But at Least Hoboken Did Well
March 15 (Bloomberg) -- Toll Brothers Inc. Chief Executive Officer Robert Toll said the spring selling season has been ``pretty much a bust'' and he can't predict when the housing recovery will begin.
``When will the market rebound?'' Toll said at a conference in Las Vegas today. ``Who knows? The Shadow knows. I have no idea. I would've thought that it would've rebounded by now and I would've been dead wrong, and I was.''
Profit at homebuilders has plunged since the five-year housing boom ended a year ago. Rising inventories of unsold homes and hesitation by potential buyers on concern that the price of their house will drop has stifled sales.
Full article...
``When will the market rebound?'' Toll said at a conference in Las Vegas today. ``Who knows? The Shadow knows. I have no idea. I would've thought that it would've rebounded by now and I would've been dead wrong, and I was.''
Profit at homebuilders has plunged since the five-year housing boom ended a year ago. Rising inventories of unsold homes and hesitation by potential buyers on concern that the price of their house will drop has stifled sales.
Full article...
posted by Little_Silvered at 9:28 PM
7 Comments:
ah yes! maybe this summer instead of the sound of banging hammers, i will only hear the sound of waves breaking. and... no more pushing sales women in those horrible business suits they wear, making their way through summer visitors. no more centex, kara, etc, etc...
Doe anyone have a link to sales numbers per municipality in Monmouth County?
Here are some stats for Monmouth County for February 2007. Single Family homes only
Avg. list price
New-1,122.............$698.109
Under contract-530....$554,660
Closed-300............$532,765
Withdrawn-175.........$722,755
Expired-294...........$694,816
Currently active-4502.$772,877
Closed avg DOM-107 days
%SP/LP-93.54%-remember it is from LAST list price not original list price
----------------------------------
Sales by town Feb 2007
Town-#closed
Avg list price at close
Ave closed price
Aberdeen-12
$326,002
$307,575
Allenhurst-0
Allentown-2
$352,450
$343,750
Asbury Park-7
$386,971
$350,786
Atlantic Highlands-2
$419,450
$403,750
Avon-0
Belmar-3
$608,000
$564,333
Bradley Beach-3
$624,467
$592,500
Brielle-3
$549,666
$604,333
Colts Neck-3
$2,033,000
$1,825,000
Deal-0
Eatontown-5
$378,500
$360,600
Englishtown-0
Fair Haven-9
$932,974
$885,833
Farmingdale-0
Freehold Boro-8
$300,587
$284,438
Freehold Twp-10
$570,539
$533,450
Hazlet-11
$359,591
$335,436
Highlands-3
$615,967
$577,167
Homdel-8
$551,413
$531,438
Howell-25
$457,529
$444,574
Interlaken-0
Keansburg-4
$203,687
$201,000
Keyport-1
$229,900
$214,500
Lake Como-4
$328,000
$278,263
Little Silver-6
$751,283
$692,917
Loch Arbour-0
Long Branch-9
$652,733
$516,278
Manalapan-17
$607,018
$588,340
Manasquan-3
$800,333
$760,000
Marlboro-9
$589,711
$561,500
Matawan-5
$443,900
$434,760
Middletown-35
$459,984
$393,364
Millstone-2
$719,950
$666,000
Monmouth Beach-2
$881,950
$797,500
Neptune City-2
$329,450
$314,500
Neptune Twp-23
$354,143
$338,013
Ocean Twp-8
$400,325
$331,450
Oceanport-3
$606,300
$583,300
Red Bank-6
$487,300
$443,833
Roosevelt-0
Rumson-7
$1,166,542
$1,091,993
Sea Bright-0
Sea Girt-1
$1,850,000
$1,500,000
Shrewsbury Boro-3
$554,633
$526,667
Shrewsbuty Twp-0
Spring Lake-1
$2,350,000
$2,000,000
Spring Lake Heights-4
$553,000
$515,000
Tinton Falls-4
$442,423
$451,375
Union Beach-3
$188,100
$104,242
Upper Freehold-3
$414,333
$376,667
Wall-17
$661,512
$622,441
West Long Branch-4
$453,450
$429,250
hi nj coast. thanks for that info. it is very helpful. where did you get it?
Stats above are from the Monmouth County MLS.
Great information njcoast. Is this public information on the website or Members Only?
I could not find it on www.momls.com.......
RE: rbyzell, couldn't agree more re: those business suits. I'd never buy a house from a woman unless she was wearing a skirt. It's just the way I am.
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