Many potential buyers have felt priced out of the market or that banks are no longer giving mortgage unless they have a 20% down payment.
This is just not true.
Over the past months there have been many changes in the real estate market, nationally and in our local market. Some information has been supplied by the media but the vast majority of home buyers still have questions regarding different local down payment programs, mortgage products, tax credit, current government incentives and best home buying practices...
This home buying workshop features 7 professionals who will provide you with the information you need and answer any questions you may have. We hope that you will walk away armed with the necessary information and confidence to begin the search for your new dream home
| When: |
Thursday July 16th 2009. Doors open at 5:30 pm |
REGISTER Now, Seating Is Limited |
| Where: |
Old Franklin School House - 491 Middlesex Ave (Route 27) Metuchen, NJ 08840 (directly across the Metuchen Library) |
MapQuest & Directions |
| Who Should Attend: |
Home buyers who intend to purchase real estate in Central Jersey preferably before 11/30/09 |
Home Buying Workshop - Agenda
|
5:30-6:00 |
Doors Open |
|
|
6:15-6:20 |
Home Buying Workshop - Introduction and Announcements |
Judy Crawford |
|
6:20-6:45 |
American Dream Program and others Grant Options |
Melissa Bellamy |
|
6:45-7:00 |
From Contract to Closing |
David Sachs |
|
7:00-7:15 |
Protect Yourself - Home Inspection Process Overview |
Harish Chauhan |
|
7:15-7:30 |
Mortgage Approval Made Easy |
Alex Rivera |
|
7:30-8:00 |
Q&A |
|
Home Buying Workshop - Featured Professionals
|
Melissa Bellamy |
Division Head, Middlesex County Dept. of Housing |
732-745-2922 |
|
David Sachs |
Real Estate Attorney |
732-548-8900 |
|
Alex Rivera |
Vice-President, Jersey Mortgage Corp. |
973-219-5863 |
|
Harish Chauhan |
Senior Inspector/Manager, 1st Inspection Services |
732-384-2068 |
|
Judy Crawford |
Team Leader, Keller Williams Elite Realty |
|
|
Barbara Ascolese & Cathy Chaudemanche |
Realtors Associate, First Time Home Buyers Specialists |
732-710-2302 or 732-616-6700 |
Piscataway Real Estate in Middlesex County, New Jersey. North Edison homes for sale and North Edison Real Estate. Metuchen homes for sale and Metuchen Real Estate in Middlesex County, New Jersey.
Cathy Chaudemanche
Keller Williams Elite Realty
YourHouseFast.com
Home Prices by Zip code for homes in Middlesex County, New Jersey
One family residential home. 2009 YTD (07/09) average home sold price by zip code.
| 07001 | $266,648 |
| 07008 | $253,727 |
| 07064 | $263,833 |
| 07067 | $361,767 |
| 07077 | $255,050 |
| 07080 | $295,175 |
| 07095 | $274,843 |
| 07735 | $237,122 |
| 07747 | $434,575 |
| 08512 | $528,933 |
| 08536 | $544,396 |
| 08540 | $498,992 |
| 08810 | $415,813 |
| 08812 | $283,736 |
| 08816 | $392,872 |
| 08817 | $291,857 |
| 08820 | $486,425 |
| 08824 | $396,667 |
| 08828 | $223,200 |
| 08830 | $304,100 |
| 08831 | $429,668 |
| 08832 | $256,500 |
| 08837 | $310,110 |
| 08840 | $418,752 |
| 08846 | $289,352 |
| 08850 | $306,314 |
| 08852 | $676,705 |
| 08854 | $313,204 |
| 08857 | $365,898 |
| 08859 | $289,933 |
| 08861 | $197,575 |
| 08863 | $257,431 |
| 08872 | $301,996 |
| 08879 | $259,271 |
| 08882 | $258,950 |
| 08884 | $312,262 |
| 08901 | $252,144 |
| 08902 | $353,615 |
| 08904 | $347,079 |
* Data from Middlesex County Multiple Listing System. Calculated on 07/04/09.
