It’s a great time to sell your home. If you’re thinking about selling or just want to know what your home is worth right now please contact us.
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.
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