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Keeping Current Matters

Wednesday, July 4, 2012

July 2012 Real Estate Update Newsletter

July 2012 Real Estate Update Newsletter


Getting an Offer

Have you ever wondered what it takes to get more showings and to finally seal the deal? If your home has been lingering on the market for months, you might be asking yourself just that question.

This question is more than just idle curiosity. When and how quickly you sell your home can mean the difference between buying the dream home before it's scooped up and carrying two mortgages.

There is an old adage used in real estate that says, "location, location, location." While location is important for certain reasons (close to schools, crime levels, neighborhood appearance), there is something far more important when it comes to making a deal. The new adage should be "price, price, price."

You can sell any home if it's priced to sell. Pricing right is about more than just pricing along with the competition. Sometimes it means listing at a lower price to make your home more attractive. Of course no one is willing to let someone just walk away with their home, but in a strong buyers market like we have today, you must be realistic about what price will truly entice a buyer.

Experts say that if you overprice a home at the start, you're making a big mistake. Buyers look for new listings. They'll pass right over your home if it doesn't compare to the competition. They could also see your price reduction later on as a sign that you are willing to go even lower on your price.

This is not to say you shouldn't do a price reduction. If you already have your home on the market then you should consider if a price reduction will bring in buyers. An overpriced home will never sell in today's market. There are simply too many other good deals out there.

This means you need to price your home at the bottom end of what is a realistic price for your market and for you.

Aside from price, there are also a few other issues that you, the seller, need to consider.

First, you should be willing to accommodate buyers with showings. This means if they want to come during an evening or weekend you should be flexible! Your prospective buyers may have difficult schedules, but today's market means you have to work with a buyer, making showings easy and convenient for them.

Next, stage your home. Before you have a single showing you must be sure to take the proper steps in staging. A messy, dirty, or cluttered home will turn off many buyers. They will see your home for its problems instead of its potential.

Finally, have a financial game plan ahead of time. This means knowing what sort of offers you are willing to accept and not. Buyers don't like to sit around for days awaiting your response. What is your true bottom line?

Selling your home in a strong buyers market is full of its challenges to be sure, but getting an offer and closing the deal in today's market is possible. Just be sure to price your home correctly!


Written by Carla Hill

Below is entire July Newsletter

http://realtytimes.com/164/NancyAlexander


Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Sunday, July 1, 2012

Stone Harbor Sales Activity Update July 1, 2012

Stone Harbor Sales Activity Update July 1, 2012


Each month, I provide the latest Stone Harbor Real Estate market sales statistics based on data from the Cape May County MLS. These Monthly Market Reports are intended to share sales information to help you can make an informed decision about the Stone Harbor Real Estate Market before you buy or sell a home in the Stone Harbor area.


If you would like similar statistics for a specific area, property type or price range, please send me an email Nancy@NancyMAlexander.com and tell me how I can help. I can provide Real Estate Market specifics for nearby communities regions around Avalon and Stone Harbor.


 .

Let's compare to last year. In Entire year of 2011 there were 58 single family homes  Sold in Stone Harbor
107 single family homes were Sold in Avalon


Since the first of this year, 29 single family homes have been SOLD in Stone Harbor with an average list price of $2,110,755, and average SOLD price of $1,794,948.

67 single family homes have been SOLD in Avalon with an average list price of $1,726,535 and an average SOLD price of $1,604,715. Average days on market = 198

And in Stone Harbor, another 15 single family homes are now Under Contract as of July 1, 2012
In Avalon another 16 single family homes are now under Contract.



Single Family Homes Now For Sale in Stone Harbor as of July 1, 2012

There are now 117 single family homes for sale in Stone Harbor as of July1, 2012
http://capemay.paragonrels.com/publink/default.aspx?GUID=e0eff9aa-0da2-4dca-b331-b0c591644208&Report=Yes


Low list price: $ 289,000

High list price: $ 6,950,000

Average list price: $ 2,114,681

Average days on Market: 296



There are now 15 Single Family Stone Harbor Homes Now Under Contract
http://capemay.paragonrels.com/publink/default.aspx?GUID=75d1829d-9fa2-414c-b0af-7fa41ee67966&Report=Yes



Low list price: $ 650,000
High list price: $ 6,200,000
Average list price: $ 2,023,933

