Home Selling in Marlboro>Question Details

Out and About, Home Seller in New Jersey

what is the current market for 1,000,000 homes in Marlboro/Morganville?

Asked by Out and About, New Jersey Tue Aug 28, 2012

do they stay on the market for long? are there many homes in this price range listed? is the market in this area picking up or still dropping? do the homes in the $600,000 price range fare better?

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Hi NYC bound,
We always have a demand for luxury homes in the Marlboro market $1,000,000+ . Those buyers like most are looking for a great floor plan,location, with a full basement. A pool is a plus & high end amenities are preferred. The homes in the $600,000 range are our hottest market in demand right now and sell quickly. If you are considering relocating to NY feel free to give me a call

Joan Congilose
RE/MAX Central
(732) 972-1000 x 364
0 votes Thank Flag Link Sun Sep 23, 2012
If a house is priced correctly on the market, bottom line it will sell. Now how quickly is the answer. Obviously a home in the 600,000 dollar price range will have a bigger pool of buyers because more of a percentage of people can afford it. It also depends on how a listing agent, (like myslef) Markets and Advertises your home. Advertising is key but it all depends on location, location, location....

Matthew Simone
All Towne Realty
0 votes Thank Flag Link Tue Sep 18, 2012
i know typically spring is the better market to list a home, but if most sellers don't list in the fall, isn't better to have less competition? or is there just no buyers now? keeping in mind marlboro's school cut off is dec 31st.
0 votes Thank Flag Link Fri Sep 7, 2012
Currently in all of Marlboro there are 24 homes listed at 1M+, in the last 6 months there have been 6 homes that have sold. That puts the Marlboro inventory at a 2 year attrition rate for homes in the 1m+ category. There were a couple that sold in less than 30 days and 1 that took over 3 1/2 years and sold for less than half the original asking price. Boy did they loose a lot of money by being overpriced.
In the high end price point, there are many variables, one of the things you can look at is how much is the home per square foot. Drilling down to a small section of the town such as Morganville, gives you less data to consider. If you would like more specific details, shoot me an email or call me at 201-892-5640.
0 votes Thank Flag Link Tue Aug 28, 2012
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