i would like to know how much avg sales price of single family homes has dropped from october 2010 through october 2011

Asked by Tammy Miele, Howell, NJ Mon Apr 9, 2012

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James Scott,…, Agent, Stone Harbor, NJ
Mon Apr 9, 2012
The "Bottom" was two years ago. Prices have stabilized and financing is at near record lows.
Please furnish me with your "comfort level" as to price, bedrooms and baths you desire and I will
do a custom search for you. There are a couple of short sales and one Bank Owned. Very rare for Stone Harbor. I am a life long resident of Cape May County.
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Edward ( Aug…, Agent, Wildwood, NJ
Mon Apr 9, 2012
It is tough to give YOU a figure without trying to zero in on the type of home and location to compare to.

With that being said here is a rough idea of what the market has been doing.

10/2009 - 10/ 2010 - 42 homes sold $622,000 - $ 3,175,000 The average being 1,500,000

There were some smaller homes that I removed that are not a true indication of an average sale.

10/2010 - 10/2011 - 54 Homes sold $550,000 - $5,460,000 - Average sale - 1,900,000

Again I took a few of the lower end small homes back on Bower , Stone Ct.

There were a few high end sales that bring up the average for the 2011.

It confirms what we are all seeing at the shore that the traffic is picking up and the inventory is coming down. That's where we are getting the jump in sale prices.

Edward Augsberger
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Hugo W Meza, Agent, Clifton, NJ
Mon Apr 9, 2012
What location are you looking for?
0 votes
Patricia Lem…, Agent, Wellfleet, MA
Mon Apr 9, 2012
Very much depends on location, are you asking for Howell NJ?
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