This document summarizes a real estate market update and forecast seminar presented by Joshua Wilton of Weichert Realtors Princeton. The seminar agenda included a history of the local real estate market, a 2012 market forecast, and strategies for buying and selling. Key points from the market history included an increase in home listings from 2010 to 2009 across several NJ/PA counties and historically low interest rates in 2011-2012. The forecast predicted continued low supply and high demand driving the market.
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
# of homes sold, active listings on the market in Cranbury, East Windsor, Ewing, Hamilton, Hopewell, Monroe, Plainsboro, South Brunswick, Princeton, West Windsor
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
# of homes sold, active listings on the market in Cranbury, East Windsor, Ewing, Hamilton, Hopewell, Monroe, Plainsboro, South Brunswick, Princeton, West Windsor
The average selling price for April 2013 transactions was $526,335
–
up by two per cent
in comparison to April 2012. The MLS® HPI Composite Benchmark Price was up by 2.9
per cent
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Withdrawn Listings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
Even with the record low temperatures last month, we still saw an increase in the number of people purchasing homes in the GTA. This speaks to the importance households place on home ownership and the fact that buyers continue to view ownership housing as a quality long-term investment in which they can live.
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:
Created to give clarity as to the overall market trends, show how 'local' real estate really is and to give strategies for buyers and sellers to make good decisions in a tough market.
The average selling price for April 2013 transactions was $526,335
–
up by two per cent
in comparison to April 2012. The MLS® HPI Composite Benchmark Price was up by 2.9
per cent
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
Even with the record low temperatures last month, we still saw an increase in the number of people purchasing homes in the GTA. This speaks to the importance households place on home ownership and the fact that buyers continue to view ownership housing as a quality long-term investment in which they can live.
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:
Created to give clarity as to the overall market trends, show how 'local' real estate really is and to give strategies for buyers and sellers to make good decisions in a tough market.
Want the most detailed analysis of the Princeton Real Estate Market available? Want to know the trends in Princeton's different neighborhoods? Take a look at Weichert, Princeton's exclusive report on the Princeton, NJ market.
Want the most up to date data on the Princeton, NJ real estate market? Look through this comprehensive report that offers insights into the single family and condo markets in Princeton. We now break neighborhood trends down as well as the luxury vs starter home markets.
Did you miss the residential tax appeal workshop? Here are slides prepared and presented by Jeff Gradone, Esq. The presentation walks you through the process of the residential tax appeal in New Jersey.
Weichert, Princeton January Market Recap & ForecastWeichert Realtors
Want your Phd in Princeton area real estate? Have a look at some of the most detailed data on the Mercer, Middlesex and Somerset County real estate markets. Whether you are buying or selling this will give you insight into both.
Do you or anyone you know have an interest in the Princeton Real Estate Market? Is your primary language Mandarin? This exclusive report offers insights in the Princeton, West Windsor, Hopewell, Lawrenceville Real Estate markets among others. Offers details on price trends, school reports, pace of sales and more.
Want to know the trends of the South Brunswick, NJ real estate market? Are single family prices outpacing condos? Have a look at the most up to date market report for the South Brunswick market.
Want to see how home prices are faring in Lawrenceville, NJ? Are condos outperforming single families? Take a look at my exclusive Lawrence Real Estate Market Update and call me for any questions.
Want to see the latest home price trends in the Princeton & Mercer County real estate markets? Here is the latest research from the Weichert, Princeton office. Covers pricing, trends as well and buying and selling strategies.
Want to know why homes are flying off the market in Princeton, NJ and the surrounding towns? Take a look at this grid. The inventory of available homes is down in every major market.
Princeton Real Estate Market Presentation March 2017Weichert Realtors
Here is the slide deck from the Weichert, Princeton office Real Estate Market Update. Shows the Princeton area real estate trends and buyer and seller strategies for the 2017 market.
Review how the Princeton real estate market fared in 2016. Did prices go up or down? Houses sell faster? Review the report for the most to date information on the Princeton housing market.
Weichert Princeton March 2016 Market Update SeminarWeichert Realtors
A review and preview of the Princeton, NJ area real estate market trends. Offers insights into price trends, affordability and strategies to buy and sell.
Executive Summary of the 2015 Princeton Real Estate MarketWeichert Realtors
A detailed look at the price trends in the Princeton, NJ real estate market. This report offers a view of both single family and condo/townhouse price trends in Princeton.
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Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
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Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
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Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
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Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
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.
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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.
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.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
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
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
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Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
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December 2011 Market Seminar
1. Weichert, Princeton Office January 2011 Market Update/ Forecast Seminar Offers analysis of the Princeton & Greater Princeton, NJ real estate markets & effective strategies to buy and sell.
6. 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. Variance % 2010 to 2009 NY (Ashby) +13.11% CT (Doepper) +118.53% Passaic/Hudson/Bergen NJ (Bixon) + 5.86% Western Central NJ/Lehigh Valley PA (McDonald) +6.78% Northern and Central NJ (Prevete) +9 .24% Eastern Central/Shore Points NJ (Waters) +10.63% Southern NJ (Williams) +10.87%
7. Affordability Index Source: NAR Housing Affordability Index 1971 to 2010 Definition: A measure of the financial ability of US Families to buy a house. 100 means that families earning the national median income have just the amount of money needed to qualify for a mortgage on a median priced home. Higher than100 means they have more than enough. Lower than 100 means they have less than enough.
19. NJ Housing Permits Source: Census RESIDENTIAL BUILDING PERMITS AUTHORIZED 2000-2008 COUNTY 2000 2001 2002 2003 2004 2005 2006 2007 2008 Total Atlantic County 1,625 1,685 2,020 2,285 2,075 2,002 1,893 1,136 794 15,515 Bergen County 2,847 1,784 1,771 1,289 2,142 2,972 2,164 2,957 1,311 19,237 Burlington County 2,775 2,184 2,359 1,805 1,516 1,475 2,784 1,037 976 16,911 Camden County 796 757 1,160 1,934 1,413 1,706 1,183 1,191 895 11,035 Cape May County 1,242 1,403 1,422 1,693 2,149 2,433 1,580 1,081 485 13,488 Cumberland County 255 256 310 374 566 630 737 683 336 4,147 Essex County 1,491 1,548 1,588 2,235 2,343 3,128 3,284 1,854 1,314 18,785 Gloucester County 1,337 1,635 1,802 1,859 2,050 2,075 1,141 920 788 13,607 Hudson County 1,338 1,116 1,534 2,116 3,808 4,498 4,275 3,081 3,229 24,995 Hunterdon County 616 685 602 814 648 506 350 316 206 4,743 Mercer County 1,283 1,355 1,428 1,188 1,641 1,296 847 700 625 10,363 Middlesex County 2,460 1,884 1,999 2,306 2,622 3,206 2,567 1,597 1,020 19,661 Monmouth County 2,912 2,194 2,372 2,756 2,628 2,584 2,820 2,060 1,526 21,852 Morris County 2,684 1,577 1,914 1,555 1,427 2,503 1,670 1,052 795 15,177 Ocean County 5,633 3,830 3,534 4,009 3,818 2,904 2,114 2,160 1,527 29,529 Passaic County 457 631 689 829 763 647 850 760 432 6,058 Salem County 161 180 170 307 334 297 298 148 198 2,093 Somerset County 2,282 1,439 1,530 1,260 1,362 1,220 1,058 926 791 11,868 Sussex County 719 808 679 587 612 668 603 360 302 5,338 Union County 776 551 681 1,198 1,399 1,278 1,593 1,123 673 9,272 Warren County 896 765 877 585 620 560 512 258 146 5,219 New Jersey 34,585 28,267 30,441 32,984 35,936 38,588 34,323 25,400 18,369 278,893
20. Long Term Supply … Source: NAR, November 2008 Forecast Richardson Commercial
21. Long Term Demand … Source: NAR, November 2008 Forecast http://lwd.dol.state.nj.us/labor/lpa/pub/factbook/merfct.pdf
22. Long Term Demand … Source: NAR, November 2008 Forecast http://lwd.dol.state.nj.us/labor/lpa/pub/factbook/merfct.pdf
23. Long Term Demand … Source: NAR, November 2008 Forecast http://lwd.dol.state.nj.us/labor/lpa/pub/factbook/merfct.pdf
24. Long Term Demand … Source: NAR, November 2008 Forecast http://lwd.dol.state.nj.us/labor/lpa/pub/factbook/merfct.pdf
25. Long Term Demand in Mercer County … Source: NAR, November 2008 Forecast Source: https://edis.commerce.state.nc.us/docs/countyProfile/NJ/34021.pdf (Mercer County) Population & Growth Population Annual Growth Rate 2013 Total Population 383,677 0.6% 2008 Total Population 371,963 0.7% 2000 Total Population 350,761
27. 1. Real Estate is Local Top Five Rules for Understanding the Real Estate Market: 2. Real Estate is Local 3. Real Estate is Local 4. Real Estate is Local 5. Real Estate is Local
31. 1. You Understand the Local Market That You are Buying into or Selling out of… -Inventory - Location - Sales Patterns - Neighborhood, Location - Style of Home, Beds, Baths, etc
32. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.
33. Absorption Rate by Price Range Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values. As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually .
34. Sample Market Absorption Rate 107 current active listings 4 reported sales in last 30 days = 24.3 months absorption rate Anytown., NJ 5-6 Months Market Absorption Rate indicates a normal market.
35. Market Scale for Supply & Demand High Supply/Low Demand Low Supply/High Demand Normal Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values. As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually. Note: This Market Scale is valid only for absorption rates between 1 and 12 months. Market Absorption in Months 1 2 3 4 5 6 7 8 9 10 11 12 Normal
37. 12/6/11 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Li1stings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings West Windsor: All Styles 91 12 7.6 20 8 15 16.5% 9 7 13 West Windsor Condo/ T.Houses 19 6 3.2 4 -2 2 10.5% 0 0 2 West Windsor 55+ 12 0 99 1 1 -- -- 0 0 3 West Windsor Single Family 60 6 10 15 9 13 21.7% 9 7 8 Lawrence: All Styles 175 5 35 16 11 29 16.8% 15 9 13 Lawrence: Condo/ THouses 59 3 19.7 8 5 11 18.6% 6 2 2 Lawrence: 55+ 13 1 13 1 0 -- -- 1 3 0 Lawrence: Single Family 103 1 103 7 6 18 17.8% 8 4 11
38. 12/6/11 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Ewing: All Styles 256 20 12.8 34 14 55 21% 19 9 16 Ewing : Condo/ T.Houses 27 8 3.5 6 -2 12 44% 2 3 3 Ewing 55+: 10 0 999 0 0 --- --- 0 0 1 Ewing: Single Family 219 12 18.3 28 16 43 20% 17 6 12 East Windsor: All Styles 216 12 18 32 20 39 18% 22 6 14 East Windsor: Condo/ Thouses 127 5 25.4 22 17 27 21% 15 4 6 East Windsor: 55+ 14 1 14 2 1 --- --- 1 0 1 East Windsor: Single Family 75 6 12.5 8 2 12 16% 6 2 7
39. 12/6/11 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Hopewell Twp. All Styles 142 8 18 15 7 21 15% 10 10 12 Hopewell Twp. Condo/ T.Houses 12 1 12 2 1 3 25% 1 2 2 Hopewell Twp.: 55+ 6 0 99 0 0 -- -- 0 0 0 Hopewell Twp Single Family 124 7 18 13 6 18 14.5% 9 8 10 Hamilton: All Styles 585 30 19.5 76 46 99 17% 38 20 47 Hamilton: Condo/ THouses 95 1 95 13 12 20 21% 6 4 11 Hamilton: 55+ 40 1 40 8 7 -- -- 4 2 6 Hamilton: Single Family 450 28 16 55 27 79 17.5% 28 14 30
40. 12/6/11 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Robbinsville All Styles 123 14 9 12 (2) 23 19% 9 2 21 Robbinsville Condo/ T.Houses 50 9 5.5 9 0 12 24% 4 1 12 Single Family 73 5 15 3 (2) 11 15% 5 1 9 Hightstown Boro: All Styles 57 5 11 8 3 8 14% 12 2 3 Pennington 18 2 9 1 1 4 22% 1 2 0 Hopewell Boro 7 3 2 0 (3) 0 0 3 1 2
41. 12/6/11 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Princeton Boro: All Styles 39 3 13 4 -1 8 20.5% 2 3 9 Pton -Boro Condo/ Thouses 20 0 99 3 -3 3 15% 0 3 3 Pton-Boro Single Family 19 3 6.3 1 3 5 26.3% 2 0 6 Pton Twp: All Styles 122 4 30.5 10 6 13 9.9% 11 7 16 Pton Twp: Condo/ Thouses 16 1 16 1 0 4 25% 5 0 4 Pton Twp: Single Family 106 3 35.3 9 6 9 8.5% 6 7 12
42. 12/6/11 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings South Brunswick All Styles 242 9 27 22 13 117 48 31 5 31 South BrunswickCondo/ T.Houses 72 2 36 8 6 43 60 10 1 10 South Brunswick 55+ 35 1 35 3 2 20 57 0 0 1 South Brunswick Single Family 125 6 21 11 5 54 43 21 4 20 Monroe: All Styles 482 27 18 75 48 174 36 75 5 46 Monroe: 55+ 303 19 16 54 35 109 36 41 2 41 Monroe: Single Family 179 8 22 21 13 65 36 34 3 5
43. 12/6/11 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Montgomery All Styles 106 24 4.4 15 -9 17 16% 17 9 15 Montgomery Condo/Twnhms 19 6 3.2 2 -4 3 16% 3 3 4 Single Family 87 18 4.8 13 -5 14 16% 14 6 11 Hillsborough All Styles 255 32 8 33 +1 31 12% 19 8 24 Hillsborough Condo/Twnhms 109 7 15.6 17 +10 16 15% 6 4 9 Hillsborough Single Family 151 25 6 16 -9 15 10% 13 4 15
44. Understand the Market That You are Buying/ Selling in… I want to live/ sell in West Windsor…..
45. Sample Market Absorption Rate 107 current active listings 4 reported sales in last 30 days = 24.3 months absorption rate Anytown., NJ 5-6 Months Market Absorption Rate indicates a normal market.
46. West Windsor Colonials By Price 5-6 months absorption rate indicates a normal market. Price Actives Pendings Ab. Rate $300-$500 17 3 5.6 500-$650 12 3 4 $650-$799 14 4 3.5 $800-$999 6 0 99 $1 million + 2 1 2
47. Princeton Twp. Single Fam. by Price Alone 5-6 months absorption rate indicates a normal market. Price Actives Pendings Ab. Rate $400-$600 16 1 16 $600-$799 19 2 9.5 $1.0 – 1.35 14 2 7 $1.36-$1.65 16 0 99 $1.65-$2.0 10 0 99
49. ‘ I don’t want to buy a house and then watch it drop in value!’
