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market: Ocean County, NJ-Real Estate Report-First Quarter 2011 - 04/06/11 06:56 PM
Posted on April 4, 2011 by Jim Flanagan The Ocean County real estate market in the first quarter of 2011:
First Quarter of 2011 in Ocean County
This chart displays the sales and inventory of Single Family Homes in Ocean County, NJ. The high-lighted area focuses on the first quarter of 2011. As we can see, sales have steadily increased month-over-month but the supply of homes for sale has remained relatively stable at just over 19 months. Both of these factors could be attributed to March traditionally marking … (0 comments)
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market: How is the market in Ocean County, NJ? - 03/05/11 04:35 PM
Posted on March 5, 2011 by Jim Flanagan We are just over 2 months into 2011 and about to enter the traditional “Spring Real Estate Market” here in Ocean County, NJ. So, how is the market in Ocean County looking so far?
Looking back at January and February of this year, Ocean County saw 199 and 194 Single Family Homes sell (respectively). The median sales price averaged $260,000 for both months and the sales to list price ratio averaged 93%. We currently have over 21 months of inventory available in Ocean County, which means; at the current pace of sales, if … (0 comments)
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market: How's the Market this week in Toms River, NJ (Sept 13th, 2010)? - 09/13/10 03:09 PM
How's the real estate market in Toms River, NJ, this week? As the saying goes, "All real estate is LOCAL" and despite the dismal headlines over the last few weeks, sales of Single Family Homes in Toms River continue to surpass our neighbors! It is still a phenomenal "Buyer's Market" with an abundance of inventory, low home prices and record low mortgage rates. This week; new listings DID NOT outpace the number of homes absorbed (sold)! We will need to keep our eyes on this to see if a trend develops...otherwise, the market will continue to favor the buyer and this … (0 comments)
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market: How's the Market this week in Manchester, NJ (Sept. 13th, 2010)? - 09/13/10 02:11 PM
How's the real estate market in Manchester, NJ, for the week of September 13th, 2010? As the saying goes, "All real estate is LOCAL" and it is still a "Buyer's Market" with an abundance of inventory, lower home prices and record low mortgage rates. Let's take a look (Note; Altos Research does not differentiate between Single Family Homes and Adult Community Homes): Frames not supported Unfortunately, the Condo Market in Manchester appears to be diminishing as 2 units sold in the last week and BUT 3 new units came on the market: Frames not supported Home prices appear to be falling, … (0 comments)
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market: How's the Market this week in Island Heights, NJ (Sept. 13th, 2010)? - 09/13/10 01:40 PM
How's the real estate market in Island Heights, NJ? As the saying goes, "All real estate is LOCAL" and despite the dismal headlines over the last few weeks, sales of Single Family Homes in Island Heights appear to be stabilizing! It is still a "Buyer's Market" with an abundance of inventory (33 is an abundance in Island Heights), lower home prices and record low mortgage rates . Let's take a look: Frames not supported Fortunately, the Condo Market in Island Heights is specific and stable; there is only one community. There are currently 3 units on the market with no new … (0 comments)
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market: How's the Market in Brick, NJ, this week (Sept. 13th, 2010)? - 09/13/10 01:02 PM
How's the real estate market in Brick, NJ, for the week of September 13th, 2010? As the saying goes, "All real estate is LOCAL" and sales of Single Family Homes in Brick have slowed in the last 2 weeks. This may be the result of the late "Labor Day weekend/Back to School" affect? It is still a phenomenal "Buyer's Market" with an abundance of inventory, low home prices and record low mortgage rates and will continue to be as long as new listings outpace sales of existing inventory! Let's take a look: Frames not supported Unfortunately, the Condo Market in Brick … (0 comments)
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market: How's the Market in Toms River, NJ, this week (Aug 27th, 2010)? - 08/30/10 07:07 PM
How's the real estate market in Toms River, NJ, for the week of August 27th, 2010? As the saying goes, "All real estate is LOCAL" and despite the dismal headlines last week, sales of Single Family Homes in Toms River continue to surpass our neighbors! It is still a phenomenal "Buyer's Market" with an abundance of inventory, low home prices and record low mortgage rates. As long as new listings continue to outpace the number of homes absorbed (sold), the market will favor the buyer and it looks as if this "Extreme Buyer's Market" will be here a while. Let's take … (0 comments)
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market: How's the Market in Manchester, NJ, this week (Aug 27th, 2010)? - 08/30/10 03:05 PM
How's the real estate market in Manchester, NJ, for the week of August 27th, 2010? As the saying goes, "All real estate is LOCAL" and despite the dismal headlines last week, sales of Single Family Homes in Manchester appear to be stabilizing in certain price ranges. It is still a "Buyer's Market" with an abundance of inventory, lower home prices and record low mortgage rates. Let's take a look (Note; Altos Research does not differentiate between Single Family Homes and Adult Community Homes): Frames not supported Fortunately, the Condo Market in Manchester appears to be stabilizing as 5 units sold in … (0 comments)
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market: How's the Market in Island Heights, NJ, this week (Aug 27th, 2010)? - 08/30/10 02:06 PM
How's the real estate market in Island Heights, NJ, for the week of August 27th, 2010? As the saying goes, "All real estate is LOCAL" and despite the dismal headlines last week, sales of Single Family Homes in Island Heights appear to be stabilizing, in certain price ranges. It is still a "Buyer's Market" with an abundance of inventory (33 is an abundance in Island Heights), lower home prices and record low mortgage rates . Let's take a look: Frames not supported Fortunately, the Condo Market in Island Heights is specific and stable; there is only one community. There are currently … (0 comments)
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market: How' the Market in Brick, NJ, this week (Aug 27th, 2010)? - 08/30/10 12:01 PM
How's the real estate market in Brick, NJ, for the week of August 27th, 2010? As the saying goes, "All real estate is LOCAL" and despite the dismal headlines last week, sales of Single Family Homes in Brick appear to be stabilizing. It is still a phenomenal "Buyer's Market" with an abundance of inventory, low home prices and record low mortgage rates but sales outpaced new listings in Brick last week. Let's take a look: Frames not supported Unfortunately, the Condo Market in Brick was not as fortunate this week, with more homes coming on the market than those selling off. … (0 comments)
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market: How many were REO's and Short Sales? - 02/11/09 06:24 PM
My good friend and colleague, Charles Swope, asked me this very question after reading my post, http://activerain.com/blogsview/914699/Toms-River-NJ-Monthly-Market-Report-January-2009.
