Tag Archives: atlantic county

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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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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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Atlantic County First Time Home Buyer Grant Money Now Available – $10,000

It's back! $10,000 available for Atlantic County, NJ First Time Home Buyers

Good news!  The Atlantic County, NJ grant program is now funded with grants available of up to $10,000 for first time home buyers!  All funds are forgiven after 5 years.  This programs does not work for everyone so I’ve outlined the key requirements below.  You will need to be pre-qualified by an a approved mortgage company.  My preferred lenders are on stand by to help qualify potential first time home buyers asap and get them qualified to receive the grant money.

Free Money!

Free Money! $10,000 Grant For First Time Home Buyers

Eligible Applicants:

     HOUSEHOLDS

  1. Who have resided in Atlantic County for the last 12 months or are employed in Atlantic County.
  2. Who have not owned a home for the last  three years.
  3. With acceptable credit history and the ability to obtain an approved mortgage.
  4. With incomes below 80% of Median income:

These income levels are (2013):

                                                           # of Household  Members 80% of Median Income
1 Person. $38,400
2 Persons $43,900
3 Persons $49,400
4 Persons $54,850
5 Persons $59,250
6 Persons $63,650
7 Persons $68,050
8 Persons $72,450

If you or someone you know may be eligible to qualify for this grant please call me for more details at 609-338-3773.  Time is limited and funds are usually gone in a few months so please call me now.  Matt

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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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Our Office Out Performs The Market

These statistics compare our Keller Williams Realty Atlantic Shore office with the rest of the Multiple Listing Service in the Atlantic County, NJ area.  As you can see we out perform the rest of the market.  We have exceeded the rest of the market in the number of transaction for buyers and sellers and sales dollar volume.

Screen Shot 2015-10-17 at 9.05.51 AM

The questions is why?  And there are many reasons to explain this.  One is that we are an agent centered company.  We have a culture.  We are the largest real estate franchise in the world in agent count.  We are the number one training organization among all industries.  Our local leadership team truly cares about helping people reach their dreams and have businesses worth owning and lives worth living.

Who do you know, right now, that would benefit from working with our company?  While others agents are struggling, we are thriving.   And it’s important that you know that I have time to help your friends, family members, and neighbors that you know and like that need help.  Please call me at 609-338-3773 and we can talk about how I can help.

Best wishes,

Matt

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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

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Tax Appeal Time – Help With Your Atlantic County, NJ Tax Appeals.

tax-appeal-time

I’ve been getting calls from clients regarding appealing their Atlantic County, NJ property tax valuations.  In an effort to help I’d like to include some resources to help with this process.

The deadline to appeal taxes is April 1st.  All of the information and forms required can be found here:  http://www.aclink.org/taxation/homepage.asp  Here is a link to the form you’ll need to download and complete:  http://www.aclink.org/taxation/pdfs/FormA-1-Print.pdf

You’ll see on form A-1 that you will need to provide 5 comparable sales to justify your appeal.  Comparable sales used as evidence in 2015 should have occurred between October 1, 2013 and October 1, 2014.  This is where many people get stuck coming up with this information.

If you need help completing the form or obtaining comparable properties I am available to help.

For a fee of $50.00 I will locate the 5 best comparables and email them to you with full details including lot and block number and addresses.  (This service is free to current and past clients)

If you need additional help completing form A-1 I can also help for an additional $75.00 fee.

Note:  The county charges a separate filing fee ranging from $5.00 to $150.00 based on the assessed valuation. The filing fee schedule is as follows:

If the assessment appealed is:
Less than $150,000 $5.00
$150,000 or more, but less than $500,000 $25.00
$500,000 or more, but less than $1,000,000 $100.00
$1,000,000 or more $150.00

Best wishes on saving money on your taxes!

Matt

P.S.  Call me if you need my help with your property tax appeal.  I have a limited amount of time set aside to help with this so call me at 609-484-9890 ext. 132 if you need my help.

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Atlantic County First Time Home Buyer Grant Money Now Available – $10,000

The Atlantic County, NJ grant program is now funded with grants available of up to $10,000 for first time home buyers!  All funds are forgiven after 5 years.  This programs does not work for everyone so I’ve outlined the key requirements below.

Free Money!

Free Money! $10,000 Grant For First Time Home Buyers

Eligible Applicants:

     HOUSEHOLDS

  1. Who have resided in Atlantic County for the last 12 months or are employed in Atlantic County.
  2. Who have not owned a home for the last  three years.
  3. With acceptable credit history and the ability to obtain an approved mortgage.
  4. With incomes below 80% of Median income:

These income levels are (2013):

                                                           # of Household  Members 80% of Median Income
1 Person. $38,400
2 Persons $43,900
3 Persons $49,400
4 Persons $54,850
5 Persons $59,250
6 Persons $63,650
7 Persons $68,050
8 Persons $72,450

If you or someone you know may be eligible to qualify for this grant please call me for more details at 609-338-3773.  Time is limited and funds are usually gone in a few months so please call me now.