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

Hurricane Sandy Relief Events In February

FYI and those interested :

1. Thursday 2/7/13 7 pm John Amodeo and Chris Brown & more at the Brigantine Republican club for Hurricane Sandy issues. Meeting at the Cellar 32, 2ndfloor. The Cellar is behind and to the left of the new CVS near the lighthouse as you come into Brigantine Ave. It’s Home made sub night at the meeting.

2. Lawyer Joseph A. Porcelli of Toms River is having two free 2 hour seminars for those home and business owners who want information on Sandy claims. Friday 2/8/13 at the Atlantic County Library , Egg Harbor Twp, 1 SwiftAve. EHT NJ -8234. Times are 9:30-11:30 AM 2/8/13 and 1:30 to 3:30PM 2/8/13. Space is Limited. He asks that people call or email in advance for attendance: Phone: 732-244-4451 or 877-529-9191 or email at SandyClaims@AttorneyPorcelli.com.

Best wishes, Matt