Category Archives: Real Estate Market

What Makes Brigantine NJ Such a Hotspot for Real Estate

Real estate ventures are sometimes risky but can be just as rewarding. In a beachside city like Brigantine, rapidly growing since 2020, one has to wonder what makes Brigantine, NJ real estate such a hotspot for buyers looking to own a piece of the Jersey shore.

The city of Brigantine, NJ, has become popular among real estate investors thanks to its growing population, the investment of the city in its location through infrastructure projects, and increased price of homes in the area.

In this article, we look at what factors award Brigantine, New Jersey the title of hotspot for real estate agents, as well as the current market trends for the city.

What Makes Brigantine, New Jersey a Hotspot for Real Estate?

The following are examples of what determines favorable conditions for the real estate business:

Growing Population
Infrastructure Projects
Price Movement

Let’s take a closer look at how Brigantine, New Jersey is meeting these conditions.

Growing Population

The year-round population of Brigantine, according to ShoreHomes.om, is about 9,000 people. However, it is a popular destination for vacation homes, with the summer population at 30,000.

This means that while the revenue for local businesses can increase seasonally, the lack of crowds at beaches for the non-summer months and the quiet life Brigantine offers has a population count that is rising.

Real estate hotspots are defined by growing populations because crowded, developed locations fetch a higher price than those that are not developed yet. When people begin noticing that a nice property near the ocean like those in Brigantine are not overly populated, they become eager to stake their claim on the spot.

Infrastructure Projects

One of the infrastructure projects featured in 2020 for Brigantine was the Atlantic City/Brigantine Community Reliability Project. This promises to modernize the energy infrastructure which links Brigantine and Atlantic City.

Construction on a new substation and rebuilding transition lines are two examples of the community’s commitment to bettering the area. Known as infrastructure projects, these types of undertakings by Brigantine’s authorities encourage people to move to the area.

It not only proves that Brigantine cares about its residents enough to improve their locale, but those very improvements can provide jobs for new arrivals. These things contribute to making the city a real estate hotspot.

Price Movement

According to the current data, Brigantine, NJ has sold at a median price of $524,995 since July, 2022. The prices of homes on the Brigantine Market have moved up by $5,000,00 in one year’s time!

Price movement like this is an indicator that, if the price of homes can move up so quickly recently, they are likely to continue going up in the future, contributing to the fact that Brigantine is a real estate hotspot. Information like this allows real estate agents to make an educated, careful guess on their investments in the area.

What are the current market trends in Brigantine, New Jersey?

Real estate hotspots are determined, oftentimes, by factors like the number of homes sold in the area, or the median price per square footage in the homes. Below is a table listing the market trends in Brigantine according to information gathered by the U.S. Census Bureau.

Median Days on Market	52
Median Sales Price	$549,500
Number of Homes Sold	230 in 6 months
Median Price per Square Foot	$333
Median Year Built	1980
Median Rent per Month	$1,344

Summary

In summary, it is the amount of population growth and factors like price upticks and infrastructure projects that allow real estate agents to flock to Brigantine, New Jersey. Real estate investors are able to accurately determine how profitable an investment in the city can be, making Brigantine a real estate hotspot!

Soleil Sotheby’s International Realty Discusses Commonly Overlooked Negative Aspects of a Home

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Although price, size, and location are important factors to consider when purchasing a home, they are not the only factors that go into a house’s “livability.” Soleil Sotheby’s International Realty recognizes that buying a home may feel like a never-ending list of things to consider; however, to avoid buyers’ regret, it’s crucial to consider commonly overlooked factors during your home search.

Neighborhood Noise

Can you hear cars on the street? Your potential neighbors? Have you heard planes in the last ten minutes? When touring a home, viewers can be so preoccupied with all the amenities that they forget to check for outdoor noise. Although you may not notice that the house is under a flight path during your tour, it will significantly impact your daily life and your home’s potential resale value.

Ongoing Expenses that Quickly Add Up

Going over budget when purchasing a home is quite common, as extra expenses can quickly add up. To avoid becoming house poor, homeowners should be aware of short- and long-term costs that often tie into a home’s amenities. A home with a pool may seem like a dream come true; however, this will usually include year-round pool maintenance, a massive backyard may cost a thousand dollars in lawn care, and a vacation home expensive hurricane insurance. Always consider what extra amenities may cost and create a rough estimate to ensure you and your family do not go over budget.

Not Having Adequate Storage

Although no basement may not seem like a dealbreaker, storage is often one of the most crucial elements to a well-organized and de-cluttered home. Families without proper storage may face difficulties storing seasonal items such as decorations and coats, outdoor equipment, AC units, and other items. While you may be willing today to purchase a $200 a month storage locker 10 miles away, it may prove to be a challenge in the future. Before buying a house, consider the minimum amount of storage you need and search for homes that can accommodate.

Potential Resale Value

When purchasing their first home, first-time homeowners will often overlook their home’s resale value. When working with a tight budget, couples are often less concerned that their home has one bathroom, a busy street, or poor curb appeal. These couples often make the mistake of assuming that because they did not mind these factors, future buyers also will not. This can be a costly mistake and may leave homeowners struggling to find a buyer when they later try to sell their home.

2018 Market Report

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market report cover

In our ongoing effort to become an invaluable resource to our clients and neighbors, Soleil Sotheby’s International Realty is committed to making sure you have all the information you need to make the best decision.

The 2018 Market Report is a detailed snapshot of the real estate markets of Longport, Margate, Ventnor, Atlantic City, and Brigantine, comparing single-family home and condominium statistics as well as the year to year change. The report also highlights our recent significant sales, a few of our extraordinary listings, as well as a glimpse of Sotheby’s Auction House.

To read the full report, click here.

When Should You Consider Hiring a New Real Estate Agent?

