sjrealestateblog.com

You may be wondering how our recent market is holding up compared to the past few years.  Is it a buyers market? sellers market? or is there a market?

I happen to belong to a local MLS (Multiple Listing Service) that is composing current market stats for agent to pass onto their clients!

Here is what you will find when you look at the Single Family Home Sales Report for January

County                         Units                      Average Sale Price                   PRICE CHANGE             

Gloucester               98                    $217,000                           DOWN .46% from 2009

Camden                  181                  $206,000                           UP 14.44% from 2009

Burlington                169                  $248,000                           DOWN 3.8% from 2009

Here is what you will find when you look at the Condo Sales Report for January

County                         Units                      Average Sale Price                   PRICE CHANGE             

Gloucester               10                    $144,000                           DOWN 7.1% from 2009

Camden                  12                    $197,000                           UP 35% from 2009

Burlington                23                    $187,000                           UP 9.3% from 2009

Call me anytime for a snapshot of your neighborhood!

So, in the slowest of slow months it appears as though at least 25 families found new homes in the month of December in Washington Township (Gloucester County), New Jersey.

Washington Township encompasses Sewell, Turnersville, parts of Blackwood, Glassboro and Sicklerville. 

Here are a few statistics:

18 Single family homes ranging from $120,000 to $650,000 sold with an average market period of 125 days.  No new homes were listed in the month of December.

7 Townhomes/Condos ranging from $100,000 to $190,000 sold with an average market period of 120 days.  No new Townhomes or Condos were listed in the month of December.

If you are wondering what your home is worth in today's market, give me a call!

I'll be happy to pull up some statistics for you!

Bridget Cella

Re/Max All Pros

609-352-1667 cell

So you have tried going it on your own.  But it hasn't quite worked out for you.  Whether you are a buyer or seller, you need the knowledge and guidance of a professional!

In todays market of high inventory and short sales and foreclosures entering the market place it is more important than ever to have your home priced according to the current market.

When I say current I mean homes that have sold in the last few weeks, not just homes that are for sale.  You need to be sure you are buying and selling at the right price!

Once a home is under contract and the buyers have applied for their mortgage the mortgage company will send out their appraiser to find the most recent homes in and around the area to use as comps.  This will tell the mortgage company whether or not the buyers are paying fair market value.  Mortgage companies will not lend more than what the appraised value of the home is!

So what can Weichert do for you?

Weichert is a full service company that offers many services,

"A One Stop Shop" including title, mortgage, insurance, moving services, utility transfer, etc.

To get your copy of this informative brochure or to set up your appointment with me today please feel free to contact me at any time!

Bridget Cella 609-352-1667

www.sjrealestateonline.com

mail to: bridget@sjrealestateonline.com

Here are some statistics you might find insightful:

 In this time of market insecurity I would like to give you a quick snapshot of what I saw today when I opened my local Multiple Listing Website (Trend)

Are you surprised? or is it what you figured? 

The fact that the inventory has actually reduced (if only by 9) but the Inv. Accumulation (or Inventory Accumulation - or market absorption is the length of time that it will take to sell all of the inventory on the market if no other homes were listed at the current rate of pending home sales per month) shows you that we are truly in a buyers market.

What makes the market, a buyers market?

If there is more than 6 months of inventory accumulated then it is a buyers market!

DON'T FORGET ~ THIS SNAPSHOT JUST SHOWS SINGLE FAMILY HOMES IN GLOUCESTER TOWNSHIP!

So what are you waiting for? 

If your in the market for a single family home in Gloucester County you have 2,283 to choose from!

Narrowing it down!

Ok, so you are in the market?  Great!

Here are a few things to think about (sometimes it helps to write them down) It's important to write down your needs as opposed to your wants.

• How many bedrooms do you need?
• Do you have a minimum bathroom requirement?
• Do you need a basement?
• Do you need a garage?
• Schools  - do you want to stay in the same district
• Proximity to work
• Is a fence important?
• Do you want to live in a development?
• How much can I afford?

The list can literally go on and on - prioritize your needs (and wants) and be ready to make a compromise!  Rest assured your Realtor will assist you every step of the way!

I want to welcome anyone and everyone to join me as often as you like for a little insight into the Real Estate market in Gloucester, Camden, Burlington, Salem and Cumberland Counties!

Not only will I inform you of current and local information about Real Estate, Mortgage, Insurance, Moving, Remodeling, Home Staging etc.  I will also be informing you of some other local companies and some of my special interests. 

In this era of information overload it can be easy to get in over your head.  Turning to a professional Realtor can help you through the home buying and selling process.

So remember with as many listings that are on the market today it can be very easy to get lost in the shuffle when your a buyer or knowing how to position your home as a seller. 

I look forward to working with you!

New Home Sales!

I recently read a post about how New Home sales are down as everyone expected them to be - then two days later a similiar post about how Economists are seeing a rise in New Home Sales!  Each day there tends to be a drastic change in the outlook of many consumers and professionals in this industry.

"The beginning of the end" could it be?  Could the rise in New Home Sales be the sign that we are all looking for that tells us the housing market has hit the bottom?  Exactly where are New Home Sales Rising?  Could it be that the builders are giving so many incentives that the buyers in today's market can't resist?

I was recently contacted by a New Homes Sales representative for a development in my area - the builder is now offering to pay the buyer's first 6 moths of mortgage payments, there is a 55+ community offering 20 years of tax abatement!  Wow, I wish I was in the market for a new home today!

Can you imagine?  First time home buyer who buys before the first of the year gets to cash in as early as February on the $7,500 First Time Home Buyer Tax Credit and pays no mortgage payment for 6 months!

If anyone has any extra buyers, feel free to send them my way!