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Real Estate Sale Statistics Colonia, New Jersey

January 21, 2012 by Leave a Comment

Real Estate Statistics in Colonia, New Jersey

Obtaining reliable information regarding real estate statistics in Colonia, New Jersey can be important to home buyers interested in buying a home in Colonia, but they can also be important for Colonia homeowners, whether thinking or planning on selling their home or not! It is easy to understand why obtaining reliable real estate sale statistics in Colonia would be important for someone interested in purchasing or selling a home at the moment or in the very near future. But why would real estate sale statistics be valuable information for a homeowner not planning on selling?

Real estate values affect real estate taxes. The possibilty may exist for a Tax Appeal, and the potential to obtain a reduction in real estate taxes. Wondering if a tax appeal is possible? Contact your REALTOR first to obtain information regarding the current value of your home and then speak with the local Tax Assessor. Many homoeowners are  obtaining real estate tax reductions!

Every day there are news media reports providing real estate sale statistics about the current real estate market . However, real estate sale statistics vary throughout the Country, for the Northeast Region, for the State of New Jersey and for Middlesex County. Economics 101 states that what is true of the whole, is not true of the parts. Real estate is local! Real estate values vary from one town to another and from area to area within the same town.

The current real estate market provides many opportunities for home buyers, and for many current homeowners who have plans to sell their current home and purchase another one. 

View real estate sales statistics for Colonia from 2002- 2011 as reported by the Middlesex county Multiple Listing System.

2011 Real Estate Sale Statistics, Colonia, New Jersey

 Would you like to view sale prices of sold homes in Colonia during 2011? Click here .

Would you like to view real estate sale statistics for 2011 as compared to 2010 for all towns in Middlesex County. Click here.

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The above article,“Real Estate Sale Statistics in Colonia, New Jersey”, was written by David Fialk, REALTOR, Broker Owner, Choice Realty Co., Iselin, New Jersey and regularly posts real estate articles of interest for home buyers, home sellers and home owners.

David can be reached via email or by phone at 732-283-3400 or at www.DavidFialk.com.

Licensed since 1971, David has helped over 1800 families move across town, across the state and across the country and  specializes in the towns of  Iselin, Colonia, Edison, Woodbridge, Avenel, Fords, Sewaren, Port Reading, Keasbey, Carteret and Metuchen in Middlesex County, New Jersey.

Planning on purchasing real estate? Thinking of selling your home? For real estate information ”You Can Rely On, Contact the REALTOR You Can Rely On”.

 

Filed Under: Real Estate Statistics, Real Estate Values Tagged With: , ,

2010 Middlesex County Real Estate Statistics

January 27, 2011 by Leave a Comment

Wondering what has happened in real estate in 2010? Did real estate sales transactions increase in 2010? Did real estate values increase, drop or level off in 2010? The answer is yes and no to both questions.

Whether you are looking to buy, are interested in selling or are just curious about the real estate market, real estate is local! Real estate sales activity and real estate values vary, whether you live in Iselin, New Jersey, Colonia, Edison, in Middlesex County or any other Town in any other State. They even vary from one area in a town to another.

Take a look at lots of Middlesex County Real Estate Statisics for 2010, and view statistics from the Middlesex County MLS in previous years. 

Interested in reliable real estate statsitics where you live. Contact your REALTOR, and I am sure they can provide similar information. Not sure about who to call, just ask, and I will be happy to help!

Filed Under: Home Buying, Home Selling, Real Estate News, Real Estate Values Tagged With: , , ,

Sold Listings, Middlesex County, New Jersey

June 19, 2010 by Leave a Comment

 Taking a Look at Sale Prices and Sales Transactions

Real estate sales have improved in 2010 in Middlesex County, as compared to 2009. Closed residential sales transactions are up 14.6%through May, as reported by the Middlesex County MLS. Likewise, closed sales of condos/townhouses are up 23.6 %. In addition, average sales prices have increased .5 % and 2.2 % respectfully. However, what is true of the whole is not true of the parts.

Real estate is local. Real estate sales activity and sale prices vary from County to County, Town to Town and, just as important, from section to section or area within a Town, whether you are reviewing real estate statistics for Iselin, New Jersey, Colonia, Edison or any other Town.

For example, here is a quick view of a year to date comparison of closed sales through May, 2010 for one family homes in a few Towns:
Town                             # of Transactions       Average Sale Price
Iselin                                 38  (+58.3%)                $295,766  (-3.2%)
Colonia                             45  (+18.4%)                 $331,966  (-1.8%)
Edison                             144 (+23.1%)                 $419,762 (+12.9%)
East Brunswick                 84 (+15.1%)                  $357,179 (-9.5%)
Old Bridge                         91 (-5.2%)                    $331,633 (-5.9%)

Middlesex County           1191 (+14.6%)                 $336,911 (+.5%)

To view more Towns and  more detailed reports, visit www.RealEstateSalesData.DavidFialk.com

Sales activity is not necessarily a mirrror of sale prices. Closed transactions increased in 4 of the 5 examples above, but sale prices increased in only one 1 of the 5 Towns.

The $8,000 First Time Buyer Tax Credit has had a tremendous impact on real estate activity in 2010! The $6,500 Move Up Buyer Tax Credit also benefited many homebuyers. Was the tax credit more of a benefit to first time buyers than move up buyers? Was there more sales activity in the lower first time buyer price ranges than the higher price ranges?