Piscataway Real Estate in Middlesex County, New Jersey. North Edison homes for sale and North Edison Real Estate. Metuchen homes for sale and Metuchen Real Estate in Middlesex County, New Jersey.
Cathy Chaudemanche
Keller Williams Elite Realty
YourHouseFast.com
Middlesex County Real Estate Market Commentary
For Middlesex County, the number of new homes listed in June has increased over 20% compare to new homes listed in May. This is expected seasonal behavior with more sellers waiting for this time of the year to list their homes. It is under last year number's (-7.32%) and is a positive for the overall inventory and DOI (Days of Inventory).
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has slightly decreased to 2838 homes currently for sale in Middlesex County following a high in April (2874).
This month's absorption rate (364 per month) or number of sold homes has increased 41% versus last month after a 21% increase from April. January and February absorption rates averaged 165. Buyers are definitely back and profiting from the grants and incentives available.
This is beneficially affecting the Days of Inventory (DOI) which has decreased over 32% versus last month. At 233 days, it means it would take over 7 months to sell all existing inventory at the same rate. DOI has been consistently decreasing since January. A market with over 6 months supply would usually qualify as a buyer's market. A market with less than 6 months of supply would usually qualify as a seller's market.
Both median and average sold prices increased almost 6% versus May and they are following a 5 months up-trend.
SP/AP ratio increased as well at 95%. In average, sellers are accepting offers at 95% of their asking price.
Another important real estate statistic is Days on market or DOM which stays at the same level (80 days). Meaning that it takes less than 3 months in average to go under contract.
Cathy Chaudemanche
Realtor Associate / Keller Williams Metuchen Elite Realty
Servicing Home Buyers and Sellers with their Real Estate needs in Middlesex County and central New Jersey.
Piscataway Real Estate in Middlesex County, New Jersey.
North Edison homes for sale and North Edison Real Estate
Metuchen homes for sale and Metuchen Real Estate in Middlesex County, New Jersey.
Middlesex County Real Estate Statistics
Those Middlesex County real estate statistics include residential one family only. They do not include townhouses, condos, co-ops, multi-family, commercial properties, etc...Data is from the Middlesex County Multi Listing System (MLS).
| Middlesex CountyReal Estate Statistics | June 2009* | Previous Month** | June 2008 |
| Active Inventory | 2838 | 2862 (-0.84%) | N/A |
| New Homes Listed | 747 | 622 (20.10%) | 806 (-7.32%) |
| Sold Homes | 364 | 258 (41.09%) | 391 (-6.91%) |
| Median Sold Price (MSP) | $328,250 | $309,750 (5.97%) | $358,000 (-8.31%) |
| Average Sold Price (ASP) | $355,841 | $336,300 (5.81%) | $403,966 (-11.91%) |
| Sold Price/Asking Price (SP/AP) | 95.00% | 94% (1.06%) | 95.00% |
| Days on Market (DOM) | 80 | 79 (1.27%) | 78 (2.56%) |
| Days of Inventory (DOI) | 233 | 344 (-32.27%) | N/A |
*Real Estate Statistics Calculated on 07/09/2009 **Calculated on 06/08/09
I will be posting tomorrow the Market Commentary for Middlesex County.
Cathy Chaudemanche
Keller Williams Elite Realty
YourHouseFast.com
North Edison Real Estate
Piscataway Real Estate
Coming Event- Comprehensive Home Buying Workshop
-Registration not required but strongly suggested, free admission, refreshment will be served-
Various Middlesex County professionals will present in an easy to understand format current and specific information you need to know as a Middlesex County home buyer. Including local down payment programs, mortgage programs, government incentives, etc...
