The November sales statistics are in, and we now have 11 full months which we can compare to the same period in 2010. Breaking it down town by town, here are the numbers:
|Town||Type||Year||Closed||Median $||% Change|
As you can see, the median price of single-family homes has decreased in every town. The smallest decrease (1.4%) was in Fair Haven, followed by a 3.4% decrease in Oceanport and a 3.6% decrease in Rumson. Median prices of single family homes Little Silver, Monmouth Beach and Red Bank decreased by 12.7%, 12.6%and 13.5% respectively. To me, there were too few sales of single family homes in Sea Bright to draw any meaningful conclusions.
Median prices of condominiums decreased in all of our local towns, with Little Silver losing only 9.6%, but Monmouth Beach, Red Bank and Sea Bright condos decreasing by 23.7%, 26.4% and 23.3%.
In the next week or two we’ll look at what happened in each town quarter by quarter.
Leonard “Len” Dunikoski, SRES
Diane Turton Realtors- Rumson Office
8 West River Road
Rumson, NJ 07760
(732) 530-6686 (office)
(732) 239-0739 (cell)