Wednesday, November 01, 2006

Dwek Properties Will be on the Web

Between the Dwek and Kara Homes disasters, traffic has been pouring into this blog the past few months. I wouldn't be surprised if people are also visting the Asbury Park Press website more often. You know, the APP is not just three day old Associated Press clippings and Jason's Furniture ads, they actually do some original reporting too, sometimes.
From the Asbury Park Press



That is the sound a Superior Court judge hopes will be repeated 275 within the next six months as a way to sell off the tens of million of dollars in properties owned by embattled real estate mogul Solomon Dwek.

Judge Alexander D. Lehrer this afternoon gave approval to a private company to market all of Dwek's properties via the Web. The company, Wick-Sitar of Monmouth County, will build the Web site and posts pictures and detailed summaries for each property. "

Full article...


Anonymous Anonymous said...

Are these going to be totally "as it" with no opportunity to actually view the property in person...may the buyer beware... kinds of sales???

Wednesday, November 01, 2006 9:12:00 PM  
Anonymous Anonymous said...

It would be great to see more people with some actual insight into the RE market in the next year. There have been plenty of great questions and topics brought up but left ignored. Lately, only angry, ex-Kara or Dwek people are venting.
I would like to know more factual information on the future of the Jersey Shore market b/c some people are actually planning to buy at a shore town soon. I don't see a lot of factual information to go on, except the Kara business. Many potential home buyers do not care about that, exisitng SFH sales would be more useful.
The viewer counter shows 19 hits....not too much feedback go on.

Wednesday, November 01, 2006 10:38:00 PM  
Blogger njcoast said...

Here are the most recent closings in some coastal Monmouth County towns according to the Monmouth County MLS (Single Family only)

Sea Girt
7/06-orig. list price-$3,200,000
10/06- closed price-$2,500,000

4/06- OLP-$1,049,000
10/06-closed price-$867,000

3/06- OLP-$625,000
10/06- closed price-$450,000

Spring Lake
6/05- OLP- $1,349,000
10/06- closed price- $910,000

8/05- OLP-$1,250,000
10/06- closed price-$805,000

10/06- closed price-$285,000

Bradley Beach
10/06-closed price-$617,000

Asbury Park
10/06-closed price-$180,000

10/06-closed price-$1,450,000

Long Branch
1/06- OLP-$989,000
10/06-closed price- $829,000

Monmouth Beach
10/06-closed price-$1,175,000

Sea Bright
10/06-closed price-$312,000

10/06-closed price-$652,000

10/06-closed price-$312,000

Atlantic Highlands
9/06-closed price-$340,000

Looks like these buyers were not afraid to lowball!

Wednesday, November 01, 2006 11:49:00 PM  
Anonymous Anonymous said...

Thanks njcoast for posting this information. I have been wondering about lowball offers in Monmouth/Ocean. Is there any way that the general public can access sales data in the MLS or is it restricted to realtors? I would like to see a weekly lowball feature on this blog like the one they have on the northern nj re blog.

Thursday, November 02, 2006 1:31:00 AM  
Anonymous Anonymous said...

I agree with anonymous#2 100%. I know 'LittleSilver's' expertise/interest in in the North & Central Jersey Shore Markets but would really like to see some more info on the South Jersey markets (aka 'Philly Shore'). Ton of listings in Ocean City and Wildwood, both of which seem to have be drastically overbuilt. Auctions have started in the Wildwoods but tough to get info what actually sold and for how much$$$$.

Thursday, November 02, 2006 8:42:00 AM  
Anonymous Anonymous said...

Thank you NJ Coast for the numbers. It is like pulling teeth asking realtors or builders what is really going on in th market. They seem to think the line "this place is different" works for the shore, where "the prices only stay strong".

Thursday, November 02, 2006 10:25:00 AM  
Blogger njcoast said...

Here's some more stats for Monmouth County for the month of October (sorry I can't get Ocean County). Single Family homes.

YEAR 2006 2005 2004 2003

New list 2224 2098 1703 1622

Contract 831 912 1093 1016

Closed 624 1058 1104 1173

Withdrawn 376 375 272 314

Expired 1141 522 419 428

See any trends?

Thursday, November 02, 2006 12:08:00 PM  
Blogger njcoast said...

Oops- not contract withdrawn- it's conditionally withdrawn- the customer takes the listing off the market before the listing expires.

Thursday, November 02, 2006 12:12:00 PM  
Blogger Little Silvered said...

That is not a viewer counter. The counter that you see at the end of the blog keeps track of how many people have signed up for an automatic RSS feed. I actually have 604 "unique" visitors as of about 8:00PM. That is, 604 different IP addresses have logged in to view this blog today. I get about 500 to 1000 per day.

Thursday, November 02, 2006 8:14:00 PM  
Anonymous Anonymous said...

Two are mine, Sil. I read your blog at home and at work.

Do postings pick up in the summer months, like most other stuff at the shore?

Thanks for the effort. Love your blog. The dream of owning a place at the beach still beats strong in my heart.

Thursday, November 02, 2006 8:41:00 PM  
Anonymous Anonymous said...

"That is not a viewer counter"...That is good to know! I was wondering how come it seemed no one was viewing this blog - It is great and I too read it everyday. I am taking my time, but am in the market to buy at a shore town, and the articles and feedback are very helpful. As I have learned, and I hope others will too, the mass media and people in the real estate industry are not quite honest. Thanks again.

Friday, November 03, 2006 8:03:00 AM  

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