Low Inventory Affecting Home Sales

U.S. home resales fell sharply to their lowest level in nine months in January amid a shortage of properties on the market, a setback that could temper expectations for anacceleration in housing activity this year.

The National Association of Realtors said on Monday existing home sales declined 4.9 percent to an annual rate of 4.82 million units, the lowest level since April last year.

Sales fell in all four regions. Revisions to sales data going back to 2012 were minor. Sales slumped last month despite a decline in mortgage rates, which saw the 30-year rate hitting a 20-month low.

Tight inventories are hurting sales by limiting the selection of houses available to potential buyers. The lack of supply is also keeping house prices elevated, helping to sideline first-time buyers from the market.

There is hope that a tightening labor market would spur sturdy wage growth and pull first-time buyers into the market. But unless there is a significant pickup in the number of homes available for sale, the housing recovery could remain sluggish.

www.TheJerseyShoreHomeFinder.com

Economists polled by Reuters had forecast existing home sales falling only to a 4.97-million unit pace last month. Sales were up 3.2 percent from a year agUp down grapho.

Last month, the inventory of unsold homes on the market slipped 0.5 percent from a year ago to 1.87 million. It was the second straight year-on-year decline. According to the Realtors group, supply should be rising by at least 10 percent.

Economists say insufficient equity and uncertainty about the economy’s strength were forcing potential sellers to stay in their homes.

A survey by the Realtors group showed homeowners on average staying in their homes for 10 years instead of the typical seven years.

At January’s sales pace, it would take 4.7 months to clear houses from the market, down 2.1 percent from a year-ago. A six months’ supply is viewed as a healthy balance between supply and demand.

The is little hope that supply will increase in the near-term. Data last week showed groundbreaking for single-family home projects fell sharply in January. Permits for future single-family home building also declined.

The shrinking supply of previously owned homes lifted the median home price 6.2 percent in January to $199,600 from a year ago. The pace, which had been slowing after double-digit growth for much of 2013, appears to be reaccelerating, which will further reduce affordability.

As reported by Reuters at: http://in.reuters.com/article/2015/02/23/us-usa-economy-housing-idINKBN0LR1DE20150223

Ocean County Supply and Demand Report

For 1/23/2015 To 2/23/2015

Property Type: Residential
County: Ocean
MLS Total
Current Active Listings
Number
5,046
List Price Volume
1,814,766,498
List Price Average
359,645
Average Days on Market
120
Total Sold
Number
435
List Price Volume
106,846,249
List Price Average
245,624
Sale Price volume
101,847,691
Sale Price Average
234,133
Average Days on Market
91
Under Contract Listings
Number
688
List Price Volume
172,634,396
List Price Average
250,922
Average Days on Market
94
Back On Market Listings
Number
0
List Price Volume
List Price Average
Expired Listings
Number
544
List Price Volume
193,567,620
List Price Average
355,823
Average Days on Market
199
Withdrawn Cancelled Listings
Number
216
List Price Volume
66,174,993
List Price Average
306,366
Average Days on Market
144

For more information; contact Karl Hess, Keller Williams Realty, Jersey Shore Homes @ 609-553-7926 or 732-942-5280, ext 133

Information is deemed to be reliable, but is not guaranteed. © 2015 MLS and FBS. Prepared by Karl Hess on The Jersey Shore in Ocean County on Monday, February 23, 2015 12:56 PM.

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Ocean County Open House February 22, 2015

Open House in Ocean County with photos and maps for Sunday Feb 22, 2015 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and all of Ocean County (These are the only scheduled Open Houses in Ocean County for this Sunday).

Click here to set up your own Open House Alerts in the areas in which you’re interested. No more searching for Open Houses, you’ll get notified immediately! Below is the complete list of Open Houses in each town for Feb 22, 2015.

Click on the links below to access photos and maps for every open house for the specific town in which you are interested.

