--Edison and the Township of Edison New Jersey, News & Events--
Please be advised, due to the predicted heavy snow storm the following will be closed on Wednesday, February 10th.
*Stelton and Minnie B. Veal Community Centers
*Edison Animal Shelter
*TOWNSHIP PUBLIC SCHOOLS Closed
The Catherine "Cathy" Chaudemanche Team-
Local, Full Time, Informed & Involved. Realtor Associate with Keller Williams Realty. Servicing Home Buyers and Sellers in Greater Middlesex County, New Jersey.
Cathy's involvement in the community also includes hosting and running free First Time Home Buyers Workshops. Local down payment programs and grants, concessions, incentives and lending opportunities are there for Middlesex County home buyers who are aware of them. Cathy fills the gap by providing local, practical and timely information to help home buyers to benefit themselves.
If you would like to set up your very own individual tutorial, at no cost or obligation complete the post-Workshop form now.
If you are serious about selling your home in this challenging market contact me now to set-up a listing appointment. Serious home sellers only please.
*If you would like us to publicize efficiently and at no charge your Edison events (Grand opening, community events, commercial events, local news, local press releases, etc...) simply email us (cathyteamnj at aol dot com) at least 72 hours prior with the exact content to include. We might make some slight changes to your content in order to optimize it for Internet searches.
Those Fords NJ market reports are for Fords residential homes only; they do not include Fords condos or townhouses. Fords NJ homes stats are calculated and published monthly with data from the Middlesex County Multiple Listings System (MLS). Fords NJ homes inventory numbers are also from the Middlesex County MLS.
Those Metuchen market reports are for Metuchen residential homes only; they do not include Metuchen condos or townhouses. Metuchen homes stats are calculated and published monthly with data from the Middlesex County Multiple Listings System (MLS). Metuchen homes inventory numbers are also from the Middlesex County MLS.
Days of Inventory (DOI) has increased 71.1% versus December due to the increased number of new homes. At 375 days, it means it would take about 12 months to sell all existing inventory at the same absorption rate. A market with over 6 months supply would usually qualify as a buyer's market. A market with less than 6 months of supply would usually qualify as a seller's market.
The average sold price has slightly increased (0.9% Vs December). The median sold price decreased 3.9%.
SP/AP ratio stays at 94%. In average, sellers are accepting offers at 94% of their last asking price. Please note that I mentioned "last asking price" and not "original asking price" which is very different. As a general rule, houses that sell are houses that are very close to their current market value as calculated through a Comparative Market Analysis.
Another real estate statistic is Days on Market or DOM which has slightly increased to 91 days. Meaning that it takes about 3 months in average to go under contract. A word of caution with this indicator as it is not a cumulative DOM. Meaning the clock re-starts with any new contract for the same home. This is a good example of the better value of looking at those statistics, which is more in the trend analysis than in a specific number at a specific given time.
That's the end of our local market commentary based on Middlesex County NJ real estate statistics. As always, contact me if any questions.
Middlesex County NJ Real Estate Statistics for January 2010
Those Middlesex County real estate statistics include residential one family only. They do not include townhouses, condos, co-ops, multi-family, commercial properties, etc... Data is from the Middlesex County Multi Listing System (MLS) and is the basis for our Middlesex County NJ market commentary.
Middlesex County Real Estate Statistics
January 2010*
Previous Month**
January 2009***
Active Inventory
2385
2127 (12.1%)
2623 (-9.1%)
New Homes Listed
724
321 (125.5%)
706 (2.5%)
Sold Homes
197
301 (-34.5%)
170 (15.8%)
Median Sold Price (MSP)
$299,900
$312,000 (-3.9%)
$320,000 (-6.3%)
Average Sold Price (ASP)
$334,396
$331,191 (0.9%)
$363,115 (-7.9%)
Sold Price/Asking Price (SP/AP)
94.00%
94.00%
95% (-1%)
Days on Market (DOM)
91
90 (1.1%)
82 (10.9%)
Days of Inventory (DOI)
375
219 (71.1%)
504 (-25.6%)
*Middlesex County Real Estate Statistics Calculated on *02/07/2010 **Calculated on 01/04/2010 ***Calculated on 02/10/2009
Middlesex County NJ Market Commentary for January 2010 - Part 1
For Middlesex County NJ, the number of new homes listed in January has increased 125.5% to 724 homes compare to new homes listed in December. It is also higher than January 09.
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has increased to 2385 homes for sale in Middlesex County NJ as of 02/07/2010. The Active Inventory has been consistently decreasing since last April and is the first increase since then.
This month's absorption rate (197) or number of sold homes has decreased 34.5% versus last month but increased versus last year (15.8%). Buyers are definitely profiting from the grants, incentives available, low interest rates and the overall homes price decrease.
--Edison and the Township of Edison New Jersey, News & Events--
Please be advised, due to the predicted heavy snow storm expected to begin Friday evening the following will be closed on Saturday, February 6th.
*Stelton and Minnie B. Veal Community Centers
*Edison Animal Shelter
*All three Edison Library branches
The Catherine "Cathy" Chaudemanche Team-
Local, Full Time, Informed & Involved. Realtor Associate with Keller Williams Realty. Servicing Home Buyers and Sellers in Greater Middlesex County, New Jersey.
Cathy's involvement in the community also includes hosting and running free First Time Home Buyers Workshops. Local down payment programs and grants, concessions, incentives and lending opportunities are there for Middlesex County home buyers who are aware of them. Cathy fills the gap by providing local, practical and timely information to help home buyers to benefit themselves.
If you would like to set up your very own individual tutorial, at no cost or obligation complete the post-Workshop form now.
If you are serious about selling your home in this challenging market contact me now to set-up a listing appointment. Serious home sellers only please.
*If you would like us to publicize efficiently and at no charge your Edison events (Grand opening, community events, commercial events, local news, local press releases, etc...) simply email us (cathyteamnj at aol dot com) at least 72 hours prior with the exact content to include. We might make some slight changes to your content in order to optimize it for Internet searches.
Please find below a list of open houses in Edison NJ for Sunday February 7, 2010. Those are public Edison open houses. Open houses are a good way to start understanding what you can get for your money. They are listed for Edison homes by property types (Houses, Condos, Adult Community), number of bedrooms and asking price.
Please find below a list of open houses in Metuchen NJ for Sunday February 7, 2010. Those are public Metuchen open houses. Open houses are a good way to start understanding what you can get for your money. They are listed for Metuchen homes by property type (Houses, Condos, Adult Community), number of bedrooms and asking price.
Please find below a list of open houses in Piscataway NJ for Sunday February 7 2010. Those are public Piscataway open houses. Open houses are a good way to start understanding what you can get for your money. They are listed for Piscataway homes by property type (Houses, Condos, Adult Community), number of bedrooms and asking price.
Please find below a list of open houses in Woodbridge NJ for Sunday February 7, 2010. Those are public Woodbridge open houses. Open houses are a good way to start understanding what you can get for your money. They are listed for Woodbridge homes by property type (Houses, Condos, Adult Community), number of bedrooms and asking price.
Middlesex County City
Zip Code
Address
Property Type
bedrooms
List Price
Open House Date
Woodbridge
07095
310 COLUMBUS AV
House
4
$344,900
2/7/2010
Woodbridge
07095
215 MARTOOL DR
House
3
$297,900
2/7/2010
To see if you qualify for the local American Dream and the Smart Start down payment programs and other incentives contact me anytime. More about Woodbridge Real Estate in New Jersey.
For a list of open houses this coming Sunday in Middlesex County NJ, click on the following link: Middlesex County open houses
Catherine "Cathy" Chaudemanche Woodbridge Realtor Associate Agent Leadership Council Keller Williams RealtyMiddlesex County NJ Market Center-
I provide local, insightful and timely real estate information, statistics & Commentary and Community events for Metuchen, Edison, Piscataway, Iselin, Fords, Colonia, Woodbridge, South Plainfield...and greater Middlesex County in New Jersey. I keep my blog simple and clean. I add posts a few times a week so I invite you to bookmark it or subscribe and come back often-
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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