How will COVID 19 Affect Real Estate In South Jersey?

First of all we want to extend our sympathy to those who have been personally affected by the COVID 19 virus.  We also would like to express our support to those who have lost jobs at this difficult time.

As of today Governor Murphy announced that all non essential businesses should close and work from home.  At Keller Williams Realty we are honoring this request and have already made preparations to work remotely.  Our staff and leadership team will continue to work remotely from home.  Our affiliated title company is also prepared to work from home and handle closings remotely.

We anticipate our scheduled closings to close on time and are communicating with our clients on any potential delays.

For new seller clients we have initiated a Virtual Home Selling Service.  We will take new listings including video tours without having to come to our client’s home and without any buyers having to come in their house.  We have also implemented a virtual live open house strategy to further promote our listings on social media.

For our home buyer and seller clients we have implemented video conferencing for all meetings.  We also have a Virtual Home Buying Service to help our buyer clients navigate through potential homes and neighborhoods without having to leave the comfort and safety of their home.

Is now a good time to buy or sell real estate in South Jersey?  The answer is it depends on your circumstances.  We are offering phone or video consultations to help you determine if this is the right time for you.

We are committed to help our clients with their real estate needs and add value to their lives.  We pray that everyone would stay safe and well.

Richard, Matthew, Linda Haviland

P.S.  Is there anything we can support you with?  If we can help we will.  If we can’t we’ll let you know or do our best to connect you to someone that can help.

Atlantic County, NJ Real Estate Market Update 2020

Here is a look at the Atlantic County real estate market.  We will break out single family homes, condos and take a look at adult communities.


For single family homes, New listing were up in December, closed sales were up and median sales price was up by 22.6% to $225,000.  Inventory was down by 4.7%.

For condos and townhomes new listings were up 40% and median sales price was up 31.8%.  Inventory went up 10%.  Recent changes allowing FHA spot approvals should open up more financing options for condo buyers and also help contribute to increased condo prices.

For adult communities new listings rose by 42.9%. Days on market dropped by 60% to just 33 days on market.  Median sales price decreased by 21% for the month.  In general the adult community home prices do mirror the rest of the market so a few lower priced homes sales may have led to the drop in prices for the month.

If you’re thinking about buying or selling a home please contact us for a complimentary Pin Point Price Analysis and Room By Room Review.

 

 

 

 

 

 

The Haviland Group 2019 Thanksgiving Pie Giveaway

Every year we offer fresh baked pies to our clients and referral partners as a way of saying thank you. It’s a great day and this year was our best pie day yet. We are grateful to have the opportunity to help so many wonderful people buy sell and invest in real estate.  Thanks to our clients for trusting us with their real estate needs and introducing us to the people you care about!

11 Reasons Home Sellers Should List During the Holiday Season

Now is a great time to sell your home.

We are rolling toward the end of October and Thanksgiving is right around the corner.  Many home seller chose to pull their homes off the market this time of year and wait until Spring to sell.  Here are 11 reasons sellers should list during the Holiday Season.

11. By selling now, you may have an opportunity to be a non-contingent buyer during the Spring, when many more houses are on the market for less money! This will allow you to sell high and buy low.

10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year.

9. Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the Holidays.

8. January is traditionally the month for employees to begin new jobs. Since transfers cannot wait until Spring to buy, you need to be on the market during the Holidays to capture the market.

7. Some people must buy before the end of the year for tax reasons.

6. Buyers have more time to look for a home during the Holidays than they do during a work week.

5. Buyers are more emotional during the Holidays, so they are more likely to pay your price.

4. Houses show better when decorated for the Holidays.

3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home. Less demand means more money for you.

2. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you.

And the number one reason why your seller should list during the Holidays …

1. People who look for homes during the Holidays are more serious buyers!

If you’d like to know if this is the best time or not to sell for you please contact me at 609-338-3773.