Most Open Houses will take place between 12:00 PM and 3:00 PM, so use the maps provided in the links to plan your day…or call me and I’d be happy to set up an exclusive “tour of homes” at your convenience. Get a positive, helpful consultant for buying or selling a home in Ocean County:
  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond
  • Has the Market Stabilized? – contact me for the very latest in Market Trends and Analysis

Here is a map of all Open Houses in Ocean County for Feb 22, 2015:

 

 

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Open House Ocean County Feb 15, 2015

Open House in Ocean County with photos and maps for Sunday Feb 15, 2015 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and all of Ocean County (These are the only scheduled Open Houses in Ocean County for this Sunday).

Click here to set up your own Open House Alerts in the areas in which you’re interested. No more searching for Open Houses, you’ll get notified immediately! Below is the complete list of Open Houses in each town for Feb 15, 2015.

Click on the links below to access photos and maps for every open house for the specific town in which you are interested.

Most Open Houses will take place between 12:00 PM and 3:00 PM, so use the maps provided in the links to plan your day…or call me and I’d be happy to set up an exclusive “tour of homes” at your convenience. Get a positive, helpful consultant for buying or selling a home in Ocean County:
  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond
  • Has the Market Stabilized? – contact me for the very latest in Market Trends and Analysis

Here is a map of all Open Houses in Ocean County for Feb 15, 2015:

 

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Open House Ocean County, February 8, 2015

Open House in Ocean County with photos and maps for Sunday Feb 8, 2015 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and all of Ocean County (These are the only scheduled Open Houses in Ocean County for this Sunday).

Click here to set up your own Open House Alerts in the areas in which you’re interested. No more searching for Open Houses, you’ll get notified immediately! Below is the complete list of Open Houses in each town for Feb 8, 2015.

Click on the links below to access photos and maps for the specific town in which you are interested. You’ll also see a complete list of all open houses in Ocean County below the individual municipalities.

Most Open Houses will take place between 12:00 PM and 3:00 PM, so use the maps provided in the links to plan your day…or call me and I’d be happy to set up an exclusive “tour of homes” at your convenience. Get a positive, helpful consultant for buying or selling a home in Ocean County:
  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond
  • Has the Market Stabilized? – contact me for the very latest in Market Trends and Analysis

Here is a map of all Open Houses in Ocean County for Feb 8, 2015:

 

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Thinking About Making A Move?

When you're thinking about making a move, there are a few first steps you can take - even if you're in the "just thinking about it" stage.

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This Month in Real Estate, January 2015

Your monthly update on the most important trends in real estate.

This Month in Real Estate, January 2015

 

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Open House Ocean County, January 25, 2015

Open House in Ocean County with photos and maps for Sunday Jan 25, 2015 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and all of Ocean County (These are the only scheduled Open Houses in Ocean County for this Sunday).

Click here to set up your own Open House Alerts in the areas in which you’re interested. No more searching for Open Houses, you’ll get notified immediately! Below is the complete list of Open Houses in each town for Jan 25, 2015.

Click on the links below to access photos and maps for the specific town in which you are interested. You’ll also see a complete list of all open houses in Ocean County below the individual municipalities.

Most Open Houses will take place between 12:00 PM and 3:00 PM, so use the maps provided in the links to plan your day…or call me and I’d be happy to set up an exclusive “tour of homes” at your convenience. Get a positive, helpful consultant for buying or selling a home in Ocean County:

  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond
  • Has the Market Stabilized? – contact me for the very latest in Market Trends and Analysis

Here is a map of all Open Houses in Ocean County for Jan 25, 2015:

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Open House Ocean County January 18, 2015

Open House in Ocean County with photos and maps for Sunday Jan 18, 2015 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and all of Ocean County (These are the only scheduled Open Houses in Ocean County for this Sunday).

Click here to set up your own Open House Alerts in the areas in which you’re interested. No more searching for Open Houses, you’ll get notified immediately!

Below is the complete list of Open Houses in each town for Jan 18, 2015. Click on the links below to access photos and maps for the specific town in which you are interested. You’ll also see a complete list of all open houses in Ocean County below the individual municipalities.

