Bay Head & Mantoloking Today™ - May 2023
Edwin (Ed) O’Malley
As a life-long, year-round resident of the Bay Head and Mantoloking area, Ed combines his outstanding local knowledge and connections with his 20 year...
As a life-long, year-round resident of the Bay Head and Mantoloking area, Ed combines his outstanding local knowledge and connections with his 20 year...
Bay Head & Mantoloking Today™ - May 2023
Hopefully, you've had a good spring, and are looking forward to the summer!
If you have not been up to the beach in Bay Head recently, you'll see that many access points now have new benches, donated by local families - thank you!
The market remains active, but with limited inventory, and most of the recent activity has been under $2,000,000. We just had a transaction in which a full price cash offer was accepted with in 24 hours of putting the house on the market, as it worked out, we represented both the owner and the buyer, and the sale closed quickly.
A client recently asked how many homes come on the market in the summer. That was a great question, that we didn't immediately have the answer to, so we looked it up.
The number of homes listed in Bay Head and Mantoloking between Memorial Day and Labor Day (approximately), looking back 5 years: 2018: 16, 2019: 17, 2020: 32, 2021: 18, 2022: 12.
The spike in 2020 is no surprise (the pandemic), but the other numbers are pretty consistent!
You can find our May market update here. Additional news can be found below the video.