Dwelling costs have been skyrocketing throughout New Jersey the previous two years, significantly on the Jersey Shore.
The median residence worth in Monmouth County is $605,000. In Ocean County it’s $511,500. Each properly exceed the statewide median properties sale worth of $460,000.
“One million {dollars} doesn’t get you what it did two years in the past,” mentioned Robert White, president of New Jersey Realtors and a dealer with Coldwell Banker in Spring Lake. “For those who’re on the lookout for ocean-front property, it’s not going to occur.”