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.
Atlantic County, NJ Real Estate Market
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
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.
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.
Best wishes, Matt
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!
* repost from blog.KW.com
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.
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
One of the largest and most popular areas of our region is Egg Harbor Township. I’d like to highlight some of the interesting market statistics derived from the multiple listing service to help home sellers and buyers in the area be aware of what is going on in the market.
This first chart shows the median for sale price and median sold price. We look at the February 2017 numbers and then go back to compare those number with a year ago. The median for sale price did not change. The median sold price went down by 14%.
The second chart shows supply and demand by month for Egg Harbor Township. The red bar shows the supply of homes for sale and the green bar shows the number of homes sold. Supply is down by 2% and sold properties are up by 3%. This is good news for sellers. You have less competition and more homes selling than this time a year ago.
The last chart shows the average days on the market up by 17% to 88 days on the market. In this market as a seller you do not want to be average. Our goal is to sell your home during the peak “window of opportunity” the first 4-5 weeks a home comes on the market.
Who do you know looking to sell or buy a home? Please call me for a complementary consultation.
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|
|Egg Harbor Twp||548||362||45.67||12.62%|
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|
*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
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.
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