This document provides town-by-town real estate market data and analysis for various municipalities in central New Jersey. It includes information on current inventory levels, pending sales, absorption rates, new listings, and price reductions for different property types. The data shows inventory levels increasing while sales and absorption rates decrease from 2007 to 2009 across most towns covered in the report.
The Chapel Hill-Carrboro Chamber of Commerce hosted its Orange County Development Briefing, 8-10 a.m, Tuesday, Sept. 20, 2011 at the Friday Center for Continuing Education in Chapel Hill.
Commercial and residential real estate professionals, planners and economic developers presented the latest trends about the local markets, new economic development initiatives, and the status of approved projects in Orange County and its municipalities at the fifth annual event.
Speakers included Mark Zimmerman of RE/MAX Winning Edge; John Morris of Morris Commercial; and Gordon Merklein, UNC’s executive director of real estate development.
The event is presented by Time Warner Cable Business Class and sponsored Duke Energy, The UPS Store and the 2011 Chamber Master Sponsors.
The Chapel Hill-Carrboro Chamber of Commerce hosted its Orange County Development Briefing, 8-10 a.m, Tuesday, Sept. 20, 2011 at the Friday Center for Continuing Education in Chapel Hill.
Commercial and residential real estate professionals, planners and economic developers presented the latest trends about the local markets, new economic development initiatives, and the status of approved projects in Orange County and its municipalities at the fifth annual event.
Speakers included Mark Zimmerman of RE/MAX Winning Edge; John Morris of Morris Commercial; and Gordon Merklein, UNC’s executive director of real estate development.
The event is presented by Time Warner Cable Business Class and sponsored Duke Energy, The UPS Store and the 2011 Chamber Master Sponsors.
Presentation from the Weichert Princeton July 2009 Market Update. Offers analysis and insights into the real estate market trends in Princeton and the Greater Princeton NJ real estate markets.
The facts are in the data. Know the market and get information that you can't find anywhere else on the web.
Check out my market update and let me know how I can help you with your real estate needs.
The following stats on West Windsor, Lawrence, East Windsor, Ewing, Hopewell, Cranbury, Plainsboro, South Brunswick, Montgomery, Hamilton, Franklin, Princeton Township, Princeton Boro, Robbinsville, Hightstown, Penningtion, and Monroe are provided:
Active Listings
NJ Pending in Last 30 Days
Absorption Rate
New Listings
Net Gain (Loss) to Market
Listings Reduced in 30 Days
% of Inventory Reduced
Expired Listings
Withdrawn Listings
Closed Listings
Greater Princeton NJ Real Estate Market UpdateAnn Harwood
Data and information on the Greater Princeton NJ Real Estate Market as of September 21, 2010.
Information on FREE Weichert Realtors Seminar on the LOCAL Real Estate Market, Saturday, Sept. 25 at 11:00 a.m. 350 Nassau Street, Princeton, NJ
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Presentation from the Weichert Princeton July 2009 Market Update. Offers analysis and insights into the real estate market trends in Princeton and the Greater Princeton NJ real estate markets.
The facts are in the data. Know the market and get information that you can't find anywhere else on the web.
Check out my market update and let me know how I can help you with your real estate needs.
The following stats on West Windsor, Lawrence, East Windsor, Ewing, Hopewell, Cranbury, Plainsboro, South Brunswick, Montgomery, Hamilton, Franklin, Princeton Township, Princeton Boro, Robbinsville, Hightstown, Penningtion, and Monroe are provided:
Active Listings
NJ Pending in Last 30 Days
Absorption Rate
New Listings
Net Gain (Loss) to Market
Listings Reduced in 30 Days
% of Inventory Reduced
Expired Listings
Withdrawn Listings
Closed Listings
Greater Princeton NJ Real Estate Market UpdateAnn Harwood
Data and information on the Greater Princeton NJ Real Estate Market as of September 21, 2010.
Information on FREE Weichert Realtors Seminar on the LOCAL Real Estate Market, Saturday, Sept. 25 at 11:00 a.m. 350 Nassau Street, Princeton, NJ
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
1. • Weichert, Princeton Market
Update
• Prepared exclusively for the
Weichert Princeton Associates
every week.
• Town by town data available at
www.slideshare.net
2. Agenda
• Understanding the Market Change
• What is happening in the market
• Comparison of 2007 v 2009: Market
Activity
• Current Market Data
• Price Trend Analysis
• A Plan to Move Forward
5. Listings from the MLS in Weichert Market Areas
Increase % 2008 from 2007
NY/CT (Ashby) +.09%
Passaic/Hudson/Bergen NJ (Bixon) -2.54%
Western Central NJ/Lehigh Valley PA (McDonald) -3.12%
Northern and Central NJ (Prevete) -1.10%
Eastern Central/Shore Points NJ (Waters) -3.85%
Southern NJ (Williams) +.78%
In our local area (CT/NY/NJ. Lehigh Valley, PA), the number of homes for sale (Weichert
and non-Weichert listings) has steadily increased over the past four years.
8. 6/30/09
Towns Active Pending Absorption New Net Gain Listings % of Expired W/drawn Closed
Listings in Last Rate in Listings in (Loss) to Reduced Invent. Listings Listings Listings
30 Days Months 30 Days Market in 30 Reduced
Days
Princeton Boro:
All Styles 48 11 4.3 7 (4) 8 16% 5 1 10
Pton -Boro
Condo/ Thouses 12 2 6 3 1 2 16% 1 1 1
Pton-Boro
Single Family 36 9 4 4 (5) 6 16% 4 0 9
Pton Twp: All
Styles 151 21 7.19 36 15 25 17% 5 9 14
Pton Twp:
Condo/ Thouses 23 3 7.6 4 1 4 17% 0 1 5
Pton Twp:
Single Family 128 18 7.1 32 14 21 16% 5 8 9
9. Town by Town Analysis 6/30/09
Towns Active Pending Absorption New Net Listings % of Expired W/drawn Closed
Listings in Last Rate in Listings in Gain Reduced Invent. Listings Listings Listings
30 Days Months 30 Days (Loss) to in 30 Days Reduced
Market
West
Windsor:
123 45 2.7 30 (15) 47 38 6 5 36
All Styles
West
Windsor
23 15 1.5 9 (6) 11 47 0 2 12
Condo/
T.Houses
West
Windsor
6 0 99 - - - - - -
55+
West
Windsor
94 30 3.1 21 (9) 36 38 6 3 24
Single
Family
Lawrence:
All Styles
182 38 4.7 38 0 59 32 17 2 20
Lawrence:
Condo/
85 17 5 24 7 24 28 6 2 14
THouses
Lawrence:
55+
12 0 99 - - - - - - -
Lawrence:
Single
85 21 4 14 (7) 35 41 11 0 6
10. Town by Town Analysis 6/30/09
Towns Active Pending Absorption New Net Gain Listings % of Expired W/drawn Closed
Listings in Last Rate in Listings in (Loss) to Reduced Invent. Listings Listings Listings
30 Days Months 30 Days Market in 30 Days Reduced
Ewing:
All Styles
230 31 7.4 61 30 60 26 22 5 23
Ewing :
Condo/
44 9 4.8 9 0 15 34 2 2 5
T.Houses
Ewing:
55+
1 0 99 0 0 0 0 0 0 0
Ewing:
Single
185 22 8.4 52 30 45 24 20 3 18
Family
East
Windsor:
202 31 6.5 50 19 49 24 19 5 30
All Styles
East
Windsor:
104 17 6.1 34 17 21 20 8 3 18
Condo/
THouses
East
Windsor:
19 0 99 0 0 0 0 0 0 0
55+
East
Windsor:
81 14 5.7 16 2 28 34 11 2 12
Single
Family
11. Town by Town Analysis 6/30/09
Towns Active Pending Absorption New Net Gain Listings % of Expired W/drawn Closed
Listings in Last Rate in Listings in (Loss) to Reduced Invent. Listings Listings Listings
30 Days Months 30 Days Market in 30 Reduced
Days
Hopewell Twp.
