Welcome to the September Holmdel-Hazlet Real Estate blog provided by Gerine Skamarak and Doreen DeMarco of EXIT Realty East Coast. Our intention is to inform you of monthly statistics on your local real estate market as well as provide useful information about the buying and selling process. This month we reference two articles we believe you will find interesting. On average, home prices are rebounding nationally and locally.
EXIT Realty East Coast was a proud supporter of both Aberdeen Day on Sept 22nd and Hazlet Day on Sept 29th. Congratualtions to our Kindle Fire raffle winners Armand V. of Aberdeen and Sophia L. of Hazlet! We had a great time at both events meeting and chatting with so many wonderful and friendly families. We look forward to supporting more of these local community events! We hope you look for us at the next one and stop by to say HI!
Below is a comparison for September 2011/2012 closed home sales for Holmdel and Hazlet.
Holmdel: Closed Sales for the month of September:
- September 2012: 16 homes sold with an average sale price of $768,734.
- September 2011: 11 homes sold with an average sale price of $967,773.
- There are currently 32 homes under contract and 118 homes available.
Hazlet: Closed Sales for the month of September:
- September 2012: 11 homes sold with an average sale price of $274,055.
- September 2011: 12 homes sold with an average sale price of $304,492.
- There are currently 44 homes under contract and 83 homes available.
Home prices rebound
By Chris Isidore @CNNMoney September 25, 2012:
A quote from the above article
"The news on home prices in this report confirm recent good news about housing," said David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. "Single-family housing starts are well ahead of last year's pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing."
Record low mortgage rates and a tighter supply of homes available for sale have helped to lift home prices. Lower unemployment also has helped with home prices, although job growth in recent months has been slower than hoped.
From NJAR - New Jersey Association of REALTORS...week in review 9/26
August Existing-Home Sales and Prices Rise
Home sales continued to improve in August and the national median price rose on a year-over-year basis for the sixth straight month, according to the NATIONAL ASSOCIATION OF REALTORS® (NAR). Total existing-home sales rose 7.8 percent in August from July, and are 9.3 percent higher than in August 2011.
Regionally, existing-home sales in the Northeast rose 8.6 percent in August and are also 8.6 percent above August 2011. The median price in the Northeast was $245,200, up 0.6 percent from a year ago.