Holiday City
Berkeley 82 Listings $109,000-284,900
10 Closings $120,000-226,000
Carefree 50 Listings $145,900-255,000
3 Closings $147,000-177,500
Holiday Heights 40 Listings $164,900-388,900
0 Closings $0000/0000
South 62 Listings $159,000-274,000
8 Closings $150,000-280,000
West 56 Listings $139,900-304,900
11 Closings $145,000-325,000
Silver Ridge Park
East 13 Listings $139,000-236,900
3 Closings $135,000-299,500
North 10 Listings $173,000-289,900
0 Closings $0000 /0000
West 23 Listings $130,000-235,000
5 Closings $136,500-198,750
Westerly 19 Listings $152,900-264,900
4 Closings $143,000-244,000
Information from Monmouth/Ocean MLS– Deemed reliable but not guaranteed– May not reflect all real estate activity in market
Tuesday, June 19, 2007
Keeping You Informed About the Housing Market
May Sales - Single Family Homes
New Listings/Median Price/Contract/Closed / Median Price
Beachwood 32/$309,950 12 13/$259,000
Brick 186/$393,500 71 68/$315,000
Toms River 256/$387,000 99 73/$345,000
Island Heights 7/$385,000 2 3/$467,500
Lakehurst 6/269,900 2 5/215,000
Manchester 48/$384,900 17 14/$310,450
Statistics from Mon/Ocean MLS- May not reflect all activity in market
New Listings/Median Price/Contract/Closed / Median Price
Beachwood 32/$309,950 12 13/$259,000
Brick 186/$393,500 71 68/$315,000
Toms River 256/$387,000 99 73/$345,000
Island Heights 7/$385,000 2 3/$467,500
Lakehurst 6/269,900 2 5/215,000
Manchester 48/$384,900 17 14/$310,450
Statistics from Mon/Ocean MLS- May not reflect all activity in market
More Home Owners Turn to Realtors® To Sell
According to a May 2007 report from the National Association of Realtors®, 91% of homes were sold by Realtors® in 2006. Of the 9% sold by owners, it is estimated that as many as half were sold to friends and family members rather than through ads in newspapers or calls on lawn signs.
As the market tightens, it’s no wonder that most sellers will hire a Realtor® to market their home. The listing is immediately promoted on many networked web sites, the listing agency pays for all advertising, the seller has no out of pocket expense to employ top professionals and Realtors have a pool of buyers.
In NJ, Realtor® buyer services are FREE. This includes saving the buyer gas by driving them to previews, negotiating the contract, providing the name of reliable inspectors, attorneys and home warranty and information on new listings as they become available.
As the market tightens, it’s no wonder that most sellers will hire a Realtor® to market their home. The listing is immediately promoted on many networked web sites, the listing agency pays for all advertising, the seller has no out of pocket expense to employ top professionals and Realtors have a pool of buyers.
In NJ, Realtor® buyer services are FREE. This includes saving the buyer gas by driving them to previews, negotiating the contract, providing the name of reliable inspectors, attorneys and home warranty and information on new listings as they become available.
DEP Expands Waterway Regulations
To celebrate Earth Day this past April, the Department of Environmental Protection announced a proposal which would greatly expand protections of 900 miles of waterways in New Jersey. A “category 1” status to 15 river segments would impose a 300-foot development restriction buffers to protect drinking water and rare species habitat. The rule will be subject to public comment and includes parts of the Toms River in Toms River.
House Committee Passes FHA Reform Act
In the wake of a much reported sub-prime lending crisis, the US House Financial Services Committee stepped up to pass legislation allowing the FHA to offer buyers a safer alternative to risky mortgage products. The Expanding American Homeownership Act of 2007 will increase loan limits, eliminate the minimal 3% cash down payment and give the FHA the flexibility to provide risk based pricing. The bill goes now to the House for a vote.
First Time Buyers - Pre-Qualification vs Pre-Approved
Just thinking about owning a home of your own is exciting and a little daunting, but with professional assistance, it can be a whole lot of fun.
