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royster real estate: Wrongfully Switched Deed... - 06/10/09 12:12 PM
Dear fellow active rain members, I have a question I'm sure someone here can answer for me. I have a friend who allowed her fiancé to purchase a couple of investment properties in her name & with her credit.
 To make a long story short, the homes are now in foreclosure. I put one of the houses on the market to see if we could short sale it, but we've recently found out that the fiancé had the deeds switched out of her and name without her knowledge.
My question is would we still be able to sell the house though … (1 comments)

royster real estate: Plainfield, NJ market analysis for February 2009 - 03/19/09 09:32 AM
Plainfield, NJ market analysis for February 2009
Compared to January 2009
 
 
 
 
February:                                                           January:
Active Listings = 385                                             394
            Average LP = $ 262,598                             $ 267,960
New Listings    = 53                                               68
            Average LP = $ 283,570                             $ 265,735
Under Contract= 20                                               9
            Average LP = $ 198,858                             $ 219,197 
Sold Listings    = 12                                                14
            Average SP = $ 187,610                             $ 197,810
            Average DOM = 105                                   106  
            Average SP/LP = 93%                                95%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
(0 comments)

royster real estate: Somerville, NJ market analysis for February 2009 - 03/19/09 09:20 AM
Somerville, NJ market analysis for February 2009
Compared to January 2009
 
 
 
 
February:                                                           January:
Active Listings = 58                                             61
            Average LP = $ 323,768                           $ 321,275
New Listings    = 9                                               14
            Average LP = $ 305,160                            $ 313,414
Under Contract= 0                                                7
            Average LP = $ 0                                      $ 268,469
Sold Listings    = 2                                                 5
            Average SP = $ 332,500                            $ 234,600
            Average DOM = 70                                    102  
            Average SP/LP = 99%                                93%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
 
(0 comments)

royster real estate: Bridgewater, NJ market analysis for February 2009 - 03/19/09 09:12 AM
Bridgewater, NJ market analysis for February 2009
Compared to January 2009
 
 
 
 
February:                                                           January:
Active Listings = 314                                           293
            Average LP = $ 525,869                           $ 527,266
New Listings    = 86                                             69
            Average LP = $ 484,297                            $ 524,486
Under Contract= 23                                              31
            Average LP = $ 418,530                            $ 463,749
Sold Listings    = 19                                               23
            Average SP = $ 355,947                            $ 477,925
            Average DOM = 97                                    94  
            Average SP/LP = 95%                                95%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
 
(0 comments)

royster real estate: Plainfield, NJ market analysis for November - 01/04/09 09:13 AM
Plainfield, NJ market analysis for November 2008
Compared to October 2008
 
 
 
 
November:                                                              October:
Active Listings =  428                                              462                               
            Average LP = $ 281,312               … (0 comments)

royster real estate: Somerville, NJ market analysis for November - 01/04/09 09:04 AM
Somerville, NJ market analysis for November 2008
Compared to October 2008
 
 
 
 
November:                                                             October:
Active Listings = 70                                               85                               
            Average LP = $ 336,334             … (0 comments)

royster real estate: Somerset, NJ market analysis for November - 01/04/09 08:52 AM

Somerset, NJ market analysis for November 2008
Compared to October 2008
 
 
 
 
November:                                                              October:
Active Listings = 461                                                518                               
            Average LP = $ 382,791           … (0 comments)

royster real estate: Bridgewater, NJ market analysis for November - 01/04/09 08:43 AM

Bridgewater, NJ market analysis for November 2008
Compared to October 2008
 
 
 
 
November:                                                           October:
Active Listings = 317                                           365
            Average LP = $ 534,184                             $ 530,101
New Listings    = 43         … (1 comments)

royster real estate: Plainfield, NJ market analysis for October - 11/08/08 05:52 PM
Plainfield, NJ market analysis for October 2008
Compared to September 2008
 
 
 
 
October:                                                              September:
Active Listings = 451                                                477                               
            Average LP = $ 286,081                                $ 294,736
New Listings    = 63                                                  57
            Average LP = $ 247,822                                $ 266,131
Under Contract= 16                                                  17
            Average LP = $ 198,737                                $ 341,018
Sold Listings    = 13                                                    16
            Average SP = $ 276,338                                $ 232,997
            Average DOM =  96                                       79
            Average SP/LP = 93%                                    96%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.  
(1 comments)

royster real estate: Somerville, NJ market analysis for October - 11/08/08 05:45 PM
Somerville, NJ market analysis for October 2008
Compared to September 2008
 
 
 
 
October:                                                             September:
Active Listings = 84                                                 87                               
            Average LP = $ 333,279                               $ 337,446
New Listings    = 11                                                 18
            Average LP = $ 285,043                               $ 336,439
Under Contract= 7                                                   6
            Average LP = $ 333,557                               $ 286,800
Sold Listings    = 5                                                    3
            Average SP = $ 271,300                               $ 279,800
            Average DOM = 74                                       72
            Average SP/LP = 96%                                   99%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed. 
(0 comments)

royster real estate: Somerset, NJ market analysis for October - 11/08/08 05:38 PM
Somerset, NJ market analysis for October 2008
Compared to September 2008
 
 
 
 
October:                                                              September:
Active Listings = 507                                                554                               
            Average LP = $ 380,315                                $ 406,988
New Listings    = 71                                                 107
            Average LP = $ 345,108                                $ 391,593
Under Contract= 50                                                  47
            Average LP = $ 327,059                                $ 343,984
Sold Listings    = 43                                                   54
            Average SP = $ 339,517                                $ 325,019
            Average DOM = 86                                        82
            Average SP/LP = 97%                                    95%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.  
 
