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Ventnor NJ Real Estate Market Update YTY Comparison as of 09.17.2008
September 17th, 2008 9:07 AM

RE = Residential

LD = Land

CI = Commercial

MF = Multi-Family

CN = Condominium

DOM = Days on Market

Market Statistics All MLS
Statistics for: Class=RE,LD,CI,MF,CN,RN AND Date Range=08/01/2007-08/31/2008 AND Area=Ventnor NJ AND Board=-1; As Of: 9/17/2008
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 452 $626,411 163
RE All 217 $820,382 152
RE 1 bedroom 2 $813,850 203
RE 2 bedroom 15 $367,613 121
RE 3 bedroom 90 $460,081 148
RE 4 bedroom 47 $815,219 148
RE 5 bedroom 63 $1,446,958 167
LD All 35 $686,420 215
CI All 14 $785,635 205
MF All 73 $486,013 173
CN All 113 $306,303 156
CN 1 bedroom 40 $257,544 139
CN 2 bedroom 50 $270,304 172
CN 3 bedroom 18 $431,138 152
CN 4 bedroom 5 $606,960 149
CN 5 bedroom 0 $0 0
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 893 213 23.85% $507,447 $455,125 89.69% 123 $614,179 40.65%
RE All 444 112 25.23% $657,854 $590,718 89.79% 105 $830,697 34.01%
RE 1 bedroom 6 1 16.67% $325,900 $325,900 100.00% 129 $478,250 33.33%
RE 2 bedroom 28 12 42.86% $289,825 $261,250 90.14% 61 $446,678 28.57%
RE 3 bedroom 181 49 27.07% $366,144 $338,689 92.50% 109 $418,888 33.70%
RE 4 bedroom 88 26 29.55% $745,992 $663,230 88.91% 120 $911,542 29.55%
RE 5 bedroom 141 24 17.02% $1,355,791 $1,202,491 88.69% 103 $1,307,859 38.30%
LD All 53 1 1.89% $399,900 $300,000 75.02% 383 $690,903 26.42%
CI All 23 8 34.78% $461,575 $422,375 91.51% 199 $522,508 43.48%
MF All 141 22 15.60% $414,450 $363,977 87.82% 130 $544,946 52.48%
CN All 232 70 30.17% $302,802 $272,782 90.09% 137 $289,508 49.14%
CN 1 bedroom 96 36 37.50% $250,472 $228,013 91.03% 126 $228,939 36.46%
CN 2 bedroom 91 28 30.77% $323,292 $284,367 87.96% 149 $271,806 58.24%
CN 3 bedroom 38 4 10.53% $519,750 $486,250 93.55% 134 $438,071 55.26%
CN 4 bedroom 7 2 28.57% $524,000 $489,500 93.42% 167 $391,633 71.43%
CN 5 bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Market Statistics All MLS
Statistics for: Class=RE,LD,CI,MF,CN,RN AND Date Range=08/01/2006-08/31/2007 AND Area=Ventnor NJ AND Board=-1; As Of: 9/17/2008
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 452 $626,411 163
RE All 217 $820,382 152
RE 1 bedroom 2 $813,850 203
RE 2 bedroom 15 $367,613 121
RE 3 bedroom 90 $460,081 148
RE 4 bedroom 47 $815,219 148
RE 5 bedroom 63 $1,446,958 167
LD All 35 $686,420 215
CI All 14 $785,635 205
MF All 73 $486,013 173
CN All 113 $306,303 156
CN 1 bedroom 40 $257,544 139
CN 2 bedroom 50 $270,304 172
CN 3 bedroom 18 $431,138 152
CN 4 bedroom 5 $606,960 149
CN 5 bedroom 0 $0 0
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 895 231 25.81% $577,461 $516,429 89.43% 113 $646,649 35.08%
RE All 426 121 28.40% $785,601 $694,571 88.41% 114 $886,347 33.33%
RE 1 bedroom 6 0 0.00% $0 $0 0.00% 0 $254,950 16.67%
RE 2 bedroom 30 11 36.67% $250,627 $224,409 89.54% 164 $339,716 26.67%
RE 3 bedroom 175 54 30.86% $407,262 $376,979 92.56% 92 $477,348 34.29%
RE 4 bedroom 100 29 29.00% $886,289 $783,137 88.36% 114 $888,495 34.00%
RE 5 bedroom 115 27 23.48% $1,652,085 $1,426,174 86.33% 137 $1,616,238 33.91%
LD All 18 3 16.67% $924,633 $668,333 72.28% 155 $787,066 38.89%
CI All 20 6 30.00% $255,616 $233,750 91.45% 93 $442,821 70.00%
MF All 156 23 14.74% $462,326 $420,608 90.98% 112 $522,164 35.90%
CN All 275 78 28.36% $299,930 $284,239 94.77% 111 $316,549 34.55%
CN 1 bedroom 107 27 25.23% $239,674 $219,848 91.73% 107 $274,992 33.64%
CN 2 bedroom 124 37 29.84% $311,454 $293,331 94.18% 126 $303,253 35.48%
CN 3 bedroom 36 12 33.33% $401,216 $402,625 100.35% 71 $430,956 36.11%
CN 4 bedroom 8 2 25.00% $292,500 $275,000 94.02% 140 $425,950 25.00%
CN 5 bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%


