News
Ralph’s Blogs
Gov Christie Declares State of Emergency for NJ
Gov. Chris Christie has declared a state of emergency as New Jersey prepares for a snowstorm that threatens blizzard conditions in some areas. Forecasters say 18 to 24 inches of snow is expected in northern areas, while central Jersey will likely see 6 to 12 inches....
Snack Innovations Moving to Edison
Snack Innovations Moving to Edison Snack Innovations Inc., the producer of naturally delicious Better-For-You gourmet snack foods, is vacating its Brooklyn facility for new digs in Edison, New Jersey. Snack acquired a 35,316-square-foot industrial property located at...
Hackers Target Real Estate Professionals
Many real estate transactions have migrated to electronic platforms, and along with the increased functionality comes greater vulnerability from fraud, specifically hackers. Many companies will no longer wire funds on the basis of a single email. There are additional...
Inventory Still An Issue
The majority of New Jersey counties have less than 6 months of inventory: the statewide average is at 5.2 months, according to New Jersey Realtor. The inventory shortage is not showing up in a frenetic rise in home prices, but rather in the number of closed sales and...
January 2017 HPI Rises 6.9 Percent
Forecast Indicates Increase of 4.8% by January 2018 CoreLogic reported that its home prices index [HPI] for sales nationwide, including distressed sales, increased year-over-year by 6.9% in January 2017 compared with January 2016. It also reported that according to...
NJ Real Estate News
American Water Breaks Ground for Camden HQ American Water Works Co. Inc. has broken ground on its new headquarters on the Camden Waterfront, it announced recently. The company, the largest publicly traded U.S. water and wastewater utility, held a ceremony at One Water...
Home Prices Increase, Leading Homeowners to Cash-In on Equity
The rising value of homes has not only brought many an underwater homeowner back into the black, it appears to be causing some to tap into equity for a variety of purposes. The beneficiaries are, of course, the lenders but also building supply companies such as Lowe’s...
Historic Ocean Grove Site of Massive 5-Alarm Fire
A massive five-alarm blaze which started early Friday morning destroyed a vacant hotel, gutted three houses and damaged two condominium complexes, The Marlborough and La Pierre, in Ocean Grove, as well as several other smaller single family homes, three of which burnt...
The Elephant in the Room
The subject of property taxes is a subject that no one is willing to discuss. Right now, the average American pays about $2,149 per year in property taxes, or $180 a month. For the list of states below, that number translates into a monthly charge of $617-$261. As you...
Safety Precautions for This Spring
Tip #1 Keep it light Show properties before dark. If you are going to be working after hours, advise your associate or first-line supervisor of your schedule. If you must show a property after dark, turn on all lights as you go through, and don't lower any shades or...
Northeast Pending Home Sales Jump 2.3%
The National Association of Realtors reported that regionally, pending home sales in the Northeast rose 2.3% month-to-month and were 3.6% above 2016. In the Midwest sales fell 5.0% for the month and were 3.8% lower than January 2016. Pending home sales in the South...
Monmouth County Closed Sales Up 21 Percent
Monmouth County January Key Metrics 2016 2017 Percent Change New Listings 799 906 + 13.4% Closed Sales 362 440 + 21.5% Days on Market Until Sale 91 74 - 18.7% Median Sales Price $370,000 $406,500 + 9.9% % of PX Received 94.8% 96.5% + 1.8% Inventory 3,238 2,643...
New Listings
51 Lions Head Blvd South, Brick, NJ
Just Listed Here
9 Edgewater Dr, Toms River, NJ
Just Listed

