Market Statistics For Atlantic County, NJ 2016

I have several clients investing in real estate in this market.  Prices are low inventory is high and it’s a great market to buy and hold.  I also have investors looking to flip properties.  I’ve put together some interesting statistics that should be helpful for people looking to invest in the Atlantic County, NJ real estate market.

Market statistics as of 12/22/16 For Atlantic County NJ

City Number of sales In 2016 Year to Date # of homes for sale # sold/month % sold/month
Galloway 349 311 29.08 9.35%
Absecon 122 98 10.17 10.37%
Port Republic 9 7 0.75 10.71%
Egg Harbor Twp 548 362 45.67 12.62%
Hamilton Twp 278 219 23.17 10.58%
Somers Point 127 86 10.58 12.31%
Northfield 130 84 10.83 12.90%
Linwood 98 85 8.17 9.61%
Pleasantville 224 121 18.67 15.43%

Sunset, Port Republic, NJ

This first chart shows some of the mainland areas, the number of homes sold and % of homes that sold.  The highest % sold was Pleasantville at 15.43%.  Pleasantville was followed by Northfield, Egg Harbor Township and Somers Point.

It’s also interesting to look at the number of sales in certain price ranges to see what price ranges have been selling the most.  Homes in the $150,000-$200,000 are selling most followed by $200,000-$250,000.

 

Sold Price Number of sales by price point
0-50k 94
50-100k 214
100-150k 307
150-200k 468
200-250k 350
250-300k 159
300-350k 56
350k-400k 33
400-450k 23
450-500k 16
500-550k 7
550+ 10

*Includes these areas: Galloway, Absecon, Port Republic, Egg Harbor Twp,
Hamilton Twp, Somers Point, Northfield, Linwood

I also get asked frequently how long it’s taking to sell homes so I broke that out based on the number of bedrooms.  Three bedroom homes are selling faster.  This is most likely due to their lower price point.

3 bedroom Average 71 days on market
4 bedroom average 91 days on market

Now is a great time to buy, sell and invest in real estate in Atlantic County.  Contact us for a free consultation to help you evaluate your opportunities in today’s market.  Matt

Fall In Love With Your Home!

Is it better to move in the Spring/Summer or Fall/Winter?

Here’s a quick post to let you know how I can help you and the people you feel comfortable

introducing me to.

If you or someone you care about had been thinking about buying or selling a home in the spring or summer and decided to wait, there is a subtle yet important shift to moving in the fall that deserves consideration.

Summer moves are often triggered by family needs, while fall and winter moves are frequently influenced by external factors such as work. Whether you are buying or selling, here are critical seasonal influencers which affect the value of a home.

springorsummer-move

 

 

 

It is important that you know I optimize marketing strategies based on several factors that influence your micro-market. The next time you notice a person who is falling into an autumn or winter move and you know they’d benefit from my help, call or text me immediately. I promise they’ll be delighted you introduced us.

Matthew Haviland, Your Real Estate Consultant For Life

Keller Williams Realty Atlantic Shore 609-484-9890 ext 132

Is Age 60 The New 40?

Here’s a quick note to let you know how I can help you—or anyone you feel comfortable

It seems like every day you hear a story on the news about how people are living longer.

And as people get older, many are staying active, working well into retirement, eating

healthier, exercising, traveling, and generally not “acting their age”. In fact, many people

consider age 60 as “The New 40”.

Another thing this age group has in common is rediscovering themselves. For the first

time in decades, empty-nesters no longer need to consider square footage and school

districts as a driving force to be in the right place to live. One of the rewards of living a

long, healthy life is being able to afford life on your terms.

The next time you’re talking with a friend, family member or neighbor and they mention a

move to accommodate a lifestyle change, stop, take out your cell phone, look up my

number and immediately call or text me. Together we will make sure they get advice that

keeps them financially healthy for many years.

Matthew Haviland

Your Real Estate Consultant For Life

Keller Williams Realty Atlantic Shore 609-484-9890 ext 132

P.S. Congratulations to Stan Wiley winner of this month’s Funday Monday contests.  Watch our drawing video to learn how to enter.

Do You Love Your Home?

Do you love your home?  Home is where we nourish our most important relationships, where loved ones build traditions founded on fun, love, joy and family unity.

For me, as a trusted real estate consultant, there is no better feeling than handing a friend the keys to their new home. I could experience that feeling again and again.Florence Model

It is my strongest wish that your home continues to be a place where your friends and family thrive. Yet, over the course of time, things change, and a home can become just a house. People move in, people move out, the shape and size of families and things change.

When you notice that someone is no longer in love with their house, please let them know they have options. Take out your cell phone, look up my number and call me immediately, and together we’ll make sure they 1) have access to world-class remodeling professionals to help them fall in love with their house again, or 2) work with me to find a new house that feels like home again.

Matthew Haviland, Your Real Estate Consultant For Life

Keller Williams Realty Atlantic Shore 609-484-9890 ext 132

5 Crucial Reasons for an “Annual Home Review”

Here’s a quick note to let you know how I can help you or the person you feel
comfortable introducing me to.

Just like an annual physical, it’s important to do an “Annual Home Review.”
Your home may be your biggest investment so it’s critical to keep up-to-date on the
answers to these five crucial questions:Annual Home Review

1. What homes near you have sold, and how does this impact you today?
2. What new tax laws give you deductions or credits on home improvements?
3. What’s happening in your neighborhood that will impact the value of your home?
4. What changes have occurred in your life that alter your goals for the next 5 years?
5. What’s occurring with your current mortgage? What changes could benefit you?

The next time you are in a conversation with a friend, family member or
neighbor who is talking about their home’s value, remember the future belongs to
those who prepare, and I am prepared to help you and the people you care about. Call
or text and we’ll start right away. Together we’ll make the future better than ever!

