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

Taking into consideration the boom in 2004/2005, and the decline by this year, If the home was purchased in
2002 what would be an average/reasonable increase in market price. I'm looking in Brigantine NJ and it varies from 20% to 80% increase in home asking price. I just need some kind of guideline. Also if we're talking relatively newer homes what is an average square footage price. I know this is a hard question, but I've seen an ave price on a newer home at $187 to $350 on an older home. I'm just trying to get a reasonable feel before puchasing in Brigantine.
Source: www.trulia.com

D you expect Brigantine, NJ property values to come down in the upcoming Fall and Winter months?
The home that I am interested in has been on the market for about 80 days. It is currently priced at the assessed value which is approximately $50K more than what the seller paid for it in October 2004. A comparable property across the street is listed at the same price, but needs a little bit of work - it is a flip that was purchased in August 2007 at $37K below the current asking price. Is it realistic to think that the seller would sell below the assessed value or only at a $20 to 35K profit over a 3 year period?
Source: www.trulia.com