(0 comments)

royster real estate: Bridgewater, NJ market analysis for October - 11/08/08 05:28 PM
Bridgewater, NJ market analysis for October 2008
Compared to September 2008
 
 
 
 
October:                                                           September:
Active Listings = 361                                             394
            Average LP = $ 535,904                             $ 550,914
New Listings    = 61                                               79
            Average LP = $ 448,492                             $ 483,486
Under Contract= 36                                               32
            Average LP = $ 420,179                             $ 511,825
Sold Listings    = 33                                                41
            Average SP = $ 450,784                             $ 463,021
            Average DOM = 73                                     70  
            Average SP/LP = 96%                                 95%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
(0 comments)

royster real estate: Listings vs. Just Having a House on the Market - 10/12/08 12:57 PM
Is there a difference between a good “listing” and “just having a house on the market.” I would have to say “yes.” Having a good listing means having a
 
home that is reasonably priced for the on-going market. If the home is priced too high (especially in this market) the chances of it selling are weakened.
 
On the other hand, if the home is priced too low, then the home owners may be left thinking they could have received more for their home. 
 
 
Another key to a good listing is a motivated seller. The highly … (2 comments)

royster real estate: Plainfield, NJ market analysis for September 2008 - 10/12/08 12:01 AM
Plainfield, NJ market analysis for September 2008
Compared to August 2008
 
 
 
 
September:                                                              August:
Active Listings = 470                                                505                               
            Average LP = $ 298,847                                $ 299,721
New Listings    = 57                                                  69
            Average LP = $ 270,181                                $ 287,575
Under Contract= 18                                                  19
            Average LP = $ 332,361                                $ 233,476
Sold Listings    = 14                                                    15
            Average SP = $ 229,536                                $ 305,733
            Average DOM =  69                                       95
            Average SP/LP = 96%                                    97%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.  
(2 comments)

royster real estate: Somerville, NJ market analysis for September 2008 - 10/11/08 11:56 PM
Somerville, NJ market analysis for September 2008
Compared to August 2008
 
 
 
 
September:                                                             August:
Active Listings = 84                                                 80                               
            Average LP = $ 342,031                               $ 339,620
New Listings    = 17                                                 20
            Average LP = $ 341,264                               $ 297,954
Under Contract= 7                                                   1
            Average LP = $ 273,507                               $ 250,000
Sold Listings    = 2                                                    8
            Average SP = $ 253,250                               $ 305,700
            Average DOM = 65                                       64
            Average SP/LP = 98%                                   96%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed. 
(0 comments)

royster real estate: Somerset, NJ market analysis for September 2008 - 10/11/08 11:50 PM
Somerset, NJ market analysis for September 2008
Compared to August 2008
 
 
 
 
September:                                                              August:
Active Listings = 545                                                590                               
            Average LP = $ 411,035                                $ 405,488
New Listings    = 105                                                 95
            Average LP = $ 395,126                                $ 370,599
Under Contract= 51                                                  69
            Average LP = $ 352,681                                $ 349,012
Sold Listings    = 48                                                   55
            Average SP = $ 332,106                                $ 336,275
            Average DOM = 82                                        79
            Average SP/LP = 95%                                    96%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.  
(0 comments)

royster real estate: Bridgewater, NJ market analysis for September 2008 - 10/11/08 11:43 PM
Bridgewater, NJ market analysis for September 2008
Compared to August 2008
 
 
 
 
September:                                                           August:
Active Listings = 386                                             380
            Average LP = $ 557,709                             $ 563,104
New Listings    = 77                                               64
            Average LP = $ 491,374                             $ 483,889
Under Contract= 32                                               28
            Average LP = $ 521,434                             $ 469,978
Sold Listings    = 35                                                55
            Average SP = $ 475,520                             $ 475,832
            Average DOM = 68                                     52  
            Average SP/LP = 96%                                 96%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
(0 comments)

royster real estate: Jack O' Lantern taking a hit...? - 10/09/08 11:57 PM
With all that's going on today, wall street crashing, gas prices rising (although lately they have been coming down), and all the foreclosures affecting various markets, I hear even Jack O' Lantern is taking a hit too. Due to weather conditions in certain areas, pumpkins used for craving during this festive time of year will be scarce.
Luckily for my 2 youngest (Jordyn & Jaden), along with my 2 God-children (Cj & Simone) they were able to get their slim pickings at the Hillsboro Farm's Pumpkin Patch last weekend. They enjoyed hayrides, a blow-up haunted house, and some good old running … (3 comments)

royster real estate: Family Day - 10/01/08 10:18 PM
 
 
Last Sunday was family day at Shiloh Baptist Church in Plainfield, NJ. My wife was a part of the committee that put together the weekend long service that turned out to be a wonderful fun-filled family event.
 
It was a fun game of “Family Feud” Friday evening, family prayer on Saturday from 6 a.m. to 6 p.m., then Family Day service on Sunday. 
 
It was a relaxed service, as we dressed alike in our yellow & blue colors, as well as inspiring as the Pastor preached about the importance of family and how important it is … (4 comments)

royster real estate: Plainfield, NJ market analysis for August 2008 - 09/09/08 05:58 PM
Plainfield, NJ market analysis for August 2008
Compared to July 2008
 
 
 
 
August:                                                                   July:
Active Listings = 501                                                511                               
            Average LP = $ 303,274                                $ 306,176
New Listings    = 67                                                  80
            Average LP = $ 294,396                                $ 312,758
Under Contract= 18                                                  22
            Average LP = $ 245,342                                $ 227,386
Sold Listings    = 13                                                    15
            Average SP = $ 317,769                                $ 242,584
            Average DOM =  102                                     108
            Average SP/LP = 97%                                    97%
 
 
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.  
 
(1 comments)

 
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Eugene Jones

Somerville, NJ

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Weichert Realtors

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