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Wednesday, September 15, 2010

All We Said Was…10,000 Houses Will Sell Today


Don't Pay Attention To The Scary Headlines Coming!


by THE KCM CREW on SEPTEMBER 15, 2010
There are going to be some tough headlines written about the housing market over the next several months. They may create apprehension and in some cases outright fear. The good news is these headlines will not reflect what is actually taking place in real estate. Some in the industry say we should just ignore this media blitz of problematic stories. That would be similar to trying to ignore a growling creature lurking in the shadows in the corner of the room. Instead, we want to shine a bright light into that corner to honestly evaluate how dangerous the creature actually is.



PROBABLE HEADLINE: Sales Plummeting. Housing Market Crashing


THE FACTS: The National Association of Realtors’ Pending Sales Report is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed.


The pending sales reports covering September, October and November will be UGLY. The reason is that the houses going into contract in those months this year will be compared to the same months last year. In 2009, sales were skyrocketing as we headed toward the original termination of the Homebuyers’ Tax Credit on November 30. It will appear as though this year’s sales fell off a cliff in comparison. The headlines will be brutal.


Actually, the tax credit just pulled sales forward. Last fall and winter, pending sales dropped dramatically after November 30. Over the next six months, approximately the same number of homes will go into contract as did last year during this period. They will just be spread more evenly over the six months.


The National Association of Realtors’ Existing Home Sales Report is based on home closings. The extended tax credit expired on April 30 this year. Like last year, the tax credit pulled demand forward, this time from the summer months. That left a vacuum of homes going into contract during this past summer. That vacuum will create a lack of closed sales throughout the next few months.


Actual sales will be approximately the same as last year. However, because the tax credit moved sales into different time periods, both the pending sales reports and the existing sales reports will appear very weak over the next few months.


The Bottom Line
The headlines will be reporting ‘doom & gloom’. In reality, the market will be no worse than last year. There will be no reason to fear the creature in the corner. It will be a figment of a misinformed media’s imagination.



Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Sunday, September 12, 2010

Stone Harbor Sales of Single Family homes Data August 23 to September 12, 2010.

Here is an Update of Stone Harbor Real Estate Activity August 23 to September 12 , 2010 by Nancy Alexander



Stone Harbor Sales of Single Family homes Data August 23 to September 12, 2010.



There are now 129 single family homes for sale in Stone Harbor as of 9/12/2010.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=7bc2b687-56f1-4bd6-9d16-421b31ceed26&Report=Yes



Stone Harbor Single Family Homes UNDER CONTRACT. Thirteen Homes went Under Contract in the period of August 23to September 12, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=264b4700-3a46-48fe-b1dc-d338c00cd629&Report=Yes



Three Single Family Homes Have Sold and Settled in Stone Harbor since August 23, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=942c19aa-a239-4c49-841b-5962a2f98976&Report=Yes



Stone Harbor Condo/Townhouse.There are now 81 condos on the market in Stone Harbor .Average days on market =246

http://CapeMay.fnismls.com/publink/default.aspx?GUID=9fb8b0e3-ef3f-4310-aa32-2c32c22e12b8&Report=Yes



Just Two condos are now Under Contract in Stone Harbor.

http://CapeMay.fnismls.com/publink/default.aspx?GUID=8517d229-28ef-49d5-ae88-122cdae59834&Report=Yes



Buying or Selling a home in Stone Harbor or Avalon, or if you need a Summer Rental, it would be my pleasure to help you with your Real Estate needs.
You can reach me by e~mail me at Nancy@NancyMAlexander.com or Call me! I love to talk Real Estate! Call my cell 609.425.7521


Please visit The Address For Luxury Real Estate at http://www.nancymalexander.com/// . I'd love to be your Realtor!

Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Activity Update August 23 to September 12, 2010

Here is an update of Avalon Real Estate activity since August 23, 2010



Avalon Single Family Sales. There are 239 single family homes now on the market in Avalon.(as of September 12, 2010) These homes range in price from $525,000 to a whopping $16,875,000!

http://CapeMay.fnismls.com/publink/default.aspx?GUID=35486f51-8951-4e5a-b530-2cddf4789a0e&Report=Yes



Avalon has 20 Single Family Homes Under Contract as of September 12 ,2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=cea0ca46-8f10-49b6-8ed4-c1971c1f89c0&Report=Yes



Seven single family homes SOLD in Avalon during the period August 23rd to September 12, 2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=f9428aa2-a16e-4f79-8a73-4f67e2b0e956&Report=Yes



Avalon Has 115 Condo/Townhomes Now For Sale

http://CapeMay.fnismls.com/publink/default.aspx?GUID=101aabe0-f64f-427c-a992-12e1a47cc294&Report=Yes





Avalon has 13 Condos Under Contract as of 8/23/2010

http://CapeMay.fnismls.com/publink/default.aspx?GUID=b82215f7-a2b7-462c-aa7e-32e75f177c00&Report=Yes



Buying or Selling a home in Stone Harbor or Avalon, or if you need a Summer Rental, it would be my pleasure to help you with your Real Estate needs.
You can reach me by e~mail me at Nancy@NancyMAlexander.com or Call me! I love to talk Real Estate! Call my cell 609.425.7521
Please visit The Address For Luxury Real Estate at http://www.nancymalexander.com/// . I'd love to be your Realtor
Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate