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Lebanon Township NJ Real Estate 2011 Annual Market Report
by Bob Zorechak - GRI, ABR, e-PRO
Find out the latest real estate market information for Lebanon Township NJ through 2011 in addition to a look back at the years in between to 2005. See what the trends are indicating and what is next for the Lebanon Township NJ real estate market. If you are considering buying and or selling a home in 2012 in Lebanon Township NJ, this valuable annual market report is an absolute must read.
Attention... all residential real estate is local! Not everything you read about online, in the papers and hear through major media outlets about the housing market is correct or relevant, especially when information is presented on a "national" or "regional" basis. There are many factors that make up the differences in local real estate markets, even from town to town and especially in a state like New Jersey with its inordinate amount of municipalities making it a challenge for some to drill down and obtain the correct market value of any given home. This is why it is important for both buyers and sellers to start with the latest "local" market data before they make any real estate decisions.

As you can see from the chart above the volume of Listings in Lebanon Township has been trending slightly downward in 4 out of the past 5 years with Closed Sales remaining relatively flat resulting in an otherwise weak local market. Inventory, which was abnormally high to begin with, has risen modestly by 11% from this same time last year up from 14.2 to 15.8 months, which is a step in the wrong direction.
Simply stated, "inventory" represents the number of homes currently available or For Sale in a given market, or in this case a specific town. This means that with all things remaining equal, at the current rate of sales, it will take approximately 16 months to sell all of Lebanon Township's current inventory. This figure indicates that Lebanon Township, like many of the surrounding towns is experiencing what we call a strong "Buyer's Market" and will remain so for at least the short term. A Buyer's Market is considered to be a market with an inventory of 7 or more months worth of homes to sell at any given time.
With more homes to choose from, not to mention record low interest rates and low prices, things remain very advantageous to buyers right now. A "Balanced" or normal market is considered to have 5 to 6 months worth of inventory with no distinct advantage to either Buyers or Sellers.

The chart above indicates a steadily declining trend in the Sale Price of homes in Lebanon Township NJ over the past 6 years. This is primarily due to two factors: an overall weak economy, which has a direct affect on the housing market along with Sellers refusing to price their homes close to their market value from the very beginning and then compounding the situation by not reducing their price in a timely manner. This scenario causes inventory to go up, and the listings to become "stale" because they are on the market much longer than the norm, resulting in a stagnant local market condition like the one we are currently experiencing.
Based on the excess amount of inventory, I would expect to see prices in Lebanon Township continue to decline at least for the short term until some of the older inventory is finally sold off or withdrawn from the market.
What Does the Market Hold for 2012?
Follow the link below to find out in addition to reading the rest of this Lebanon Township 2011 Annual Market Report:
Lebanon Township 2011 Annual Market Report
For more information on Lebanon Township including the school system, follow this link:
All you need to know about Lebanon Township NJ
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Tewksbury NJ Real Estate 2011 Annual Market Report
by Bob Zorechak - GRI, ABR, e-PRO
Find out the latest real estate market information for Tewksbury NJ through 2011 in addition to a look back at the years in between to 2005. See what the trends are indicating and what is next for the Tewksbury NJ real estate market. If you are considering buying and or selling a home in 2012 in Tewksbury NJ, this valuable annual market report is an absolute must read.
Attention... all residential real estate is local! Not everything you read about online, in the papers and hear through major media outlets about the housing market is correct or relevant, especially when information is presented on a "national" or "regional" basis. There are many factors that make up the differences in local real estate markets, even from town to town and especially in a state like New Jersey with its inordinate amount of municipalities making it a challenge for some to drill down and obtain the correct market value of any given home. This is why it is important for both buyers and sellers to start with the latest "local" market data before they make any real estate decisions.

As you can see from the chart above the volume of both Closed Sales and Listings in Tewksbury has been fairly steady throughout the past 7 years, although the amount of Closed Sales has increased for the past 3 years in a row, which is a positive sign in an otherwise weak local market. Inventory has decreased significantly by 21% from this same time last year down from 21.5 to 17 months, which is a big step in the right direction.
Simply stated, "inventory" represents the number of homes currently available or For Sale in a given market, or in this case a specific town. This means that with all things remaining equal, at the current rate of sales, it will take approximately 17 months to sell all of Tewksbury's current inventory. This figure indicates that Tewksbury, like many of the surrounding towns is experiencing what we call a strong "Buyer's Market" and will remain so for at least the short term.
A Buyer's Market is considered to be a market with an inventory of 7 or more months worth of homes to sell at any given time. With more homes to choose from, not to mention record low interest rates and low prices, things remain very advantageous to buyers right now. A "Balanced" or normal market is considered to have 5 to 6 months worth of inventory with no distinct advantage to either Buyers or Sellers.

