A look at Value Bradley Beach Single Family

This is my weekly view at the Jersey Shore Market focusing on Bradley Beach, Single Family homes.   Bradley Beach is a lovely family oriented seaside community between Avon by the Sea and Ocean Grove with a downtown filled with shops and eateries.  A train station in town makes it very convenient for commuters. 

In this analysis of closed Single family homes from January 2006 to December 2010, it looks like 2007 was the year.   That year, Bradley Beach hit the highest closed price and closed properties numbers.  The next two years head down until increased activity in 2010 which I attribute to the tax credits for buyers program.

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.

BRADLEY BEACH, 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          36            $538,670                 $537,500                 $204,000                 $880,000                 82

January 1, 2007 – December 31, 2007

Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM

CLS          43            $624,272                 $550,000                 $297,000                 $1,150,000              108

January 1, 2008 – December 31, 2008

Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM

CLS          28            $510,172                 $500,000                 $250,000                 $900,000                 118

January 1, 2009 – December 31, 2009

Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM

CLS          17            $405,288                 $380,000                 $175,000                 $725,000                 53

January 1, 2010 – December 31, 2010

Status      Total        Avg Price                 Median                   Low                         High                  Avg DOM

CLS          29            $539,443                 $525,000                 $300,000                 $1,290,000              91

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.

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 2^nd 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®
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.

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.

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.