Here is the latest update for the real estate market for Mays Landing, Hamilton Township, NJ Atlantic County
So first let me say that this update is for Hamilton Township (AKA Mays Landing), Atlantic County, NJ. There are two Hamilton Townships in NJ so if you are looking for Atlantic County in South Jersey you’ve come to the right place! Mays Landing is located about 20 minutes east of Atlantic City and Ocean City. Mays Landing is also the regional shopping and retail hub of the county and home to The Hamilton Mall and many other strip centers and chain restaurants.
Here is an update for the Hamilton Township real estate market. New listings were down slightly for December. Closed sales were up. Days on market was down to just 63 days. The median sales price was lower for the month however it is up 14% year to date to a median sales price of $173,250.
This report also takes a look at condos and townhomes in Mays Landing. New listings were down for the month and median sales price is up 21%. Monthly supply of inventory is up slightly to 6 months.
If you or someone you know is thinking of buying or selling real estate in Mays Landing please let us know. We can help them analyze the real estate market in their neighborhood to see if this is a good time to buy or sell for them.
There are many reasons to buy and sell a home right now in Atlantic County, NJ. Let’s take a look at this from the perspective of home buyers and sellers.
Home Buyers In Atlantic County, NJ.
Interest rates are still low. You still have great buying power.
Atlantic County, NJ home prices are on the rise in many of our communities as inventory is shrinking. Purchase now before prices go up.
Right now there are less buyers looking for homes in the winter. Less buyers means less competition and you are less likely to get in bidding wars with other buyers. You can often negotiate a great price and terms this time of year.
Home Sellers In Atlantic County, NJ
Right now inventory is lower in Atlantic County. If your neighborhood has no other homes for sale or just a few for sale this could be a great time to sell before more homes come on the market in the Spring.
If you are moving up to a larger home this is the perfect market to move up to something bigger. Demand for lower price homes in the $200,000 range and below is high. Demand for higher priced home is not as great. That means you can get top dollar for your home and get a great deal when you purchase your next home.
Rates remain low. Higher interest rates mean less buying power for home buyer. If rates go up home prices will go down. Sell now before any likely interest rate hikes occur.
Figuring out when to buy and sell a home ultimately depends on your circumstances and situation. Contact me for a free consultation. I can ask a few simple questions to help you determine if this is the right time to buy or sell for you.
We review the pros and cons of real estate apps and look at the new KW app.
My KW.com app.
Everyone has an App these days. Banking, social media and even your favorite restaurants all have apps. They are convenient ways to stay connected and offer many conveniences. So when it comes to real estate Apps which one is best?
There are many large real estate websites that all have apps. And most of them work very well. Apps like Realtor.com, Zillow, Trulia etc. provide similar home search functions and capabilities. They are connected to GPS so when you are driving around or walking around you simple open your app and you’ll see all the homes for sale around you. You’ll also see photos, prices and details.
Here is the biggest problem with these apps… they are not connected to a local agent. These apps are not connected to a local real estate expert who is looking out for your needs and best interest. So if you have a question or want more details on a property you may be connected to the listing agent but most of the time you’ll be sent to an agent who has paid to advertise on the app that may know nothing about the property at all.
My app also has a map function where you can draw the area you are interested in and it will pull up all available homes.
So what’s the best real estate app? Mine of course! My KW app allows my clients and friends and family to have all the features and benefits of the big name real estate apps with a connection to a local agent who is looking out for your best interest. My app works nationwide. And if you’re looking at home outside of my area of coverage I can connect you with a local agent anywhere in the country through our network of over 150,000 highly trained agents.
For 2019 our app will be totally redesigned with direct connection to every Multiple Listing Service in the country we will have the most accurate data for our customers. If you would like a great real estate app connected with a great real estate agent download my free app now. When the new version of the app is released your app will automatically be uploaded to the new version. Click here to download now or Text KW2JXSUJJ to 87778.
Best wishes, Matt
In this video I answer one of the most common questions I get. Should I wait until Spring to buy or sell a home.
Once again our market center is outperforming the market. As many of our competitors businesses are contracting we continue to grow while providing maximum benefits for our clients.
Keller Williams Realty Atlantic Shore Is Outperforming The Market
The chart below compares Keller Williams Realty Atlantic Shore and the entire South Jersey Shore Regional Multiple Listing System (all real estate brokers combined). We are outperforming the market in every category. Our main office is in Northfield NJ and we also have offices in Brigantine and Little Egg Harbor NJ.
