WHAT IS YOUR HOME WORTH? EXCLUSIVE After years of being battered by the recession, the Jersey Shore real estate market is finally climbing out of the basement. ¶ However, if you are expecting your home to fetch what it was worth in 2006, at the height of the market before the bubble burst, you may have a long wait. ¶ Median home prices in both Monmou th and Ocean countie s are down 7.1 percen t and 15.5 percent , respec- tively, from 2006, according to an exclusive analysis by the Asbury Park Press of sales for single-family homes for the first nine months of 2015, the latest data available from home sales reported to the state. Inside Our town-by- town look will tell you if home sale prices are the rise. 4A Online Visit APP.com and search “home values” to view an inter- active list of sales in your town and across the state. V alues tick up, but still lag from market heydayKEN SERRANO@KENSERRANOAPP AND PAMELA MACKENZIE@PAMMACKENZIEMCJ Top towns The five towns with the big- gest sales b oosts, 2014-2015: Rums on ............................... +18% Asbury Park........................ +17% Lakewood........................... +12% Holmdel ............................... +11% Berke ley ................................ +9% Median sale prices Monmouth Co........ ...... ....$360K Ocean Co. ...... ..... ...... ...... ...$245K New Jersey ........................$299K Source: Asbury Park Press analysis of first nine months of each year of sales data reported to the state, where more than 100 homes were sold See HOME, Page 4A ASBURY PARK PRESS :: MONMOUTH EDIT ION APP.COM $2.00 01.31.16 ONL Y ON NEWS T ANDS: COUPON SAVINGS OF $2,188
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WHATIS YOURHOMEWORTH?
EXCLUSIVE
After years of being battered by the recession, the Jersey Shore real estate
market is finally climbing out of the basement. ¶ However, if you are expecting
your home to fetch what it was worth in 2006, at the height of the market before
the bubble burst, you may have a long wait. ¶ Median home prices in both
Monmouth and Ocean counties are down 7.1 percent and 15.5 percent, respec-
tively, from 2006, according to an exclusive analysis by the Asbury Park Press
of sales for single-family homes for the first nine months of 2015, the latest
data available from home sales reported to the state.
InsideOur town-by-town look willtell you if homesale prices arethe rise. 4A
OnlineVisit APP.comand search“home values”to view an inter-active list of salesin your town andacross the state.
Values tick up,but still lag frommarket heyday
KEN SERRANO @KENSERRANOAPP
AND PAMELA MACKENZIE @PAMMACKENZIEMCJTop townsThe five towns with the big-gest sales boosts, 2014-2015:Rumson ...............................+18%Asbury Park........................+17%Lakewood...........................+12%Holmdel...............................+11%Berkeley ................................+9%
Median sale pricesMonmouth Co..................$360KOcean Co. ..........................$245KNew Jersey ........................$299KSource: Asbury Park Press analysis of firstnine months of each year of sales datareported to the state, where more than100 homes were sold
See HOME, Page4A
ASBURY PARK PRESS :: MONMOUTH EDITION APP.COM $2.00
01.31.16
ONLY ON NEWSTANDS:COUPON SAVINGS OF $2,188
VOLUME137
NUMBER 26
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LOTTERIES 2A
OBITUARIES 18A
OPINION 4AA
SPORTS 1C
SUNDAY BEST 1E
WEATHER 12C
At least 37 migrants — in-cluding children — drownedoff the coast of Turkey.1B
How badly does low-polling Chris Christie have to doin Monday’s much anticipated Iowa caucus before NewJerseyans should expect to get their governor backfrom the presidential campaign trail?
One pundit’s view, in this upside-down world of Iowaexpectations: Christie could get a boost, even whilenearly scraping the bottom.
“If by some miracle Christie beats someone who ac-tually tried in Iowa, say Jeb Bush, he could actually getabounce out of the state and maybe even force Jeb out,”said Matthew Hale, Seton Hall University political sci-entist professor.
The hours are winding down until residents of Iowabecome the first to cast votes in the 2016 presidential
nominating process. They will gather in 1,681 caucusprecincts — with meetings in libraries, churches, localcommunity centers, and gymnasiums — starting at 7p.m. (Central Time) Monday, with no set closing time.
A caucus is a local political party meeting. Partici-pants discuss and vote upon their party’s candidates,vote for local party leaders and discuss their party’splatform.
The event kicks off state-by-state delegate selection,prelude to the national conventions (Democrats willmeet in Philadelphia and Republicans will meet inCleveland, both in July), where party nominees are offi-cially chosen.
Here are seven things to watch for in the Iowa re-
Seven things to watch for at Iowa caucusesBOB JORDAN
@BOBJORDANAPP
See IOWA, Page9A
INSIDE
» Take a peek inside the Iowa caucuses. 8A» Billionaire behind Christie super PAC. 9A» How the Iowa caucuses work. 5B
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