About Colts Neck's The Grande

What a wacky month March was. Our hearts go out those affected by the Japanese tsunami. The Dow Jones Industrial Average finished March as the strongest Q1 since 1999. We saw Spring come and Winter leave, but not without a fight. As we sit here in the midst of April showers, waiting for our lawns to turn green and our hydrangeas to begin blooming, let's take a look back at the month of March in terms of Monmouth County real estate, and The Grande at Colts Neck more specifically. We'll start broad and drill our way down.

252 homes sold in all of Monmouth County during March, up from 212 the previous month. An additional 491 homes were listed for sale in March. This is typical as the Spring Market for 2011 is underway and those home-sellers looking to take advantage of the increased buyer demand during these months have decided now is the time. Going one layer deeper let's look atthe town of Colts Neck. 4 homes were sold in Colts Neck during the month of March. An additional 13 homes came on the market, leaving the months of inventory left to sell in Colts Neck at 25. That is not much of a change from February. First-hand I can tell you that Spring Market buyers are out there. March open houses saw definite increases in traffic. Consumers have begun loosening their spending habits as signs of the economy's recovery seem to be all over the news.

These are the stats for Monmouth County as a whole for the past 12 months. Take note of the line graph below and the increase in sales activity that occurred at the beginning of 2011 and has continued. Click to enlarge.

So, now on to The Grande at Colts Neck. March was a quiet month. It began with 2 homes on the market and we added 1 more: 2 Exeter Pass. Just yesterday, although it counts for April, 14 Blacksmith Pass also came on the market. Below is a look a the current inventory as of today. No homes sold or were put under contract in March.

18 ARMISTEAD KY, COLTS NECK, NJ - $504,500
14 BLACKSMITH PASS, COLTS NECK, NJ - $535,000
2 EXETER PASS, COLTS NECK, NJ - $539,900
12 NICHOLSON KEY, COLTS NECK, NJ - $539,900

Click here to see all homes for sale in The Grande at Colts Neck

Sales in The Grande are largely driven by relocations. We are a cul-de-sac community with 3 and 4 bedroom homes laden with families and lots of kids. As a REALTOR I often highlight The Grande as a great community for working professionals with a family, who are relocating to Monmouth County. Job growth is being experienced nationwide and unemployment rate has reduced modestly. I would not be surprised to see at least 1 of the homes currently listed in The Grande go under contract during the month of April and 1 more before the end of May.

Thank you for staying up-to-date with us and we hope you found this useful. Check back here every month for new update on real estate in The Grande at Colts neck. In the meantime, if you or anyone you know is in the market to buy or sell a home in Monmouth County and more specifically The Grande, please check out www.ATCproperties.com or give us a call at 201-315-9157. Thank you have a great March.

- D.J. Ten Hoeve

Living in Colts Neck, NJ carries with it a certain amount of panache. During the most recent real estate boom market (2004-2007) the average home in Colts Neck sold for just under $1 million. During the most recent market regression that average home price has fallen to just over $800k marking quite a bargain for some New Jersey families.

Located in Monmouth County, NJ with easy access to Rt. 18, the Garden State Parkway, and Route 9, Colts Neck offers larger lots with more open land than most of the eastern Monmouth high-end towns like Rumson, Shrewsbury, Fair Haven, and Little Silver. Typically considered "horse country" Colts Neck has a quiet subtle presence that feels more like Kentucky than New Jersey. It's also home to one of Donald Trump's nine U.S. golf courses, Trump National Colts Neck.

For a long time most middle-class New Jersey families were priced out of the Colts Neck market. That was until 1994 when The Grande at Colts Neck was constructed. A housing development of 276 single family homes situated on 1/3 acre lots, The Grande gives you the 07722 address, the great Colts Neck public school system, numerous Monmouth County parks like Dorbrook Park for right around the $500k price tag. The Grande also has public water and sewer unlike any other part of Colts Neck, which is all septic and well. With a community pool, playground, and basketball court, snow and trash removal, the Grande is hard to overlook if you are single, have a young family, or are retired and looking to downsize. No matter how you look at it, the Grande is pure value.

Year to date in 2010, 6 homes have sold in The Grande leaving only two homes on the market at the writing of this post. Come take a drive through the neighborhood and see what all the talk is about. While you're here grab a pie from the famous Delicious Orchards. Since I live in Colts Neck, I'd be happy to give you the real tour.

-DJ

Actually the single family sub-division that borders Colts Neck and Freehold Township on Route 537 is called "The Grande."

It's taken me three years about blogging about Colts Neck real estate for sale to consider some folks unfamiliar with the association are typing "the grand" into their search engine.

So don't drop the "E."

The Grand or the Grande, let's talk Colts Neck NJ homes for sale. What's for sale in the Grande?

ACTIVE MLS LISTINGS THE GRANDE, COLTS NECK NJ

• Three bedroom Alexandra model for $459,000 on Kensington Pass.
• Three bedroom Alexandra for $515,000 on Exeter Pass.
• Four bedroom Claremont model for $589,000 on Ireton Key.
• Four bedroom Darby model for $569,000 on Queens Pass.
• Three bedroom Alexandra for $565,000 on Armistead Key.

