Thursday, March 15, 2007

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...

7 Comments:

Anonymous rbyzell said...

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...

Thursday, March 15, 2007 10:39:00 PM  
Anonymous Anonymous said...

Doe anyone have a link to sales numbers per municipality in Monmouth County?

Friday, March 16, 2007 2:05:00 PM  
Blogger njcoast said...

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Withdrawn-175.........$722,755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

Friday, March 16, 2007 7:02:00 PM  
Anonymous rbyzell said...

hi nj coast. thanks for that info. it is very helpful. where did you get it?

Friday, March 16, 2007 9:01:00 PM  
Blogger njcoast said...

Stats above are from the Monmouth County MLS.

Saturday, March 17, 2007 11:49:00 AM  
Anonymous Anonymous said...

Great information njcoast. Is this public information on the website or Members Only?

I could not find it on www.momls.com.......

Saturday, March 17, 2007 12:22:00 PM  
Anonymous Anonymous said...

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.

Saturday, March 17, 2007 8:40:00 PM  

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