Friday, April 8, 2011

A Look at Value - Wall Township

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.
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®

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