Showing posts with label sold. Show all posts
Showing posts with label sold. Show all posts

Tuesday, September 11, 2018

4 Reasons Why Fall Is A Great Time to Buy A Home!

4 Reasons Why Fall Is A Great Time to Buy A Home! | MyKCM
Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next year.
Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have already increased by half of a percentage point, to around 4.5% in 2018. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by half a percentage point to around 5.1% by this time next year.
An increase in rates will impact your monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

There are some renters who have not yet purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home which you can then tap into later in life. As a renter, you guarantee your landlord is the person building that equity.
Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.


Are you thinking about buying? heres the fall home buying guide

Are you thinking of selling? Here's the fall home selling guide.

2nd Quarter closed sales for New Jersey

Sunday, February 01, 2015

07760 January Market Stats

Rumson Single Family Statistics for January 2015
F-14M-14A-14M-14J-14J-14A-14S-14O-14N-14D-14J-15Number of Listings02,6005,2007,80010,40013,000Active ListingsNew ListingsSold Listings
F-14M-14A-14M-14J-14J-14A-14S-14O-14N-14D-14J-15Listings Prices$230K$250K$270K$290K$310K$330KActive Median List PriceNew Median List PriceSold Median Sale Price
F-14M-14A-14M-14J-14J-14A-14S-14O-14N-14D-14J-15Absorption Rate, in Months5 Mo.6 Mo.7 Mo.8 Mo.9 Mo.10 Mo.Absorption Rate
F-14M-14A-14M-14J-14J-14A-14S-14O-14N-14D-14J-15Sold to List Ratio90%91%92%93%94%95%Sale to Original List Price Ratio
F-14M-14A-14M-14J-14J-14A-14S-14O-14N-14D-14J-15Days on Market6068768492100Average DOM
F-14M-14A-14M-14J-14J-14A-14S-14O-14N-14D-14J-15Price Volume$0$1,200M$2,400M$3,600M$4,800M$6,000MActive List VolumeNew List VolumeSold Sale Volume

Summary Statistics
Jan-15Jan-14% Chg2015 YTD2014 YTD% Chg
Absorption Rate6.796.83-0.596.796.83-0.59
Average List Price$475,107$461,3662.98$460,108$453,3001.50
Median List Price$319,000$299,9906.34$311,556$299,9003.89
Average Sale Price$333,574$336,849-0.97$333,574$336,849-0.97
Median Sale Price$270,000$250,0008.00$270,000$250,0008.00
Average DOM87870.0087870.00
Median DOM64598.4764598.47

Sold Listings
This MonthYear to Date
20152014% Chg20152014% Chg
0-29,999171241.7171241.7
30,000-39,999714-50.0714-50.0
40,000-49,9991013-23.11013-23.1
50,000-59,999913-30.8913-30.8
60,000-69,999151225.0151225.0
70,000-79,999714-50.0714-50.0
80,000-89,9991019-47.41019-47.4
90,000-99,9991114-21.41114-21.4
100,000-119,9992344-47.72344-47.7
120,000-139,9993555-36.43555-36.4
140,000-159,9993143-27.93143-27.9
160,000-179,9992658-55.22658-55.2
180,000-199,9993038-21.13038-21.1
200,000-249,99999123-19.599123-19.5
250,000-299,99994108-13.094108-13.0
300,000-399,999141142-0.7141142-0.7
400,000-499,9997482-9.87482-9.8
500,000+104147-29.3104147-29.3
Totals743951-21.9743951-21.9

Pending Listings
This MonthYear to Date
20152014% Chg20152014% Chg
0-29,9991315-13.31315-13.3
30,000-39,9999812.59812.5
40,000-49,99979-22.279-22.2
50,000-59,99912771.412771.4
60,000-69,99913862.513862.5
70,000-79,999151315.4151315.4
80,000-89,999221283.3221283.3
90,000-99,99915147.115147.1
100,000-119,999523740.5523740.5
120,000-139,99957561.857561.8
140,000-159,999584918.4584918.4
160,000-179,999594531.1594531.1
180,000-199,999694746.8694746.8
200,000-249,99915211136.915211136.9
250,000-299,9991249136.31249136.3
300,000-399,99920515631.420515631.4
400,000-499,99997106-8.597106-8.5
500,000+16813920.916813920.9
Totals114792324.3114792324.3

Active Listings
This MonthYear to Date
20152014% Chg20152014% Chg
0-29,9996383-24.183112-25.9
30,000-39,99958547.472702.9
40,000-49,9995367-20.96577-15.6
50,000-59,9995266-21.26278-20.5
60,000-69,9994977-36.46891-25.3
70,000-79,9997089-21.392108-14.8
80,000-89,99992114-19.3114135-15.6
90,000-99,99987107-18.7115130-11.5
100,000-119,9992202095.32822646.8
120,000-139,9993313242.2413417-1.0
140,000-159,999312356-12.4401439-8.7
160,000-179,999373399-6.5460482-4.6
180,000-199,999391450-13.1504525-4.0
200,000-249,9999821028-4.512341236-0.2
250,000-299,99910831113-2.7137513313.3
300,000-399,999158815442.8195818804.1
400,000-499,9998998901.0110610911.4
500,000+217520675.2258624724.6
Totals88789037-1.810990109380.5

New Listings
This MonthYear to Date
20152014% Chg20152014% Chg
0-29,9992431-22.62431-22.6
30,000-39,9991819-5.31819-5.3
40,000-49,999171241.7171241.7
50,000-59,9991117-35.31117-35.3
60,000-69,999221546.7221546.7
70,000-79,999291681.3291681.3
80,000-89,9992330-23.32330-23.3
90,000-99,999302330.4302330.4
100,000-119,999885463.0885463.0
120,000-139,9991061006.01061006.0
140,000-159,999948411.9948411.9
160,000-179,9991108923.61108923.6
180,000-199,9991279928.31279928.3
200,000-249,99929926811.629926811.6
250,000-299,99933824836.333824836.3
300,000-399,99949637930.949637930.9
400,000-499,999271273-0.7271273-0.7
500,000+56450910.856450910.8
Totals2667226617.72667226617.7

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