Archive for December 2011

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

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

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

 

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Open House Ocean County December 18, 2011

Open House in Ocean County with photos and maps for Sunday December 18, 2011 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and Whiting.(These are the only scheduled Open Houses in Ocean County for this weekend)

Below is the complete list of Open Houses in Ocean County for Dec 18, 2011 Click on the link below to access photos and maps for each property.

Details: 129  VAN CORTLANDT DR, BRICK, NJ – $245,000
Details: 160  LINDBERGH DR, BRICK, NJ – $325,000
Details: 124  SIDDONS CT, ISLAND HEIGHTS, NJ – $899,900
Details: 416  CHESTNUT DR, LANOKA HARBOR, NJ – $224,900
Details: 14  JONES RD, FORKED RIVER, NJ – $229,900
Details: 115  MARTIN RD, TOMS RIVER, NJ – $194,900
Details: 509  MIDSHIP DR, TOMS RIVER, NJ – $199,000
Details: 181  DAYNA COURT, TOMS RIVER, NJ – $850,000

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.

For complete updated information on Ocean County Open Houses and real estate tips go to www.OpenHouseOceanCounty.com

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

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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This Month in Real Estate December 2011

This Month in Real Estate is a monthly video news series, provided by Keller Williams, that offers an inside look at the national real estate market with local trends. 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.

Ocean County Housing Statistics Summaries Report for Entire MLS from 11/1/2011 – 11/30/2011

As of today, there are 3932 single family homes for sale in Ocean County. The median list price for those homes is $315,000. The average days on market is 164 days.

There were 643 new listings for homes in Ocean County for the month of November with a median asking price of $299,900. 229 homes sold in Ocean County in November with a median sold price of $274,000 which results in a sales price vs listing price ratio of 93%. The average days on market for sold homes is 144, 396 listings expired or withdrawn in November 2011.

In comparison to November 2010: There were 694 new home listing with a median asking price of 299,900. 254 homes were sold and the median sold price was $280,000.  The average days on market for sold homes in November 2010 was 118 for sold homes. 535 listings expired or were withdrawn in November 2010.

Average List Price for Ocean County Homes November, 2011
Unable to display chart
–Information deemed reliable but not guaranteed–
Prepared by Karl Hess of Keller Williams Realty Monmouth/Ocean on Monday, December 12, 2011 10:11 AM.

 

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Open House Toms River December 11, 2011

Open House in Toms River with photos and maps for Sunday Dec 11, 2011. Toms River Open House information including school reports, neighborhood data and Toms River Market Trends.

Here is the list of Open Houses in Toms River on December 11, 2011 with easy to access maps and numerous photos. These homes are located in East Dover, North Dover, Georgetown, Shelter Cove, Ortley Beach, Money Island, Green Island, Silverton, Snug Harbor, and throughout Toms River Twp.

Details: 79  KETTLE CREEK RD, TOMS RIVER, NJ – $309,900
Details: 2340  DONNA DEE CT, TOMS RIVER, NJ – $699,000

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:

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 Point Pleasant December 11, 2011

Open House in Point Pleasant and Point Pleasant Beach with photos and maps for December 11, 2011. Point Pleasant Open House information including school reports, neighborhood data and Point Pleasant housing market trends.

Here is the list of Open Houses in Point Pleasant on Dec 11, 2011 with easy to access maps and numerous photos.

Details: 1611  BEACON LN, POINT PLEASANT BEACH, NJ – $1,366,000
Details: 1502  JACKSON ST, POINT PLEASANT, NJ – $234,900
Details: 235  PEARCE AVE, POINT PLEASANT, NJ – $279,000
Details: 505  RIVERWOOD AVE, POINT PLEASANT, NJ – $279,900
Details: 3723  RIVER RD, #C, POINT PLEASANT, NJ – $739,900

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:

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 Lacey Twp December 11, 2011

Open House in Lacey Twp, including Lanoka Harbor and Forked River with photos and maps for Dec 11, 2011. Lacey Twp Open House information with school reports, neighborhood data with Lacey Twp Housing Market Trends.

Click here for the list of all Open Houses in Lacey Twp on December 11, 2011 with easy to access maps and numerous photos, including Lanoka Harbor, Forked River, Bamber, Sunrise Beach and the surrounding area.

