Fed Funds Rate Remains at 0-0.25% Fabuous time to invest in real estateor refinance your existing property. With Covid 19 hitting us hard in 2020 manyhomeowners realize that their existing
A look at Absecon, NJ 08201
Dated: 12/03/2019
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Real Estate Update- A Look At Absecon, NJ 08201 By Gary D. Simmens
Gary D. Simmens of Keller Williams Atlantic Shore - December 2019
Real Estate Update 
A Look At Absecon, NJ 08201 By Gary D. Simmens
Broker /Associate at Keller Williams Atlantic Shore Realtors
Absecon is a scenic historic city located in southern New Jersey and was named for the Absegami tribe of Native Americans . Originally a town in 1872, Absecon incorporated in 1902 to a city. "OBB-CEE-CON" as some miss pronounce it over the years, historic Absecon which borders Pleasantville, Galloway Township, Egg Harbor Township and AC is locatedjust 4 miles from the Atlantic City beaches, casino activities, and easy travel access to Philadelphia and numerous towns with Rt 30, New Road and Shore Road, and the AC Expressway and NJ Parkway close by.
Absecon, offers something for everyone: parks, recreational sports, quality wildlife locals, boating, fishing and crabbing opportunities, restaurants, shopping, an active historical society and a highly recognized school system. The school system has an arrangement of sending high school students to Pleasantville High School for many years now, however, it is recently looking into possibly arranging a new contract with bordering Galloway Township in the future. Absecon is also home to the private well known Holy Spirit High School.
With over 8,100 residents, Absecon is a major hub connecting the White Horse Pike-Rt 30 to AC, which offers plenty of shopping and eateries, and the old town flare and charm with its New Jersey Ave shops and businesses. Real estate sales have picked up in 08201 zip code in the past year with the improved local and national economy.
Home inventory has thinned out, with the $275,000 and below price range moving quickly now. The highest single family home to sell recently in Absecon was a stunning contemporary with skyline views of AC from the distance for $620,000, in the Absecon Shores area this past January. The most expensive commercial property to sell in the past year was a big 200 room hotel on Rt 30- WHP on 5 acres for $2,900,000.00 back in December. The median sales price has gone up the last two years in a row, and homes are moving faster and closer to asking -list price in the $300,000 price and below range.If you thinking of buying a home, now is a perfect storm opportunity with the all time low mortgage interest rates!
Learn more at website www.GarySimmens.com
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