Colts Neck Real Estate Prices Climb Dramatically
In November, we saw Colts Neck real estate prices increased dramatically. Throughout 2012, like many markets, the median “list” price for Colts Neck real estate had been quite a bit higher than the median “sold” price. That reflected a stronger mid-price range market for home sellers than the higher-tier luxury market. As a REALTOR I can attest to 2012 being a great year for the Colts Neck real estate market.
September marked an interesting turning point. With the Fall market, we saw the Median Sold Price cross over the Median List Price here in town. That represents a return of buyers for the luxury Colts Neck homes. That’s great news for sellers of Colts Neck real estate, specifically single family homes.
Colts Neck Sales Price vs. Listing Price Spread
More specifically, the Median Sold Price in November climbed to over $1,400,000, while the Median List Price in November for single family homes in Colts Neck was $969,900. The list prices dropped by -2.52%from the previous month. The price per square foot for listings in this area is $284. This all means that sellers are more realistic with their asking prices, and buyers, including luxury buyers are buying. Here’s the reference and more information on Colts Neck real estate sales and inventory trends.
Thinking about selling your home in Colts Neck or buying a Colts Neck property, give me a call at 201-315-9157.
Your Colts Neck Real Estate Expert,
D.J. Ten Hoeve