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Robert Suarez's Blog

By Robert Suarez | Agent in Toms River, NJ

South Toms River N.J. real estate report

South Toms River - This is the real estate report for single-family homes in South Toms River for February 2010.

There are 9.2 months of inventory (months to sell present inventory at present sales rate), 27 active listings with an average list of $180,278 spending an average 128 days on the market.

Last month, there were four new listings carrying an average list price of $203,500. The number of new listings for February of last year was the same, with an average list price of $168,500.

Three homes are presently pending with a list value of $223,233 after 49 days on the market. This is in contrast to last February’s six pending sales with an average list price of $161,459 after spending an average 107 days on the market.

Zero homes were sold this February. Two homes were sold last February for an average price of $159,500 after being listed for an average price of $179,478 and spending an average of 162 days on the market.

One home is under contract with a list price of $245,000, after spending 271 days on the market. Likewise, one home was under contract for February of last year, but with an average list price of $255,000 after 56 days on the market.

One home listed expired after spending 204 days on the market and at the list price of $139,850. One home listed also expired last February, after spending 184 days on the market and holding a list price of $219,900.

Judging the numbers, my opinion is that the market in South Toms River is one of the strongest in the markets I reviewed for the Riverside Signal, with its nine months of inventory showing activity. The average days on the market – 128 - however, reflects slow movement.

Robert Suarez is a Realtor with Coldwell Banker Flanagan Realty and an independent real estate correspondent for the Riverside Signal. For more information, he can be reached at Coldwell Banker Flanagan Realty’s Toms River office, located at 1541 Route 37 East, 732-270-6100 or through e-mail at robert.suarez@coldwellbanker.com and online at www.robertsuarez.net.

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