So, I did the very research Charles had inquired about and here are the results:
9 Single Homes CLOSED in Toms River, between $200,000 & $249,999, in January '09 3 of those 9 were "Short Sales" 2 of those same 9 were REO's (Real Estate Owned) (Bank Owned) So, more than HALF of the closings in Toms River, in January 2009, between $200,000 and $249,999, were "Distressed Sales"! I think a more significant question may be, "How many of these homes were purchased by … (0 comments)
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market: Outbreak of RDS (Rampant Denial Syndrome) Hits Toms River, NJ! - 12/02/08 11:42 PM
Some FASCINATING statistics for November in Toms River, NJ:
Statistics Summaries Report
Category - SingleFamily / Area: TOM - TOMS RIVER TWP / County: OceanStatistics for Entire MLS from 11/01/2008 to 11/30/2008
--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORSR We Never Stop Moving!Prepared by JAMES FLANAGAN of COLDWELL BANKER FLANAGAN REALT on 12/2/2008 8:50:07 AM
Why would I call them "fascinating"? Let's take a closer look, shall we?
•· 46 Homes CLOSED during November at an average price of $394,162
•· And ONLY 38 homes went UNDER CONTRACT at an average price … (0 comments)
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market: Back to School, Again! - 09/04/08 04:56 PM
Welcome back, to school that is!In her wonderful article, Inside the Mind of the Consumer, in the September issue of REALTOR magazine, author Wendy Cole quotes a top Chicago broker as he answers the question, "What exactly are buyers and sellers seeking these days?" His answer:"Nordstrom service, Disney innovation, and K Mart prices!"Today's "First Time Homebuyer" is a completely different consumer, or "mutant" as one of my salespeople might say, than the FTHB of the past! They have access to too much information and despite all that information, and misinformation, at their fingertips, they seem to take an almost "whimsical approach … (1 comments)
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market: Mid-Year Market Report for Toms River, NJ: - 07/01/08 06:35 PM
MLS PROFILE YTD - SOLD
Category - SingleFamily / Area: TOM - TOMS RIVER TWP / County: Ocean
As we can see, Toms River is exhibiting signs of STABILIZATION:
There are 6 Price Ranges that are showing increases over the same time last year! $100,000 to $250,000 is HOT; this is the "First Time Buyer's" Price Range! Overall, the market is only down 18% as opposed to the predicted 30% decline! The Best Time To Buy Was Yesterday:
As interest rates continue to rise, any savings the "fence sitting buyer" was hoping to capitalize on will be washed away even … (0 comments)
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market: Monthly Market Report for Toms River, New Jersey: - 06/03/08 03:18 PM
Sales and Inventory History for the month of May, 2008, Single Family Homes in Toms River: As we can see, the Toms River Market appears to be stabilizing; signaling the formation of a "bottom" and positioning itself for the eventual and inevitable "recovery" cycle. Prices may continue to decline in the next few months as the "pending" inventory closes but...BUYERS RISK A HIGHER MONTHLY PAYMENT for the same home by waiting on the fence because when the "recovery" starts, interest rates rise and even an increase of half a percent may result in some buyers waiting themseves right out of a home!
… (0 comments)
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market: Monthly Market Report for Toms River, New Jersey (April 2008) - 05/07/08 12:23 PM
Below is the Monthly Market Report for Single Family Homes in Toms River, New Jersey:
Sales and Inventory History Monday, May 05, 2008Category - SingleFamily
… (0 comments)
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market: "Lowball Offers on the Rise" - 03/21/08 01:44 PM
That was the headline of the lead article of the real estate section of Sunday's New York Times; Lowball Offers on the Rise
I remember discussing a similar article from MONEYmagazine about a year ago. That author reported that some buyers were basing their initial offers at 15% below asking price and making multiple offers in an effort to locate "motivated sellers". So what has changed? In her article, Lisa Prevost reports that today's buyers are now starting their negotiations at 20-25% below asking price...DUH! It's a BUYERS MARKET!
With almost ALL of New Jersey qualifying as a "declining market", as defined by Fannie-Mae, … (7 comments)
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Jim Flanagan
Toms River,
NJ
More about me…
Coldwell Banker Flanagan Realty
Office Phone: (732) 270-6100 x 101
Cell Phone: (908) 783-8682
Email Me
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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