* repost from blog.KW.com

3 Reasons Mays Landing, NJ Is A Great Place To Live.

3 Reasons To Love Living In Mays Landing, NJ.

Recently I’ve had several sales in Mays Landing.  I’d like to take a moment to share 3 reasons Mays Landing is a great place to live.  I’d also like to highlight three great communities I’ve recently had sales in.

Great Location

Mays Landing is located just West of Atlantic City.  It’s about 20 minutes drive to Atlantic City.  An hour to Philadelphia and 2 hours to New York.  Mays Landing is also the regional shopping hub.  Home of Hamilton Mall and major retailers like Macys, Khols, Target, Wal Mart, Hobby Lobby, Home Goods, Bed Bath And Beyond, Best Buy and more.  Mays Landing also is home to many national restaurants such as Longhorn Steakhouse, Buffalo Wild Wings, Olive Garden, Red Lobster, Famous Dave’s, Red Robin, Moe’s, Outback, Chipotle and more.  It’s convenient location makes it a great place to live and have easy access to shopping and activities.

Two of our recent sales in Mays Landing.

Low Tax Rate

Mays Landing has one of the lowest tax rates in Atlantic County.  Their municipal Tax Rate is 0.882 making it one of the lowest municipal tax rates.  Many Mays Landing Homes have taxes under $5,000 per year.

Low Home Prices

Mays Landing also has reasonable home prices.  I’ll give you a few examples.  I recently sold a fantastic 4 bedroom, 3.5 bathroom home in Victoria Pointe for $245,000.  I also sold a beautiful home in a 55 and over community called Tavistock.  The home was 2 bedrooms, 2 baths and sold for $187,000.  And even if you’re looking for something on a lower budget I sold a 3 bed, 2 bath manufactured home at The Fairways for $70,000.  Also if you’re looking for a new home Artists Walk has homes starting in the low $200,000 range.

Mays Landing has a great location, reasonable home prices and low taxes.  If you’re looking for a home consider Mays Landing.  There are a variety of communities to fit your needs.  Contact us for a consultation to see if Mays Landing would be a good fit for you.

 

Brigantine NJ Beach Homes

5 Reasons To Love Brigantine NJ

Brigantine NJ is not the most well knows shore town in NJ.  That’s part of the charm of Brigantine.  Here are 5 Reasons to love Brigantine NJ.

Number 1: The Beaches

Brigantine Beaches are beautiful, not packed, and easy to get in and out of.  Brigantine also has one of the few beaches in NJ that allow 4 x 4 access to sections of the beach.  Personally I spent a lot of time there one summer playing beach volleyball with the Brigantine Beach Volleyball Association.

Number 2:  Location

Brigantine is located just North of Atlantic City.  It’s easy to access Brigantine from Route 30 and the Atlantic City Expressway and garden state parkway.  Once in Brigantine there it is a peaceful and fun retreat.

Number 3:  Boating

Brigantine offers many amenities for boating lovers.  Many of the homes are on the bay or cove that allows boat slips.  This gives you easy access to the bay and ocean.  Enjoy fishing, crabbing or relaxing on the water.  Jet skiing is also popular in Brigantine.  Or enjoy kayaking or paddle boarding.

Number 4:  Affordability

Brigantine home prices are typically lower than some of the other shore towns.  You can purchase a 3 bedroom 2 bath home in the $300,000 price range.  Waterfront homes start in the $400,000 range.

Number 5:  Golf

The Links at Brigantine Beach is a fantastic 18 hole golf course open year round.  Enjoy ocean breezes on this Scottish Links style golf course.

Brigantine Beach has much to offer for a year round residence, vacation home or investment.  We have an office located in Brigantine to help with any real estate needs there.  Contact us and we’d be glad to help.  Call 609-484-0890 ext. 132.

Visit our office:  Keller Williams Realty Atlantic Shore 

Awesome New Construction Active Adult Community Barnegat,NJ

Venue at Lighthouse Station in Barnegat, NJ by Lennar Homes

Recently I visited a fantastic new home community in Barnegat, NJ at exit 67 on the Garden State Parkway.  This community is just off the exit giving you easy access to points North and South.  Lennar homes is one of the premier home builders in the country and this community is very impressive.

