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The buzz is the real estate market is changing! These numbers prove that YES, the local market is moving in a positive direction

Home Market Trends for June in Holmdel and Hazlet

Welcome to our first Holmdel-Hazlet Real Estate blog provided by Gerine Skamarak and Doreen DeMarco of EXIT Realty East Coast.  Our intention is to educate you with monthly statistics on your local real estate market as well as provide useful information about the buying and selling process.  

Below is a comparison for June 2011/2012 closed home sales for Holmdel and Hazlet.

Holmdel:

Closed Sales for the month of June: 

June 2012: 15 homes sold with an average sale price of $802,997.

June 2011: 12 homes sold with an average sale price of $656,533.

There are currently 46 homes under contract and 157 homes available.

 

Hazlet:

Closed Sales for the Month of June:

June 2012: 18 homes sold with an average sale price of $285,083

June 2011: 9 homes sold with an average sale price of $269,528

There are curently 33 homes under contract and 115 homes available.

 

We look forward to providing this information on a monthly basis.  Next month's blog will include a discussion on the importance of home staging.

We encourge you to let us know what real estate topics you would like to learn more about and we will do our best to include that in our monthly Patch Blogs.

If you have any questions or comments, please respond to this blog.

Thank you,

 

NOTE: This information is deemed reliable but not guaranteed to be accurate.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

bud July 06, 2012 at 12:45 AM
You could never tell by Zillow.com's numbers. They keep decreasing. How much faith should we put into those estimates? Other online estimators seem to be quoting the assessed value numbers, which is no help at all. I guess the only numbers to believe are comparable sales in your area?
George F July 06, 2012 at 01:06 AM
I would only use Zillow or Truila for market movement, not actual values. They do not put any "real" intelligence into their system. It's mostly based on price per square footage. It is nice to see the official town assessments in Zillow, now. It's a nice starting point for comparables. Obviously, you'll need to put your own evaluation into the mix, like upgrades, surrounding neighbors, locaion, etc. From everything I've read and can see from watching the market myself; supplies are real low, but demand isn't that high either (dispite the record low interest). So, if you have a well maintained, updated house, you'll probably see good action and a good uptick in your house value. A fixer upper probably wouldn't be good for this market, as a potential buyer would probably try to get a great deal for it (after all, it is still techically a buyer's market). In this market, most of the sellers are on the sidelines, waiting for the market to improve. They're only selling if they have to, not alot of "trading up" going on. A good number of homeowners have refinanced and are very content with their new low monthly payments, so selling is not so attractive anymore (thus the low supply). If the market does take a good move towards the seller side (and interest rates are still historically low), then homeowners will have an incentive to sell and "supply and demand" would be back in action
Doreen DeMarco July 06, 2012 at 02:31 AM
Bud, Thank you for your comment. Our most accurate information is the Monmouth/Ocean MLS. This site is our professional site used to monitor our real estate inventory. Zillow is indeed a valuable website however it is not always the most accurate. Real Estate Agents often put their listing information on this site, however they may not consistantly update with the appropriate status or price changes. We will be happy to discuss in detail any specific questions you may have about your home or your area. Please contact either Gerine Skamarak or Doreen DeMarco at (877) 778-EXIT.
George F July 06, 2012 at 01:06 PM
So this blog is a ploy to get more business? Please, this should be purely "informational" (be it subjective).... Not a "call me, I 'll help you sell your house" blog. Here, I'll finish the blog off "call EXIT Realty, your house is worth a million bucks (may be actually true in Holmdel ;) ) and they can help you sell it!"

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