In this analysis of closed CONDO/TOWNHOUSE properties, you will find that prices PEAKED in 2006 and 2007 in Wall Township. Then noticeably going down with the market slide showing less units closed, lower prices and longer time on the market.
In 2010, the prices seem to still be adjusting up slightly but never to the price levels that the Condo/Townhouse market were getting in 2006 and 2007.
WALL TOWNSHIP, 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 37 $389,624 $375,000 $250,000 $630,000 78
January 1, 2007 – December 31, 2007
Status Total Avg Price Median Low High Avg DOM
CLS 47 $387,049 $370,000 $257,000 $1,150,000 96
January 1, 2008 – December 31, 2008
Status Total Avg Price Median Low High Avg DOM
CLS 39 $373,192 $360,000 $220,000 $552,500 115
January 1, 2009 – December 31, 2009
Status Total Avg Price Median Low High Avg DOM
CLS 31 $324,677 $310,000 $190,000 $467,500 117
January 1, 2010 – December 31, 2010
Status Total Avg Price Median Low High Avg DOM
CLS 36 $333,014 $320,000 $171,250 $515,000 114
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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