Bay Head & Mantoloking Market Update - August 2022
If you’re thinking about selling your home (or even if you just want to keep up with the market), it's important to have a good understanding of what’s going on in the Bay Head and Mantoloking market.
In the last month, there have been a few closings, and inventory remains limited - homes are slow to come on the market to replace those that have sold. Recent sales include our listing at 958 South Lagoon Lane, sold for $7,500,000. In a few instances, there have been price reductions, but other listings remain on the market, with no change in their original price. Overall, the market has shifted, and is not quite as frantic as it was a few months ago.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will help you to better track the pulse of the market.
Our August market update showcases everything you need to know about local real estate trends. Note that we are now providing town statistics in a new format. The number before the slash (/) is for Bay Head, the number after the slash is for Mantoloking. This way, we can provide you with more detailed information. NOTE: You may see that some numbers are marked 0 or NA - per the MLS there is no data for that statistic for this time period - eg - no closings, or no new listings.
If you would like to talk about the market, your property, or anything else, please let us know. All conversations are confidential.
Statistics are per the Monmouth/Ocean MLS as of 8/12/22, and are provided for the month just concluded.