23 N. BROADWAY
GLOUCESTER CITY, NJ 08030
“Lovely four bedroom Colonial home in the city for sale”. What a great Christmas gift that would make for a large family. Labbree Realty, a family business, has sold many fine homes during the last 59 years.
Bill Labbree, Sr. started in the real estate business with two other partners in an office in the neighboring Borough of Brooklawn. He had the opportunity to purchase the McGlade property on Broadway in Gloucester City and relocated there in 1979.
Bill Jr. joined his father in 1993 in presenting homes for sale to many repeat and new customers. He will be installed in 2010 as the president of the Burlington/Camden County Association of Realtors. The association provides educational services to realtors and participates in governmental legislation pertaining to real estate, veteran’s programs and promotes home ownership.
Bill Sr. said the increase in home values starting to change in 2000-2001 when the
stock market went haywire. “Instead of investing in the market, a snowball effect occurred which led to an increase of real estate investments,” he said.
Previous to those years, a real estate boom took place in 1995 and then started to fall in the late ‘90’s due to artificial inflation. “Property purchases were still a good investment even then”, said Labbree.
Family home sales continue to lead the market. First time buyers and single buyers have increased during this most recent period. An average home in the city may cost $120,000.
Row homes can be purchased for $90,000 depending on the condition of the property. Bungalows may cost $140,000. New construction homes can range up to $300,000.
“We find it fascinating when we see the renovations completed on the older homes. From the outside the appearance may not look changed, but to see what the homeowner has done with modern renovations is very satisfying,” said Bill, Sr.
The Mill Homes are the oldest in the city and in the mid ‘90’s they were rebuilt, renovated and sold. Some of the homes are of brand new construction due to the razing of the properties damaged in a fire.
Jean Labbree, also a licensed realtor, assists her husband and son in the professional modern office. Clients who are there to settle and close their purchase can be seated at a large table and take advantage of seeing several Cat’s Meow versions of Gloucester City buildings.
In other offices, a Frank Sinatra collection is part of the charm. Bill Jr.’s clients can enjoy his collection of Disney memorabilia.
Whatever office you may sit in, you can be assured of the finest service when it comes to one of life’s biggest purchases – a home. Labbree Realty is the House-Sold name.
Article/PHOTOS by Sara Martino
FUNDED BY THE GLOUCESTER CITY URBAN ENTERPRISE ZONE