Fair Haven, NJ Real Estate Market Report

By
Real Estate Agent with Keller Williams Realty - East Monmouth

Houses are selling in our Fair Haven!  As of today there are 43 single family homes listed for sale in town, ranging in price from a bungalow on Cedar Ave for $199,900 (on a 35 x 80 lot) to 9,000 square foot home on the Navesink at 191 Lewis Lane at $3,950,000. 

The great news is that there are 18 homes Under Contract.  That's a very healthy percentage of For Sale vs Under Contract!

Here are the closed sales in Fair Haven since the first of the year:

80 Buttonwood Dr - 3,225 sq ft Colonial built in 2010  SOLD for $1,447,000

127-A Harrison Ave - 2,200 sq ft Colonial built in 2011 SOLD for $738,700

97-A Third Street - 2,200 sq ft Colonial built in 2010 SOLD for $685,000

97 Third Street - 2,200 sq ft Colonial built in 2010 SOLD for $662,500

125 Linden Drive - 2,016 sq ft Colonial built in 1949 SOLD for $625,000

39 Cedar Ave - 2,100 sq ft Colonial built in 2010 SOLD for $560,000

86 Laurel Drive - 1,400 sq ft Ranch SOLD for $528,000

230 Oxford Avenue - 1,523 sq ft expanded Cape built in 1950 SOLD for $488,000

115 Maple Avenue - 1,612 sq ft Colonial built in 1952 SOLD for $267,000

79 Navesink Ave - 1,400 sq ft Victorian built in 1900 SOLD for $150,000

So, what we see here is a variation from you might expect... River Oaks homes selling for less than Third or Harrison will come as a surprise to many. Most of the homes that sold high on the list are NEW construction.  It is virtually certain that the homes on the list that sold for less will be replaced with new construction.  That's the way of the market.  We have seen enormous changes in neighborhoods.  Harvard Road, for example, one of the prettiest streets in town, is lined with lovely homes built from the 1920s-1950s.  Four perfectly nice homes have been recently replaced with four new homes, all selling well over one million. 

Call me for a confidential, up to the minute evaluation of your Fair Haven home.

 

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Susan McLaughlin

Monmouth County Real Estate
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