Model home at Venue at Lighthouse Station in Barnegat, NJ.

If you are looking for a brand new home in a 55 and over community in NJ consider Venue at Lighthouse Station.  The quality of the homes is fantastic and better than most of the other new home communities I’ve seen.  They also have several fantastic layouts to choose from.  Basements are an option which is nice for extra storage space.  The community has homes on one level and also offers second floor options.

There are 3 model homes up now available to tour and 4th one is going up now.  The new model will have two master suites offering a great set up for multi generational families.  Home prices start in the $300,000 range and the homes come very nicely equipped for the price.  Of course there is a club house with a pool and fitness center.  If you are interested in new construction or would like to schedule a tour of this community.  Please contact us below.

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Commercial Real Estate Retail Update In Atlantic County, NJ

Businesses closing, opening and moving in Atlantic County, NJ

You may have noticed an increase in commercial real estate activity recently.  New businesses are opening, and moving to larger locations.   In this post I’m going to focus in on a few moves.

The Black Horse Pike area of Egg Harbor Township and Mays Landing has seen many new activities.  New businesses have moved into the Wal Mart shopping center in Egg Harbor Township.  Along the English Creek area a new Dunkin Donuts drive through opened and Mavis Discount Tire.  In Mays Landing a new strip mall center opened with a new Starbucks drive through and Sleep Number Store.  Across the street from that is the new Outback Steak House.

Earlier this month JC Penny Officially closed it’s doors at the Hamilton Mall location in Mays Landing.  This leaves the mall without two anchor stores.  Sears also closed last year.  Burlington Coat Factory is moving its location from Harbor Square in Egg Harbor Township to Consumer Square in Mays Landing.

One of my favorite restaurants Nizam’s also moved it’s location recently to a larger and nicer location in front of Harbor Square.  If you are a business owner there are many opportunities in Atlantic County to start and grow a business here.  Contact us for a no obligation consultation.

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Egg Harbor Township, NJ Real Estate Market Trends

Here's an update on what's happening in the Egg Harbor Township Real Estate Market.

Here’s an update on the trends in the Egg Harbor Township, NJ real estate market.  This chart compares February 2019 with February 2018.  New listings were down 12.8%. Closed sales were also down slightly from 36 units to 33 units.  Days on Market decreased to 70 days.  Median Sales Price went up to $184,000. Up 1.4% from the previous year.  Percentage of list price received also went up to 98.2% of list price.

To interpret this it means that inventory is down and prices are up slightly.  This means we are moving slowly from a buyer’s market toward a seller’s market.  If you are thinking about selling your Egg Harbor Township home it may be a good time to consider selling now.  Also, If you’ve been waiting to buy a home now is a great time to buy before prices continue to increase.  I’f you’re considering buying or selling a home in Egg Harbor Township please contact us for a free consultation.

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Real Estate Market Update For Mays Landing, NJ

Here is the latest update for the real estate market for Mays Landing, Hamilton Township, NJ Atlantic County

So first let me say that this update is for Hamilton Township (AKA Mays Landing), Atlantic County, NJ.  There are two Hamilton Townships in NJ so if you are looking for Atlantic County in South Jersey you’ve come to the right place!  Mays Landing is located about 20 minutes east of Atlantic City and Ocean City.  Mays Landing is also the regional shopping and retail hub of the county and home to The Hamilton Mall and many other strip centers and chain restaurants.

Here is an update for the Hamilton Township real estate market.  New listings were down slightly for December.  Closed sales were up.  Days on market was down to just 63 days.  The median sales price was lower for the month however it is up 14% year to date to a median sales price of $173,250.

This report also takes a look at condos and townhomes in Mays Landing.  New listings were down for the month and median sales price is up 21%.  Monthly supply of inventory is up slightly to 6 months.


If you or someone you know is thinking of buying or selling real estate in Mays Landing please let us know. We can help them analyze the real estate market in their neighborhood to see if this is a good time to buy or sell for them.