All Styles 174 21 8 28 7 49 28% 15 5 12
Hopewell Twp.
Condo/ T.Houses 24 7 3 10 3 7 29% 2 2 2
Hopewell Twp.:
55+ 4 0 99 - - - - - - -
Hopewell Twp:
Single Family 146 14 10 18 4 42 29% 13 3 10
Hamilton: All
Styles 591 112 5 136 24 153 26% 31 25 55
Hamilton:
Condo/ THouses 101 28 4 34 6 35 35% 11 5 10
Hamilton:
Single Family 449 79 6 102 23 118 26% 20 20 45
Hamilton: 55+
41 5 8 - - - - - - -
-
12. Town by Town Analysis 6/30/09
Towns Active Pending Absorption New Net Gain Listings % of Expired W/drawn Closed
Listings in Last Rate in Listings in (Loss) to Reduced Invent. Listings Listings Listings
30 Days Months 30 Days Market in 30 Reduced
Days
=
Robbinsville
All Styles 119 19 6 29 10 27 23% 10 3 16
Robbinsville
Condo/ 57 10 5.7 19 9 16 28% 4 3 8
T.Houses
Robbinsville
55+ - - - - - - - - - -
Single
62 9 7 10 1 11 18% 6 0 8
Hightstown
Boro: All Styles 55 6 9 14 8 13 24% 2 2 2
Pennington
Boro: 29 1 29 8 7 6 23% 0 1 1
All Styles
Hopewell Boro:
All Styles 14 4 3.5 1 (3) 3 21% 0 0 3
13. Market Activity: Town by Town Analysis 6/30/09
Towns Active Pending Absorption New Net Listings % of Expired W/drawn Closed
Listings in Last Rate in Listings in Gain Reduced Invent. Listings Listings Listings
30 Days Months 30 Days (Loss) in 30 Reduced
to Days
Market
Plainsboro
All Styles
91 16 5.6 34 18 20 21% 11 0 29
Plainsboro
Condo/
54 3 18 24 21 13 24% 4 0 17
THouses
Plainsboro
55+
10 2 5 2 0 4 4% 0 0 0
Plainsboro
Single
27 11 2,4 8 (4) 3 11% 7 0 12
Family
Cranbury:
All Styles
24 2 12 4 2 3 8% 0 0 1
Cranbury:
55+
4 1 4 0 (1) 0 0 0 0 0
Cranbury:
Single
20 1 20 4 3 3 15% 0 0 1
Family
14. Market Activity: Town by Town Analysis 6/24/09
Towns Active Pending Absorption New Net Gain Listings % of Expired W/draw Closed
Listings in Last Rate in Listings in (Loss) to Reduced Invent. Listings n Listings
30 Days Months 30 Days Market in 30 Reduced Listings
Days
South
Brunswick 227 88 3 51 (37) 79 34% 16 16 29
All Styles
South
BrunswickCon 71 29 7 19 (20) 15 21% 5 9 12
do/ T.Houses
South
Brunswick 34 5 7 3 (2) 2 5% 0 0 0
55+
South
Brunswick 122 54 2 29 (25) 16 13% 11 7 17
Single Family
Monroe:
All Styles 509 89 6 96 7 144 28% 27 12 3
Monroe:
55+ 345 46 7 45 (1) 113 33% 16 4 2
Monroe:
Single Family 164 43 4 31 8 31 18% 11 8 1
15. Town by Town Analysis 6/30/09
Towns Active Pending Absorption New Net Gain Listings % of Expired W/drawn Closed
Listings in Last Rate in Listings in (Loss) to Reduced Invent. Listings Listings Listings
30 Days Months 30 Days Market in 30 Reduced
Days
Montgom.
