Market News...The Buzz

By
Real Estate Broker/Owner with Resources Real Estate

Greetings!

Well the news is good. Real Estate sales are steadily improving again for the second quarter of 2010. As of June 9th 2010 the overall market is up 24.97% from this time last year. The biggest increase in sales is in the high end market, which is good news for the luxury seller. It is also good news for the buyers, as in large part it is price driven and the higher end of the market has shown us some especially good buys. Obviously too good to pass up for the buyers who enjoyed both the savings and the low interest rates.

  

 

I am happy to announce that each one of my listings will not have their own domain name. Making it even easier to find our listings on the internet

 

 

 

Market Buzz

For a look at towns that have had dramatic sales increases. Our market report gives you the up date market buzz. To find out how your own home might fit into this picture, give me a call. Individual pricing is dependent on supply and demand at the time of pricing, and how your price point is performing. Each town is a sub market of a larger market and each price point is a sub market within that. The numbers below represent the increase in sales, not prices. Price Increase will not occur until there is more buyers than sellers, basic supply and demand.

Atlantic Highlands

+13.33%

Fair Haven

-19.23%

Little Silver

+117.64%

Middletown

+48.81%

Monmouth Beach

-35.71%

Oceanport

+100.00%

Red Bank

+10.04%

Rumson

+120.00%

 

Information supplied by Monmouth County Board of Realtors and is deemed accurate but not guaranteed. Single Family Homes Year to Date sales vs last year same time frame. Jan 1 - June 17th.

 

LUXURY MARKET 

The most interesting thing in the local market recovery is that in many cases it was the luxury market led the way. Using the same year to date single family formula, it is good news for sellers and buyers alike. Over $1M

 

Bay Head

+100.00%

Spring Lake

+100.00%

Rumson

+166.66%

 

 Information supplied by Monmouth County Board of Realtors and is deemed accurate but not guaranteed. Single Family Homes over $1M year to date sales vs last year same time frame. Jan - June 17th 49 Dogwood Lane, Fair Haven $1,487,500 

234 3rd St. Fair Haven $725,000

41 Wardell, Rumson $1,600,000

13 North St, Rumson $575,000

44 Park Ave, Rumson  $545,000

27 Asbury Ave, Oceanport $680,000

42 Hill Rd, Atlantic Highlands $555,000

10 Sleepy Hollow Rd, Middletown $1,962,500

280 Portland Rd, Middletown $2,275,000

53 Woodbine Ave, Little Silver, $455,000

1524 Ocean Ave, Sea Bright $1,575,000

12 Sussex Rd, Holmdel $680,000

 

Not all of our listings were in MLS, some of our clients prefer discretion. We are happy to accomodate those that are looking for quiet sale.

 

Please feel free to contact me directly for a discreet market opinion on your home.  Carolynn

Carolynn Ozar-Diakon
RESOURCES Real Estate

732 212 0440

www.resourcesrealestate.com

carolynn@resourcesrealestate.com

 

 

Comments (1)

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

I sure hope the Buzz is correct for all areas in the market-it is nice to see things happening and hope they will continue.

Jun 22, 2010 06:26 AM