The news reporters continue to report how bad the Real Estate market is. If you look at the market statistics taken from the Real Estate Multiple Listing System used in Camden County, New Jersey, you will realize that the reports are not entirely accurate. News reporters always seem to focus on the negative reports that come out, causing, in effect, more negativity to spread.
It is true that buyers are looking for a good deal~ but aren't they always? They are, however, purchasing homes. As a matter of fact, in October, November and December (07) alone, 1,160 residential homes were sold and 951 were put under contract in Camden County, NJ. The average sold value county wide for these homes this past quarter was $212,867.
The market is ever changing, and will continue to change as we grow as a society. The sales in 2007 are slightly lower then in 2006, but the average sale price overall was higher by more then $4,700. That is more then a 2% increase in value.
So, when reports are published or told to the public we can either put a positive spin on it, or point out the negative aspects. I prefer to see what we can do with what we have. There is so much to be taken from these statistics that prove what a great market we are in for both home buyers and sellers. Never before have sellers seen their values of their homes at these prices, the appreciation we saw in recent years has been very profitable for most homeowners. And buyers are now able to comparison shop until they feel comfortable the the price they are spending on a home is a good value, which they have not been able to do for many years.
If you are looking to sell your home, you only have one home to sell. Considering that there were 5,878 homes sold in Camden County in 2007, how hard is it to attract just one buyer to your home? Not hard at all. You need to obviously be competitive with your price and have your home in tip top shape for what you are asking, but with this in place, and a great Realtor (R) you will be on your way to moving into your new home.
Diane Testa
Re/Max Affiliates
http://www.dianetesta.com/
Office 856-589-4848
Cell 856-229-5533
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