by Anthony | Jan 18, 2021 | 2021 Topics, COVID19, Housing, Manhattan, NJ Real Estate News
Who would have guessed that the real estate market would appreciate in some cases by 25% year-over-year, especially during a pandemic? And yet, that’s exactly what took place in 2020. So should we expect the same market trajectory in 2021? Using the same guidance for...
by Anthony | Jan 15, 2021 | 2020 Trends, Monmouth County NJ, NJ Real Estate News, Real Estate News
Monmouth County 2020 Results The Number of homes sold in Monmouth County jumped to 1,130 or 51.9% over 2019 results. The Median Sales Price for homes sold in Monmouth County climbed to $485,000, a 25% increase over 2019. The Median Days on Market fell to 26 days, a...
by Anthony | Dec 30, 2020 | Middlesex, Morris County, NJ Monthly Sales Reports, NJ Real Estate News
Morris County Single Family Homes for November Key Metrics 2019 2020 Change New Listings 435 452 + 3.9% Closed Sales 408 608 + 58.8% DOM* 62 43 – 30.6% Median PX $420K $537K + 27.9%...
by Anthony | Dec 14, 2020 | Home Equity, Housing, Inventory Shrinkage, NJ Real Estate News, Real Estate News
The most recent home equity report coming from CoreLogic indicates that for the third quarter 2020, U.S. homeowners increased in homeowner equity by $1 trillion. This is the highest amount ever recorded. Approximately 63% of all properties found equity to increase by...
by Anthony | Dec 7, 2020 | Essex County, Morris County, New Jersey News, NJ Real Estate News, Northern New Jersey
Demand for larger residences with home offices and large backyards are making areas in Northern New Jersey the new flower children of this pandemic real estate boom in Northern New Jersey. Some of these in-demand markets include Wyckoff and Closter in Bergen County,...
by Anthony | Dec 2, 2020 | New Jersey News, NJ Real Estate News
The impact of the pandemic has been felt across every segment of New Jersey’s economy. Unemployment continues to plague many employed in the service industries and retail sector. And real estate conversely continues to ramp higher due to the exodus of...
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