home prices: Toms River Real Estate Market Report for the First Quarter of 2011 - 04/10/11 12:27 PM
by Jim Flanagan on April 6, 2011
in Uncategorized
Single Family Homes in Toms River (First Quarter 2011):  
Toms River Real Estate-1st Quarter 2011
This chart displays the sales and inventory of Single Family Homes in Toms River, NJ.  The high-lighted area focuses on the first quarter of 2011.  As we can see, sales dropped in February before spiking in March but the supply of homes for sale spiked in February and dropped in March (despite the current inventory increasing by over 120 homes)!  Both of these factors could be attributed to March traditionally marking the beginning of the “Spring … (0 comments)

home prices: Retirement Homes in Ocean County, NJ-First Quarter 2011 - 04/09/11 05:30 AM
Posted on April 6, 2011 by Jim Flanagan Ocean County’s Adult Community Real Estate Market Report for the First Quarter of 2011:







Adult Communities in Ocean County-1st Quarter







This chart displays the sales and inventory of Homes in all of the Adult Communities in Ocean County, NJ.  The high-lighted area focuses on the first quarter of 2011.  As we can see, sales dipped in February but rebounded strongly in March.  Both of these factors could be attributed to a “snowier” than usual January in 2011. The … (0 comments)

home prices: Ocean County, NJ-Real Estate Report-First Quarter 2011 - 04/06/11 11:56 AM
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)

home prices: Move UP in a DOWN Market in Ocean County, NJ! - 03/19/11 09:04 AM
Posted on March 18, 2011 by Jim Flanagan In our last post, There May Be a Window of Opportunity OPEN for “Move Up” Home-Buyers in Ocean County, we wrote about the economic and financial conditions that may make the next 90 days the “perfect” time to MOVE UP to your next home in Ocean County, NJ.  We are so confident about this “opportunity” for our local residents, that we decided to make a video to better illustrate the benefits of “Moving Up” soon:
CLICK HERE TO WATCH VIDEO!
If you agree with us and believe that this just may be the … (0 comments)

home prices: How is the market in Ocean County, NJ? - 03/05/11 08:35 AM
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)

home prices: Will the Groundhog see it's "Shadow Inventory" in Ocean County, NJ? - 02/02/11 02:40 AM
Will the Groundhog see it's "Shadow Inventory" in Ocean County? Will Home-Sellers in Ocean County, NJ, SEE the benefits of an early Spring by listing and pricing their homes to sell? Or will they SEE their "Shadow Inventory" come to market and suffer 6 more MONTHS of Wintry Price Declines?February 2nd may be Groundhog Day to most of us, but if you NEED to SELL your home in Ocean County this Spring, February 2nd may be the day you see the light and list your home for sale with a professional at a compelling price!Here's why:
Fannie Mae is delaying their … (2 comments)

home prices: What does the "Shadow Inventory" mean for home-buyers in Toms River, NJ? - 01/21/11 09:52 AM
What does the "Shadow Inventory" mean for Home-Buyers in Toms River, NJ? We received this great comment on our last post, What is this "Shadow Inventory" and how will it affect the real estate market in Toms River, NJ, from Jeff Coon, of Freedom Mortgage: For buyers, this does not mean you should wait, however- getting into a home with a low interest rate loan that is now available ( & may not be for much longer )and starting to build equity will offset any small reduction in the value of the home you are buying. Homes should not be bought … (0 comments)

home prices: What is this "Shadow Inventory" and how will it affect the housing market in Toms River, NJ? - 01/17/11 04:50 AM
What is this "Shadow Inventory" and how will it affect the real estate market in Toms River, NJ? We keep hearing the term, "shadow inventory" thrown around the real estate room these days. Exactly what is it and how will it affect me in Toms River, NJ?Shadow Inventory refers to the "as of yet" unknown number of homes currently "in foreclosure" which have NOT been released to the market yet by the banks!Slide courtesy of Keeping Current Matters!So, what does that mean to me?Well, if you NEED to SELL your home in Toms River, in 2011, there is currently a 13 … (3 comments)

home prices: What will happen in the Housing Market, in Ocean County, NJ, in 2011? - 01/03/11 02:54 AM
What will happen in the Housing Market in Ocean County, NJ, in 2011? Before we can guess-timate at what may happen in the housing market in Ocean County, NJ, in 2011, we must take a look back and recognize exactly what occurred in real estate in 2010. Here's a short video summarizing the significant events in housing last year and their repercussions: As we plainly see, the government's intervention in the housing market was well intended but mostly ineffective. The 3 major initiatives; Mortgage Modification (HAMP), The Home-Buyer Tax Credit and the unprecedented purchase of Mortgage Backed Securities, were all designed … (0 comments)

home prices: How's the Market this week in Toms River, NJ (Sept 13th, 2010)? - 09/13/10 08:09 AM
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)

home prices: How's the Market this week in Manchester, NJ (Sept. 13th, 2010)? - 09/13/10 07:11 AM
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)

home prices: How's the Market this week in Island Heights, NJ (Sept. 13th, 2010)? - 09/13/10 06:40 AM
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)

home prices: How's the Market in Brick, NJ, this week (Sept. 13th, 2010)? - 09/13/10 06:02 AM
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)

home prices: How's the Market in Toms River, NJ, this week (Aug 27th, 2010)? - 08/30/10 12:07 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)

home prices: How's the Market in Manchester, NJ, this week (Aug 27th, 2010)? - 08/30/10 08:05 AM
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)

home prices: How's the Market in Island Heights, NJ, this week (Aug 27th, 2010)? - 08/30/10 07:06 AM
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)

home prices: How' the Market in Brick, NJ, this week (Aug 27th, 2010)? - 08/30/10 05:01 AM
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)

home prices: Home Prices in Toms River, NJ, for the week of August 23rd, 2010 - 08/25/10 06:38 AM
Frames not supported … (1 comments)

home prices: Who wants to have some fun? - 06/04/09 06:35 AM
I originally recorded this video last week, after reading Matthew Ferrara's post Points of Perception.  In his post, Matthew proposes that the reason today's home-buyers are still sitting on the proverbial fence, despite; abundant inventory, lower home prices and historically low mortgage rates; may be because the "process" of buying a home today is not fun!
This got me to thinking:
What could I, as a local real estate broker, do to get the message out; buying a home today, in Toms River, NJ, can be alot of fun!  So, here's what I came up with.  Please let me know what … (4 comments)

home prices: Get Off The Fence in Toms River, NJ - 05/27/09 03:25 PM
Riddle me this Batman; if the lowest home prices and mortgage rates in years, combined with an abundance of homes to choose from, make this the BEST time in recent history to purchase a home, why are so many buyers still sitting on the fence?
Well, while I can't speak for the rest of the country, I can certainly voice my opinion about the real estate market in Toms River, NJ!
Click here to see my weekly TRRET (pronounced treat), which is my acronym for Toms River Real Estate Trends!
Please feel free to comment, criticize or voice your own opinion … (0 comments)

 
Jim Flanagan (Coldwell Banker Flanagan Realty)

Jim Flanagan

Toms River, NJ

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Coldwell Banker Flanagan Realty

Office: 732(270) 610-0101

Mobile: (908) 783-8682

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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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