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Maureen Kelly

What's happening in Monmouth County?

Here in coastal Monmouth County, there are some great opportunities in the market right now. Click on the link for each town below to find out what's been going on over the course of the past few years as a whole, and you'll see that the market is strong.

Regardless of media reports, this area maintains it value because of our natural resources, quality of life, and proximity to Manhattan. After just a 35-minute ferry ride, you find yourself back home at the beach!

Monmouth County Oceanfront

Rumson
Monmouth Beach
Fair Haven
Little Silver
Shrewsbury
Oceanport
Sea Bright
Atlantic Highlands
Long Branch
Red Bank

Atlantic Highlands, NJ - Real Estate Market Facts (condos only), Jan. 9, 2008

Sales and Inventory History

Wednesday, January 09, 2008
Category - Condominiums / Area: ATL - ATLANTIC HIGHLANDS / County: Monmouth
MonthYearMonthly SalesAvg ListPriceAvg Sale Price% Diff Sell/listAvg DOMCurr InventoryMonths Inventory
January2005N/A$0$00%0.030
February20052$372,450$358,95096.38%74.021.00
March20051$179,999$175,00097.22%33.022.00
April20052$339,450$338,25099.65%57.021.00
May20051$465,000$450,00096.77%180.022.00
June20051$214,900$212,00098.65%50.011.00
July20051$439,900$425,00096.61%70.022.00
August2005N/A$0$00%0.030
September20051$410,000$390,00095.12%269.044.00
October2005N/A$0$00%0.050
November2005N/A$0$00%0.050
December20051$212,000$207,00097.64%93.044.00
Total10$329,212$319,52597.06%103.342.13
January20061$198,125$200,000100.95%60.055.00
February2006N/A$0$00%0.0110
March20061$239,000$225,57094.38%17.01212.00
April20061$199,000$189,00094.97%8.01414.00
May20063$225,667$225,667100.00%18.093.00
June20063$211,267$202,66795.93%22.0113.67
July20062$199,000$199,000100.00%64.0115.50
August20062$204,450$197,50096.60%90.094.50
September2006N/A$0$00%0.0110
October2006N/A$0$00%0.090
November2006N/A$0$00%0.0200
December2006N/A$0$00%0.0190
Total13$210,930$205,62997.49%39.9206.81
January20071$239,000$203,50085.15%29.01919.00
February20073$286,800$273,33395.30%155.0144.67
March20071$239,000$239,000100.00%4.01111.00
April20071$295,000$275,00093.22%73.01212.00
May20076$221,583$219,25098.95%38.091.50
June20071$274,500$257,50093.81%101.077.00
July20071$179,999$151,00083.89%150.077.00
August20072$203,675$205,425100.86%4.084.00
September20071$165,000$145,00087.88%155.055.00
October20071$160,000$152,00095.00%21.044.00
November20071$175,900$165,00093.80%159.055.00
December20071$208,000$208,000100.00%20.044.00
Total20$220,705$207,83494.17%75.897.01
Total00%N/AN/AN/A
Total2005-200843$190,212$183,24796.34%54.884.00

Note:The "Current Inventory" column reflects the number of active listings on the market on the 31st day of each Month.The "Months of Inventory" column is equal to the "Current Inventory" divided by the "Monthly Sales". This reflects how many months it would take to sell out of inventory at the current month's rate of sale.

Little Silver, NJ - Real Estate Market Facts (condos only), Jan. 9, 2008

Sales and Inventory History

Wednesday, January 09, 2008
Category - Condominiums / Area: LIT - LITTLE SILVER / County: Monmouth
MonthYearMonthly SalesAvg ListPriceAvg Sale Price% Diff Sell/listAvg DOMCurr InventoryMonths Inventory
January20051$795,000$780,00098.11%86.066.00
February20051$479,000$470,00098.12%139.044.00
March2005N/A$0$00%0.040
April20052$659,900$649,95098.49%97.073.50
May20051$425,000$425,000100.00%98.01010.00
June2005N/A$0$00%0.070
July20051$875,000$855,00097.71%42.077.00
August20051$489,900$475,00096.96%67.088.00
September20052$612,500$602,50098.37%206.073.50
October20051$399,000$385,00096.49%182.055.00
November20052$467,450$447,50095.73%52.042.00
December20052$387,000$374,50096.77%108.052.50
Total14$558,975$546,44597.76%107.775.15
January2006N/A$0$00%0.060
February2006N/A$0$00%0.040
March20061$399,000$355,00088.97%12.033.00
April20062$802,000$775,00096.63%143.021.00
May2006N/A$0$00%0.060
June20066$659,615$638,75096.84%46.091.50
July20062$682,500$662,50097.07%36.0115.50
August2006N/A$0$00%0.0100
September20061$379,900$350,00092.13%104.099.00
October20061$495,000$475,00095.96%115.01212.00
November20062$604,900$589,25097.41%17.0115.50
December20062$373,500$356,00095.31%136.094.50
Total17$549,552$525,18895.57%76.1125.25
January2007N/A$0$00%0.0120
February2007N/A$0$00%0.0100
March20072$528,900$521,75098.65%24.094.50
April20072$531,500$518,50097.55%164.073.50
May20074$649,450$621,87595.75%108.071.75
June20072$829,900$800,00096.40%47.0105.00
July20071$749,900$735,00098.01%228.099.00
August20072$859,000$829,50096.57%202.0105.00
September20071$429,000$407,50094.99%49.01212.00
October2007N/A$0$00%0.0110
November2007N/A$0$00%0.0100
December2007N/A$0$00%0.080
Total14$653,950$633,44696.86%117.4165.82
Total00%N/AN/AN/A
Total2005-200845$440,619$426,27096.74%75.394.00

Note:The "Current Inventory" column reflects the number of active listings on the market on the 31st day of each Month.The "Months of Inventory" column is equal to the "Current Inventory" divided by the "Monthly Sales". This reflects how many months it would take to sell out of inventory at the current month's rate of sale.

