Back.

The top real estate story for 2010 may turn Out to be the resurgence of luxury. Led by a group
Many real estate agents are calling the “smart money,” affluent consumers are once again buying
Properties, drawn to the market by great prices,opportunities to acquire exceptional homes and a growing
awareness of the value of real property. Unique properties have come on the market one of these property on Barnegat Lane in Mantoloking, 100’ on the water with 5 bedroom – massive pool. Sold by Clayton & Clayton Realtors. 
 

 

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