Mike, Both Buyer and Seller in Ventnor City, NJ

Wondering if anyone knows the average days on market for a listing in Northfield/ Linwood these days?

Asked by Mike, Ventnor City, NJ Tue Sep 28, 2010

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Erin Reilly’s answer
Hey Mike,
There are a few factors that will go into what will make a property sell quickly or left to expire. First off, if the property is awaiting approval from the bank, expect to wait anywhere from 30-90 days just for an answer to your offer!!! When the house is price properly, and is ready to show, you could see a shelf life (in Linwood/Northfield areas) of an average of 45-60 days. With both cities having such outstanding school systems, there is a steady demand for a good family home.
Please let me know if you have any further questions...

Erin E. Reilly
Prudential Fox and Roach/Northfield Office
609.646.1900 ext. 4490
609.502.4093 Cell
erin.reilly@prufoxroach.com
Web Reference: http://www.prufoxroach.com
1 vote Thank Flag Link Tue Sep 28, 2010
Thats not so easy to answer anymore. It used to be able to turn to the MLS and tell you right away, but these numbers are skewed due to the lengthy short sales that sit forever on the market even though they may have a great offer or be under contract for months. Some Agencys have their own average as Matthew is stating. Most professionals would say 6 to 8 months when priced accordingly, but here in Jersey our Real Estate Season (April-November) is winding down and most people are going into holiday and vacation mode. The easiest and obvious way to sell it faster would be to lower the price below the fair market value and/or supply some perks or incentives such as assisting with buyers closing cost, or paying higher commision to the realtors, or offer selling bonus, or home warrenty, to name a few.
Web Reference: http://www.sjrates.com
0 votes Thank Flag Link Wed Sep 29, 2010
Hi Mike,

Average days on market depends on who you list your property. Our average days on market is 87. Our closest competition takes a month longer for their average DOM.

Best wishes,

Matt
Web Reference: http://HavilandGroup.net
0 votes Thank Flag Link Wed Sep 29, 2010
Mike,
I'd be happy to look that up for you. I think that the type of home and price range may likely impact that figure.

Email me if you have any specifics in mind (e.g. perhaps homes that are comparable to your own home?) and I'll look up the stats.

Joe

Joseph Mancini
AVALAR Atlantic Properties
ph: 856-275-6433
email: jmancini19@gmail.com
0 votes Thank Flag Link Tue Sep 28, 2010
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