--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORS®

Oceanport, NJ - Real Estate Facts (condos only), Jan. 9, 2008

Sales and Inventory History

Wednesday, January 09, 2008
Category - Condominiums / Area: OCP - OCEANPORT / County: Monmouth
MonthYearMonthly SalesAvg ListPriceAvg Sale Price% Diff Sell/listAvg DOMCurr InventoryMonths Inventory
January2005N/A$0$00%0.010
February2005N/A$0$00%0.010
March2005N/A$0$00%0.020
April2005N/A$0$00%0.030
May2005N/A$0$00%0.010
June20052$362,000$355,00098.07%78.010.50
July20052$417,450$406,00097.26%29.010.50
August20051$379,000$372,00098.15%16.022.00
September20051$384,500$380,00098.83%102.022.00
October2005N/A$0$00%0.030
November20051$385,000$365,00094.81%28.044.00
December2005N/A$0$00%0.040
Total7$385,590$375,60097.41%50.651.80
January2006N/A$0$00%0.050
February2006N/A$0$00%0.060
March2006N/A$0$00%0.060
April2006N/A$0$00%0.050
May2006N/A$0$00%0.050
June2006N/A$0$00%0.050
July2006N/A$0$00%0.050
August2006N/A$0$00%0.060
September2006N/A$0$00%0.060
October2006N/A$0$00%0.070
November20061$329,900$315,00095.48%47.044.00
December20063$359,600$345,55596.09%40.041.33
Total4$344,750$330,27895.80%43.5322.67
January2007N/A$0$00%0.040
February20071$375,000$352,00093.87%118.044.00
March2007N/A$0$00%0.050
April2007N/A$0$00%0.060
May2007N/A$0$00%0.080
June2007N/A$0$00%0.080
July20071$372,600$310,00083.20%22.088.00
August20071$399,900$380,00095.02%59.077.00
September2007N/A$0$00%0.070
October20071$346,400$332,50095.99%8.055.00
November20071$368,900$362,50098.27%167.066.00
December20071$259,000$222,00085.71%185.055.00
Total6$353,633$326,50092.33%93.2125.83
Total00%N/AN/AN/A
Total2005-200817$270,993$258,09495.24%47.0122.50

Note:The "Current Inventory" column reflects the number of active listings on the market on the 31st day of each Month.The "Months of Inventory" column is equal to the "Current Inventory" divided by the "Monthly Sales". This reflects how many months it would take to sell out of inventory at the current month's rate of sale.

--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORS

Red Bank, NJ - Real Estate Market Facts (condos only), Jan. 9, 2008

Sales and Inventory History

Wednesday, January 09, 2008
Category - Condominiums / Area: RED - RED BANK / County: Monmouth
MonthYearMonthly SalesAvg ListPriceAvg Sale Price% Diff Sell/listAvg DOMCurr InventoryMonths Inventory
January20054$285,825$270,72594.72%38.0164.00
February20055$303,640$298,70098.37%49.0173.40
March20053$339,300$327,66796.57%80.0206.67
April20057$282,471$279,57198.97%43.0223.14
May20059$349,044$338,42296.96%46.0222.44
June20055$379,600$370,80097.68%67.0244.80
July20054$411,225$392,33695.41%38.0276.75
August20056$372,800$359,16796.34%52.0294.83
September20055$349,858$342,40097.87%45.0346.80
October20058$316,850$306,48896.73%40.0394.88
November20052$293,500$295,000100.51%74.03115.50
December20056$400,017$381,94295.48%43.0325.33
Total64$340,344$330,26897.04%51.3265.71
January20064$351,250$332,50094.66%82.0369.00
February20063$363,300$351,66796.80%15.03712.33
March20064$409,724$391,25095.49%76.0399.75
April20063$258,000$251,16797.35%41.03612.00
May20066$369,900$353,33395.52%68.0416.83
June20069$374,022$362,88997.02%105.0535.89
July20068$582,100$561,81296.51%53.0526.50
August200610$605,530$589,40097.34%102.0535.30
September20064$777,006$771,39499.28%95.05112.75
October20062$249,900$248,75099.54%4.05326.50
November20064$255,975$245,25095.81%52.04912.25
December20064$235,675$220,62593.61%67.04210.50
Total61$402,699$390,00396.85%63.34510.80
January20075$215,280$208,08096.66%46.0499.80
February20077$416,029$386,92993.01%87.0466.57
March20073$286,333$278,33397.21%71.04715.67
April200710$292,150$279,92095.81%99.0505.00
May20076$320,300$307,06795.87%68.0488.00
June20079$424,189$394,50093.00%80.0576.33
July20075$310,280$297,00095.72%53.05210.40
August20074$320,950$311,50097.06%126.04711.75
September20071$599,000$595,00099.33%27.04949.00
October20073$339,000$317,00093.51%152.04013.33
November20075$331,500$307,80092.85%61.0336.60
December20074$233,225$218,68893.77%100.0348.50
Total62$340,686$325,15195.44%80.84612.58
Total00%N/AN/AN/A
Total2005-2008187$270,932$261,35696.47%48.8297.50

Note:The "Current Inventory" column reflects the number of active listings on the market on the 31st day of each Month.The "Months of Inventory" column is equal to the "Current Inventory" divided by the "Monthly Sales". This reflects how many months it would take to sell out of inventory at the current month's rate of sale.

--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORS®