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Lucy Korzelius, Realtor Sales Associate's Blog

By Lucy Korzelius | Agent in Monmouth County, NJ

A look at Value

Sometimes it’s really hard to get a true value of what is actually going on in your area by all the stats and news that are presented constantly.  Real Estate is local.  What may be going on across the country doesn’t necessarily mean that is what is happening in our own neighborhoods. 

Below is a presentation of Closed Single family homes in Wall Township, NJ since January 2006 to present.  I have been wondering how the sales values have actually been holding up over the last five years.  If you’re curious too, read on.

This profile is the first of what I will present on a weekly basis, Town by Town, for you, to be the judge of what market conditions have been.   It looks to me that the spike in the increased sales may have been a product of the tax credits available in 2010.  There were 114 closed properties under $500,000 last year.  The tax credits made a difference.   I wish the government would initiate a new one.If there is a specific a specific question you have, please contact me.  I cover the Middlesex, Monmouth and Ocean county area.  With my primary focus being the Jersey Shore.  I hope you find this information helpful.  Wishing you Great Success in all your Real Estate Dreams.

WALL TOWNSHIP CLOSED AS REPORTED THROUGH THE MLS BY YEAR – TAKE A LOOK AND COMPARE

January 1, 2006 – December 31, 2006

Status   Total      Avg Price                Median            Low                        High                Avg DOM

CLS         215         $570,922             $500,000              $175,000              $2,700,000           89

January 1, 2007 – December 31, 2007

Status   Total      Avg Price              Median               Low                        High                Avg DOM

CLS         201         $567,631           $510,000              $235,000              $1,700,000           111

January 1, 2008 – December 31, 2008

Status   Total      Avg Price               Median              Low                        High                Avg DOM

CLS         161         $560,356             $470,000              $100,000              $2,300,000           110

January 1, 2009 – December 31, 2009

Status   Total      Avg Price              Median              Low                        High                Avg DOM

CLS         160         $487,817            $443,500              $150,000              $1,275,000           109

January 1, 2010 – December 31, 2010

Status   Total      Avg Price             Median              Low                        High                Avg DOM

CLS         181         $487,190           $434,000              $130,000              $2,540,000           93



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