Great Local Market Conditions Info.
The Realty Times is a website for Realtors that has a section that allows Realtors to post what local market conditions are like. In general, this information is useless as the market condition descriptions are not supported by any hard data.
However, this local Realtor (Joyce Carter) has posted some worthwhile and interesting information about the real estate market in Monmouth County, and in a few individual towns, including Rumson and Sea Bright.
In short, and as suspected, sales are down and inventory is up across Monmouth County.
Here is some of the data that was posted for Rumson:
Q4 2004 Listing Supply:...........................................58
Q4 2004 Projected Absorption (in months):..................9
Q4 2005 Listing Supply:...........................................98
Q4 2005 Projected Absorption (in Months):................14
To see the full information go to this link for:
Rumson
Middletown
Sea Bright
Monmouth County
Atlantic Highlands
The Realtor (Joyce Carter) who provided this info. on Realty Times, an otherwise useless website, deserves to commended for making this useful information available.
However, this local Realtor (Joyce Carter) has posted some worthwhile and interesting information about the real estate market in Monmouth County, and in a few individual towns, including Rumson and Sea Bright.
In short, and as suspected, sales are down and inventory is up across Monmouth County.
Here is some of the data that was posted for Rumson:
Q4 2004 Listing Supply:...........................................58
Q4 2004 Projected Absorption (in months):..................9
Q4 2005 Listing Supply:...........................................98
Q4 2005 Projected Absorption (in Months):................14
To see the full information go to this link for:
Rumson
Middletown
Sea Bright
Monmouth County
Atlantic Highlands
The Realtor (Joyce Carter) who provided this info. on Realty Times, an otherwise useless website, deserves to commended for making this useful information available.
posted by Little_Silvered at 12:53 PM
4 Comments:
I am interested in the Point Pleasant Beach area. I called on a few homes for sale listed this week, (they were older, in need of work and not too close to the ocean). The asking prices were $790k and $664k. We are talking about 3bdrm/1.5 bath fixer-uppers. I think they were each 200k overpriced. Does anyone have info. about price reductions, market, etc. for this area?
I agree. This is usually a useless report promoted by the RE industry. KUDOS to her...............there still are a few honest ones.
I looked at another home today in Pt. Pleasant. It was originally 665k, now reduced a bit. Relator tells me to buy now, fix it up gradually, blah, blah. She is trying to convince me I can simply sell it and move again if I find something I like better later...(possible more commission again for her) She thinks I should stop paying rent/"someone else's mortgage". She made me feel like I was living in a bubble not that there is a housing bubble. She also said if I made a low ball offer I wouldn't be taken seriously. This is some scary information from her.
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