April 2009
New Listings – 8
Under Contract – 10
Closed Sales – 1
In April we saw fewer new listings come on the market but more homes going under contract. The list price of the homes which went under contract range from $330,000 to $1,395,000. It is good news to finally see some higher priced homes go under contract. The only home that closed in April was 144 King Drive in Gillette and it sold for $370,000. Active inventory as of April 31 is 54.
To search homes for sale in Long Hill Township visit my website @ www.longhilltownshiphomes.com
Showing posts with label market update. Show all posts
Showing posts with label market update. Show all posts
Saturday, May 2, 2009
Thursday, February 5, 2009
Long Hill Township Market Update
I want to take this time to compare December 2008 numbers to January 2009 numbers...
December 2008
New Listings - 5
Under Contract - 2
Closed Sales - 6
Out of the 6 closed sales, 5 were under $500,000. One of the under contract listings went under contract and sold in the month of December. It sold for under $500,000. The other under contract listing was listed for $525,000.
January 2009
New Listings - 10
Under Contract - 6
Closed Sales - 0
There were NO closed sales in the month of January. Out of the 6 under contract listings, all 6 were under $500,000.
It will be interesting to see what Long Hill Township's spring market will bring. Apparently the buyers are staying at the $500,000 mark or below. We currently have 46 listings ranging from $300,000 to $1,525,000. I'm sure the higher end homeowners would like to see their listings move. Hopefully the higher end buyers will come out for the "spring thaw."
To search all active listings in Long Hill Township visit my website @ www.longhilltownshiphomes.com.
December 2008
New Listings - 5
Under Contract - 2
Closed Sales - 6
Out of the 6 closed sales, 5 were under $500,000. One of the under contract listings went under contract and sold in the month of December. It sold for under $500,000. The other under contract listing was listed for $525,000.
January 2009
New Listings - 10
Under Contract - 6
Closed Sales - 0
There were NO closed sales in the month of January. Out of the 6 under contract listings, all 6 were under $500,000.
It will be interesting to see what Long Hill Township's spring market will bring. Apparently the buyers are staying at the $500,000 mark or below. We currently have 46 listings ranging from $300,000 to $1,525,000. I'm sure the higher end homeowners would like to see their listings move. Hopefully the higher end buyers will come out for the "spring thaw."
To search all active listings in Long Hill Township visit my website @ www.longhilltownshiphomes.com.
Tuesday, November 27, 2007
What's happening in the market?
What's Happening in the Market? by Patrick Cicala, Countrywide Home Loans
Investors are returning from their Holiday to find a very active week of economic data awaiting them. We're close to year-end for a number of big mortgage investors who may choose to take profits and lock-in bonuses, which could limit the prospect of notably lower mortgage interest rates as the last couple of trading weeks for 2007wind down.
And that's what's Happening in the Market,
Patrick
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Current Rates (No Points)
Conforming 30 Yr Fixed @ 6%
Conforming 5/1 ARM @ 5.625%
Jumbo 30 Yr Fixed @ 6.75% (>600k)
Jumbo 5/1 ARM @ 5.625% (>600k)
For qualified Full Doc Purchase Applicants only, based on 30 day pricing...can close in 1 day to save your deal!
Where is Patrick?
He will be out recruiting Loan Officers in a neighborhood by you ...
__________________
QUICK LINKS
NJ Mortgages
Suburban Chamber of Commerce
Mortgage Industry News
*********************
Never hesitate to call me on the weekends to Preapprove your Customers, or assist with your Public Open Houses!
*********************
Ask Patrick!
Last Week's Question:
Is 100% Financing still available?
Answer: Yes, upto $417,000 with full documentation.
(Simply reply to this email with a question, and I will post the answer next week)
Direct @ (908) 252-3956, or email @ Patrick_Cicala@Countrywide.com
Investors are returning from their Holiday to find a very active week of economic data awaiting them. We're close to year-end for a number of big mortgage investors who may choose to take profits and lock-in bonuses, which could limit the prospect of notably lower mortgage interest rates as the last couple of trading weeks for 2007wind down.
And that's what's Happening in the Market,
Patrick
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Current Rates (No Points)
Conforming 30 Yr Fixed @ 6%
Conforming 5/1 ARM @ 5.625%
Jumbo 30 Yr Fixed @ 6.75% (>600k)
Jumbo 5/1 ARM @ 5.625% (>600k)
For qualified Full Doc Purchase Applicants only, based on 30 day pricing...can close in 1 day to save your deal!
Where is Patrick?
He will be out recruiting Loan Officers in a neighborhood by you ...
__________________
QUICK LINKS
NJ Mortgages
Suburban Chamber of Commerce
Mortgage Industry News
*********************
Never hesitate to call me on the weekends to Preapprove your Customers, or assist with your Public Open Houses!
*********************
Ask Patrick!
Last Week's Question:
Is 100% Financing still available?
Answer: Yes, upto $417,000 with full documentation.
(Simply reply to this email with a question, and I will post the answer next week)
Direct @ (908) 252-3956, or email @ Patrick_Cicala@Countrywide.com
Friday, August 17, 2007
Long Hill Township New Jersey Real Estate Market Update
Long Hill Township is located at the very southern tip of Morris County, NJ and is surrounded by Union and Somerset counties. Quite often people have not heard of Long Hill Township but they have heard of one or more of the communities which make up Long Hill Township which are Gillette, Stirling, Millington and the Hamlet of Meyersville.
Long Hill Township is a rural, low density community with a population of around 8,000. We have a blue ribbon school system and low crime.
There is a train station located in Gillette, Stirling and Millington (mid-town direct) making this township favorable for commuters in to NYC!
So all you Realtors out there that are searching for homes for your customers that need to be close to a NYC train line….add Long Hill Township to your search…your customers won’t be disappointed!
In the month of July 2007 the following occurred along the mid-town direct train line in New Jersey:
Long Hill Township
New Listings - 7
Under Contract Listings - 4
Sold – 8
Average sales price - $530,000
Berkeley Heights
New Listings – 12
Under Contract Listings - 10
Sold – 12
Average sales price - $652,000
New Providence
New Listings - 11
Under Contract Listings - 12
Sold – 10
Average sales price - $706,000
Summit
New Listings - 21
Under Contract Listings - 17
Sold – 22
Average sales price - $1,369,000
Prepared By:
Dianne Sommers
RE/MAX Classic Group
Serving Long Hill Township (Millington, Stirling, Gillette, Meyersville), Berkeley Heights, New Providence, Summit & surrounding areas.
Long Hill Township is a rural, low density community with a population of around 8,000. We have a blue ribbon school system and low crime.
There is a train station located in Gillette, Stirling and Millington (mid-town direct) making this township favorable for commuters in to NYC!
So all you Realtors out there that are searching for homes for your customers that need to be close to a NYC train line….add Long Hill Township to your search…your customers won’t be disappointed!
In the month of July 2007 the following occurred along the mid-town direct train line in New Jersey:
Long Hill Township
New Listings - 7
Under Contract Listings - 4
Sold – 8
Average sales price - $530,000
Berkeley Heights
New Listings – 12
Under Contract Listings - 10
Sold – 12
Average sales price - $652,000
New Providence
New Listings - 11
Under Contract Listings - 12
Sold – 10
Average sales price - $706,000
Summit
New Listings - 21
Under Contract Listings - 17
Sold – 22
Average sales price - $1,369,000
Prepared By:
Dianne Sommers
RE/MAX Classic Group
Serving Long Hill Township (Millington, Stirling, Gillette, Meyersville), Berkeley Heights, New Providence, Summit & surrounding areas.
Subscribe to:
Posts (Atom)
