Stafford Twp Housing Market August 2012

There are curently 341 homes for sale in Stafford Twp. 22 homes sold in August with the median sold price of $234,500.

 

Statistics Summaries Report Category - SingleFamily,Condominiums,Land/Lots,Multi-family,AdultCommunity Statistics for Entire MLS from 8/1/2012 - 8/31/2012 Counties:Ocean Area:STAFFORD   Total Total List/Total Sold Avg List Avg Sold Avg DOM Avg CDOM Median Price %SP/LP MARKET SNAPSHOT AS OF TODAY Currently Pending 67 $18,848,400/ N/A $281,319 N/A 141 144 $249,000 N/A Currently Active 341 $105,261,838/ N/A $308,685 N/A 191 192 $284,900 N/A ON MARKET (8/1/2012 - 8/31/2012) New (8/1/2012 - 8/31/2012) 54 $15,461,895/ N/A $286,331 N/A 28 28 $254,900 N/A Pending (8/1/2012 - 8/31/2012) 29 $8,426,900/ N/A $290,582 N/A 137 137 $260,000 N/A OFF MARKET (8/1/2012 - 8/31/2012) Sold 22 $5,475,300/$5,071,800 $248,877 $230,536 90 95 $234,500 93% CWH 0 $0/ N/A $0 N/A 0 0 $0 N/A UC 2 $518,925/ N/A $259,462 N/A 235 235 $259,900 N/A Expired 21 $7,176,855/ N/A $341,755 N/A 186 186 $299,900 N/A

--Information deemed reliable but not guaranteed-- Copyright: 2012 by the Monmouth Area MLS. Prepared by Karl Hess of Keller Williams Realty Monmouth/Ocean on Friday, September 14, 2012 5:33 PM.

Ocean County Real Estate Trends

This Month in Real Estate is a monthly video news series, provided by Keller Williams Realty, that offers an inside look at the national real estate market. Each edition provides a snapshot of the numbers and trends that drive the real estate market, as well as expert opinion and analysis. For information on your local real estate conditions, in your neighborhood, please contact Karl Hess or go to www.homevaluesinoceancountynj.com.

 

As of today, there are 4089 single family homes for sale in Ocean County. The median list price for those homes is $324,900. The average days on market is 151 days.

There were 849 new listings for homes in Ocean County for the month of February with a median asking price of $325,000. 199 homes sold in Ocean County in January with a median sold price of $243,000 which results in a sales price vs listing price ratio of 93%. The average days on market for sold homes is 128. In January, 240 listings expired or were withdrawn.

In comparison to February 2011: There were 848 new home listing with a median asking price of 314,500. 208 homes were sold and the median sold price was $263,500 and the average days on market for sold homes was 134 days. In February 2011, 365 listings expired or were withdrawn.

Bottom line for home sales in Ocean County for February 2011 in comparison to February 2012:

• New listings remained about equal
• Average listing price dropped by $11,500.
• Average sales price dropped by almost $20,000.
• Average days on market decreased by 6 days.
• Many more listings over 100, expired in February 2011 than in February 2012.

Ocean County Homes Sold Terms/Market Statistics for Feb 2012:

--Information deemed reliable but not guaranteed-- Prepared by Karl Hess of Keller Williams Realty Monmouth/Ocean on Tuesday, March 13, 2012.

 

Stockton Expanding into Manahawkin

Richard Stockton College is extending into Stafford Township.

College officials confirmed Friday that they have a letter of intent and are finalizing a lease with Manahawkin Plaza Associates for classroom space at 712 East Bay Ave. in the Manahawkin section of the Stafford Township.

Plans call for a 10-year lease starting with 3,400 square feet of space with an option to add an additional 5,000 square feet.

The college has offered some individual courses in Ocean County in the past and that the site will give the college a more permanent location. Plans call for offering eight to 10 courses in each of the undergraduate disciplines, plus graduate courses in education.

A large number of Stockton students come from Ocean County and that this is an opportunity to be more convenient for them. He said some faculty also live in Ocean County and have agreed to teach at the new site.

The Richard Stockton College of New Jersey, located in Galloway Township, New Jersey, an hour from Philadelphia and 20 minutes from Atlantic City, is an undergraduate and graduate college of the arts, sciences and professional studies of the New Jersey system of higher education. The College was named for Richard Stockton, one of the New Jersey signers of the Declaration of Independence.

Stockton's academic programs and faculty have been recognized by such nationally recognized organizations as the Carnegie Foundation for the Advancement of Teaching and Learning, the National Science Foundation, the American Association of State Colleges and Universities, the John Simon Guggenheim Memorial Foundation, the Pulitzer Prize committee, the United States Air Force Academy, and The New York Times.

Placing a Bet at the Diner

A New Jersey Senate panel will vet a bill that would create horse racing betting sites in the state's northern counties, and part of Ocean County, where electronic wagering terminals can be placed at a limited number of bars and restaurants.

The measure would essentially create mini off-track wagering sites, according to the Courier-Post of Cherry Hill, N.J.

The measure limits the program to Bergen, Hudson, Essex, Passaic, Union, Morris, Somerset, Hunterdon, Warren, Sussex, and northern Middlesex and Ocean counties.

Host municipalities would collect a local impact fee of 1 percent from each betting machine's gross revenues. Other funds would go to horse racing purses and be used to prevent underage gambling, according to the Courier-Post.

Current legislation calls for 15 full-scale OTW (off-track wagering sites), but after more than 10 years since the law was enacted the only sites developed are in Woodbridge, Toms River and Vineland.