Learn More...OR Register Now
| When: | Thursday July 16th 2009. Doors open at 5:30 pm. |
| Where: | Old Franklin School House - 491 Middlesex Ave (Route 27) Metuchen, NJ 08840 (directly across the Metuchen Library) |
| Audience: | Home buyers who intend to purchase real estate in Central Jersey preferably before 11/30/09 |
| Featuring: |
Melissa Bellamy, Division Head, Middlesex County Dept. of Housing David Sachs, Real Estate Attorney Alex Rivera, Vice President Jersey Mortgages Corp. Harish Chauhan, Owner of 1st Inspection Services Judy Crawford, Team Leader at Keller Williams Elite Realty Barbara Ascolese and Cathy Chaudemanche, First Time Home Buyer Specialist |
Cathy Chaudemanche
Realtor Associate / Keller Williams Elite Realty
Servicing Home Buyers and Sellers with their Real Estate needs in Middlesex County and central New Jersey.
Piscataway Real Estate, Edison Real Estate,
 |
|
|
Real estate is local. Where do you get your information from? Middlesex County, New Jersey Real Estate Statistics and Market Commentary: http://www.yourhousefast.com/housing-analysis.asp
Servicing Home Buyers & Sellers in Edison, Metuchen, Piscataway, Iselin, Woodbridge, Fords, New-Brunswick, Brunswicks, Colonia, South Plainfield...and greater Middlesex County in Central Jersey.
View Middlesex County, New Jersey in a larger map
First time home buyers in Middlesex County NJ, are you familiar with local down payment programs, grants, seller’s concessions and incentives? What you don't know can cost you. Register Now to set-up your very own workshop tutorial at no cost or obligation.
Edison Real Estate - Edison Homes for Sale - Edison Townhouses for Sale - Edison Condos for Sale
Edison Real Estate within the Edison Township in New Jersey includes North Edison, South Edison and Clara Barton. It is a very dynamic Real Estate market and for good reasons.
- In 2009, Edison was ranked as one of "America's 10 Best Places to Grow Up" out of 2000 places by U.S.News & World Report. The ranking focused on low crime, strong school system, expansive green spaces, and abundance of fun recreational activities and family events.
- In 2008, Edison was ranked 35 out of the top 100 places to live in the US by Money Magazine.
Edison Real Estate offers Edison Homes for Sale, Edison Townhouses for Sale and also many Edison Condos for Sale. Whether you are looking for one bedroom condo or 5 bedrooms mansion, Edison Real Estate has it all...
Search Edison Homes for Sale, Condos and Townhouses directly
from the Middlesex County Multi Listing System.
North Edison Real Estate is located within the northern part of the city of Edison. It is bordered on the south by Metuchen, on the north by Scotch Plain, on the west by South Plainfield and on the east by Woodbridge . North Edison NJ zip code is 08820.
North Edison Real Estate or 08820 Real Estate include North Edison Homes for Sale and many condominium developments offering many beautiful North Edison Condos for Sale and Townhouses.
The following condos developments are located within North Edison 08820: Dogwood Meadows, Enclave, Grande Woods, Heatherwood, Maples, Park Gate, Pumptown Corners, The Oaks, Timberline, Village Gate, Village Pointe, Westgate.
Find your Edison Home's Value at no cost or obligation.
Generate weekly Edison Real Estate market
reports right to your email account.
Clara Barton in Edison is where I live. Clara Barton Real Estate is mostly residential and is located along Amboy Avenue. Most of it includes single family Clara Barton Homes for Sale. Clara Barton Real Estate is conveniently located, close to the Metuchen train station and major highways (I 287, New Jersey Turnpike, Garden State Parkway, Route 1, 9, 27,440...).
Who you give your referral to directly reflects on you. I'll invite you to read below the Testimonials section what previous clients are saying about my services. If you believe we can help each other please contact me.
For listing's referrals, I cover Middlesex County (Edison, Piscataway, Metuchen, Woodbridge, Fords, Iselin, Brunswicks...) New Jersey only.
