Market Conditions in Rumson : Advice

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Leonard Duni…, Real Estate Pro in Rumson, NJ
The above home at 92 Ridge Road sold in August for $2,100,000.10 Rumson homes sold in August this year compared to 9 that sold last August. However, the monthly median price was much higher than what it… Read more
Blogged Sun Sep 7, 2014 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
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Leonard Duni…, Real Estate Pro in Rumson, NJ
The home at 35 First Street in Rumson sold in July for $1,200,000.If you’re looking to buy a home in Rumson, you have more choices than you had a year ago. If we look at the year-to-date statistics,… Read more
Blogged Thu Aug 7, 2014 by Leonard Dunikoski, GRI Market Conditions Home Buying
Leonard Duni…, Real Estate Pro in Rumson, NJ
The 2nd quarter statistics are in, and as of June 30th the median price of a single-family home in Rumson is up 10% compared to what it was a year ago. The change in the median price is one of the 4 key,… Read more
Blogged Sun Jul 20, 2014 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
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Leonard Duni…, Real Estate Pro in Rumson, NJ
What a difference one month makes! From January 1st through the end of April, 28 homes had sold in Rumson, and the median year-to-date price was 2% lower than it was a year ago. As of May 31st, 38 homes… Read more
Blogged Tue Jun 3, 2014 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
Leonard Duni…, Real Estate Pro in Rumson, NJ
According to the most recent (February) S&P/Case-Shiller home price index, nationwide home prices are 12.9% higher than a year ago, and in my last post I reported that Fair Haven home prices are up… Read more
Blogged Mon May 5, 2014 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
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Leonard Duni…, Real Estate Pro in Rumson, NJ
At the end of the first quarter, fewer than 20 homes had sold in Rumson, probably because of the winter storms and bad weather we had this year. If you’ve been following my posts you know that you need… Read more
Blogged Mon Apr 21, 2014 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
Leonard Duni…, Real Estate Pro in Rumson, NJ
28% more single-family Rumson homes sold in 2013 than in 2012, and yet the median price was down 11%. What does that mean for anyone planning to buy or sell a home in Rumson this year? First some background:… Read more
Blogged Sat Jan 25, 2014 by Leonard Dunikoski, GRI Market Conditions Home Buying
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Leonard Duni…, Real Estate Pro in Rumson, NJ
If you’re thinking about buying a home in Rumson or Fair Haven in 2014, you need to be aware of mortgage interest rates. Here’s what some key sources are predicting the average 30 year mortgage… Read more
Blogged Wed Dec 18, 2013 by Leonard Dunikoski, GRI Market Conditions Home Buying Financing
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Leonard Duni…, Real Estate Pro in Rumson, NJ
If you’ve been reading my blogs you know there are four key, objective indicators for real estate. Whether you’re a buyer, a seller, or just a current home owner, you should know what these… Read more
Blogged Fri Dec 13, 2013 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
Leonard Duni…, Real Estate Pro in Rumson, NJ
The Washington Post released an interesting interactive graphic application which lets you input your ZIP code and see the economic statistics for your town and the communities that surround it. It focuses… Read more
Blogged Sun Dec 8, 2013 by Leonard Dunikoski, GRI General Area Market Conditions Home Buying
Leonard Duni…, Real Estate Pro in Rumson, NJ
It’s been over a year since super storm Sandy hit the Jersey shore, and things will never be the same again. Here in the low-lying parts of Rumson, Fair Haven, Monmouth Beach, Little Silver, Oceanport,… Read more
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Leonard Duni…, Real Estate Pro in Rumson, NJ
There are 4 key objective real estate indicators for every market: number of sales (i.e., demand), number of listings (i.e., supply), average/median selling price and real estate absorption rate. Here’s… Read more
Blogged Wed Nov 13, 2013 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
Leonard Duni…, Real Estate Pro in Rumson, NJ
When people ask me, “How’s the (real estate) market?”, I always tell them that real estate is LOCAL. When you read about “real estate” in the national newspapers you get… Read more
Blogged Wed Oct 23, 2013 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
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Leonard Duni…, Real Estate Pro in Rumson, NJ
For most of the year there was a low inventory (i.e., supply) of Rumson homes on the market, but that’s changed in the past 4 months. At the end of June there were 11% more Rumson homes for sale… Read more
Blogged Mon Oct 7, 2013 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
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Leonard Duni…, Real Estate Pro in Rumson, NJ
Despite a strong month in August, the year-to-date Rumson real estate picture is still mixed. The same number of homes (8) sold this August as did last August, but the monthly median sales price was up… Read more
Blogged Mon Sep 16, 2013 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
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Leonard Duni…, Real Estate Pro in Rumson, NJ
If you’ve been thinking about buying a home in Rumson, now might be a good time to be looking. While home prices nationwide have increased by more than 10%, the median price of a home in Rumson… Read more
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Leonard Duni…, Real Estate Pro in Rumson, NJ
July was a great month for Rumson real estate. Only 9 homes sold in July last year, but 20 sold this year. In addition, the median home price increased from $935,000 last July to $1,372,750 (+47%) this… Read more
Blogged Sat Aug 24, 2013 by Leonard Dunikoski, GRI Market Conditions Home Buying Home Selling
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Kathryn Ward…, Real Estate Pro in 07760
Kathryn Ward Grabowy answered:
What are the property taxes on this townhouse?
Bottom line, these are investment properties,in that if you can afford to buy it you make too much to live there! Prospective tenants need to be pre-qualified by the housing authority b ... more
0 votes Share Flag Fri Mar 8, 2013 Market Conditions in Rumson
Carolynn Oza…, Real Estate Pro in Rumson, NJ
As you can imagine, that is the question that I get asked the most. On my website, http://www.resourcesrealestate.com, I have a market report section that is updated every quarter. Once on the webiste,… Read more
Blogged Mon Aug 23, 2010 by Carolynn Ozar-Diakon Market Conditions
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