160 35 4.5 47 12 38 24% 9 9 22
Hillsboro
260 40 6.5 83 43 57 22% 14 10 36
Rocky Hill
413 1 13 0 (1) 1 7.6% 0 0 1
Franklin
16. Princeton Boro. Active YTD Listings v Pending Analysis
80
70
60 Princeton Boro Active
Listings
50
Princeton Boro Pendings
40
30 Princeton Boro Price
20 Reductions
10
0
26. Hamilton Active YTD Listings v Pending Analysis
700
600
500
Hamilton Actives
400
Hamilton Pendings
300
Hamilton Reductions
200
100
0
27. Myth: If I reduce my price, buyers
will wait for another reductions.
Reality: There is a direct relationship
between price improvements and
contracts.
29. Relationship of Price Reductions to
‘Pending Sales’
120
100
80
West Windsor Pendings
60
West Windsor Reductions
40
20
0
Source: trend mls
30. Relationship of Price Reductions to
‘Pending Sales’
100
90
80
70
60
Lawrence Pendings
50
40
Lawrence Reductions
30
20
10
0
Source: trend mls
31. Understand the Market You are
Selling Out of or Buying In to…
Anytown., NJ
107 current active listings 24.3
= months
4 reported sales in last 30 days absorption
rate
5-6 Months Market Absorption Rate indicates a normal market.
32. Market Absorption Rate
Comparable Properties
Princeton Twp.
$4+ bedroom
13 current active listings 99 month
=absorption
0 reported ‘pending’ sales in last 30 days rate
5-6 Months Market Absorption Rate indicates a normal market.
33. Market Absorption Rate
Comparable Properties
Princeton Twp.
$4+ bedroom colonials
11 current active listings 99 months
=absorption
0 reported ‘pending’ sales in last 30 days rate
5-6 Months Market Absorption Rate indicates a normal market.
34. Market Absorption Rate
Specific Comps
4+ bedroom
Jefferson, Moore, Walnut, Harris only
7 current active listings 3.5 months
=absorption
2 reported ‘pending’ sales in last 30 days rate
5-6 Months Market Absorption Rate indicates a normal market.
35. Market Absorption Rate
Specific Comps
Lawrence, NJ
$450-550
Colonials Only
12 current active listings 12 months
=absorption
1 reported ‘pending’ sales in last 30 days rate
5-6 Months Market Absorption Rate indicates a normal market.
36. Market Scale for Supply & Demand
High Supply/Low Demand Low Supply/High Demand
Normal
1
Market Absorption in Months
2 Weichert has been
studying market
3
conditions for more than
4 3 decades and has found a
direct correlation between
5
Normal
market absorption and
6 property values.
7 As absorption rates
increase beyond a normal
8 market level of 5-6
9 months, property values
depreciate annually.
10
11
12
37.
38. Let’s look at your competition
• Properties currently in competition with yours
for buyer attention
• Properties that have caught buyer attention in
the last 30 days.
• At this rate, how many months will it take for
the current buyer demand to absorb the current
listing supply in this sector of the market?
39. Progress in Marketing Your Home
• Broker open house
• Public open houses
• Agent showings Bottom line . . .
• Internet activity Our experience is that an
• Agent feedback average of 30 showings on a
property, usually brings an
• Buyer feedback
offer.
41. A Plan for Moving Forward
• The market is telling us, by the absence of offers,
to generate fresh interest by repositioning your
home
• This will bring a whole new group of buyers
• Your home will stand out among all other
properties
• Competitively priced homes are selling
42. Price to hit the market not chase it
500000
490000
Your Listing
480000
Your Listing
470000
460000
450000
Market
440000
430000
Market
420000
Market
410000
400000
1 mos 2 mos 3 mos 4 mos 5 mos 6 mos 7 mos
43. Current Market Price
Based on the available data and the increasing inventory combined with falling
prices, I would recommend a price of $###,### for your home.