toms river: Bad News for Builders may be Good News for REALTORS
- 01/16/09 05:49 AM
The Asbury Park Press ran an article on the front page of their Business Section today entitled, Bad news besets Shore builders. Despite the dramatic headline, author, David P. Willis' article suggests that the "bad news" for builders may be "good news" for REALTORS! Mr. Willis references Economist, Patrick J. O'Keefe, Director of Economic Research at J.H.Cohn LLP, who spoke to the gathering of the Shore Builders Association of Central Jersey Inc. at the Quality Inn in Toms River, on Wednesday night. According to Mr. O'Keefe, "The health of the new home market depends on the resale market. Sales of existing … (0 comments)
toms river: Relay for Life of Toms River Kick Off Party
- 01/12/09 08:25 AM
YOU are Invited to the Relay For Life of Toms River Kick Off Party At the Ritacco Center! Join the party and find out how you can help us CELEBRATE, REMEMBER and FIGHT BACK! January 16, 2009 7-9pm Poland Springs Arena, Ritacco Center Old Freehold Road, Toms River Please RSVP 1.800.ACS.2345 For more info; http://main.acsevents.org/site/TR?pg=entry&fr_id=14162
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toms river: 2008 Year End Report for Toms River, NJ
- 01/02/09 05:14 AM
The best thing that could be said about 2008 Real Estate in Toms River, NJ; "It's OVER!" Looking at the numbers (2008 compared to 2007): SALES of "Single Family Homes" in Toms River, were DOWN almost 15% The Average Listing Price for a "Single Family Home" was DOWN about 6.5% The Average Sales Price for a "Single Family Home" was DOWN about 6.5% The Sales Price to List Price Ratio remained STEADY at roughly 94% The Average "Days on the Market" remained STEADY at roughly 94 days There is currently 12 months of inventory AVAILABLE (SAME as this time last year)! What does it … (0 comments)
toms river: Top 10 Project Paybacks in Toms River, NJ
- 12/30/08 04:13 AM
According to Remodeling Magazine's, 2008 Cost vs. Value Report, 9 out of the top 10 project paybacks are "exterior" remodeling projects: Once again, exterior remodeling projects lead the way for recovery on dollars spent in this year's Cost vs. Value survey. When you compare the national averages, replacement projects that boost curb appeal-siding, windows, and decks-give you the greatest chance of recouping your money. Inside, only kitchen remodels can compare, at least on a national level. 1. Upscale fiber cement siding (86.7%) 2. Midrange wood deck (81.8%) 3. Midrange vinyl siding (80.7%) 4. Upscale foam-backed vinyl (80.4%) 5. Midrange minor kitchen … (0 comments)
toms river: Outbreak of RDS (Rampant Denial Syndrome) Hits Toms River, NJ!
- 12/02/08 03:42 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)
toms river: My Blackberry Has Been Buzzing All Afternoon!
- 11/25/08 07:51 AM
It's 4pm(EST) and I have received no less than 3 e-mails alerting me to the Fed's decision to purchase X amount of mortgage backed securities and the subsequent effect this announcement has had on interest rates. Isn't technology wonderful? In order to verify this information, I went to Inman News and sure enough; here's their release...Isn't technology wonderful! Then, I log on to activerain and see that Rob Rauf (see Rob's post here) has already posted this news...Isn't technology wonderful? So, if technology is so wonderful, why aren't more real estate agents in Toms River, NJ, using it to get this … (3 comments)
toms river: Riddle Me This, Batman...
- 11/12/08 02:31 AM
Within the last 2 weeks, I have been questioned by a couple of our better Listing Agents as to why our company does not list RENTALS. Apparently, there are a significant number of unsuccessful sellers in the Toms River, NJ, market that would like the "option" to rent their home if they cannot sell it at their price.So, let's look at this conundrum from the three significant perspectives; first, the Agent's Perspective: It's a tough market out here. We have 14 months of inventory here in Toms River and none of my listings are selling, so why can't I make a … (4 comments)
toms river: Back to School!
