Sales Statistics for Monmouth County Year over Year

The following stats have been provided by Realist in the Monmouth County MLS system through the 1/3/2011.

Single Family Residences/ No. of Sales/ Median Sale Price:

Nov 2010/ 363 units/ $345,000

Nov 2009/ 576 units/ $341,000

Oct 2010/ 457 units/ $370,000

Oct 2009/ 528 units/ $365,000

2010 YTD/ 5324 units/ $370,000

2009/ 5577 units/ $358,000

For a list of available homes in your area, or a complimentary Comparataive Market Analysis to see what the value of your home is, please call Anna @732 371-3233 or Leanne @917-596-2772.

SHORT SALE BRIEFING

Short Sale, a far too common term in the housing market of today, often opens the door to many questions and apprehensions for both buyers and sellers alike.

A "short sale" is the potential sale of a property wherein the mortgage balance on the property is greater than the current market value of the premises. When this occurs, either the realtor or the seller's attorney negotiates with the bank to settle the debt for less than what is owed.

Although obtaining approval for a short sale can be a lengthy & complicated process, usually in the long run all parties involved in the transaction will benefit. A seller benefits because a "foreclosure" is not reported to the credit bureau. A homeowner is often concerned as to how this will affect his/her credit score. According to information provided by credit reporting agencies the impact on the credit score is substantially less than that of a foreclosure, as most of the impact is caused by the late/missed mortgage payments, not necessarily the reporting of the debt being settled for less than what was owed. A buyer benefits because these properties are usually sold below market value, as that is the incentive to hold on an d wait for the bank to approve the sale. The bank benefits because they don't incur all of the expenses of taking a property all the way to Sheriff's sale only to resell the property for the same value.

It is important that you work with a Realtor that is experienced with the ins and outs of the short sale process, as this will increase your chances for a successful result. We have experience in the process. If you are looking to purchase a short sale property in Monmouth or Middlesex County, or if you have a home that seems as though it may need to be sold "short", let us help you handle the details. Call Leanne @ 917-596-2772 or Anna @732 371 3233 at Robert Defalco Realty to discuss your situation.

Article courtesy of Valerie Vargas and Robert Defalco Realty Website

Fall in Monmouth County

With fall just around the corner....

We are beginning to feel the nip in the air, leaves are starting to show their vibrant colors, and the children have settled themselves back into another school year.

Now that we have packed away the beach chairs and bathing suits let's get excited about fall!

Autumn brings the vibrant colors, sports activities on the weekends, football--of course, and preparation time for the holidays which are just around the corner!

Fall Special Events in Monmouth County:
Make time for the family & try 1 of the following local activities:

1) Buy fall pies and special goodies at Delicious Orchards in Colts Neck or Dearborn Farms in Holmdel

2) Pumpkin Picking & Apple Picking--a kid's favorite--at Eastmont Orchards in Colts Neck or Casola Farms in Holmdel or Colts Neck.

3) Spooktacular Haunted hayrides at Casola farms in Colts Neck and Holmdel

4) Outdoor activities and lots of room for a picknics at the Monmouth County Parks throughout Monmouth County.

5) Theatre productions at Two Rivers Theatre and Count Basie Theatres. Both located in the heart of Red Bank. Schedules available on line at their websites @ http://www.countbasie.ticketsnow.com/
or http://www.trtc.org/index_home.html.

6) Sept 25,2010 Pumpkinfest & Craft Show in Tinton Falls. 10am-2pm at the Hope Presbyterian Church located at 1189 Hope Road in Tinton Falls. They are offering various creative & seasonal crafts & more. For additional information please call 732-571-3378.
Also, on the same date visit the beautiful Deep Cut Gardens in Middletown for their fall plant swap. Event is from 10am-2pm & you can bring your perennials & houseplants in 1 quart, 1 gallon or 2 gallon containers to swap. Visit @ http://www.monmouthcountyparks.com/ for additional info.

7) Sept. 26, 2010 Annual Harvest Home festival at Historic Longstreet Farm in Holmdel Park. This is an old fashioned fair that is running from 11am to 5pm. It is reminiscent of fall celebrations of centuries past. Activities include wagon rides, games, live entertainment, craft demonstrations, and home & garden competitions. Again, visit http://www.monmouthcountyparks.com/ for more information.

And last, remember that Daylight Savings Time ends on November 7th. Fall back your clocks 1 hour.

If you are thinking about moving into the Monmouth/Ocean County or Middlesex County areas, remember to call the team that gets you results! Let us make your move an enjoyable experience. Call Leanne @ 917-596-2772 or Anna @ 732-371 -3233 to get the process started today!

YOUR REAL ESTATE TEAM FOR SUCCESS!

If you are looking for a professional real estate agent with knowledge, integrity and personalized service, call the team that will get you results! We are full time professional agents who pride ourselves in providing unsurpassed service to our customers. We specialize in the Monmouth County, Middlesex County and Ocean County areas and provide services in the Residential, Multi Family, Commercial, Luxury Home, New Construction, as well as, the Agricultural Farm Real Estate Markets.

In this ever changing market place, you need a professional that will keep you abreast of marketplace challenges and updates. We can provide you with the latest housing market trends and financing trends and options. Our team can assist you in purchasing or selling your real estate, as well as, assist you in securing financing through our in house mortgage company. We have experts in all areas to make your real estate transition as smooth and seemless as possible.

Remember, call Leanne @917-596-2772 or Anna @ 732-371-3233 to get your Real Estate Goals Accomplished!