“Flippers are buying up everything”: South Jersey home prices are soaring
Most towns seeing big percentage gains have relatively inexpensive housing markets
Tri-State / TRD Staff
7/17/2021
Home prices have increased by 50 percent or higher since the beginning of 2020 in 13 towns across New Jersey.
Prices have been rising in all parts of the state since the depths of the pandemic, but are particularly strong in South Jersey, according to NJ.com.
Gloucester City outside Philadelphia has seen the most dramatic increase in pricing. The median sales price there is up 75.8 percent, to $150,000 since the beginning of 2020.
Most towns seeing big percentage gains are relatively inexpensive housing markets. Four of the five towns that saw the most significant increases had median prices no higher than $133,000 at the beginning of 2020. Along with Gloucester City, that list included Millville, Trenton, and Woodbury.
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Some pricier areas also recorded big gains. Franklin Township saw the fifth-most significant climb in pricing from $608,000 to just under $1 million. Lavallette saw a 61.3 percent increase to $763,000.
Flippers are driving some of those gains, said RJ Gauld of Coldwell Banker Realty of Haddonfield.
“Flippers are buying up everything and selling it for massive profits,” Gauld said. “It’s the Wild Wild West.”
Gauld said a seller rejected 44 offers for a house in Mount Laurel, including one from a client that was $27,000 above asking price.
Jersey Shore towns and other suburbs are also seeing more demand from home buyers who want to leave New York City, Philadelphia, and North Jersey.
[NJ.com] — Dennis Lynch
RANKINGS: Website Names NJ Public High School Overall Best In America
By Cecilia Levine
5/02/2021
Niche.com has released its annual rankings of the best public high schools in America.
The website graded every school across the U.S. based on a “rigorous analysis of key statistics and millions of reviews from students and parents using data from the U.S. Department of Education,” it said.
Bergen County Academies in Hackensack was crowned the overall best in the U.S. The school earned an A+ in every category: Academics, diversity, teachers, college prep, clubs/activities, and health/safety.
The website also ranked the best schools in New Jersey. Here are the top 20:
- 20. Communications High School, Wall
- 19. Livingston Senior High School
- 18. Marine Academy of Science and Technoloy, Highlands
- 17. Northern Highlands Regional High School
- 16. Union County Vocational
- 15. West Windsor Plainsboro High School South
- 14. Academy for Allied Health Science, Scotch Plains
- 13. Tenafly High School
- 12. Dr. Ronald E. McNair High School, Jersey City
- 11. Academy for Information Technology, Scotch Plains
- 10. Millburn Senior High School
- 9. Middlesex County Academy for Science, Mathematics, & Engineering Technologies
- 8. Princeton High School
- 7. Bergen County Tech, Teterboro
- 6. The Academy for Math, Science and Engineering, Rockaway
- 5. Union County Magnet High School, Scotch Plains
- 4. OCVTS, Manahawkin
- 3. Biotechnology High School, Freehold
- 2. High Technology High School, Lincroft
- 1. Bergen County Academies, Hackensack
Click here for Niche’s ranking of New Jersey’s public high schools.