Ratio of "Distressed Sales" in Toms River, NJ, in March 2009 - 04/17/09 11:32 AM
Interesting observation:Out of the 35 CLOSINGS in March, 14 were in the $200,000 to $300,000 price range. Out of those 14, ONLY 1 was a "Short Sale"!What does that mean?It is my professional opinion that we are in the "trough" between "waves" of foreclosures. The CLOSINGS in March were the result of CONTRACTS signed in December and January. With the new, Obama Administration, the "freeze" on foreclosures, "loan modifications" and "Housing Recovery Legislation", we are experiencing a "stall" or "delay" in DISTRESSED SALES.I applaud the optimism of the current administration but, when over half of the previous "loan modifications" resulted in … (0 comments)

March Madness, in real estate, in Toms River, NJ - 04/06/09 04:13 PM
Monthly Real Estate Market Report for Toms River, NJ - March 2009

March by the numbers:
•·        35  The number of Single Family Homes CLOSED during the month 
•·        $372,063  Average LIST price for March* 
•·        $348,028  Average SALES price for the month* 
•·        116  Average DAYS ON the MARKET for March 
•·        93.54%  The SALES price to LIST price RATIO for the month 
•·        722  Number of Single Family Homes ACTIVE on the market in March 
•·        20.62  Number of MONTHS it would take to SELL OFF the existing supply of homes on the market, in Toms River, at … (0 comments)

 
Jim Flanagan (Coldwell Banker Flanagan Realty) Rainmaker_large

Jim Flanagan

Toms River, NJ

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Coldwell Banker Flanagan Realty

Office Phone: (732) 270-6100 x 101

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As the "First" COLDWELL BANKER Office in Ocean County, NJ, we pride ourselves on being "Pioneers" in our local market. The new frontier of Web 2.0 offers exciting opportunities and unique challenges. We welcome the discussions, debates and success stories on our journey to become "Champions" of the "next level" of real estate!


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