TINTON FALLS, NJ - Since Superstorm Sandy struck the region, there have been some obvious changes in the real estate market, especially here in Monmouth County. The Seabrook retirement community held a special event to discuss the market in a Post-Sandy world.
The event was hosted by Seabrook, and was facilitated by Laurie Williamson, the community's personal moving consultant. She led a discussion with two experts in the field---Patrick Parker from Patrick Parker Realty in Bradley Beach and Marcy Pokrywa from PNC Bank.
Patrick said that since the storm hit, the rental market exploded and that there has been an increase in sales of homes inland. He also said that although Superstorm Sandy was initially devastating to the market, people will still find the Jersey shore a desirable spot.
Another point that Patrick mentioned was that selling a house damaged by Sandy will require a new inspection and apprasing if it was already listed under contract prior to the storm. Also, the interest rates will be going up soon so now is a great time to buy. This past December saw a 7% increase in home sales over the same month the previous year.
Laurie said of the market, "Houses are still selling despite Sandy and activity is up. Also, there has been a 21% increase in home sales throughout the state from 2012 to 2013 and while there was a slight dip in home sales in Monmouth County following the storm, sales are starting to go back up. In fact, at Seabrook, many future residents have received multiple offers on their houses of late."
About Seabrook: Seabrook is situated on a scenic 98 acre campus in Tinton Falls, New Jersey. The community is home to approximately 1,400 residents, many of which reside in the 1,090 independent living apartment-style homes. Life at Seabrook offers a true sense of community and is an exciting alternative to the typical retirement community. Additional information about Seabrook can be found at www.ericksonliving.com.
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