- 09/03/08 10:03 AM
Today marked the return to the classroom for school children across Ocean County, NJ. By most accounts it was a long, dry, hot summer. Am I talking about the weather? An interesting analogy could be drawn between this past "Summer Break" and the Summer Real Estate Market here in Toms River... "We want to be in our new home before school starts." Traditionally, these words meant the three months of June, July and August were our biggest closing months here at the Jersey Shore. But if we compare 2007 with 2008, two of those three months were down from the same … (1 comments)
toms river: National Housing Report: June Sales and Prices Down (Except in Toms River, NJ)
- 07/30/08 05:35 AM
NAR Releases June's Housing Market Report:The National Association of Realtors recently released their housing numbers for June 2008. Here's a brief synopsis: Nationally; sales were down 16.4% and prices were down 7.9% versus June 2007 Northeast; sales were down 19.9% and prices were down 3.0% " " South; sales were down 18.2% and prices were down 4.5% " " Midwest; sales were down 18.2% and prices were down 4.8% " " West; sales were down 10.1% and prices were down 17.2% " " What does all this information mean? Well, according to the "National Media Outlets", it's the beginning of the … (0 comments)
toms river: Perception Is Reality
- 07/17/08 01:55 AM
and so, misperception is fantasy?According to most of the major news sources; Fannie Mae and Freddie Mac are on life support and Indy Mac should be tried as a war criminal. Combined with the current price for a gallon of gasoline and the "weakness" of the U.S. dollar, one would be INSANE to buy a home today, right?"Buy Low, Sell High"That's how one makes money in the stock market. Well, that's also how one makes money in the real estate market! After all, real estate is a commodity, an investment and a tax shelter. But it's more: It's a dream (Home … (2 comments)
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)
--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORS� … (0 comments)
toms river: 21st Annual Scuba Flea Market
- 02/15/08 09:20 AM
Personally, I believe one of the greatest benefits of living at the "Jersey Shore", is the recreational capacity of the OCEAN herself! As an avid scuba diver, I have traveled far and wide to such exotic locations as Fiji, Cocos Island (Costa Rica) and the Turks & Caicos Islands but...given my druthers...by far the BEST DIVING in the world is right here off the "Jersey Shore"! If you are as avid a scuba diver as I am, or, as we locals say, "a warm water wuss", or you're just plain interested in finding out more about what lies beneath the waves of … (1 comments)
toms river: Economic Stimulus Package Passes US Senate
- 02/08/08 12:45 PM
Pasted below is a copy of an e-mail I received from our mortgage advisor today: The Economic Stimulus Package has passed the U.S. Senate and is heading to the President’s desk next week for his signature. You may or may not know, but a big piece of the package is allowing the conforming loan limit(currently $417,000) and the FHA loan limit(roughly $362,000) to be increased as high as $729,750 The specific limit will be based on high-cost areas, which we are normally a part of. I will keep you informed as to the final decision and how our business will be impacted. This will allow … (3 comments)
toms river: Monthly Market Report for Toms River, New Jersey
- 01/31/08 08:59 AM
The first month of 2008 has officially come to a close, business wise, and here are the numbers as reported through the Monmouth-Ocean MLS*: Single Family Homes-Toms River-Ocean County-01/01/08 to 01/31/08: New 208 Avg List $512,302 Under Contract 61 Avg List $389,223 Avg DOM 84 Closed 36 Avg List $340,056 Avg Closed $321,334 Avg DOM 102 %SP/LP 94.49% Currently Active (as of today) 768 Avg List $504,222 Avg DOM 108 *These numbers reflect the shore municipalities of Ortley Beach, Normandy Beach, Lavalette, etc... **This information is deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORS … (0 comments)
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!
The Asbury Park Press ran an article on the front page of their Business Section today entitled, Bad news besets Shore builders. Despite the dramatic headline, author, David P. Willis' article suggests that the "bad news" for builders may be "good news" for REALTORS!
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