Monday, April 11, 2011

A Look at Value - Beautiful Belmar, New Jersey

Below is a presentation of Closed Single family homes in Belmar, NJ since January 2006 to present.  Belmar looks like it’s been on a Roller Coaster Ride in terms of values and DOM’s.  Overall, it doesn’t look like value-wise it has taken a BIG hit.  Perhaps due to the community, the proximity to the ocean, the quality of life that Belmar affords.  However, if you look at the number of sales year to year, that has taken a significant drop.  The days on market have increased.  The increased activity once again in 2010 I would attribute to the tax credits for buyers.
This profile is the 2nd installment of what I will present on a weekly basis, Town by Town, for you, to be the judge of what market conditions have been.  Belmar still regardless seems to be strong in the Jersey Shore as far as sales in comparison to other Shore Towns.
If there is a specific a specific question you have, please contact me.  I cover the Middlesex, Monmouth and Ocean county area.  With my primary focus being the Jersey Shore.  I hope you find this information helpful.  Wishing you Great Success in all your Real Estate Dreams.
BELMAR, NJ CLOSED AS REPORTED THROUGH THE MLS BY YEAR – TAKE A LOOK AND COMPARE
January 1, 2006 – December 31, 2006
Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM
CLS          60            $701,176                 $520,500                 $240,000                 $2,500,000              83
January 1, 2007 – December 31, 2007
Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM
CLS          39            $636,344                 $530,000                 $272,000                 $2,000,000              117
January 1, 2008 – December 31, 2008
Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM
CLS          33            $716,172                 $575,000                 $139,000                 $2,750,000              124
January 1, 2009 – December 31, 2009
Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM
CLS          32            $709,734                 $491,000                 $155,000                 $1,950,000              108
January 1, 2010 – December 31, 2010
Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM
CLS          45            $643,578                 $480,000                 $165,250                 $1,800,000              106
This CMA is not an appraisal and should not be considered the equivalent of an appraisal.
--Information deemed reliable but not guaranteed--Copyright: 2011 by the Monmouth County Association of REALTORS®

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