The New Jersey Real Estate market is on it's way to recovery. Counties like Passic, Bergen, Morris, Somerset, Union, Middlesex and Mercer are currently recovering quicker than Monmouth. These counties have inventory of 5 and 6 months indicating a reduced supply which will stabilize prices. Experts are still predicting that New Jerseys housing prices will not reach 2004-05 levels again until 2016
Current unsold inventory in Monmouth County
Total Market 10 Months
400K and under 8 Months
400K to 599K 10 Months
600K to 1M 16 Months
1M to 2.5 M 20 Months
2.5 M 77 Months
A stable non declining real estate market is indicated by a 5 to 6 month inventory supply.
Statistics provoded through the Monmouth Ocean MLS
|
Township HIG HIGHLANDS |
Units Sold 145 |
Total $ Sales 16,542,339 |
Average Sales Price $114,085 |
Med Sale Price $16,800 |
|
HOL HOLMDEL |
143 |
$64,900,669 |
$453,850 |
$385,000 |
|
HOW HOWELL |
455 |
$109,835,509 |
$241,396 |
$243,500 |
|
INT INTERLAKEN |
11 |
$5,467,550 |
$497,050 |
$530,000 |
|
KEA KEANSBURG |
109 |
$9,604,780 |
$88,117 |
$60,000 |
|
KEY KEYPORT |
84 |
$11,847,406 |
$141,040 |
$152,500 |
|
LAK LAKE COMO |
42 |
$5,058,000 |
$120,428 |
$12,850 |
|
LIT LITTLE SILVER |
66 |
$27,016,728 |
$409,344 |
$435,000 |
|
LOC LOCH ARBOUR VILLAGE |
5 |
$2,859,000 |
$571,800 |
$327,000 |
|
LON LONG BRANCH |
323 |
$56,937,966 |
$176,278 |
$31,200 |
|
MAN MANALAPAN |
424 |
$123,624,289 |
$291,566 |
$293,500 |
|
MAQ MANASQUAN |
72 |
$30,038,457 |
$417,200 |
$408,500 |
|
MAR MARLBORO |
345 |
$134,662,146 |
$390,325 |
$385,000 |
|
MAT MATAWAN |
83 |
$17,519,654 |
$211,080 |
$250,000 |
|
MID MIDDLETOWN |
527 |
$153,370,847 |
$291,026 |
$293,900 |
|
MIL MILLSTONE(MON) |
57 |
$26,144,976 |
$458,683 |
$510,000 |
|
MON MONMOUTH BEACH |
109 |
$27,513,187 |
$252,414 |
$28,800 |
|
NEP NEPTUNE CITY |
35 |
$5,638,995 |
$161,114 |
$215,000 |
|
NPT NEPTUNE TWP |
231 |
$62,860,190 |
$272,122 |
$252,500 |
|
OCE OCEAN(MON) |
218 |
$56,367,506 |
$258,566 |
$280,450 |
|
OCP OCEANPORT |
42 |
$11,339,900 |
$269,997 |
$270,000 |
|
RED RED BANK |
179 |
$24,112,910 |
$134,708 |
$24,000 |
|
ROO ROOSEVELT |
6 |
$1,203,425 |
$200,570 |
$187,500 |
|
RUM RUMSON |
94 |
$60,547,800 |
$644,125 |
$487,500 |
|
SEA SEA BRIGHT |
95 |
$14,847,234 |
$156,286 |
$18,000 |
|
SEG SEA GIRT |
54 |
$28,467,582 |
$527,177 |
$33,750 |
|
SHB SHREWSBURY BORO |
41 |
$12,393,000 |
$302,268 |
$349,000 |
|
SHR SHREWSBURY TWP |
10 |
$855,900 |
$85,590 |
$99,500 |
|
SPH SPRING LK HEIGHTS |
65 |
$11,916,359 |
$183,328 |
$19,000 |
|
SPR SPRING LAKE |
103 |
$64,052,269 |
$621,866 |
$31,800 |
|
TIN TINTON FALLS |
212 |
$49,280,290 |
$232,454 |
$256,500 |
|
UNI UNION BEACH |
61 |
$12,435,585 |
$203,862 |
$230,000 |
|
UPF UPPER FREEHOLD |
31 |
$13,021,000 |
$420,032 |
$415,000 |
|
WAL WALL |
216 |
$65,915,449 |
$305,164 |
$319,750 |
|
WLB WEST LONG BRANCH |
68 |
$12,113,250 |
$178,136 |
$28,475 |
Broker-Regional Manager
Sales & Marketing Professional
732-657-1300 Office dawnmariewhite@gmail.com
732-581-9414 Cell www.njwaterfront.com
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