Category Archives: Market Information

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Real Estate Market Update For Egg Harbor Township, NJ

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%.

Egg Harbor Township, Median for sale and sold price. Feb. 2017.

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.

Best wishes,

Matt

Supply and demand for Egg Harbor Township, NJ, Feb 2017

Average days on market for Egg Harbor Township, NJ Feb. 2017

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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

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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

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What Do Baby Boomers And Millennials Share?

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

This year there are more healthy and happy baby boomers over 65 than ever before. At the same time, there are more millennials than ever before, many of whom are well-educated, but paying the price in terms of high student debt, which keeps them living with their boomer parents longer.

Despite their financial and age differences, both these groups want the best for themselves and each other. For that reason, they appreciate the input of family and friends when choosing a product or service. Both prefer an enthusiastic introduction over the thought of working with the unknown.

Baby BoomersMillennials (1)
It’s important you know I skillfully work with people of many income brackets.

Whether you know a person with a lot of student loan debt or someone who could pay cash for their next home, I love helping people make good financial decisions. The next time you notice someone who would 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

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July Is Family Vacation Month

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

Outside of traveling for Thanksgiving, more families celebrate reunions in July than any other season. The availability of outdoor locations and activities is a popular choice, because the weather is so nice. And since the kids are out of school, summer is generally an easier time to travel for most.

View of the Ocean from the Ocean City, NJ boardwalk.

View of the Ocean from the Ocean City, NJ boardwalk.


If family is visiting you this summer and conversations turn to the possibility of a move that brings them closer, feel comfortable giving my time and expertise to them. I can help them weigh the options of getting a condo for the summer and holiday travel, or the best options for a permanent relocation. Also, at this time, loan programs for second properties and new purchases are outrageously favorable.

Wouldn’t it be great if you could pick your next neighbor and it is someone you would love to have nearby?

Matthew Haviland, Your Real Estate Consultant For Life

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

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How To Be Up In A Down Real Estate Market

Our office numbers are way up. Here's why.

Despite a challenging seller’s market, high unemployment and lots of uncertainty our office has out performed the competition.  Why?  We treat our agents as partners and stakeholders.  We are the top training company in real estate and we study the market to be able advise our clients how to be successful in today’s new real estate economy.

Keller Williams Realty Atlantic Shore

COMPARING…

March 2015 to March 2016

 

 Keller Williams Realty Atlantic Shore South Jersey Shore Regional Multiple Listing Service Outperforming the Market
Listings Taken Volume                         +23.28% 9.44% 13.84%
Listings Taken Units                   +46.94% 1.65% 45.29%
Closed Production List Side Volume +109.53% -6.35%       115.88%
Closed Production List Side Units +62.50% 4.54% 57.96%
Closed Production Total Volume +33.85% -6.35% 40.20%
Closed Production Total Units +18.60% 4.54% 14.06%

Matthew and Richard Haviland The Haviland GroupNumbers reported above are representative of South Jersey Shore MLS average percentages of all brokerages represented in the MLS.

Our Mission:  To teach people how to consistently implement the Keller Williams models and systems so they can transform their lives and businesses.

Our Vision:  We are a passionate team of real estate leaders that attract extraordinary talent and wealth building opportunities.

When you’re choosing a real estate agent and company to work with consider Me, Matthew Haviland, and Keller Williams Realty Atlantic Shore.

Best wishes, Matt

P.S. For Great Articles and fun facts download and view my May Newsletter here:  May Newsletter – Matt

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The Wildwoods & Diamond Beach Market Statistics For 4th Quarter of 2015

What's happening in the real estate market at The Wildwoods and Diamond Beach 2015

Here is an overview of the real estate market for The Wildwoods and Diamond Beach.  4th Quarter average sales price was $309,101.  This up 3% from the 3rd quarter of 2015 and up .07% from the 4th quarter of 2014.  Median sales price was a$255,000.  That’s a 6% increase from the 3rd quarter and a decrease of 8.8% from the 2014.  204 units sold in the 4th quarter of 2015.  That a decrease of 2.4% from the 3rd quarter and an increase of 8.5% from 2014.  Days on the market has gone down to 132.  That 3 days less than the 3rd quarter and 15 days less than it was a year ago.  Now is a great time to buy, invest and sell at the shore!  For more information on Wildwoods and Diamond Beach Real Estate contact me.  Matt

Wildwoods and Diamond Beach real estate statistics 4th quarter 2015

Wildwoods and Diamond Beach real estate statistics 4th quarter 2015

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Ocean City, NJ Market Statistics 4th Quarter Of 2015

What's going on in the Ocean City, NJ Real Estate Market For 2015 4th Quarter.

Here’s what’s happening in the Ocean City, NJ real estate market:

Average sales price of $588,770 has gone down by 1% compared to the 3rd quarter of 2015 and down 1% from 4th quarter of 2014.  Median sales price of $481,000 is down 7% compared to the 3rd quarter and 1% down from 2014.  Sales volume of 222 units sold is down 7% from the 3rd quarter and up 2% from 2014.  Days on market has gone up also to 128 days on market.

Right now is a great opportunity to buy sell and invest in Ocean City.  Please contact me for more information on Ocean City, NJ real estate.  Matt

Market Report For Ocean City, NJ 4th quarter 2015.

Market Report For Ocean City, NJ 4th quarter 2015.

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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

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What People Are Really Looking For – At Home

272 Deerfield Drive Mays Landing, NJ 08330

272 Deerfield Drive Mays Landing, NJ 08330

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

The other day I was reading a story that said the storage industry is an 8.8 billion dollar business. It’s no wonder, when you consider how much time we spend looking for lost objects. The average person spends 6 minutes a day looking for car keys! IKEA reports the top 4 items men search for are clean socks, keys, wallet, and remote control. Women search for shoes, a child’s toy, wallet, and remote control. It occurred to me that a home is never more organized than just before and after a move. While it is seldom easy to move, very few things feel better than starting over again with the right amount of space. The next time you are in a conversation with a friend, family member or neighbor and you notice they would benefit from having the right amount of rooms and space to enjoy an organized home…then stop, take out your phone, look up my number and call or text me. Together we’ll make sure they get the best advice for the space they need.