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Monmouth County Closed Sales 01-01-2009 - 09/30-2009

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

Posted Wednesday Oct 28