Here is a quick overview of the Atlantic County, NJ real estate market using data from June 2018 and comparing it to June 2017. The data is divided into three categories: Single Family homes, townhomes and condos, and Adult Communities. For all categories inventory is down and days are market are down. Median sales price is up 7.4% for single family homes and 9.9% for condos. Of course all real estate is local so if you want to know what’s happing in your neighborhood or city please contact me. I can provide this report on a city level and also provide data for your local neighborhood. You can download a PDF of the report here: AtlanticCountyMarketReport
Why wait until the Spring? There is less competition right now!
Many people always think of the Spring as the best time to sell and buy a home. That typically is when we have the most activity in our market however that doesn’t mean it’s always the best time to sell. Right now we are on the tail end of winter. We have some cold nights and the occasional snow storm and overall the weather is not bad. Buyers are out now shopping for homes. Listing and selling your home now means that your home will competing agains fewer homes for sale. Fewer homes for sale means you may be able to get a better price for your home.
March 2, 2018 Winter storm. Ocean City, NJ
Some of our communities are experiencing an all time low in inventory of homes available. The answer to the questions of when should I sell my house is it depends. It depends on your circumstances, your plans, your neighborhood and your house. There are many factors to consider and I’m here to help you. Contact me for a free consultation to determine when the best time to sell would be for you.
11 Reasons Sellers Should List During the Holiday Season
We made it past Thanksgiving and now December will be over before we know it. Many home seller chose to pull their homes off the market this time of year and wait until Spring to sell. Here are 11 reasons sellers should list during the Holiday Season.
11. By selling now, you may have an opportunity to be a non-contingent buyer during the Spring, when many more houses are on the market for less money! This will allow you to sell high and buy low.
10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year.
9. Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the Holidays.
8. January is traditionally the month for employees to begin new jobs. Since transfers cannot wait until Spring to buy, you need to be on the market during the Holidays to capture the market.
7. Some people must buy before the end of the year for tax reasons.
6. Buyers have more time to look for a home during the Holidays than they do during a work week.
5. Buyers are more emotional during the Holidays, so they are more likely to pay your price.
4. Houses show better when decorated for the Holidays.
3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home. Less demand means more money for you.
2. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you.
And the number one reason why your seller should list during the Holidays …
1. People who look for homes during the Holidays are more serious buyers!
The new sales leader in Egg Harbor Township NJ is Keller Williams Realty Atlantic Shore with the highest year to date units and sales volume.
Recently one of our competitors has been advertising as the Egg Harbor Township, NJ real estate sales leader. I questioned whether this was true and discovered that at one time they were the sales leader however year to date real numbers show that Keller Williams Realty Atlantic Shore is number one in sales volume and sales units. I have included some charts and graphs to show this. These are real numbers taken from the South Jersey Shore Regional Multiple Listing Service.
Keller Williams Realty Atlantic Shore units sold in Egg Harbor Township increased 73.68% as of September 21st 2017 compared to year to date numbers from 2016. 165 units have been sold year to date and our next closest competitor sold 131 units. Units sold is the number one indicator of who the sales leader is in a community and we are dominating that category.
Keller Williams Realty Atlantic Shore sales volume increased 53.96% as of September 1st 2017 compared to year to date numbers from 2016. Year to date sales volume for 2017 is $24,814,297.00 making it number one. Keller Williams Realty Atlantic Shore is number one in market share also with 16.6% market share based on units sold. So the new sales leader is Keller Williams Realty Atlantic Shore and we have the data to prove it. If you are looking to buy, sell or invest in real estate in Egg Harbor Township, NJ I’m your local home town real estate consultant and I’m happy to help. Call me at 609-484-9890 ext 132 or send me a message on this site.
Best wishes, Matt
P.S. Here are the actual sales numbers taken from our multiple listing service showing how we stack up against the competition.
What's happening in the real estate market September update
Houses for sale in Egg Harbor Township New Jersey
Here’s a quick overview of what’s happening in the real estate market in Egg Harbor Township. Median sold price is down 6% to $190,000. The median for sale price is up 2% and sold properties are down 2%. New properties are down 9% and total inventory is down 19%.
So even with lower inventories prices are still down overall. My interpretation of these statistics indicate that the foreclosure properties that are still on the market are continuing to pull prices down. At the same time some of the communities in Egg Harbor Township are very short on inventory and so there is a great possibility of price appreciation. Contact me if you’d like to know how much your home is worth in today’s market. To view full statistics for August 2017 Egg Harbor Township real estate click here: egg-harbor-township-market-stats