Matthew Haviland, Your Real Estate Consultant For Life
Keller Williams Realty Atlantic Shore 609-484-9890 ext 132

Adjusting To An Empty Nest

Here’s a quick note to let you know how I can help you or the person you feel comfortable introducing me to.

This is the time of year when people you know start talking about kids moving away or going to university. Many find they simply don’t need as much space to be happy, or they want to be out doing things rather than focusing inside. Sometimes it’s nice to start fresh. In fact, it can be liberating!

Choosing to downsize a home can also provide an extra source of retirement income. There are many wonderful opportunities to create in this new chapter of life…IF one knows how to get the most out of their current equity.

So the next time you’re in a conversation with a friend, family member or neighbor and they mention they’re looking to adjust to the right amount of space, take out your cell phone, look up my number and call or text me immediately. I can help them find a smaller home with less to take care of, so they can spend more time enjoying this special new time in their life!

Best wishes,

Matt 609-338-3773

Relocating For A New Job Doesn’t Have To Be Stressful

Relocating for a new job is never easy. The move can be one of the most stressful changes in life. Not only do you need to find a new place to call home, but you also have to adjust to a new environment, master a new job, and build a new support network—all at the same time. Not to mention paying two mortgages, which can be overwhelming and often unrealistic.

Sweetwater Marina, Mullica  Twp. NJ

Sweetwater Marina, Mullica Twp. NJ

According to a recent survey by CareerBuilder, nearly 50% of workers said they would be willing to relocate for the right job. But that doesn’t mean it has to be a stressful experience.

The next time you’re in a conversation with a friend, family member or neighbor, and they tell you they’re relocating for a new job or their company is thinking about moving them, take out your phone, look up my number and call or text me immediately. I belong to a national network of realtors and lenders and I can help them find a new home that makes their move a positive and exciting one.

Matthew Haviland, Your Real Estate Consultant For Life

Keller Williams Realty Atlantic Shore 609-484-9890 ext 132

Don’t Remodel Your Kitchen!

Before you remodel your kitchen, consider upgrading the whole house

IMG_2485

Old House

Carol and Nate were considering remodeling their kitchen in their lovely ranch home in Linwood, NJ.  This older home had the original kitchen, closed off from the living room and dining room and had limited shelf and counter space.  They consulted several builders and realized a new kitchen would cost then tens of thousand of dollars and they would still not have the open concept that they wanted.

Then they considered the option of purchasing a newer home… and even considered a 55 and over community.  Carol and Nate, found me on my website and asked for my help.  We quickly got their home listed and staged to sell and within two weeks we had multiple offers and accepted a full price offer.

New House

New House

From there they located a lovely newer home in Egg Harbor Township with a fabulous open layout and stunning kitchen.  They sold their home and moved in to their new home on the same day.

IMG_3033

Happy Clients!

So before you remodel your kitchen, consider upgrading the whole house.  You may find that you’ll get greater value when you move up to a newer home.

Best wishes,

Matt

What’s Your Home Worth in a Declining Market?

Here’s a quick note to let you know how I can help you—or anyone you feel comfortable introducing me to.

It’s no secret that parts of our area are experiencing declines in the real estate market. Home prices are not going up for many area.  Take a look at the charts showing the Mainland area real estate market (Galloway, Egg Harbor Township, Northfield, Pleasantville, Absecon, Port Republic, Egg Harbor City, Mullica Township, Hammonton, Linwood, Northfield, Somers Point, Beuna and Hamilton Township.)  A healthy real estate market depends on a balance of buyers and sellers being able to move in and out of the market.  Right now we are seeing a buyer’s market in the mainland communities.

CMM_Report_SupplyAndDemand_chart CMM_Report_UnitsExpired_chart CMM_Report_UnitsForSale_chart CMM_Report_UnitsSold_chart CMM_Report_SoldForSaleMedianPrice_chart For sellers, the implication is that they will need to price their homes more competitively. A competitive price will attract more interest than a higher price. In the end, the higher priced property usually sells for the same as the competitively priced home, but just takes longer to sell.

If you or someone you know is thinking about selling, contact me to get a price analysis to help plan your sale: 609-338-3773. Also ask for a copy of my free report, How Sellers Price Their Homes.

Matthew Haviland, Your Real Estate Consultant For Life Keller Williams Realty Atlantic Shore 609-484-9890 ext 132

P.S. Do you know someone else who’s thinking about selling their home? Please introduce us so that I can help them get the most money possible from the sale

February 2015 Market Statistics, Ocean City, Longport, Margate, Brigantine, Linwood, Egg Harbor Township, Galloway, NJ

Spring is hopefully right around the corner.  I wanted to take a moment and look at last month’s sales data and update you on what’s happening in the market.   With this update I am comparing a few statistics among different municipalities:  Ocean City, Longport, Margate, Brigantine, Linwood, Egg Harbor Township, and Galloway, NJ.

median-pricenumber of salesinventory-sales

As you can see sales, inventory and price varies greatly among each or these communities.  The turnover ratio shows the percentage of homes selling in each city.  The higher the percentage the more homes are selling each month.turnover ratio

The most commonly asked question I get is:  “How’s The Market.”  Experience shows it all depends on where you live.  If you’d like to know How the market is in your neighborhood I’d love to do some research for you and send you an email that will tell you what homes are for sale now, what homes have sold recently and how long homes are taking to sell in your neighborhood so you can feel secure in the knowledge that you have the most accurate information.  This timely information will tell you right away how your market is right now!  I imagine that information would be of value to you, would it not?

Please contact me if you’d like to know what’s happening in your market.  609-338-3773.

Best wishes,

Matt

*  Information based on MLS data as of 3/2/15