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Monmouth Beach, NJ - Real Estate Market Facts, Jan. 9, 2008

Sales and Inventory History

Wednesday, January 09, 2008
Category - SingleFamily / Area: MON - MONMOUTH BEACH / County: Monmouth
Month Year Monthly Sales Avg ListPrice Avg Sale Price % Diff Sell/list Avg DOM Curr Inventory Months Inventory
January 2005 6 $926,783 $900,150 97.13% 54.0 15 2.50
February 2005 2 $869,500 $837,500 96.32% 20.0 21 10.50
March 2005 4 $1,150,975 $1,074,975 93.40% 55.0 22 5.50
April 2005 N/A $0 $0 0% 0.0 23 0
May 2005 4 $1,280,750 $1,182,500 92.33% 69.0 27 6.75
June 2005 4 $737,975 $713,500 96.68% 89.0 23 5.75
July 2005 3 $1,166,633 $1,090,000 93.43% 52.0 21 7.00
August 2005 3 $509,333 $478,333 93.91% 62.0 25 8.33
September 2005 4 $1,211,175 $1,168,000 96.44% 121.0 27 6.75
October 2005 5 $871,760 $819,980 94.06% 58.0 26 5.20
November 2005 7 $1,119,057 $1,049,571 93.79% 119.0 18 2.57
December 2005 2 $759,900 $742,500 97.71% 49.0 15 7.50

Total 44 $963,986 $914,274 94.84% 68.0 24 6.21

January 2006 2 $997,000 $950,000 95.29% 68.0 24 12.00
February 2006 3 $1,159,300 $1,105,300 95.34% 108.0 27 9.00
March 2006 2 $1,372,000 $1,225,000 89.29% 72.0 29 14.50
April 2006 2 $2,022,500 $1,918,750 94.87% 35.0 32 16.00
May 2006 1 $575,000 $565,000 98.26% 109.0 41 41.00
June 2006 1 $895,000 $860,000 96.09% 38.0 47 47.00
July 2006 2 $1,080,000 $1,018,500 94.31% 24.0 40 20.00
August 2006 2 $1,022,450 $972,500 95.11% 93.0 41 20.50
September 2006 4 $859,975 $789,375 91.79% 99.0 38 9.50
October 2006 1 $1,199,000 $1,175,000 98.00% 127.0 40 40.00
November 2006 3 $1,149,600 $1,081,667 94.09% 107.0 37 12.33
December 2006 2 $1,339,000 $1,200,000 89.62% 68.0 30 15.00

Total 25 $1,139,235 $1,071,758 94.08% 79.0 36 21.40

January 2007 1 $629,000 $550,000 87.44% 179.0 34 34.00
February 2007 1 $964,000 $945,000 98.03% 45.0 35 35.00
March 2007 6 $1,147,133 $1,038,333 90.52% 104.0 33 5.50
April 2007 1 $1,349,000 $1,350,000 100.07% 63.0 36 36.00
May 2007 4 $963,675 $880,750 91.39% 84.0 42 10.50
June 2007 3 $1,517,967 $1,423,333 93.77% 65.0 42 14.00
July 2007 4 $1,202,250 $1,122,500 93.37% 92.0 41 10.25
August 2007 2 $1,815,000 $1,729,500 95.29% 238.0 45 22.50
September 2007 N/A $0 $0 0% 0.0 37 0
October 2007 5 $999,740 $888,000 88.82% 150.0 37 7.40
November 2007 1 $524,900 $525,000 100.02% 9.0 36 36.00
December 2007 2 $857,250 $777,500 90.70% 119.0 33 16.50

Total 30 $1,088,174 $1,020,901 93.82% 104.4 41 20.70


Total 0 0% N/A N/A N/A

Total 2005-2008 99 $797,849 $751,733 94.22% 62.8 25 12.00

Note: The "Current Inventory" column reflects the number of active listings on the market on the 31st day of each Month.The "Months of Inventory" column is equal to the "Current Inventory" divided by the "Monthly Sales". This reflects how many months it would take to sell out of inventory at the current month's rate of sale.
--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORS®

Posted by Maureen Kelly on 01/09/2008 12:57 PM

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