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Friday, September 14, 2012

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

 TotalTotal List/Total SoldAvg ListAvg SoldAvg DOMAvg CDOMMedian 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

Unable to display chart Unable to display chart
--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.

Tuesday, March 13, 2012

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 In January, 240 listings expired or were withdrawn.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.

 

Sunday, February 5, 2012

Stockton Expanding into Manahawkin

Stafford Twp Homes for Sale Karl HessRichard 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.

Wednesday, January 4, 2012

Placing a Bet at the Diner

Horse RacingA 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.

Saturday, December 31, 2011

Ocean County New Years Eve 2011

New Year’s Eve 2011 is here! It’s time to celebrate the New Year in style! Some people head to Time Square for New Years, but we all know that the best New Years Eve parties are right here at The Jersey Shore. This New Year’s Eve, say farewell to 2011 and hello to 2012 at one of Ocean County’s great New Year’s Eve parties. This is your ultimate guide of the best New Year’s Eve celebrations in Ocean County, New Jersey:

Northeast Ocean County

Martell’s Tiki Bar in Point Pleasant Beach (Tickets: $25 in advance. $30 at the door if available)

The Mike Dalton Band performs LIVE. Martell’s will have a some good food. Plus party favors, champagne and DJ Rob playing your favorite tunes.

Jenks Club in Point Pleasant Beach (Tickets: $50)

This New Years Eve party features DJ Unique and The Benjamins performing. There’s an open bar from 8PM-10PM, a buffet, and Jenks Club is open till 5AM.

Jack Baker’s Lobster Shanty in Point Pleasant Beach (Tickets: $120)

This year, Jack Baker’s has an open bar ALL NIGHT. Come to listen to Brian Kirk & The Jirks and have a fun time.

Club Maggies in Lakewood (NO COVER CHARGE)

Club Maggies will have a New Years Eve dance contest with $1000 in cash and prizes. Plus FREE champagne toast and party favors.

River Rock in Brick (Tickets: $30)

River Rock’s DJs will be playing your favorite songs all New Years Eve. There’s an Open Bar from 8PM-10PM, a Buffet that lasts after midnight and pastries will be served at 3AM.

Idle Hour in Point Pleasant (Tickets: $20)

Undispusted will be playing at Idle Hour on New Years Eve. Plus a FREE buffet, great drink specials and more!

709's beautiful scenery will host a New Year's Eve Party in 2011

709 in Point Pleasant Beach (Tickets: $110)

709’s DJs will having you dancing the night away! Plus, there’s good food, champagne and a 3-hour open bar.

Northwest Ocean County

Stadium After Dark in Jackson (Tickets: $35 a person, $50 a couple)

This New Year’s Eve party takes place fro 9PM-4AM. That’s right! DJ Steel will be spinning records till 4AM. Plus, there’s an open bar from 11PM-2AM and a buffet beginning at midnight.

Three B’s Bar and Bistro in Lakehurst (Tickets: $58.99 plus tip)

They’ve got a 3 Hour Open Bar till midnight. Plus LIVE entertainment and their famous signature dishes. Yummy!

Toms River Area

Spicy’s in Seaside Heights (Tickets: $30 in advance. $35 at the door)

In one section, Bullzeye will be performing rock and country music. In another section, there’s a dance party. Plus, an open bar from 8PM-11PM and a Breakfast Buffet at 4AM.

Crab’s Claw Inn in Lavallette (NO COVER CHARGE)

Trax Band will be performing tonight with champagne at midnight. And Crab’s Claw has you covered on New Year’s Day with a brunch from 10AM-4PM.

Sawmill in Seaside Park (Tickets: $25)

2 DJs + 4 Hour Open Bar = a Fun time! Plus, they’re open till 2AM!

High Velocity in Beachwood (NO COVER CHARGE)

Instant Karma will be playing LIVE tonight. Plus great drinks!

The Cove in Bayville (Tickets: $32-$40)

DJ Vibe will be spinning records upstairs and Frogmore Stew rocks the house downstairs. And a four course dinner!

Beachcomber will try to top their New Year's Eve Party from last year.

Beachcomber in Seaside Heights (Tickets: $35)

Temporary Grace will be the entertainment at Beachcomber on New Years Eve 2011. Plus, an open bar from 8PM till Midnight and great food available.

Atlantic BallRoom in The Holiday Inn in Toms River (Tickets: $95-$135)

From 8PM-1AM there will be an open bar, great food, a DJ spinning great songs, party favors and more.

Southern Ocean County

Captain’s Inn in Forked River (NO COVER CHARGE)

In the lounge, Mike Kelly performs. On the dance floor, White Rabbit plays. Add great food and drinks and you got a great New Years Eve.

Longshots in Waretown (Tickets: $45 in advance. $50 at the door)

Longshots will have an open bar from 9PM to midnight. There’s a DJ, and a karaoke contest that includes great prizes such as an iPad 2, flat screen TVs and more.

Nardi’s in LBI ($70 in advance. $80 at the door)

Richie & The All Stars will be the entertainment tonight. Plus FREE pizza and drinks from 9PM-1AM.

The Gables in LBI (Tickets: $89 for the 5:30 dinner. $125 for the 8:30 dinner)

Not only a great menu, but the Gables will also have dancing and a midnight toast this New Years Eve.

Joe Pops in LBI (Tickets: $90 in advance. $100 at the door)

Joe Pops has not just 1, but 2 bands! Shots & Goggles and The Rock Lobsters will be playing tonight. Plus a DJ. And an open bar from 9PM-1AM. Remember to dress to impress. And the bar will be open as long as the party goes.