Details: 729  LAKE BARNEGAT DR N, LANOKA HARBOR, NJ – $205,000
Details: 803  WINDSOR ST, FORKED RIVER, NJ – $239,500
Details: 27  RIDGEMONT DR, LANOKA HARBOR, NJ – $395,000

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:

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 Brick Twp December 11, 2011

Open House in Brick Township with photos and maps for Sunday December 11 2011. Brick Township Open House information including school reports, neighborhood data and Brick Twp Housing Market Trends.

Here is the list of Open Houses in Brick Township on December 11 with numerous photos and maps. These homes are located in Baywood, Osbornville, Herbertsville, Cedarwood, Sandy Point, Midstreams, Lake Riviera, Metedeconk, South Hampton, Mantoloking, etc.

Details: 118  MERIDIAN DR, BRICK, NJ – $224,900
Details: 836  MARBRO AVE, BRICK, NJ – $259,900
Details: 126  DENNIS DR, BRICK, NJ – $275,000
Details: 378  JAROME ST, BRICK, NJ – $289,900
Details: 922  COLUMBUS DR, BRICK, NJ – $299,900
Details: 27 N CHEROKEE LN, BRICK, NJ – $384,500
Details: 309  MELROSE ST, BRICK, NJ – $399,900
Details: 69 E LAGOONA DR, BRICK, NJ – $649,000
Details: 475  PRINCETON AVE, BRICK, NJ – $1,569,000

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:

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 December 10, 2011

Open House in Ocean County with photos and maps for Saturday December 10, 2011 in Barnegat, Bayville, Brick, Jackson, Forked River, Lanoka Harbor, Waretown, Stafford Twp, Toms River, Beachwood, Point Pleasant, and Whiting.(These are the only scheduled Open Houses in Ocean County for this Saturday)

Below is the complete list of Open Houses in Ocean County for Dec 10, 2011 Click on each link below to access photos and maps for each property.

Details: 124  SIDDONS CT, ISLAND HEIGHTS, NJ – $899,900
Details: 512  SUNRISE BLVD, FORKED RIVER, NJ – $237,000
Details: 706  AMHERST RD, LANOKA HARBOR, NJ – $335,000
Details: 1502  JACKSON ST, POINT PLEASANT, NJ – $234,900

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:

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 Toms River December 3, 2011

Open House in Toms River with photos and maps for Sunday Dec 3, 2011. Toms River Open House information including school reports, neighborhood data and Toms River Market Trends.

Here is the list of Open Houses in Toms River on December 3, 2011 with easy to access maps and numerous photos. These homes are located in East Dover, North Dover, Georgetown, Shelter Cove, Ortley Beach, Money Island, Green Island, Silverton, Snug Harbor, and throughout Toms River Twp.

Details: 444  DOVER RD, TOMS RIVER, NJ – $213,000
Details: 951  RALEIGH DR, TOMS RIVER, NJ – $219,900
Details: 662  MONTANA DR, TOMS RIVER, NJ – $230,000
Details: 916  FAIRVIEW DR, TOMS RIVER, NJ – $257,000
Details: 1433  DELAWARE AVE, TOMS RIVER, NJ – $258,000
Details: 31  DOGWOOD LN, TOMS RIVER, NJ – $369,000
Details: 337  ALDO DR, TOMS RIVER, NJ – $374,900
Details: 1907  CHARLTON  CIR, TOMS RIVER, NJ – $634,900
Details: 18  CAPTAINS DR, TOMS RIVER, NJ – $849,999

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:

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 Bayville December 3, 2011

Open House in Bayville with photos and maps for Sunday Dec 3, 2011. Open House information including school reports, neighborhood data and Bayville Housing Market Trends.

Click here for the list of Open Houses in Bayville on December 3, 2011 with easy to access maps and numerous photos. These homes are located in Bayville, Holiday City, Cedar Beach, Holly Park, Kesswick, Manitou Park, Pinewald, and throughout Berkeley Twp.

Details: 116  PHEASANT DR, BAYVILLE, NJ – $210,000
Details: 124  AMHERST DR, BAYVILLE, NJ – $489,000

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 Bayville:

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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