Average days on Market: 313 days

Ten single family homes SOLD in Stone Harbor since May 15, 2012.
http://capemay.paragonrels.com/publink/default.aspx?GUID=7a008ffc-94b2-4c01-85d7-591a43d09293&Report=Yes



Average List price was $1,244,400

Average SOLD price was $1,059,800

Average days on market = 135 days

Stone Harbor Condo/Townhouse now For Sale, Under Contract and SOLD since May 15, 2012

There are now 71 Condo/townhouse properties for sale in Stone Harbor ranging in price from $214,900 to $1,125,000
http://capemay.paragonrels.com/publink/default.aspx?GUID=46552684-22a6-4cff-ab1f-c7b27252d302&Report=Yes


Average Days on Market =308

There are now 9 Condo/townhouses in Stone Harbor Now Under Contract
http://capemay.paragonrels.com/publink/default.aspx?GUID=273d9c16-46e5-4a6b-84b3-d0e39fba1838&Report=Yes

Average list price = $819,222
Average days on market =149

Four Condos in Stone Harbor SOLD since May 15 to July 1 ,2012
http://capemay.paragonrels.com/publink/default.aspx?GUID=059f80a5-53e8-4527-82b1-d977200c2343&Report=Yes



Average list price = $571,500
Average Sold Price =$533,750
Average days on market = 260


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. Have a question about a Stone Harbor or Avalon homes or want to talk about selling yours?

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. I return calls and e-mails within hours, usually in just minutes!


Please Join my Facebook Page:
https://facebook.com/NancyMAlexanderRealEstate 





Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate

Avalon Real Estate Sales Activity July 1, 2012 Market Update

Avalon Real Estate Sales Activity July 1, 2012


Each month, I provide the latest Avalon Real Estate market sales statistics based on data from the Cape May County MLS. These Monthly Market Reports are intended to share sales information to help you can make an informed decision about the Avalon Real Estate Market before you buy or sell a home in Avalon
If you would like similar statistics for a specific area, property type or price range, please send me an email at Nancy@NancyMAlexander.com and tell me how I can help. I can provide real estate market specifics for nearby communities regions around Avalon and Stone Harbor.


Single Family Homes Now For Sale in Avalon as of July 1, 2012


There are 160 single family homes now for sale in Avalon ranging in price from $479,900 to a Whopping $12,500,000!
http://capemay.paragonrels.com/publink/default.aspx?GUID=e8106b35-86e4-4c5a-9818-a321879b0b11&Report=Yes


16 Single Family Homes in Avalon are Now Under Contract. These homes range in price from $775,000 to $3,400,000.
http://capemay.paragonrels.com/publink/default.aspx?GUID=647edfd9-800f-4b52-8cff-e56bd415d7ec&Report=Yes

21 Single Family Homes in Avalon have SOLD and gone to settlement since May15, 2012 . These SOLD homes range in price from $780,000 to  $4,000,000
http://capemay.paragonrels.com/publink/default.aspx?GUID=4d7faca4-e6c3-457d-9e34-8145f86dc5ce&Report=Yes

Average List Price Of Single Family property:$1,871,804
Average SOLD Price Of Single Family property: $1,761,761
Average Days on Market: 168 days


There are 87 Condo/townhouses currently for sale in Avalon ranging in price from $154,000 to $1,499,000
http://capemay.paragonrels.com/publink/default.aspx?GUID=a0749121-8d01-4c42-9a71-2d5a01d7ef82&Report=Yes


13 Condo/townhouses in Avalon Now Under Contract ranging in price from $425,000 to $1,525,000
http://capemay.paragonrels.com/publink/default.aspx?GUID=745d6202-41dd-4c84-be9d-5e1291bf803b&Report=Yes

11 Condo/townhouses in Avalon closed since May 15, 2012
http://capemay.paragonrels.com/publink/default.aspx?GUID=65cced8d-378b-4574-b461-036f6face2ef&Report=Yes



Average List Price Of Avalon Condo : $702,899
Average SOLD Price Of Avalon Condo : $676,560
Average Days on Market: 301 days

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. Have a question about a Stone Harbor or Avalon homes or want to talk about selling yours?


Join my Facebook Page:https://facebook.com/NancyMAlexanderRealEstate 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. I return calls and e-mails within hours, usually in just minutes!







Nancy M. Alexander Stone Harbor and Avalon NJ Real Estate