Most Open Houses will take place between 12:00 PM and 3:00 PM, so use the maps provided in the links to plan your day…or call me and I’d be happy to set up an exclusive “tour of homes” at your convenience. Get a positive, helpful consultant for buying or selling a home in Ocean County:
  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond
  • Has the Market Stabilized? – contact me for the very latest in Market Trends and Analysis

Here is a map of all Open Houses in Ocean County for Jan 15, 2015:

For a professional, informed consultation, call or email me at your convenience: Karl Hess, Ocean County Real Estate, Keller Williams Ocean County
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Open House Ocean County Jan 11, 2015

Open House in Ocean County with photos and maps for Sunday Jan 11, 2015 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and all of Ocean County (These are the only scheduled Open Houses in Ocean County for this Sunday).

Click here to set up your own Open House Alerts in the areas in which you’re interested. No more searching for Open Houses, you’ll get notified immediately!

Below is the complete list of Open Houses in each town for Jan 11, 2015. Click on the links below to access photos and maps for the specific town in which you are interested. You’ll also see a complete list of all open houses in Ocean County below the individual municipalities.

Most Open Houses will take place between 12:00 PM and 3:00 PM, so use the maps provided in the links to plan your day…or call me and I’d be happy to set up an exclusive “tour of homes” at your convenience.

Get a positive, helpful consultant for buying or selling a home in Ocean County:

  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond
  • Has the Market Stabilized? – contact me for the very latest in Market Trends and Analysis

Here is a map of all Open Houses in Ocean County for Jan 11, 2015:

 

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Open House Ocean County December 14, 2014

Open House in Ocean County with photos and maps for Sunday Dec 14, 2014 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and all of Ocean County (These are the only scheduled Open Houses in Ocean County for this Sunday).

Click here to set up your own Open House Alerts in the areas in which you’re interested. No more searching for Open Houses, you’ll get notified immediately!

Below is the complete list of Open Houses in each town for Dec 14, 2014. Click on the links below to access photos and maps for the specific town in which you are interested. You’ll also see a complete list of all open houses in Ocean County below the individual municipalities.

Most Open Houses will take place between 12:00 PM and 3:00 PM, so use the maps provided in the links to plan your day…or call me and I’d be happy to set up an exclusive “tour of homes” at your convenience.

Get a positive, helpful consultant for buying or selling a home in Ocean County:

  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond
  • Has the Market Stabilized? – contact me for the very latest in Market Trends and Analysis

Here is the list of all Open Houses in Ocean County:

