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Market Conditions in Holmdel : Real Estate Advice

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  • Local Info5
  • Home Buying20
  • Home Selling5
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Activity 3
Sun Aug 28, 2011
A ''Nickie'' Rucker answered:
I am in Central Florida. In 2007, we had only 850-900 closings a month. NOW, we are up to about 2,500 closings a month. However, we have about 8,000-9,000 pending each month. One word for that, Short Sales.

The reason, buyers are buying low. Is it at the bottom? Probably not, really, I do not know but I think that we're very close. Different markets different answers. In south Orlando we have getting 3 new hospitals being built and that will change level out homes down there.
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Mon Feb 9, 2009
Francesca Patrizio answered:

Here's my response to a similiar question.

Shoulda, woulda coulda . . . if I had a $1 for every time I heard this from SELLERS when the market was hot, I'd be comfortably retired right now.

Knowing when to buy real estate is akin to picking a stock from the financial markets . . . it's pure speculation. However, based on knowledge gained from various resources (and it's all speculation) now is a good time to buy (vs. the "right time"). Ask yourself, can anyone ever predict the "right time?" Your personal circumstances also play a major role in determining a good time to buy.

On another note, "short sales" appear to have an element of security to protect from future market declines. Your realtor can send your short sale properties via email for u to puruse at your convenience.

Francesca Patrizio, Realtor Associate
Realmart Realty - An AFFORDABLE Way to Sell Your Home
Ranked #20 out of 436 Real Estate Brokers in Monmouth/Ocean County MLS in 2008
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Thu Aug 28, 2008
Jim Lavin answered:
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. ... more
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Market Conditions in Holmdel Zip Codes