From Trend MLS - Closed Sales Volume 1/1/2009 through 6/30/2009 comparing one companies sales volume to another.
2008 Mercer County Closed Sales Volume
as reported to Trend MLS from 1/1/2008 to 12/31/2008
Comparing the top 8 companies closed sales volume in 2008
Not sure how many noticed this in the past week. The interesting points of the article are that state Senate passed a bill that allows developers to challenge age restrictions on pending developments. The bill (S-2577), which passed 21-13, allows developers to ask municipalities to reconsider projects that had been approved as senior housing. If the towns don't open up the buyer pool, developers can take their case to court. The bill only applies to projects that have not started construction nor sold a unit.
Also - Using statistics from Otteau Valuation Group, builders say there is a 16-year supply in senior housing. That means it will take 16 years to get to a healthy market level of a six-month supply, taking into account all the houses on the market now and all those that are in the pipeline.
http://thelakewoodscoop.blogspot.com/2009/06/senate-passes-bill-for-developers-to.html
Two great articles.
N.J. real estate sees steep drop in foreclosures : Foreclosure action on homes in New Jersey dropped more than 40 percent in May versus the same period the year earlier, giving hope that market supply will go down and prices will stabilize.
The number of houses that received a notice of foreclosure, were repossessed or went through some other type of foreclosure activity dropped 41.44 percent in May, compared with the same month in 2008, according to a report released today by RealtyTrac, a California-based firm that compiles national foreclosure data. Foreclosure activity dropped 12.44 percent from a month earlier.
Best window for homebuyers is closing: Though New Jersey home prices are expected to continue falling for a few months, a recent spike in mortgage rates may wipe out any savings buyers manage to wrangle from sellers. Economists say the time to buy may have been, well, yesterday.
"For those that are still waiting, they've already missed that perfect moment when prices were low and interest rates were also low," said Jeffrey Otteau, whose East Brunswick company, Otteau Valuation Group, tracks New Jersey real estate data.
Average rates jumped last week to 5.59 percent for a 30-year fixed-rate mortgage for borrowers with good credit, according to mortgage company Freddie Mac's weekly survey. That's nearly three-quarters of a percentage point above the low rate of 4.78 in late April.
In the first Quater of 2009 our Hamilton Office was ranked 2nd in Closed Transactions for all of Mercer County.
To all of you that helped us with our success through the first quater of 2009. You have made a challenging market that much more enjoyable - we could never have done it without you! We look forward to many many more successful transactions in the future.
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Branch Manager of the Hamilton Square Office of Gloria Nilson Real Estate and part of the management team. We have been the top producing company (closed sales volume) in Mercer County from 2003-2009
John has a great positive attitude and enjoys live - he is open, patient, creative and fair. John works hard and is willing to devote the time and energy it takes to deliver one-on-one training and support to both new and experienced agents. "As Manager of the Hamilton Square office, my role is to help each agent identify and build on the strengths they bring to their career as a Realtor. Through training, support and motivation, I can guide them to success."
"As Manager of the Hamilton Square office, my role is to help each agent identify and build on the strengths they bring to their career as a Realtor. Through training, support and motivation, I can guide them to success." In addition, he serves as part of the Management Team at Gloria Nilson GMAC Real Estate. John works hard to provide a professional, positive environment where people can learn the skills they need to know to be highly productive. He is open, patient, creative and fair. John works hard and is willing to devote the time and energy it takes to deliver one-on-one training and support to both new and experienced agents. John is married to Colleen with three children, Michael, Jamie and Clare. John keeps active in his leisure hours with family, biking, reading, sailing and skiing. He has a business degree in Finance and Real Estate from Appalachian State University in North Carolina. In addition to running the Hamilton office, John's ties to the community are strong. He has served for 10 years on the board of directors of the Mercer County Association of Realtors and previously as their president. He currently serves on the Board of Directors of Trend MLS and on the Executive Committee - The Multiple Listing Service of the Greater Delaware Valley. In addition, he has committed to serving on many committees including the strategic planning committee for the New Jersey Association of Realtors. In 2002, John was chosen as the Realtor of the Year for the state of New Jersey recognizing his many contributions to the community and the Realtor organization. In 2006 John was once again recognized as the Mercer County Association of Realtors "Realtor of the year"
"I've had the pleasure of knowing and working with John Burke since 2001. I've been lucky enough to be mentored by John as a Sales Associate and as a Branch Manager. John is always generous with his time and talent. Always on top of the latest trends, John is eager to share his knowledge. His long term career in Real Estate makes his experience invaluable." Susan Hughes Van Selous , Branch Manager , Gloria Nilson GMAC Real Estate "I have worked for John for the past nine years. I have found him to be an expert in all Real Estate matters. He is always there to answer any questions and help solve any problems that may come up. John is an employee's manager." March 13, 2009 Robert Gutowski , Sales Associate , Gloria Nilson GMAC Real Estate "John is the best manager that I have encountered throughout my career as a Realtor and if you are looking to change offices at any time, this is the PLACE to work." March 13, 2009 Jan Rutkowski , Realtor, CRS, ABR, GRI , Gloria Nilson GMAC Real Estate "John is always helpful. He works very hard to keep us all focused and positive about the real estate market. He keeps us updated on things that are innovative and will help in the market place. He has created an office which is a pleasure to work in. Ken" March 12, 2009 Ken Scasserra , Realtor Sales Associate , Gloria Nilson GMAC Real Estate "I've worked with John for the last 6 years. As a manager he is always there for his agents however we may need his assistance. His knowledge of the market is always up to date and accurate and he has a natural talent when it comes to dealing with people. He maintains a high level of integrity and fairness when dealing with any situation. He's created an environment of teamwork and "family" amongst all of us which, in turn has created a very productive office. If you're new to real estate or just looking for a change, I would highly recommend John to help guide you through the transition." February 25, 2009 Gina Piazza, ABR , Realtor/Sales Associate , Gloria Nilson GMAC Real Estate "John is a very caring manager who is always concerned about his sales associates well being. He is detail oriented, and has a great grasp on what is going on in the real estate industry itself. I would recommend him to any one looking to get into Real Estate or who are already in the business looking for a change." May 12, 2008 Charles Auer , Sales Associate , Gloria Nilson GMAC Real Estate
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