# MLS States Adress  Price Muncipality Bed Bath List Price/SqFt
1
21410511  
Active
74 Encinitas Dr $179,900 Berkeley 2 2 146.02
2
21435255  
Active
6 New Construction St $349,900 Berkeley 4 3 140.24
3
21435254  
Active
4 New Construction St $326,900 Berkeley 4 3 144.33
4
21435252  
Active
3 New Construction St $314,900 Berkeley 4 3 148.75
5
21435250  
Active
2 New Construction St $309,900 Berkeley 4 3 166.26
6
21435249  
Active
1 New Construction St $299,900 Berkeley 3 3 170.01
7
21435247  
Active
79 Bridle Path $335,310 Berkeley 4 3 154.73
8
21435246  
Active
65 Bridle Path $358,365 Berkeley 4 3 154.8
9
21435256  
Active
118 Hickory Ln $339,850 Berkeley 5 3 137.54
10
21437666  
Active
25 Greenville Ct $105,900 Berkeley 2 1 96.98
11
21438525  
Active
31 Fairfield Rd $174,900 Berkeley 2 2 115.52
12
21439874  
Active
13 Sheffield Dr $179,900 Berkeley 2 2 116.44
13
21453997  
Active
10 Elmswell Ct $239,000 Berkeley 2 2
14
21425105  
Active
632 Harbor Rd $794,500 Brick 4 4 267.42
15
21409921  
Active
14 Navarra Dr $569,900 Brick 4 3 222.27
16
21411829  
Active
329 Cutter Ln $629,900 Brick 3 2
17
21437939  
Active 19 Lance Dr $140,000 Brick 2 2 127.27
18
21451421  
Active
16 Sunflower Ln $425,000 Brick 3 3 215.52
19
21452783  
Active
21 Rushmore Dr $185,000 Brick 2 2
20
21453382  
Active
352 Georgia Dr $335,000 Brick 5 2
21
21438117  
Active
1109 Larsen Rd $274,000 Jackson 5 2 132.11
22
21453496  
Active
3 Sunny Woods Ln $423,000 Jackson 4 3 187.5
23
21413681  
Active
1210 Gannet Ct $895,000 Lacey 3 4 271.21
24
21441975  
Active
9 Autumn Rise Ln $214,900 Lakewood 2 2 134.48
25
21439413  
Active
23 W Jacqueline Ave $925,000 Long Beach 5 3 360.48
26
21441455  
Active
3 Lyon Ct $335,500 Manchester 3 3 136.38
27
21450652  
Active
3 Ashfield Ct $259,900 Manchester 2 2
28
21452311  
Active
50 Westgate Pl $169,900 Manchester 2 2 134.1
29
21453282  
Active
60 Pancoast Rd $425,000 Ocean (OCN) 3 3 144.31
30
21453765  
Active
65 Lighthouse Dr $169,200 Ocean (OCN) 2 1
31
21429748  
Active
19 Cedar St $178,900 Plumsted 2 1
32
21436267  
Active
2201 River Rd 4306 $589,990 Point Pleasant 2 2 325.06
33
21422223  
Active
539 Barclay Dr $379,900 Point Pleasant 4 2
34
21437733  
Active
2313 Hollywood Rd $424,900 Point Pleasant 3 3
35
21441937  
Active 2504 Beech St $244,900 Point Pleasant 4 2 226.76
36
21452864  
Active
704 Central Ave $319,000 Point Pleasant 3 2 227.86
37
21418627  
Active
1703 Beacon Ln $1,650,000 Point Pleasant Beach 4 4 445.95
38
21450287  
Active
105 Saint Louis Ave $569,900 Point Pleasant Beach 3 2
39
21453616  
Active
811 Orchard Ave $699,000 Point Pleasant Beach 4 2
40
21435405  
Active
110 Worth St $230,000 South Toms River 5 2 111.87
41
21425226  
Active
215 Oak Ave $399,900 Stafford 4 3
42
21453792  
Active
767 Buccaneer Ln $315,000 Stafford 4 3 156.87
43
21424964  
Active
502 Aberdeen Ln $194,500 Toms River Twp 2 3 129.67
44
21428610  
Active
3203 Pepperbush Ct $193,400 Toms River Twp 3 3 131.48
45
21427967  
Active
2664 Rockport Ln $225,000 Toms River Twp 2 2
46
21422384  
Active
191 Lamdan Ln $599,900 Toms River Twp 4 5 179.4
47
21431148  
Active
329 Hilltop Rd $396,000 Toms River Twp 5 4 123.75
48
21341833  
Active
782 Kansas Ave $400,000 Toms River Twp 4 3 167.5
49
21341705  
Active
773 Kansas Ave $385,000 Toms River Twp 4 3 161.22
50
21341824  
Active
792 Kansas Ave $425,000 Toms River Twp 4 3 172.06
51
21341819  
Active
777 Kansas Ave $405,000 Toms River Twp 4 3 163.97
52
21426485  
Active
590 Fawn Dr $287,000 Toms River Twp 4 2 169.92
53
21438656  
Active
68 Serenity Pl $374,900 Toms River Twp 4 3 145.09
54
21441536  
Active
7 Harpers Ferry Rd $285,900 Toms River Twp 3 1 204.21
55
21451847  
Active
34 Pembroke Ln $137,900 Toms River Twp 2 1
56
21451820  
Active
123 Lien St $319,000 Toms River Twp 3 3
57
21452340  
Active
1688 Mount Everest Ln $75,000 Toms River Twp 2 1 69.96
58
21452487  
Active
37 Heather Rd $250,000 Toms River Twp 3 2
59
21453850  
Active
1562 Forrest Trail Cir $525,000 Toms River Twp 5 3 175
60
21453871  
Active
536 Bradley Blvd $195,000 Toms River Twp 3 1

For a professional, informed consultation, call or email me at your convenience: Karl Hess, Ocean County Real Estate, Keller Williams Ocean County

 

 

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