Sales by Price Range: All Middlesex MLS One Family
Reported in MLS through 5/31/10

Under 100K 16 1.2%
100K-199K 158 11.6%
200K-299K 439 32.4%
300K-399K 349 25.7%
400K-499K 180 13.3%
500K-599K 122 9.0%
600K-699K 49 3.6%
700K-799K 20 1.5%
800K-899K 11 0.8%
900K-999K 9 0.7%
Above 1000K 4 0.3%
TOTAL 1357 100.0%

Sales by Price Range: All Middlesex MLS One Family 
Reported in MLS YTD for 2009

Under 100K 38 0.9%
100K-199K 383 9.3%
200K-299K 1,301 31.7%
300K-399K 1,216 29.7%
400K-499K 595 14.5%
500K-599K 303 7.4%
600K-699K 129 3.1%
700K-799K 68 1.7%
800K-899K 30 0.7%
900K-999K 22 0.5%
Above 1000K 14 0.3%
TOTAL 4099 100.0%

Sales activity under the $400,000 price range accounted for slightly over 70% of all closed transactions, a strong indication that the current real estate market is more appealing to first time buyers than move up buyers!

Will sales activity continue to increase in the months ahead now that the tax credit has expired? Will the benefit of historic low mortgage rates enable more buyers to enter the market and purchase real estate?

Take advantage of the value a knowlegeable REALTOR can provide in answering questions and providing information about the real estate market and whether or not there are opporunities you can benefit from!

Filed Under: Buyer Closing Costs, Home Buying, Home Owners, Home Selling, Real Estate News, Real Estate Values Tagged With: , , , ,

Middlesex County Real Estate Sales Statistics, April 2010

May 29, 2010 by Leave a Comment
April 2010 Middlesex County Sale Statistics

Take a look at the real estate sales comparison statistics in Iselin, New Jersey, Colonia, Edison or any other Town in Middlesex County. as compiled by the Middlesex County Multiple Listing System! Just click the image above to view year to date comparisons from from April, 2009 and April, 2010.

Obtaining local and reliable real estate information is important whether you are just curious about the real estate market in your Town,  and even more important if you are a current home buyer or home seller.   Overall, real estate sale transactions in the County increased 14. 3 % in that time period. Take a look at the Town(s) which interest you.

While statistics are useful in taking a look at the overall real estate market in the County or in specific Towns, real estate values are local. Trends in real estate values vary from County to County, Town to Town and in various locations within a Town. If obtaining a reliable estimate of market value is important, a Local REALTOR is the perfect source to obtain such information!

For a more in depth look at real estate statistics in Middlesex County, New Jersey, click here!

Filed Under: Home Buying, Home Owners, Home Selling, Real Estate Values Tagged With: , , , , , ,

Middlesex County Real Estate Statistics, March 2010

April 17, 2010 by Leave a Comment

Whether you are searching for a home or considering selling a home in Iselin, Colonia or any other Town in Middlesex County, New Jersey or are just curious about home values, obtaining reliable information is important. The information provided is obtained from the Middlesex County Multiple Listing System and is year to date for the year 2010.

View 2010 Year to Date Real Estate Sale Statistics in Middlesex County, New Jersey for residential one family homes, condos and townhouses.

Obtaining trends in real estate market values is important. However, if your needs require a reliable market value estimate, it is recommended that a local REALTOR be contacted. An experienced REALTOR can provide a comprehensive “Market Analysis” detailing the market value of the home. Wondering what a Market Analysis Report consists of? 

Obtain Market Analysis from David Fialk, REALTOR, Choice Realty Co.

Filed Under: Buyer Closing Costs, Home Buying, Home Owners, Home Selling, Real Estate Values Tagged With: , , , , ,

What are the Benefits in Obtaining a CMA?

March 21, 2010 by 1 Comment

CMA:

Simply worded, it is a real estate agent’s opinion of market value of real estate as detailed by recent sales of similar properties. It is not a written real estate appraisal. 

Homeowners should stay in touch with the real estate market and continually be aware of the current value of their home, if for no other reason than making sure their homeowner’s insurance reflects current market value. Insurance is necessary to protect the assets you own, and carrying the proper amount of fire insurance limits becomes very important. 

Knowing the current market value of your home is most important when thinking of selling, especially if the proceeds of the sale are needed to purchase another home. When homeowners guess wrong, they begin to look at homes or purchase another home in the wrong price range or find that the amount of equity is much less than anticipated.

When planning to sell a home, obtaining a reliable and comprehensive “Market Analysis Report” is a very important consideration for homeowners. A Market Analysis Report should contain much more than sold properties. While sold properties are the most reliable indicators of value, they represent events of the past. Real estate values vary from one time frame to another. Just because a home sold for a certain price three or six months ago does not mean that a similar home will sell for the same price today. It could sell for more, if the real estate market is strong and values are rising, and it could sell for less, if the real estate market is weak and values are dropping.  

It is the current real estate market which determines market values. A comprehensive analysis of market value should also include active listings, under contract sales and expired listings, those properties which did not sell during the marketing term. The analysis should include asking price history and days on market.

Real estate is local, whether the home is in Colonia or Iselin, New Jersey, in Middlesex County or in some other State. What is occuring in one section of the Country, State, County or Region may not be representative of what is occuring locally. Home sales and home values vary from one Town to another and from one Neighborhood to another.

When properly prepared and presented by a REALTOR for a Homeowner, a Market Analysis Report should provide a realistic and reliable estimate of the current value of their home.

Related Artice: Factors That DO NOT Affect the Value of Real Estate
What information is provided in a CMA?

Filed Under: Buyer Closing Costs, Home Owners, Home Selling, Real Estate Values Tagged With: , , , , , ,
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