Is Brigantine NJ overpriced?

Is Brigantine NJ overpriced?
Seems that Brigantine NJ still has 2005 house pricing...700 properties for sale (population 12,500).......The realtor agreed........I'd like to make a bid on a $550,000 which has been on the market over 6 months about $80,000 lower.......Is this insulting? feel if i pay top dollars the house will never appreciate......
Source: www.trulia.com

I'm looking to buy a home in Brigantine, NJ. I've noticed the homes on the north side are a littlte more
reasonably priced than elsewhere in brigantine. From what I hear the greenheads are a big problem on the north side. Do you know anything about this problem. I don't want to buy a house and then not be able to sit on the porch because of the greenies, yet I could get a really nice newer home closer to my price range. Thanks
Source: www.trulia.com