Real Estate Market Trends

Home Sales Report Sayreville NJ

Submitted by Robert Geist on July 9, 2014 - 8:51am

Real Estate Market Data Sayreville Average Sales priceHome values in Sayreville NJ have been increasing over the past 2 years.  The chart on the left shows how the average home sales prices in Sayreville (for single family home, condominiums and townhouses) has increased from the first 6 months of 2012 when compared to the same period in 2013 and 2014.  The number of sales in each period are as follows:

  • 2012 127 Closed Home Sales
  • 2013 154 Closed Home Sales
  • 2014 147 Closed Home Sales

The average days on the market  for for homes sold in Sayerville

 

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A Stronger Home Sale Summer for the East Brunswick Market Area?

Submitted by Robert Geist on July 1, 2014 - 7:52am

Homes for Sale in East Brunswick NJ

May 2014 home sales, contracts signed, were up 6.1% from the prior month but prices eased a bit nationally according to data reported by the National Association of Realtors.

So home homes were up month over month but as compared to homes sales in May of 2013 sales were down 5.2%. 

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Real Estate Market Update April 2014

Submitted by Robert Geist on May 13, 2014 - 10:24am

Rick Davidson, President of CENTURY 21 Corporation, talks about the state of the real estate market as of April 2014.

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What's Happening in the Resale Market?

Submitted by Robert Geist on November 26, 2013 - 9:12am

The National Association of Realtors reported that nationally a drop in the number of previously owned homes sold in October compared to the previous year.  This is not unexpected news since many home buyers were surprised by the sudden increase in mortgage rates that eroded their buying power. 

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Budget Deal

Submitted by Robert Geist on October 17, 2013 - 4:58pm

Thankfully the U.S. congress reached an agreement to reopen the government last night.  The concern for the real estate market was that a U.S. default would further the increases in mortgage interest rates for at least the short term, slowing the sale of houses.  In addition the closure of the government delayed closings for some homebuyer if they were getting a mortgage loan through a federal loan program. 

Home Buyer and Seller Trends

Submitted by Robert Geist on October 17, 2013 - 9:01am

The National Association of Realtors has discovered that younger homebuyers (under 33) and older homebuyers (33 and over) choose a real estate agent for very different reasons.

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How Did Housing Do in 2012?

Submitted by Robert Geist on January 23, 2013 - 4:56pm

The National Association of Realtors reported on Jan. 21, 2013 that the level of U.S. house sales reached their highest level in 5 years. In addition, it was the highest yearly increase in sales since 2004. The sale of previously owned homes had an increase of 9.25% over 2011.

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Housing. What happened? What needs to be done?

Submitted by Robert Geist on December 17, 2011 - 4:53pm

There has been plenty of talk about the decline in housing lending the country into recession.  A recovery is being held back since housing remains stagnant. The housing market always has up and downs. Usually a slowing economy then hurts the housing market. This time it was opposite. A down turn in housing caused a recession a depression for many.

What really caused the down turn?  I would seem to me that over zealous politicians in Washington would be my guess.  Government mandates to put policies and programs in place to increase the rate of home ownership at an unrealistic and unhealthy pace.  Instead of focusing policies to raise the standard of living for the lower and middle class Americans, better education & work programs they instead choose to lower requirements to purchase a home.

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New Brunswick Investment Properties- Student Housing

Submitted by Robert Geist on November 21, 2011 - 4:38pm

In Middlesex County NJ, the single market that has held up the best is the Investment Property Market- renting to Rutgers students in New Brunswick, NJ. 

From our recent analysis, prices are at or near a peak! These properties are selling as soon as they hit the market!  At the beginning of the market downturn in 2006, the Rutgers housing sector of the real estate market took a bit of a hit.  Since then, property values for these types of investments have steadily risen.
The main draw is a steady, reliable income stream created by ever increasing demand for off-campus housing in the areas nearest to College Avenue in New Brunswick. 

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