The chart above indicates a mixed trend in the Sale Price of homes in Tewksbury NJ over the past 7 years. This is primarily due to two factors: an overall weak economy, which has a direct affect on the housing market along with Sellers refusing to price their homes close to their market value from the very beginning and then compounding the situation by not reducing their price in a timely manner. This scenario causes inventory to go up, and the listings to become "stale" because they are on the market much longer than the norm, resulting in a stagnant local market condition like the one we are currently experiencing.
Based on the excess amount of inventory, I would expect to see prices in Tewksbury continue to decline at least for the short term until some of the older inventory is finally sold off or withdrawn from the market.
What Does the Market Hold for 2012?
Follow the link below to find out in addition to reading the rest of this Tewksbury 2011 Annual Market Report:
Tewksbury 2011 Annual Market Report
For more information on Tewksbury including the school system, follow this link:
All you need to know about Tewksbury NJ
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Hunterdon County Horse Properties For Sale
Full Service Equestrian Realtor At Your Service!
When You Need Your Realtor To Truley Understand What Your Looking For
Allow me to find the perfect property for you and your horses.

Tara Stone, Realtor
tara@davidrealtygroup.com or 908-209-9277
Click the word CLIENTFULL below to see all available horse properties in Hunterdon County NJ as of today 01/29/2012
When using the hyperlinks below, once the report opens you can click on any pictures that you see in the report to bring up a media report. The media report has all available images of the property as well as available virtual tours.
The links sent with this email will expire 60 days from 01/29/2012.
** Information deemed RELIABLE but not GUARANTEED **
Not Finding What Your Looking For? Search NJ for Available Horse Properties HERE
10% of All My Personal Commissions are Donated To NJ Horse Rescue
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Home for Sale By Owner in Readington Twp, NJ 08822 - Flat Fee MLS Listing $395
170 Stanton Rd Readington Twp, NJ 08822 - Realtors welcome, buyer agent commission paid at MLS#2909547
3 Beds 2 Baths
Single Family Home' Carbon Monoxide Detector, Dishwasher, Range/Oven-Gas, Refrigerator, Eat-In Kitchen, Wood Floor, First Level Rooms: 1 Bedroom, Bath(s) Other, Breakfast Room, Kitchen, Living Room, Second Level Rooms: 2 Bedrooms, Bath Main
If you are interested in this Home for Sale By Owner in Readington Twp, NJ 08822- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS#2909547 . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any realtor. Please see additional listing details at Realtor.com featured by Realmart Realty.
If you have a Home for Sale in Readington Twp, NJ 08822 and would like save up to 6% commission, we can list your home on the local MLS and Realtor.com for a low flat fee of $395. For more information please read the FAQ on Home for Sale By Owner in Readington Twp, NJ 08822- Flat Fee MLS Listing. You will get the maximum exposure of the local MLS, in which thousands of local realtors will help you sell your home. You also reserve the right to sell your home by owner and pay no commission at all.
Please contact Realmart Realty for our texting special. All new orders will receive a free sign with Texting Service where buyers can get full listing details on their mobile phones instantly. Offers ends 05/30/2011, call now for more information about Homes for Sale By Owner in Readington Twp, NJ 08822- Flat Fee MLS Listing $395.
Are you buying a home in Readington Twp, NJ 08822 We will give you up to 2% of the purchase price of the property at closing if you choose to work with us. This is for all homes that are listed on the MLS. For more information, please read
the Buying tips and FAQS.
Jack Yao - Realmart Realty info@realmartrealty.com, 732-727-2285
YES IT'S TRUE! The state of New Jersey allows REBATES for homebuyers. This is CASH in your pocket at the closing table. For more information on the rebate program, please read the New Jersey Law. This is not a government rebate. Please consult a tax professional about the rebate. In New Jersey commissions are negotiable.
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