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51. Purchase Price $329,000 Loan Amount $317400 Down Payment $11,515 Monthly P&I $1802 Appreciation/Depreciation Home Value 1st Year -3% $319,130 2nd Year 0% $319,130 3rd Year 1% $322,321 4th Year 3% $331,990 5th Year 5% $348,590 5 Year Appreciation/Depreciation $19,500 Tax Benefit Vs Paying Rent @ $1600/mo 1st Year $5,000 $19,200 2nd Year $5,000 $19,200 3rd Year $5,000 $19,200 4th Year $5,000 $19,200 5th Year $5,000 $19,200 5 Year Total $25,000 $96,000 Total Gain $44,200 Create Equity v Pay Rent
52. Purchase Price $329,000 Loan Amount $317400 Down Payment $11,515 Monthly P&I $1802 Appreciation/Depreciation Home Value 1st Year 5 $319,130 2nd Year 3% $319,130 3rd Year 2% $322,321 4th Year 2% $331,990 5th Year 2% $348,590 5 Year Appreciation/Depreciation $48,590 Tax Benefit Vs Paying Rent @ $1600/mo 1st Year $5,000 $19,200 2nd Year $5,000 $19,200 3rd Year $5,000 $19,200 4th Year $5,000 $19,200 5th Year $5,000 $19,200 5 Year Total $25,000 $96,000 Total Gain $73,529 Create Equity v Pay Rent
53. + The Amortization Schedule on a Loan Yearly Schedule of Balances and Payments Year Beginning Balance Payment Principal Interest Cumulative Principal Cumulative Interest Ending Balance 2010 $315,646.96 $21,625.92 $4,374.96 $17,250.96 $6,128.00 $24,508.72 $311,272.00 2011 $311,272.00 $21,625.92 $4,621.30 $17,004.62 $10,749.30 $41,513.34 $306,650.70 2012 $306,650.70 $21,625.92 $4,881.98 $16,743.94 $15,631.28 $58,257.28 $301,768.72 2013 $301,768.72 $21,625.92 $5,157.36 $16,468.56 $20,788.64 $74,725.84 $296,611.36 2014 $296,611.36 $21,625.92 $5,448.28 $16,177.64 $26,236.92 $90,903.48 $291,163.08
54. Appreciation (conservitive): $19,500 + Amortization: $20,109 + Tax Benefit of Home Ownership $25,000 + Low Interest Rates: $5000 ___________________ total 5 year gain = $69,609
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56. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.
57. 1. ‘I am going to time the Market and buy/ sell at the time when inventory & buyer count is in my favor…’ Source: MLS
58. Listing v Contracts: Dec – Jan 2011, Princeton Twp. Date Units Listed Listed Volume Listed Average Pended Units Sold Sold Volume Sold Average Average DOM Dec 2011 1 975,000 975,000 1 7 6,049,810 864,258 127 Nov 2011 12 13,448,470 1,120,705 7 14 13,615,375 972,526 121 Oct 2011 19 30,493,500 1,604,921 17 8 4,701,870 587,733 125 Sep 2011 27 32,652,276 1,209,343 14 18 19,890,800 1,105,044 91 Aug 2011 16 12,546,300 784,143 9 28 26,741,650 955,058 89 July 2011 19 14,944,800 786,568 16 20 27,159,000 1,357,950 68 June 2011 39 41,836,900 1,072,741 19 21 15,886,499 756,499 122 May 2011 52 65,734,444 1,264,123 35 15 13,484,100 898,940 72 Apr 2011 40 40,740,062 1,018,501 13 8 6,756,950 844,618 133 Mar 2011 51 68,914,088 1,351,256 22 14 12,117,000 865,500 128 Feb 2011 32 23,239,909 726,247 8 6 4,103,000 683,833 128 Jan 2011 20 24,895,499 1,244,774 6 8 6,051,000 756,375 99 Totals: 328 370,421,248 1,129,333 167 167 156,557,054 937,467 103
59. Listing v Contracts: Dec – Jan 2011, West Windsor. Date Units Listed Listed Volume Listed Average Pended Units Sold Sold Volume Sold Average Average DOM Dec 2011 4 2,286,700 571,675 1 1 585,000 585,000 57 Nov 2011 23 14,398,655 626,028 13 14 7,265,295 518,949 79 Oct 2011 22 10,658,488 484,476 12 24 14,353,000 598,041 87 Sep 2011 25 12,208,440 488,337 24 23 12,385,025 538,479 61 Aug 2011 27 12,722,210 471,192 25 34 17,294,750 508,669 54 July 2011 35 18,198,790 519,965 20 37 20,523,900 554,700 56 June 2011 45 26,025,988 578,355 36 34 17,281,476 508,278 70 May 2011 48 26,107,288 543,901 35 21 11,744,500 559,261 76 Apr 2011 64 34,006,062 531,344 32 14 6,025,000 430,357 63 Mar 2011 56 32,541,174 581,092 14 21 10,676,000 508,380 83 Feb 2011 35 19,939,237 569,692 15 11 4,379,000 398,090 113 Jan 2011 28 14,258,350 509,226 21 17 9,720,500 571,794 101 Totals: 412 223,351,382 542,115 248 251 132,233,446 526,826 72
