South Jersey Appreciation

[Joe S.]

Hi Guys,

What tools, other than the MLS, do you guys use to analyze market appreciation? I am looking in Gloucester, Camden and Burlington Counties but would like to break down the appreciation in the local markets. I live in Gloucester County and own a rental in Camden County. My rental in CC has seen zero appreciation since it dipped in 2008. So before I jump in and buy another I would like to be able to get a general idea of how the market is performing.

Any ideas would be appreciated, thanks!

[Stephen Kappre]

Hey @Joe S. primarily I use the MLS. You can also consider other factors such as transit lines, business activity, areas of gentrification. If you bought at the height of the market in 2008 there are still plenty of areas that are just now getting close to "breaking even" based on values from those times (and mortgages owed!)