Ocean County Homes for Sale Karl Hess

 

 

Wednesday, December 28, 2011

Local Boy Scout Camp Purchased by State

The Joseph A. Citta Boy Scout Reservation Camp was purchased for $1 million from the Jersey Shore Boy Scouts Council through the Department of Environmental Protection's Green Acres program. Officials want to keep the park in a natural state to reduce the effects of stormwater pollution into the bay. The Boys Scouts will continue to be able to use the land in an agreement with the state.

Nestled in the pristine New Jersey Pine Barrens and just minutes from The Jersey Shore, the Joseph A. Citta Scout Reservation is the perfect place for outdoor adventures. From simple tent camping to rifle shooting to kayaking on the Barnegat Bay, CSR offers a wide variety of programs to fit every need. CSR also offers premier summer camping programs including: Boy Scout Resident Troop Camp, Boy Scout Resident Individual Camping, Venturing Resident Camp, Webelos Adventure Camp, Cub Scout Day Camp and Cub Scout Family Camp.

Citta Mapciita camp

 

 

 

 

 

 

 

 

 

Ocean County Homes for Sale Karl Hess

 

Saturday, December 24, 2011

What is My Ocean County Home Worth?

What is the fair market value of my Ocean County Home?

Whether your are in Point Pleasant, Brick Twp, Toms River, Lacey Twp, Barnegat, Manahawkin or anywhere in between, we all have questions of what our Ocean County Home is worth or what is the fair market value of my Ocean County Home?

These are two very common questions when people are considering selling a home. Talk to any real estate agent, and the first thing they'll tell you about calculating home value is that location is a big factor, but not the only factor. After the big real estate crash many people are asking themselves, "What is the fair market value of my home?"

Most of us understand there are more factors involved in calculating home value than just granite countertops and stainless steel appliances. We also know that there are online sources like www.HomeValuesInOceanCounty.com that can assist with determining Ocean County house values by address. HomeValuesInOceanCountyNJ.com is one of the best ways to calculate the market value of your house because it doesn't just use algorithms and general housing data.

HouseValuesInOceancounty.com and Karl Hess provides local real estate expertise that can determine the real fair market value of your home. It's okay if you are just checking out the value of your home and aren't actually ready to sell your house. Asking me for help in calculating your home value is very common in today's economy. Many people are wondering, "Could we sell our home if we had to or wanted to?"

Whether you are trying to calculate the value of your home because you are thinking of selling or just out of curiosity, here are five factors to consider.

Five Factors that Help Determine the Market Value of Your Home  

Home Location

Location is the key influence for calculating the value of your home. Besides the proximity of the home to a major metropolitan area or a breathtaking view, these are a few more location factors that can increase home value:

  • Proximity to schools, parks and points of interest

Homes within reasonable walkability to schools or parks will strongly influence buyers with small children. However, homes that boarder school or park property lines may suffer in home value due to unwanted traffic, parking limitations and the likelihood of youth mischief.

  • Neighborhood with increasing desirability

Where is new growth heading in town? Will there be any new business areas, grocery stores, or libraries in the future?

  • Proximity to infrastructure

Is the house surrounded by other houses? Apartment complexes? Other buildings? The best possible situation for your home is to be situated between two other houses and located along a road without yellow traffic lines.

Homebuyer Demographics

After you buy a house, the market value of your home is affected by who else is likely to purchase the property. If the property is a perfect starter home for pre-family newlyweds, and the main homebuyers in town are senior-citizens, the fair market value of your home might be lower than you think.

Older buyers typically look for one story homes without stairs, whereas families with small children often desire homes with a front yard away from a busy street and multiple bathtubs.

Home Storage Space

The more closets, garages and laundry rooms a house has, the higher the fair market value of your home. Most homebuyers look for a walk-in closet in the master bedroom, as well as closets in high traffic areas like front entryways, bathrooms and other bedrooms.

The two-door garage is the most common size for most homes, yet three-car garages are becoming more and more common.

As for the laundry room, the washer and dryer units should be located together in a common access space without creating an eyesore.

Kitchen

The kitchen is the most active area of a home. Typically, the following features add value to the kitchen:

  • Granite countertops
  • Stainless steel appliances
  • Gas stovetops
  • Convection ovens and microwaves
  • Ice machines
  • Cable television access ports

Also, the proximity of the kitchen to the dining room and family room will impact the usability of the house and thus is a factor in calculating the value of your home.

Home Layout and Size

Homebuyers typically look for homes with three to five bedrooms with an average of one shower per every two bedrooms. Split bedroom plans with bedrooms on opposite sides of the house are a popular trend with modern homes. Also, many real estate professionals love to use the phrase ôlight and brightö to highlight homes with lots of natural lighting.

As for size, most residential neighborhoods will have a slight variation in square-footage and number of rooms, but they all should be within a standard deviation of one another. If resale value of your home is a big concern, it's in your best interest to not buy the largest home in the neighborhood. When calculating the market value of your home, real estate professionals measure the homes in the surrounding area against yours, and if most of the nearby properties are smaller than yours, it can act as an anchor to drag down your fair market value.

The median asking price for a home in Ocean County. NJ is $299,900. The median sold price is $274,000 which results in a sales price vs listing price ratio of 93%. These statistics can vary widely depending on your exact location; go to www.HomeValuesInOceanCountyNJ.com for a personalized home market report for your neighborhood.

Information provided by Karl Hess, Keller Williams Ocean County, Market Leader and Realty101.com