61. 3. ‘I am going to wait until the price comes down further and then make an offer/ if I lower my price I will get lower bids…? Source: MLS
62. Don’t Wait West Windsor: 75% Homes currently Under Contract: 32 Under contract within 30 days of Listing at the Right Price or Re-positioning in line with the market : 24 East Windsor: 76% Homes currently Under Contract: 21 Under contract within 30 days of Listing at the Right Price or Re-positioning in line with the market : 16
63. Don’t Wait Plainsboro: 95% Homes currently Under Contract: 21 Under contract within 30 days of Listing at the Right Price or Re-positioning in line with the market : 20
64. It’s About Price Sellers, if your listing hasn’t gone under contract in the last 30 days and the price is not adjusted it will not go under contract in the next 30. If the home your buyer wants has not had a price adjustment in the last 30 days it is the perfect time to go face to face with the seller to negotiate!
65. Jeff Smith, Loan Officer Weichert Financial Services Financial Benefits and Process of Home-Ownership.
66. Pop Quiz… If you take out a $200,000 30 year fixed payment loan from the bank, what is your monthly payment? A. $1901. B. $1640. C. $1201. D. $969.
67. Pop Quiz… What does an average buyer need for a down payment? A. 25% B. 20% C. 10% D. 3.5% D. 0%
68. FHA Loan Limits Reinstated… The new limits are in effect for case numbers issued from November 18 th of this year through September 30, 2012. It also permits up to a 6% seller contribution from a seller to a buyer for actual closing costs and escrows. Local County Limits: Hunterdon $729,750 Mercer $440,000 Middlesex $729,750 Monmouth $729,750 Salem $420,000 Somerset $729,750
69. Introducing the USDA Mortgage OPPORTUNITY : Customers want to purchase homes with little or no money down. SOLUTION : The USDA 100% Financing Mortgage will help your borrowers overcome one of the greatest obstacles to homeownership – a down payment.
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75. 1 Source: Freddie Mac 2 As reported in the Washington Post 12/26/09 3 As reported on CNBC 12/22/09 How Long Will Interest Rates Remain Low?
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79. The Impact of Pricing on the Salability of Your Home..…
80. All Negotiations, including real estate, are all about negotiation and control . Home Staging Who is in control?
82. Princeton Twp. 2010 The Price Trend Came up with a price of $850,000. I recommended a price of $799,000.
83. Negotiations are about leverage, use the listing price as yours… Listed at $799,000. 5 offers, sold at $942,000. The seller had control.
84.
85. One Aim Determining your best asking price. Our unique method goes beyond the traditional assessment of comparable home prices by anticipating changing marketing conditions in your area.
90. 2 . The Effect of Staging on the Value of a Home .
91. All Negotiations, including real estate, are all about negotiation and control . Home Staging Who is in control?
92. What Is Home Staging ? The process of preparing homes for sale regardless of Price, Location, or Condition To achieve the maximum sales price in the minimum marketing time. The GOAL is to appeal to the broadest range of BUYERS .
98. Home Staging *Based on a StagedHomes.com survey of over 400 homes across Canada & the Continental US prepared for sale by an Accredited Staging Professional (ASP™) from June 2007 through November 2007. “ The investment in home staging is always less than your first price reduction!”
