Tewksbury NJ Real Estate - Market Update for JUNE 2012

By
Real Estate Agent with Keller Williams Realty Metropolitan


Tewksbury NJ Real Estate - Closed Sales JUNE 2012

by Bob Zorechak - GRI, ABR, e-PRO

 

Closed Sales for Tewksbury are up 17% year-to-date through June and 100% for the month of June as compared to last year during this same period. The market has definitely made a turn for the better as sales volume has increased significantly. Read here to find out the very latest information on your local Tewksbury NJ Real Estate market!

 

Closed Sales in Tewksbury increased by 100% for the month of June as compared to this same period last year (10 sales in June 2012 as compared to 5 in June 2011).  In addition, year-to-date volume was up moderately by 17% through June as compared to the same period last year (34 sales in 2012 vs. 29 sales in 2011). This marks the third consecutive year of increasing sales figures for the town. The volume of Pending Sales as of the last day of June is running about the same as last year at this time.

While all real estate is local, there are many positive signs being seen all across the Northeast and in other major regional markets across the country. The next several months will be critical in determining if the recent upswing has any sustained staying power.

In recent months, it is not uncommon to see properties attracting multiple bids, however the majority of these are not necessarily resulting in sales prices coming in over asking price, rather than buyers recognizing a good value when they see one and sellers having a better choice of qualified buyers from which to choose.

There is a certain amount of "pent-up demand" on both the buying and selling side of this market as many buyers and sellers have been sitting on the fence for several years now and see that the pendulum is beginning to swing in the other direction and as a result, they are taking action.

Prices are expected to remain steady and interest rates continue to hover at record low rates. There has rarely been a time where both prices AND interest rates were so low. Combine these two factors with a relatively high inventory of homes to choose from and you have the perfect conditions for a robust and steady housing recovery. The general state of the economy along with a high rate of foreclosures and distressed properties are expected to keep prices low for several more years as this inventory eventually gets cleared out.

Look below to see the individual homes that sold in Tewksbury NJ for the month of JUNE in 2012.  Also shown below is a year to year comparison bar graph for homes SOLD in the month of JUNE over the past 5 years, followed by another graph illustrating the amount of homes that have SOLD Year-to-Date through JUNE through the same period.

Tewksbury NJ Real Estate - Closed Sales (SOLD) for JUNE Bar Graph



Follow the link below to read the rest of this report:


Tewksbury NJ Real Estate - Closed Sales JUNE 2012


For more information on Tewksbury including its award winning school system, follow this link:

 

All you need to know about Tewksbury NJ

 

Posted by

******************************************************************************************************

 

This information is provided to you by New Jersey Real Estate Finder

with a commitment to serving both buyers and sellers in select towns

in and around:

 

Somerset County (Bedminster, Basking Ridge, Bernardsville,

Far Hills, Peapack-Gladstone)

 

Morris County (Long Valley, Chester, Mendham,

Morris Township, Morristown, Madison, Chatham)

 

Hunterdon County (Tewksbury, Lebanon Township)

 

 

*******************************************************************************************************

 

Robert “Bob” Zorechak

GRI    ABR   e-PRO   Realtor

 

Mobile: 908.267.2465

eMail: Bob@BobZorechakRealtor.com

 

NewJerseyRealEstateFinder.com

 

 

Keller Williams Realty Metropolitan

55 Madison Avenue

Morristown, New Jersey 07960

Ph: 973-539-1120   Fx: 908-698-0202

 

Helping You Make Good Decisions

 

******************************************************************************************************

 

All Content & Photography Copyright © 2014 by Bob Zorechak

 

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Ambassador
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Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale
Hi Bob, thank you for sharing your Tewksbury NJ Real Estate market report. Clear, precise and easy to understand. All the best and keep up the good work!
May 01, 2013 02:01 AM #1
Rainmaker
532,264
Erika Rogers
Re/Max First Realty - Saint George, UT
St George Utah Real Estate & local info.
Bob, well written post you have here about Tewksbury NJ Real Estate - Closed Sales JUNE 2012. It sure is a very active real estate market. Hope it continues all through out the year. Best of luck.
May 29, 2013 05:57 AM #2
Rainmaker
60,816
Pat & Ed Okenica
RE/MAX Agents Realty Lake Oconee Ga - Greensboro, GA
Lake Oconee Ga Real Estate
Great article Bob that highlights the Tewksbury NJ Real Estate market report. This will surely come in handy as a reference in the future. Thank you for sharing and stay the most reliable real estate specialist.
Jun 05, 2013 10:05 AM #3
Rainmaker
620,477
Petra Norris
CDV TransAtlantic, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale
Thank you Bob for a detailed market report about Tewksbury NJ Real Estate, this is a good source of information to potential clients wanting to know the history of the market. All the best and stay the best Chester NJ real estate consultant.
Jun 06, 2013 09:48 AM #4
Rainmaker
47,162
Melissa Muse Wiggans
Real Estate Muses - San Antonio, TX
CRS, GRI, ABR - San Antonio Tx Real Estate
Good work on sharing this informative report Bob. A lot of things can be learned from this market report. Thank you for the details and keep up the good work.
Jun 06, 2013 09:52 AM #5
Rainmaker
184,455
Waynette Hoover Araj
RE/MAX Central Realty - Asheboro, NC
Awesome market update Bob! Very informative and easy to understand. You really are the finest  Chester NJ real estate consultant, keep it up!
Jun 22, 2013 07:14 AM #6
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Rainmaker
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Bob Zorechak - ABR, GRI, e-PRO

Sells Homes in Morris/Somerset/Hunterdon Cos., NJ
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