The Local Real Estate Market by the Numbers

The Local Real Estate Market by the Numbers

(Point Pleasant, Point Pleasant Beach, Brick and Toms River)

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One of the most common questions I get as a Real Estate Professional is “How is the market doing?”  Rather than give the reflex answer of “great!” I like to be able to quote some recent numbers both nationally and locally. I find most people who ask already have some idea of the national market from what they see online or on the news but very few I encounter have an idea of how the local market is actually performing. Hopefully this article can help shed some light.

Looking specifically at Point Pleasant Beach, Point Pleasant Boro, Brick and Toms River, here is the breakdown of each town from 2014 to the present.

 

 

  2014 Closings 2015 Closings Change
Point Beach 69 83 +20% Increase

 

Point Boro 245 255 +.04% Increase

 

Brick 1023 1169 +14% Increase

 

Toms River 1114 1456 +30% Increase

 

**Data provided by Flex MLS**

 

As you can see, the market from 2014 -2015 was up in all 4 towns with Toms River seeing the biggest increase in homes sold with 30%, followed by Point Beach at 20% and Brick at 14% respectively. Point Boro saw a small increase of .04%

Clearly 2016 data is inconclusive but let’s compare January of 2014, 2015 and 2016.

 

  Jan 2014 Jan 2015 Jan 2016 Change 14-16 Change 15-16
Point Beach 3 3 3 0% 0%
Point Boro 15 12 21 +40% +75%
Brick 55 62 73 +32% +14%
Toms River 66 64 102 +54% +59%

**Data provided by Flex MLS**

 

Comparing the first month of each of the last 3 years is just a small sample of what 2016  could offer. Based on these numbers I think we can expect the number of sales in each market to grow.

What do these numbers mean for the local market? It means if you live in one of these towns and you have been on the fence about selling your home, you should seriously start to consider it. Interest rates are still low but all signs point to them increasing through the years end. Buyers have no doubt started to take advantage of this in late 2015/ early 2016 or we wouldn’t be seeing such increases in closed home. This trend is bound to continue even as rates begin to rise.

Clearly, it is impossible to predict the future in any market but based on these numbers I think the real estate market looks to pick up a lot of steam in 2016 both locally and nationally.

John Hazelet, CARA REALTORS  Check out my webpage!
C: 732-685-7746: 732-477-0200 E: jhazelet@cararealtors.com

 

 

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Best in show!

animalsWhat do you do when you want to sell your home and you have pets?  Follow these helpful tips and you will have your home looking and smelling best in show ready.

Do a “down to the bone” deep clean regimen.  Before your house goes on the market, you’ll want to deep clean in all the nooks and grannies-behind furniture, under beds, in closets, around baseboards, windows, window sills etc.  To make your life easier, you may just want to hire a professional to come in and clean.  Pet dander and dust seem to find its way into the smallest of spaces that we sometimes become immune to.  I know that after I’ve cleaned my house it smells “hotel fresh” and has that show room glow.

De-Clutter.  Find an area for all of your pet friendly items.  Toys, bones, dog or cat bowls, leashes, litter boxes and bedding should have an area that is a quick hiding spot for when you have showings or an open house.

Repair Any Damage.  I have always been a pet lover.  At one point I had two of everything, two kids, two dogs, two cats, two fish, and two mice. Ha ha, but as much as we love our pets, they are still animals and pet damage is never attractive to buyers when selling a home.  Dogs and cats can and often destroy carpets, furniture, floors, walls, doors or your yard.  All of this damage should be repaired prior to showing your home.

Relocate Pets To Minimize Liability.  Take your animal for a drive or to daycare for the day.  You may want to ask a friend if you could drop your pet off for an hour or so until your showing is completed.  You may love your pet but a potential buyer may not be pet friendly, there is always a chance that they could have allergies, or have a fear of being bitten.  I know you’re probably saying my dog or cat wouldn’t hurt a flea but is it really worth taking a chance?

If you aren’t able to have your pet out of the home, make sure to have them either in a crate, or secured in a specific space.  Your realtor can make notes with specific showing instructions for all buyers so there are no surprises when they arrive.

Curb Your Pet.  Being “Best in Show” means you have the whole package inside and out.  Curb appeal for your home is just as important as the inside of your home and is hugely important for buyers.  Some homeowners give their animal free reign of the backyard- king or queen of the hill so to speak, but by doing so; it can be harsh on the look of your lawn.  Make sure the outside areas of your home are pet-free as well.  Pick up any waste and have any lawn damage repaired the best you can.

Selling a home with pets takes work, but it’s worth your time and investment to prepare properly before your home goes on the market. By being proactive and following these quick tips you and your home will be awarded with a winning sale.

Christine Rodina, SFR, Realtor Associate, CARA REALTORS  Check out my webpage!
C: 732-701-7970 O: 732-477-0200 E: CRodina@cararealtors.com