99. Home Staging *Based on a StagedHomes.com survey of over 400 homes across Canada & the Continental US prepared for sale by an Accredited Staging Professional (ASP™) from June 2007 through November 2007. The average increase in sales price of an ASP Staged vs. non-Staged home is 6.9% . That is an additional $31,050 on a $450,000 sale. “ The investment in home staging is always less than your first price reduction!”
100. One Aim Determining your best asking price. Our unique method goes beyond the traditional assessment of comparable home prices by anticipating changing marketing conditions in your area.
101. All Negotiations, including real estate, are all about negotiation and control . Home Staging Who is in control?
103. Pre-Inspection WHAT DOES PRE-INSPECTION INCLUDE? The standard home inspector's report will review the condition of the home's heating system, central air conditioning system (temperature permitting), interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement, and visible structure.
105. All Negotiations, including real estate, are all about negotiation and control . Home Staging Who is in control?
106. PRE-LISTING Home Inspection Data on where most sales fall apart: attorney review, home inspection. Fall Thru Percentage 2007: 26% Fall Thru Percentage 2010: 10% .
107. Home Improvements I am moving out of the house, I do not want spend too much money to move. Or I just spent $$ on a new kitchen, I want $$$$$$ back on that investment when I move.
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109. Weichert Family of Companies What will a real estate company do for me?
110. Making Your Purchase as Smooth as Possible Buying a home involves the careful coordination of many people. Choosing a real estate team you can count on will make the process smoother and easier.
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114. Become a Fan! www.facbook.com/weichertprinceton www.weichert-princeton.com We post a ton of great market data on these two sites.
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Editor's Notes
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Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Populate this table to show the local absorption rate in the various price ranges that are appropriate for your market area. Please add or delete rows as necessary to adequately reflect local conditions.
Populate this table to show the local absorption rate in the various price ranges that are appropriate for your market area. Please add or delete rows as necessary to adequately reflect local conditions.
Populate this table to show the local absorption rate in the various price ranges that are appropriate for your market area. Please add or delete rows as necessary to adequately reflect local conditions.
Populate this table to show the local absorption rate in the various price ranges that are appropriate for your market area. Please add or delete rows as necessary to adequately reflect local conditions.
Populate this table to show the local absorption rate in the various price ranges that are appropriate for your market area. Please add or delete rows as necessary to adequately reflect local conditions.
Populate this table to show the local absorption rate in the various price ranges that are appropriate for your market area. Please add or delete rows as necessary to adequately reflect local conditions.
Populate this table to show the local absorption rate in the various price ranges that are appropriate for your market area. Please add or delete rows as necessary to adequately reflect local conditions.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
Create your own table or put together a bulleted list that covers the aspects of the marketplace that you consider most relevant and valuable to your Associates. Examples of items that might be used on this slide include trends in sales, prices, inventory and/or foreclosures in the different communities in your local market; news from your local board of Realtors; what the competition is doing, etc.
Create your own table or put together a bulleted list that covers the aspects of the marketplace that you consider most relevant and valuable to your Associates. Examples of items that might be used on this slide include trends in sales, prices, inventory and/or foreclosures in the different communities in your local market; news from your local board of Realtors; what the competition is doing, etc.
Create your own table or put together a bulleted list that covers the aspects of the marketplace that you consider most relevant and valuable to your Associates. Examples of items that might be used on this slide include trends in sales, prices, inventory and/or foreclosures in the different communities in your local market; news from your local board of Realtors; what the competition is doing, etc.
GSM Dialogue : GSM to ask for show of hands. GSM to share a recent success story that fits this profile.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Create your own table or put together a bulleted list that covers the aspects of the marketplace that you consider most relevant and valuable to your Associates. Examples of items that might be used on this slide include trends in sales, prices, inventory and/or foreclosures in the different communities in your local market; news from your local board of Realtors; what the competition is doing, etc.
Create your own table or put together a bulleted list that covers the aspects of the marketplace that you consider most relevant and valuable to your Associates. Examples of items that might be used on this slide include trends in sales, prices, inventory and/or foreclosures in the different communities in your local market; news from your local board of Realtors; what the competition is doing, etc.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.