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Summer 2010 Market Update
Market Commentary Provided byBrenda G. Schofield If you can qualify, now is an exceptional time to buy a home in Holmdel and take advantage currently of the lower asking prices currently available. Low rates with slightly falling home prices makes a home purchase a great value! Call now for more information at 732-995-5217 |
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| Average Home Price | $750,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $1,000,000+ |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Holmdel is | Increasing |
| Seller Activity for the past 90 days in Holmdel is? | Decreasing |
| Multiple Offers? | Yes |
| 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 | Good economic news |
| Nearest Metro Area | New York City |
| Housing Hot Spots | Rentals up significantly in Monmouth County as well as Sale of Townhomes. |
| Average Sold Price | $750,000 - View Graph Trend |
Holmdel Local News
News for Holmdel, NJ - Wednesday March 24th, 2010 10:51am
The Holmdel Real Estate market is in a state of transition. Currently, because the inventory in the $900,000 to $1,500,000 price range is so limited, if the home is priced well, there are usually 2 or more contracts submitted as soon as the home appears on the market. The prognosis is excellent for the Holmdel real estate market, with many more Buyers looking to relocate into this very popular townswhip.
News for Holmdel, NJ - Monday March 15th, 2010 3:45pm
Now is the time to purchase your dream home, with interest rates and prices at the lowest level in many, many years. The real estate market has started to increase with the sales of first time home buyers as well as the executive level homes. Don't miss the boat
News for Holmdel, NJ - Monday March 15th, 2010 3:42pm
Now is the time to purchase your dream home, with interest rates and prices at the lowest level in many, many years. The real estate market has started to increase with the sales of first time home buyers as well as the executive level homes. Don't miss the boat!
News for Holmdel, NJ - Friday October 16th, 2009 9:14am
Now is the time to purchase your dream home, with interest rates and prices at the lowest level in many, many years. The real estate market has started to increase with the sales of first time home buyers as well as the executive level homes. Don't miss the boat!
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732-995-5217Mortgage Rates
– Jul 30th, 2010 –
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30 yr. fixed rate: 4.60%---------------------------------
15 yr. fixed rate: 4.07%
30 yr. jumbo rate: 5.42%
15 yr. jumbo rate: 4.98%
Home Values
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Repeat Buyers & Investors With Cash Boosting Home Sales & Prices In Many Markets, New HouseHunt Survey Shows
For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.
"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."
Click here for full article...
For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.
"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."
Click here for full article...
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 Ask Me!
Brenda G. Schofield
Heritage House Sotheby's International Realty |
732-995-5217 |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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