While the temperatures remain in an Arctic-like state, the Bay Head and Mantoloking real estate markets are definitely beginning to heat up.
With the mercury recently dipping to a frigid -3, there are many homes in Bay Head and Mantoloking that are currently being bought and sold. From Jan. 1 to Feb. 26, six homes are under contract and five properties closed and we feel the market will only get stronger heading into the spring season starting March 20.
And as far as Our Listings go, we currently have two properties under contract: 102 Twilight in Bay Head and 1123 Barnegat Lane in Mantoloking. That's in addition to homes Clayton and Clayton closed at 444 East Ave. in Bay Head, while the oceanfront property of 1105 Ocean Ave. in Mantoloking will be a closed sale as of Feb. 27, 2015.
Interestingly we sold that land on Ocean Ave. (a very rare 70x410 oceanfront lot), in July, 2014 for $1.85 million, then put it back on the market and now it's closing at $2.8 million, which definitely shows the market is picking up, especially the higher end luxury real estate market in Mantoloking and Bay Head.
We consistently sell properties along the Shore, but that particular property is one we are truly blessed to have two transactions on both sides.
THINKING OF BUYING OR SELLING?
We are the leaders in oceanfront homes and property in Bay Head & Mantoloking. You can e-mail Shawn Clayton and he will address any questions or concerns you may have.
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