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Real Estate Keys

The decision to either purchase or sell a home is a pivotal one in anyone’s life. It’s why so much trust is put into a real estate agent to guide the process and help ensure your satisfaction and return on investment. We take great pride in our real estate agents building working relationships with our clients and truly putting in the time and effort to ensure complete satisfaction. We want everyone looking at real estate at the Jersey shore to find the ideal agent for their needs. It’s why we put together a list of sure-fire signs that you need to start looking at other real estate agents.

Lack of Communication – When you put your trust into a real estate agent, it’s important that transparency is utilized by both parties. Questions are a part of the process and it’s important that your agent is getting back to you in a timely manner. If it’s taking longer than 24 hours for your agent to respond to you, it’s more than likely time to find another agent.

Lack of Interest – Every successful real estate transaction is achieved by a real estate agent who understands the wants and needs of their client. If you notice that your real estate agent is struggling to grasp a lot of the details you share with them, it’s not going to end well. The best real estate agents are great communicators because they are great listeners.

Lack of Professionalism – Your real estate agent should never have you questioning their professionalism. Appearance matters and your real estate agent should dress the part. Beyond that, your real estate agent should be valuing your time and showing up to appointments prepared and on time.

Seems Desperate – The last thing you want in a real estate agent is someone who promises the world and then fails to deliver. One of the largest signs of desperation is overpromising how much money can be saved by working with them. A desperate real estate agent is even more dangerous when they are asked to sell your home as they are likely trying to get the deal done as quickly as possible. You need a great negotiator who is willing to spend the time to get the best deal.

If you think you may have hired the wrong real estate agent, it’s important to make the switch quickly. Every real estate transaction can bring about some serious levels of stress. This stress is only compounded when you don’t feel like you have the right team in your corner. At SoleilSir.com, we take great pride in making sure that every client feels completely comfortable with their agent.

Is Summer a Good Time of Year to Look at Homes down the Jersey Shore?

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One of the most common questions any realtor will hear is when is the best time of year to buy a home? The simple answer is when you find the home that you want, but each season does offer different advantages. This is especially the case when you consider Jersey Shore Real Estate in Atlantic City, Ventnor, Margate, Longport, and Brigantine.

Down the Jersey Shore, summer is the peak time of year for tourism. It also represents a busy time of year for real estate transactions. There are more home listings so buyers have many more options. Also, and this can’t be overstated, you’ll get an opportunity to see what Ventnor or Margate is like in the summer or check out the chill vibe in Brigantine. Then, you can decide which atmosphere is right for you.

However, you should also know that the summer months also mean that there is more competition. There are much more people who are looking for homes this time of year, so you could potentially end up in a bidding war. This is why it’s so important to make a fair and adequate offer on a home as soon as you decide on one. If you fell in love with one of the premier properties in Longport, NJ or Atlantic City, there may be others out there who did as well.

Things to Keep in Mind

Hire a Realtor with Experience Buying and Selling Homes down the Jersey Shore
Check Listings Daily as New Homes Go on the Market all of the Time
Make Sure You Have Your Finances in Order and Know How Much You Can Afford
Remain in Constant Contact with Your Real Estate Agent about New Happenings and Concerns
Determine If You Want a Move-in Ready Home or Would Be Ok with Completing Renovations Before You Move In
Work with Your Real Estate Agent to Prepare a List of Questions You Have about the House
Ask Yourself Whether the House or the Location Is the Most Important Factor for You

The truth is that summer can be a great time of year to buy a home if you’re ready. There are many listings on the market, and the weather is nice, making it easier to house hunt. However, the colder months have their advantages as well. If you are even thinking about buying a home, we encourage you to contact our office today to discuss your options and see where you’re at on the road to finding the home of your dreams.

The Secret to Selling in a Buyer’s Market

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While listing your home in a seller’s market would be most ideal, situations like the need to relocate or downside could force you to list when buyers have the upper hand. Fortunately, there are several things you can do to take control in a buyer’s market. Though your home might not break out in a bidding war the day after it’s listed, these tips will still help you sell quickly, while getting the best return on your investment.

Prep Your Home

Before putting your property on the market, you need whip it into shape. In addition to cleaning your home, you need to clear out the clutter and depersonalize. The key to getting buyers interested is to make your home appeal to them. If your home is filled with junk or personal mementos, then the buyer can’t envision themselves living in the space. Store your personal belonging in storage while it’s on the market.

Also prep your home by making any small repairs and improvements. Smart improvements include painting the walls a neutral color, updating outdated knobs and hardware, and fixing that leaky faucet. If it fits in your budget, hire a professional stager to show buyers how the can really maximize the space. Typically, staged homes sell faster than non-staged ones.

Take Good Photos

For buyers, their home search is likely beginning online. It’s important for your listing to include some great photos and even a video tour to entice buyers to come out and see it in person. Include clear photos of both the interior and exterior.

Offer to Cover Closing Costs or Repairs

Just because you’re selling in a buyer’s market doesn’t mean you have to slash the price. If you have an interested buyer who needs some financial wiggle room, offer to pay for closing costs, moving costs, or repairs. Paying for closing costs is appealing to buyers because it provides them with money they need upfront and will make them more inclined to seal the deal.

Covering the cost of moving or repairs can also help you make a sale. Instead of doing the repairs yourself, lower your selling price to accommodate the repair that needs to be done.

Choose the Right Agent

Working with the best agent can mean the difference between selling your home and having it sit on the market. Choose an experienced real estate agent who has vast experience selling in your community. A good agent will make sure your home is priced correctly, the right upgrades were made, and that it’s up to code. You realtor will also oversee the negotiations to get you the best deal.

If you’re selling your home at the Jersey Shore, call on our leading Margate, NJ real estate agents to assist you: 609.487.8000.