Market Conditions in 07733>Question Details

Mary Sova, Both Buyer and Seller in Holmdel, NJ

closed sales in 07733 from August-October 2007

Asked by Mary Sova, Holmdel, NJ Sun Oct 21, 2007

closed real estate sales august thru october 15

Help the community by answering this question:


AUGUST 2008 Sold 5 houses the past 2 weeks, closed 4 and have $24 MILLION UNDER CONTRACT AND CLOSED in 2008. An educated buyer knows it does not cost you anymore money to work with the #1 SALES TEAM in MONMOUTH COUNTY.
0 votes Thank Flag Link Thu Aug 28, 2008
Hi Mary,
Sales have picked up recently, just sold 2 last week. Beautiful Ranch on Rambling Brook and a colonial on Tricorne Court. Expect a good spring market.
0 votes Thank Flag Link Sun Mar 9, 2008

There were 36 closed sales from Aug 1, 2007 though Oct 20, 2007. The average price was 972K, the median was 875K. The low was 385K, and the high was 2.050M.

In 2006, for the months of Aug, Sep, Oct, there were 34 units sold. This year, before month end, sales in Holmdel have reached a count of 36.

Inventory levels are higher and therefore the buyers out there have a lot more choices. While contracts are being written, the volume of contracts for this year over last for the months discussed are higher, the number of units that go off the market without a contract is also higher. Bottom line......There is activity and, as a seller, in order to capture one of those buyers you must aggressively compete in your presentation, price and exposure.

If you would like more assistance, please feel free to reach out to our customer service desk, or call/email me directly.

Deborah Madey - Broker
Peninsula Realty Group
(732) 530-7755 Main Office
(732) 530-6350 Direct
0 votes Thank Flag Link Sun Oct 21, 2007
Deborah Madey, Real Estate Pro in Brick, NJ
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