If you’re looking for a Galloway NJ house for rent check out my video tour of 22 Seneca Drive. This great rental is available in Society Hill 3. (Correction in the video I say Society Hill 2. It is Society Hill 3.). This townhome has 2 bedrooms and 2.5 baths and is available for rent for $1,400 per month. Contact me for more details or to check availability click the link below: https://prompt.kw.com/property/LST-6825929189040496640-8
Today I’d like to highlight a few new listings both of which went under contract within a week of listing. Inventory is currently at an all time low. If you’re thinking about selling your home. You need an expert to help you navigate this market and positioning your home for the most profit possible. In a sellers market, selling your home is easy. The challenging part is successfully negotiating favorable terms for you to find your next home. Call me for a free consultation and I’d be glad to talk with you about your plans. Call 609-338-3773.
Galloway Green Market’s last day of the summer season is Thursday August 29th. Hours are from 4-7 PM. Stop in for local produce, baked goods, flowers and more. Galloway Green Market is located at the Smithville Village Greene parking lot. It’s a great location close to the other fantastic shops and restaurants of Smithville. Come out and support local farmers and businesses and enjoy some great live music while you’re there.
Buying a vacation home at the Jersey shore may seem out of reach for most people. Typical beach homes range in the $400,000 range and up. However it is possible to purchase something much less and and actually keep the price under $200,000. Here are 3 ways to purchase a NJ shore beach home for less than $200,000.
Choose a location further from the beach.
Many of our shore town have areas that are further from the beach. These sections typically have more year round residents and more affordable prices. For example, I recently listed this ranch home in Ventnor Heights that was raised and renovated and is currently priced at $190,000. Click here for details on the house.
Choose An Up And Coming Area
Not all shore towns are priced the same and if you’re looking to spend less choose an up and coming area like Atlantic City. Prices for many homes and condos are under $200,000. There are some great locations in Atlantic City and some not so great locations. Choose a local agent who can help you find the right location and home.
Look For A Home Off Shore
If you’re willing to take a short drive you can get more house for the money off shore. Communities like Somers Point are just a 5 minute drive into Ocean City. Absecon is just 5 minutes from Atlantic City and 10 minutes to Brigantine. And if you’re will to drive a little further communities like Egg Harbor Township, Linwood, Northfield and Galloway are within a 20 minute drive to the beaches.
If you’re considering purchasing a shore home or investment please contact us for a free consultation. No matter what your budget is we’re here to help.
Four Seasons Smithville is a fantastic 55 and over active adult community built by K. Hovnanian. This is the largest 55 and over community in Atlantic County and has some of the best amenities activities and clubs for active adult home buyers. Recently I met with a couple who will be relocating and wanted to know when would be the best time of year to sell their house. Their new home would not be ready until July or August and they wanted to time the sale of their Four Seasons home with the purchase of the new home. I studied the 2018 sales in the community to give them an idea of when they would need to put their house on the market for sale.
The chart shows the number of sales each month for the community. Average days on market for Four Seasons was 57 for the year. So that means it took 57 days on average for a home to sign a contract. Then typically it would take another 30-60 days to close from that date.
The biggest sales month was July followed by April and September. If you are looking to sell at one of the peak months March or April is a great time to list the house for sale. Who do you know that needs this kind of advice in selling their home? Contact me for a free consultation.
Best wishes, Matt
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 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.
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
If you know anyone looking for a great buy in Society Hill I in Galloway, NJ call me at 609-484-9890 ext 132. Here are some photos: