Sometimes it’s really hard to get a true value of what is actually going on in your area by all the stats and news that are presented constantly. Real Estate is local. What may be going on across the country doesn’t necessarily mean that is what is happening in our own neighborhoods.
Below is a presentation of Closed Single family homes in Wall Township, NJ since January 2006 to present. I have been wondering how the sales values have actually been holding up over the last five years. If you’re curious too, read on.
This profile is the first of what I will present on a weekly basis, Town by Town, for you, to be the judge of what market conditions have been. It looks to me that the spike in the increased sales may have been a product of the tax credits available in 2010. There were 114 closed properties under $500,000 last year. The tax credits made a difference. I wish the government would initiate a new one.
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.
WALL TOWNSHIP 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 215 $570,922 $500,000 $175,000 $2,700,000 89
January 1, 2007 – December 31, 2007
Status Total Avg Price Median Low High Avg DOM
CLS 201 $567,631 $510,000 $235,000 $1,700,000 111
January 1, 2008 – December 31, 2008
Status Total Avg Price Median Low High Avg DOM
CLS 161 $560,356 $470,000 $100,000 $2,300,000 110
January 1, 2009 – December 31, 2009
Status Total Avg Price Median Low High Avg DOM
CLS 160 $487,817 $443,500 $150,000 $1,275,000 109
January 1, 2010 – December 31, 2010
Status Total Avg Price Median Low High Avg DOM
CLS 181 $487,190 $434,000 $130,000 $2,540,000 93
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®
Prompt, Professional and Personalized Service. Call me direct 732-684-1559 or email lucyk@remax.net. Check out my website, www.RealEstateLu.com for more great information.
--Information deemed reliable but not guaranteed--Copyright: 2011 by the Monmouth County Association of REALTORS®
Prompt, Professional and Personalized Service. Call me direct 732-684-1559 or email lucyk@remax.net. Check out my website, www.RealEstateLu.com for more great information.
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