Property taxes in the Grande (or the Grand) range from $6,800 for a three bedroom single family, detached Colts Neck home to $7,900 for a four bedroom model. This blog will explain the differences between the Grande models: Alexandra, Claremont, Darby.

CLOSED SALES THE GRANDE, COLTS NECK NJ

Sales data for the last six months:

• 1/7/2010 #4 Nicholson Key closed for $450,000. This three bedroom, three bath Calremont model offered a finished basement and expanded deck. Listed and marketed by Weichert Realtors of Holmdel.
  
• 12/15/2009 #4 Oxford Key closed for $495,000. This four bedroom, four bath Alexandra model offered two fireplaces, hardwood floors and many extras. Listed and marketed by Weichert Realtors of Holmdel.
• 12/9/2009 #10 Kensington Pass closed for $520,000. This four bedroom, three bath Darby model offered stainless steel appliances, marble floors and countertops.
  

Click HERE to preview all the Colts Neck NJ Homes for Sale listed in the Monmouth County MLS.

Interested in buying or selling a Colts Neck home in the Grand? Or the Grande? Call Andrew today at (732) 580-0822 or E-MAIL ANDREW.

  Andrew J. Lenza, ABR GRI MBA  Broker Associate
Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733
Office (732) 946-9400 and Mobile (732) 580-0822 

 (c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

• Members, Monmouth & Ocean County MLS and Middlesex County MLS

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Presenting another Internet update about The Grande Development in Colts Neck, New Jersey 07722 and homes for sale in The Grande.

Grande Real Estate Market Report - 2009 CLOSED SALES

In 2009 nine (9) homes for sale in The Grande of Colts Neck closed. 

• Three bedroom, 2 ½ bath Darby model sold for $425,000.
• Three bedroom and 2 1/2 bath Alexandra model sold for $450,000. 
• Three bedroom and two full, two half bath Alexandra model sold for $465,000.
• Three bedroom and 2 ½ bath Claremont model sold for $490,000.
• Four bedroom and 2 ½ bath Alexandra model sold for $498,500.
• Four bedroom and two full and two half bath Alexandra model sold for $495,000.
• Three bedroom  and 3 1.2 bath Claremont model sold for $500,000.
• Four bedroom and 2 1/2 bath Darby model sold for $513,000.
• Four bedroom and 2 1/2 bath Darby model sold for $520,000.

To recap, the average sale price of a three bedroom model for homes for sale in The Grande of Colts Neck was $466,000 in 2009. Price for a four bedroom?  Average sale was $507,000. 

Why buy a home for sale in The Grande of Colts Neck?

The Grande represents a superb value for the single person, retiree, couple or growing family. Located off Route 537 West and Hunt Road, the Grande development of Colts Neck enjoys close proximity to township schools, parks and Colts Neck luxury homes.  The Grande is a 276 unit development featuring detached single family homes on approximately 1/3rd of an acre.  

There are condominiums in The Grande but most of these are rented as affordable housing under the COAH (Council on Affordable Housing) requirement.  Occasionally, one comes up for sale.

I believe value-for-value The Grande homes for sale represent an excellent entree point into the Colts Neck real estate market.  Click HERE to read an in-depth analysis of why I think Colts Neck buyers should strongly consider the Grande for their next new home. 

Colts Neck Township Education Information

Colts Neck Township education consists of three highly rated schools.  The Great Schools website ranks Colts Neck Kindergarten through 8th grade education as an eight out of a score of ten. Here are the individual Great School "report cards" for the following:

1. The Conover Primary School
2. The Conover Elementary School and
3. Cedar Drive Middle School. 

• CLICK HERE to preview Homes For Sale in The Grande of Colts Neck!
• CLICK HERE to preview Weichert Holmdel's office inventory of Colts Neck New Jersey real estate for sale!
  
• CLICK HERE to search the entire MLS for Colts Neck homes for sale!

Home Owner Association (HOA) Information for The Grande of Colts Neck

• A few folks have called and emailed me about the Home Owners' Association (HOA) in The Grande.
• The development is managed by the Signature Property Group located at 140 Sylvan Avenue, Englewood Cliffs NJ 07632.  The business telephone is (201) 947-1001
• Even though the housing in The Grande is single family detached homes there is a monthly maintenance fee of $141. Upon initial purchase of a home in The Grande, the buyer also pays a two months' Working Capital charge of $282.00 and a membership fee of $100.

Public Water and Public Sewer

• The Grande is the only development in Colts Neck that does not rely on a well for water and a septic tank.
• Yet another attractive quality of The Grande to our New York and Staten Island buyers who are not familiar with the maintenance cost of either a well or septic tank system.
• The Grande receives its water and sewer utilities from Freehold Township. The service contact for both is S&B Water & Sewer Company and you can call the utility at (877) 431-3999 from 9AM to 2PM.

Sales Pitch -- Call Andrew Today!

Considering a purchase or a sale in The Grande? We love working with buyers and sellers of Colts Neck real estate. You can call Andrew at (732) 946-9400 or E-MAIL ANDREW

  Andrew J. Lenza, ABR GRI MBA  Broker Associate
Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733
Office (732) 946-9400 and Mobile (732) 580-0822 

 (c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

• Members, Monmouth & Ocean County MLS and Middlesex County MLS