Median Days on the Market Drops to 27! [INFOGRAPHIC]

Some Highlights:

  • The National Association of REALTORS® surveyed their members for their monthly Confidence Index.
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than a month in 24 out of 50 states, and Washington D.C.
  • Homes typically went under contract in 27 days in May!

Monmouth Beach Condo Sales for November 2013

Monmouth Beach Condo Sales for  November 2013
Address Complex/Subdiv Price Price DOM
50-11B   VALENTINE ST SANDS POINT S $214,900 $192,500 63
25-5   MEADOW AVE SANDS POINT $324,900 $277,500 74
1-807   CHANNEL DR CHANNEL CLB TWR $499,000 $457,500 64

If your home is presently listed please disregard. This is not intended as a solicitation.All information is taken from Monmouth Ocean Multiple listing Service.Coldwell Banker does not represent that hits Agency has listed or sold all properties listed above

Highlands Condo Sales for November 2013

Highlands Condo Sales for November 2013
Address Complex/Subdiv List Price Sold Price DOM
321-19   SHORE DR FERRY LANDING $104,00 $87,090 56
200-B14   PORTLAND RD WYNDMOOR $249,000 $195,630 152
8-H   TWINLIGHTS CT TWINLIGHTS $265,000 $250,000 114
30-A8   PORTLAND RD GATEWAY VILLAS $299,900 $278,000 382
1-508   SCENIC DR EASTPOINTE $325,000 $285,000 56

If your home is presently listed please disregard. This is not intended as a solicitation.All information is taken from Monmouth Ocean Multiple listing Service.Coldwell Banker does not represent that hits Agency has listed or sold all properties listed above

Eatontown Condo Sales for November 2013

Eatontown   Condo Sales for November 2013
Address Complex/Subdiv List Price  Sold Price DOM
91-91B   WHITE ST EATON BROOK $56,900 $44,500 462
56-C   WHITE ST EATON BROOK $89,000 $82,500 86
236   MILL POND WAY MILL POND@EATONTWN $265,000 $269,000 9

If your home is presently listed please disregard. This is not intended as a solicitation.All information is taken from Monmouth Ocean Multiple listing Service.Coldwell Banker does not represent that hits Agency has listed or sold all properties listed above

Asbury Park Condo Sales for November 2013

Asbury   Park Condo Sales for November 2013
Address Complex/Subdiv List Price Sold Price DOM
707-405   BANGS AVE THE MERCURY $314,000 $299,000 121
1501-2512   OCEAN AVE NORTH BEACH $525,000 $500,000 165

River Pointe Waterfront Townhomes REady for Spring Delivery! Just in time for Summer at the Jersey shore!

This week Long Branch Condo Report

It still is a buyers' market for condos in Long Branch

Gloria_benaroch_Exec_Summary_[Condo]_NJ_LONG_BRANCH[1] 

Download Gloria_benaroch_Market_Update_[Condo]_NJ_LONG_BRANCH

TEN GREAT REASONS TO BUY A HOME IN 2011

TEN GREAT REASONS TO BUY A HOME IN 2011

  1. Quality of life – a home provides stability and security for you and your loved ones, and membership within a community of neighbors.
  2. Pride of home ownership – a home is a personal haven, a place that you can decorate, shape, and share over time because it’s yours.
  3. Excellent affordability – lower home prices combined with low interest rates means there are tremendous opportunities for buyers.
  4. Historically low interest rates – around 5 percent in the U.S. gives better purchasing power to those who qualify.
  5. Appreciation potential – your home investment can grow in value.
  6. Equity buildup and debt pay down – homeowners enjoy an average net worth of approximately $184,000 vs. $4,000 for renters.
  7. Leverage – where else can you buy an investment of this magnitude with 5-10 percent down?
  8. Tax deduction advantages – property tax and mortgage interest write-offs (in Canada, home owners gain a tax benefit upon selling).
  9. Tax exemption – up to $500,000 per married couple or $250,000 per person on sale of a primary residence in the United States (no tax upon sale in Canada).
  10. The real cost of renting – at $800 per month, with the average
    6 percent rental increase per year, you will pay $126,536 over a 10-year period but have zero ownership of the property.

Top 10 Cities Buy vs Rent

  1. Minneapolis
  2. Arlington, Texas
  3. Miami
  4. Fresno, Calif
  5. San Antonio
  6. Mesa, Ariz
  7. Jacksonville, Fl
  8. Phoenix
  9. El Paso,Texas
  10. Las Vegas

Minneapolis tops the list of US cities where home prices have become affordable that it makes more sense to buy a home than rent one according to the recent buy vs rent index published by the online website Trulia. The index's price to rent ratio is calculated using average list price compared with the average rent on a 2 bedroom apartment, condo or townhouse listing.

 

 

Showing a condo today that had valet parking

I am soo incensed today. I was showing condos to a family today in Long Branch, NJ along the ocean and one of the condos a high rise called the Imperial House had valet parking.

I told the man that I was a REALTOR and that I was only there for about 15 to 20 minutes and that my people were behind me. He said I still had to valet it as well as my people.

We valeted it and I showed the unit absolutely beautiful and unobstructed views of the ocean, then we went down to get our cars, and the guy actually stood there waiting for a tip. Can you believe that? Just for 15 minutes of parking? Now mind you there were spots right by the entrance marked for unit owners 30 minute parking only he could have let us park there, but no they wanted their tip money.

I wonder how many owners know about this and how do other REALTORS feel about this. Frankly I am NOT going to show the Imperial House during the summer months. I don't feel I should have to valet my car with them, as I am hoping to sell the Owners unit.

Tell me what do you think about that?

6/21/2010

I had posted this to a real estate community as well yesterday and this was on of the replies which really opened my eyaes and I am glad for it.

"Let me preface this by saying that you asked for opinions, so please don't be offended, it's just my opinion based on the facts you gave.

I would have tipped the guy for both my car and my clients' car, no questions asked. To do otherwise seems petty and I think would reflect badly on me as an agent.

Think about it – regardless of why, or for how long or shot a time, you are utilizing the valet services. You're a REALTOR hoping to sell a beautiful oceanside property, and if you do, you'll pocket a nice commission (thousands of dollars). The guy parking your car is probably minimum wage plus tips, and he has to park and retrieve your car just like he has to do with every other car who goes in and out of there. In your case, to not hold things up, he has to go get two cars at the same time since you guys came together and will be leaving together, which probably requires two guys servicing your group.

I would have pointed out to the prospective buyers the benefits of being able to afford a lifestyle that includes valet service for your vehicle. It's probably something that would resonate with anybody looking at that type of luxury property. Not to mention, it's safer for my wife and children (and myself) to be able to not have to park in a dark parking lot and then walk to the building – or the convenience of being able to unload the groceries right there at the front door and not trek across the lot, or any of a dozen or more advantages that such a service provides.

I hope to God that 1) you paid the valet tip (what would it be, a few bucks each car, five bucks each tops?) for your prospective buyers, and 2) that you didn't complain to them about it. Seriously, it would not reflect well on you, and I can only imagine the thoughts that it might provoke about you to them – like "why is she acting so cheap when we know she's going to make a fat check off of this sale?" or "I can't believe how awkward that was, and how rude she was to the valet", or "I can't believe she didn't pay the valet's tip for us", or who knows what other things they might've thought.

This was a chance to make your buyers see that buying this place would make them a big shot by upping their quality of life, and that you were a seasoned professional who could navigate that world but yet is so down to earth. I'm guessing that that isn't the impression they were left with, though. And that's unfortunate. Christopher Cassidy."

Thank you Christopher for opening my eyes and making me look at it from a different perspective.

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