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Spring 2012 Market Update
Now is an exceptional time to buy a home in Mantoloking. Low rates with reasonable home prices makes a home purchase a great value! We see increased levels of buyer activity which may cause an increase in demand with the result of higher asking prices. There is a window of opportunity for savy buyers. Call now for more information at Richard: 848-333-3387 or Karen: 848-333-3389
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| Average Home Price | $2,500,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $1,000,000+ |
| Worst Selling Price Range | $700,000 - $749,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Mantoloking is | Increasing |
| Seller Activity for the past 90 days in Mantoloking is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | We are seeing an increase in multiple offers on some properties. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Mantoloking! |
| Nearest Metro Area | New York/North Jersey |
| Housing Hot Spots | The towns of Bay Head, Normandy Beach, Lavallette, Spring Lake and Sea Girt are considered ’Housing Hotspots’. |
| Average Sold Price | $2,500,000 - View Graph Trend |
Mantoloking Local News
News for Mantoloking, NJ - December 7th, 2011 2:12pm
Manoloking is one of the "Jewels" of the New Jersey Shore. Only 60 miles from New York City and North Jersey it is in a world of itsown. Large oceanfront properties afford the privacy for those looking to escape. With the calm waters of Barnegat Bay you have a boaters paradise. Why not come see this very special town for yourself.
Contact Information
Karen & Richard Hewson
Richard: 848-333-3387 or Karen: 848-333-3389
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Karen & Richard Hewson
Gloria Nilson, REALTORS, Real Living
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 Richard: 848-333-3387 or Karen: 848-333-3389
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