Author Archives: Donnelly Real Estate

4 Reasons Bay Head is a Great Vacation Spot

Contributing a record $44.1 billion to the Garden State’s economy in 2016, representing a 2.9% increase from 2015, tourism increased for the 7th year in a row in New Jersey. The astounding $44.1 billion was generated from around 100 million visitors, who opted for New Jersey as their travel destination, accounting for 3.3% more travelers visiting the state as compared to 2015.

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Is it Worth Investing in Real Estate in Point Pleasant Beach?

The small borough of Point Pleasant Beach, located scenically along the shore in the state of New Jersey, boasts a population of 4,552 people and consists of only a single neighborhood. It is ranked #334 in New Jersey, in terms of the size of its community. So, why would this small community attract real estate investment? “Of important note, Point Pleasant Beach is also a borough of artists. Point Pleasant Beach has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Point Pleasant Beach’s character,” says Neighborhood Scout.

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New Jersey Shore Housing Trends after Hurricane Sandy

Jersy Shore Home

Storm waves cut across the barrier island at Mantoloking, NJ, eroding a wide beach, while depositing sand onto the island and into the back-bay, where many of the houses and roads just vanished. Not many years have passed since Hurricane Sandy devastated the Jersey shore and caused serious economic losses. Storm waves cut across the barrier island at Mantoloking, NJ, eroding the wide beach, while depositing sand all over the town and into the back-bay, where many of the houses and roads just vanished. Years after this devastating event, most of New Jersey’s seaside towns have entirely rebuilt their boardwalks and have created dunes to protect them from future storms. No matter what happens in the state of New Jersey, the shore area will remain an enduring popular destination, says FEMA. Continue reading

Real Estate Opportunities in Monmouth County, New Jersey

Monmouth County

The best place to invest in real estate is where prices are on the rise. This ensures that the property you invest in today would be worth much more in a few years. This is exactly what experts are predicting for Monmouth County. According to data published by Zillow, the median home value in Monmouth County increase 2.7% in 2016, and is expected to rise again in 2017 by an estimated 1.9%.

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Why is This a Great Time to Buy a Home in Ocean County?

According to an article published in Zillow, the average value of homes in Ocean County is $268,000, as of October 31, 2016. Although the value has gone up 3.4% in the last year, the median per foot value, which stands at $167, is far less than the $247, which is the average for New York, as of the same date. This makes the Ocean County a fairly affordable place to live in.

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