For buyer's referrals, I cover central New Jersey.
Also I'll invite you to add me as an associate using the "Add as Associate" feature. Upon receipt of the Active Rain automated request, I will make sure to add you in the appropriate *YourState* Real Estate Agents link on the left side. We are in business to network, are we not? So make it happen!!!
-Cathy C.
Testimonials and recognition from clients, the media, peers and the general public speak louder than anything I could say about myself or my services... would you not agree?
Featured in the Home News Tribune
Featured in New Jersey Realtor
Featured source in the New York Times
Clients:
"We found Cathy after having a terrible experience with our previous listing agent. There was a 180 degree difference in terms of communication, marketing expertise, and overall professionalism. She did an excellent job of presenting our property and following up with interested parties. After receiving no offers in 4 months when our townhouse was listed with the old agent -- we received an offer just $7K less than our list price -- within 1 month of signing on with Cathy. This is most impressive in this continued "buyers' market."
First-time home sellers shouldn't underestimate the importance of the listing agent in selling their property. We have no doubt that, had Cathy been our agent from the get-go, we'd have sold much more quickly and received a higher offer. She's knowledgeable about the real estate market and comfortable with using the Internet in conjunction with conventional marketing practices to feature your property. We've recommended Cathy to numerous people and wouldn't hesitate to use her services again." - Jyothi D.
"...Cathy overall was a blessing and we would use her again." - Ella F.
"... we had results [with Cathy] which we did not have with our previous agent." - Nausheen H.
"Cathy is the hardest working real estate agent we have met. She is very knowledgeable about the market value and works efficiently to get things done without burdening us with any problems. She has great follow up skills and is willing to go above and beyond what a real estate agent's job description is. We would hire Cathy again if we were to sell or buy another home in the future." - Kaylin C.
"It is my first house and as a first time buyer I had a lot of questions. She [Cathy] answered all my queries. She also gave me a lot of good advice ...She has also helped me a lot after the closing of the house." - Sunil J.
"I just wanted to thank you for your time [Cathy] in helping us find the right home for our family. We are moving in on Thursday and are extremely excited about the house. Good luck to you and thanks again." - Ronica S.
"A simple, heartfelt "thank you" from someone very grateful...Thank You" - John C.
~
General Public and Peers:
"...Professional, Thoughtful and Rewarding "First Time Home Buyer Program" Barbara Ascolese and Cathy Chaudemanche could not have prepared a better night for ALL..."- Judie C.
"I really love your website. I think you have the most informative website any realtor has. Awesome job!" - Mary M.
"Thanks [Cathy] for your useful and unselfish help." - Tim K.
"Cathy - This is exactly why you are getting the business that no one else is. You are actually supplying information that people can use." - Todd C.
"...I am so glad that I found your website when I did. I think that your program the other evening was quite superb. It was very generous for you all to let the public know about these programs..." - Tikola K.
"Cathy,
This is terrific info. We need to get this kind of data in front of all buyers. We all know that today's buyers are the most sophisticated than ever before. Data like this that you've carefully spelled out in detail is much more compelling to buyers than what NAR puts out in press releases. I'll be using it myself. Hopefully other agents will do the same. Thanks again for this info!" - Pete M.
"Hi Cathy, Steve from Top Producer here, I just stumbled on your website and wanted to tell you....nice job! Great info and a lot of it..." - Steve P.
Catherine "Cathy" Chaudemanche Team
Full-Time, Informed & Involved
Realtor Associate/Keller Williams Elite Realty
Metuchen, New Jersey
Servicing Home Buyers and Sellers in Greater Middlesex County, Central Jersey
http://www.YourHouseFast.com
Accomplished businesswoman and real estate agent/Realtor. Member of the Middlesex County and Garden State multiple listings systems. Also member of the National Association of Realtors , New Jersey Association of Realtors, Middlesex County Association of Realtors and the Woman's Council of Realtors. Recipient of several certifications and awards.
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