Homes are selling

By
Real Estate Broker/Owner with Resources Real Estate

Well, the real estate buyer decided to take their lives off hold and buy homes - taking advantage of the still low interest rates and the affordability factor that increased in the last couple of years with higher supply forcing homeowners to lower prices to match demand.

Currently there are 12 homes under contract in Rumson, and only four of those are over $2M. Out of the four properties, Resources Real Estate sold two. One we listed and sold, for a total of three transactions.   AS THEY SAY THREE OUT OF FOUR AIN'T BAD!! One of my major goals has been to stay lean and mean and not hire anybody and everybody. I strongly believe in quality not quantity. Our concept is to maximize the knowledge and experience in our boutique office rather than hire hordes of part times that rarely come into the office and sell maybe two properties a year.

                 

The average price of a home on the market today in Rumson is $1,804,367 with an average of 120 days on market.  Year to date closed and sold properties in Rumson shows 39 homes, the average selling price has been an overall average of $1,303,818 with with an on the market average 106 days on the market

January 2008 8 $1,781,737 $1,649,062 92.55%      
February 2008 6 $2,085,333 $1,926,167 92.37%      
March 2008 5 $1,117,780 $1,041,600 93.18%      
April 2008 7 $923,114 $873,929 94.67%      
May 2008 8 $1,346,725 $1,224,562 90.93%

Rumson has fared well with sale to list price year to date, we are seeing on average a 92.57% of list to sale. That is representative of our area being somewhat insulated from the national real estate numbers, and also smart pricing.  Ok, what about all those homes that have been on the market for ages that you drive by all the time? OVERPRICED

For the sake of losing you to sleep, I chose only one town to report. However I am happy to provide you with reports on your town. Just click here for a town report. Enter the town and we will be happy to supply. Just some of the towns we cover are:-

Little Silver, Fair Haven, Monmouth Beach, Atlantic Highlands, Sea Bright, Middletown, Holmdel, Colts Neck, Red Bank, Oceanport and Shrewsbury.

PRICE is the sole reason for a home not to sell, even if it shows terribly and is located next to a train track - there is a right price for it. We don't always want to find out what that price is, and that is ok. The beautiful thing about owning your own home is you can do what you want. SELL IT OR STAY RIGHT WHERE YOU ARE.

The great thing about real estate over say an investment like stocks - is that you get to live in your investment while the market continues to cycle up and down and up again. You can even decorate it!. You can't do that with stocks.

REMEMBER

Stocks are liquid assets; houses are not.

You can't improve a stock; you can improve your home.

A stock is an investment and nothing more; a house is your home.

Away from real estate for a second, although for those that know me may say that is impossible!  So, I am a little passionate about the subject of real estate.. In fact, I am in the process of making a real estate video, which will focus on pricing and staging. I shall be attempting to make it lively and humorous like my radio show, so not to lose anyone to sleep. More news on that later.

Went to see 'Get Smart' with my 13 year old daughter, it was cute and funny and not laced with sex, violence and cursing. We went to the movies in Atlantic Highlands - we love that movie theater. No sex, violence or cursing from the audience. Not always the case at the mall, I avoid that one wherever possible.

Went to The Avenue on Wednesday night for dinner with the board of Prevention First, we had our once a year dinner. I was extremely disappointed in the service, our waitress was surly at best. Never got our coffee, had to jump up and down for service, it was really loud, and I did not feel well the next day. So I would give it a thumbs down.

Went to a search engine optimization class last week at the Molly Pitcher - hosted by Brian Pasch - very informative. Anyone not getting what they want out of their site, just go to his website www.brianpasch.com It was an eclectic group, from a newspaper, scar and tattoo concealer products and Mr John the portaloo company. It was good to meet people in other industries and brainstorm ideas. In fact, I went to look at a horse with my daughter a couple of days after the seminar and the farm that we went to had a portable toilet, I would never have noticed before, but I even sneaked a peek at the vendor. There is business everywhere if you look!

The "Resourceful" went into the water this month for Summer viewings of waterfront properties. See beautiful waterfront homes here.

Had a bankruptcy attorney come into the office this week, which was very helpful.He gave us some interesting information. We keep our skills honed and want to stay abreast of information for our clients. Hopefully, none of our clients will need his services, but we know how to help, if and when any of clients are thinking of reorganizing their finances.

I am in the process of putting together a team of experts in several fields, that our clients can turn to. Divorce attorney, Financial planner, Counselor, Divorce Mediator and Bankruptcy attorney to start. Many times these services go hand in hand with a real estate situation and I want to have a team of experts on board to help.

WANTED:  Persons or Items needed by myself, my agent or my clients

  • Cleaning person 3 or 4 days per week.
  • Sales Person for inside/outside sales for website ads.
  • Part time bookkeeper one day per month.

 

Before you leave don't forget to look at the great homes we have available.

To talk to me direct call 732-212-0440 or visit my website www.carolynndiakon.com.

Stock prices fluctuate rapidly; house prices remain relatively steady.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
New Jersey Monmouth County Rumson
Tags:
real estate market
real estate
monmouth county real estate
current real estate market
rumson real estate

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
568,004
Pam Joffe
Solaris Realty - Tampa, FL

Hi Carolyn - That is a great idea to put a team of experts together like that. Good luck building your team.

Jun 27, 2008 04:25 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
3,930

Carolynn Ozar-Diakon

Ask me a question
*
*
*
*
Spam prevention

Additional Information