The first consideration must be financial– or how will you know what you can afford? Most sellers will not even consider your contract without a pre-qual or pre-approval. A pre-qualification is a professional estimate of what you can afford. A mortgage representative will check your credit, but will require no documentation as to assets. A pre-approval is issued once you have actually applied for a mortgage, provided the mortgage rep with documentation of income and assets and the application has been underwritten by the mortgage company.
This is like cash in hand once you find your dream home and can give you an edge in negotiating your price.
The first consideration must be financial– or how will you know what you can afford? Most sellers will not even consider your contract without a pre-qual or pre-approval. A pre-qualification is a professional estimate of what you can afford. A mortgage representative will check your credit, but will require no documentation as to assets. A pre-approval is issued once you have actually applied for a mortgage, provided the mortgage rep with documentation of income and assets and the application has been underwritten by the mortgage company.
This is like cash in hand once you find your dream home and can give you an edge in negotiating your price.
www.NorthDoverRealEstate.com
A team of 10 agents from Crossroads Toms River West Office have joined to promote this luxury section of homes in Toms River. For a gallery of listings and feature articles on North Dover, visit our new web site.
Looking For 192 Millionaires
Through our cooperation agreement with other members of Ocean/Monmouth Multiple Listing Service, we have 192 waterfront homes in Ocean County on sale for more than $1 million. Looking for something more special? Fifty-nine homes are listed for more than $2 million and range to $8.5 million! For the discriminating buyer, yet more modest in their desires, waterfront listings start at $349,000 in our area and often come furnished. If the price is right, some sellers will add the boat in the sale!
Out and About ~ Local June Festivities
21st Annual Seafood Festival-June 9+10 from 10AM. Culinary celebration of seafood and many family activities. In Belmar Info call 732 681-3700.
Get Ready For Bed– June 13th, 7PM. Ages 2-7. Come in your pj’s for bedtime stories. OC Library– Washington St., Toms River. Info 732 249-6200
Arts and Crafts By the Sea– June 16th All Day
Seaside Heights Boardwalk– Crafts, Jewelry + More!
Island Singers– June 19th, 7PM. Chorus established in 1972 with 17-80 year olds. OC Library, Washington St, Toms River. Show tunes. Info 732 349-6200
New Jersey State Fair-June 21-22. Over 150 rides, and lots of FREE entertainment. At the Meadowlands. Info at 973 450-1070.
Blueberry Bash-June 23-24 at Terhune Orchards. Pick your own, enter your recipe in the Bake-Off, wagon and pony rides, farm store. 609 924-2310.
Talent Show– June 24, 9-3PM. Perform, stay to watch movies on the beach after dark. Big Joe Harry’s Info 732 899-6686.
Father’s Day Dinner Show– June 17 at the Holiday Inn, Manahawkin. The Rat Pack Trio 609 481-6117
Get Ready For Bed– June 13th, 7PM. Ages 2-7. Come in your pj’s for bedtime stories. OC Library– Washington St., Toms River. Info 732 249-6200
Arts and Crafts By the Sea– June 16th All Day
Seaside Heights Boardwalk– Crafts, Jewelry + More!
Island Singers– June 19th, 7PM. Chorus established in 1972 with 17-80 year olds. OC Library, Washington St, Toms River. Show tunes. Info 732 349-6200
New Jersey State Fair-June 21-22. Over 150 rides, and lots of FREE entertainment. At the Meadowlands. Info at 973 450-1070.
Blueberry Bash-June 23-24 at Terhune Orchards. Pick your own, enter your recipe in the Bake-Off, wagon and pony rides, farm store. 609 924-2310.
Talent Show– June 24, 9-3PM. Perform, stay to watch movies on the beach after dark. Big Joe Harry’s Info 732 899-6686.
Father’s Day Dinner Show– June 17 at the Holiday Inn, Manahawkin. The Rat Pack Trio 609 481-6117
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