Posted by Fred Nahas on September 17th, 2008 9:07 AMPost a Comment (0)

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Atlanitc City NJ Real Estate Market Update YTY Comparison as of 09.17.2008
September 17th, 2008 9:03 AM

RE = Residential

LD = Land

CI = Commercial

MF = Multi-Family

CN = Condominium

DOM = Days on Market

Market Statistics All MLS
Statistics for: Class=RE,LD,CI,MF,CN,RN AND Date Range=08/01/2007-08/31/2008 AND Area=Atlantic City NJ AND Board=-1; As Of: 9/17/2008
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 962 $683,913 175
RE All 291 $511,237 158
RE 1 bedroom 2 $149,000 49
RE 2 bedroom 26 $260,052 190
RE 3 bedroom 173 $343,806 156
RE 4 bedroom 61 $584,477 147
RE 5 bedroom 29 $1,606,175 174
LD All 133 $1,099,162 243
CI All 74 $2,863,575 274
MF All 132 $466,533 187
CN All 332 $269,514 137
CN 1 bedroom 195 $191,330 132
CN 2 bedroom 80 $376,753 138
CN 3 bedroom 53 $359,530 142
CN 4 bedroom 4 $743,475 253
CN 5 bedroom 0 $0 0
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 1,734 305 17.59% $298,334 $264,238 88.57% 113 $499,824 49.54%
RE All 564 104 18.44% $293,907 $263,366 89.61% 94 $434,421 52.13%
RE 1 bedroom 4 0 0.00% $0 $0 0.00% 0 $259,666 75.00%
RE 2 bedroom 44 12 27.27% $159,154 $145,333 91.32% 121 $249,389 52.27%
RE 3 bedroom 333 66 19.82% $216,883 $201,276 92.80% 91 $331,050 51.35%
RE 4 bedroom 117 13 11.11% $522,353 $447,376 85.65% 83 $550,472 44.44%
RE 5 bedroom 66 13 19.70% $580,892 $503,538 86.68% 96 $795,661 68.18%
LD All 159 26 16.35% $168,700 $125,426 74.35% 91 $640,247 38.36%
CI All 116 8 6.90% $830,862 $712,687 85.78% 89 $1,919,820 49.14%
MF All 232 27 11.64% $266,262 $245,485 92.20% 85 $464,118 61.64%
CN All 663 140 21.12% $301,453 $268,657 89.12% 138 $279,264 45.85%
CN 1 bedroom 393 98 24.94% $222,704 $199,051 89.38% 144 $209,970 54.96%
CN 2 bedroom 176 32 18.18% $425,431 $391,296 91.98% 124 $355,310 38.64%
CN 3 bedroom 89 9 10.11% $563,300 $468,166 83.11% 111 $401,329 21.35%
CN 4 bedroom 5 1 20.00% $1,695,000 $1,370,000 80.83% 185 $1,094,950 20.00%
CN 5 bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Market Statistics All MLS
Statistics for: Class=RE,LD,CI,MF,CN,RN AND Date Range=08/01/2006-08/31/2007 AND Area=Atlantic City NJ AND Board=-1; As Of: 9/17/2008
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 962 $683,913 175
RE All 291 $511,237 158
RE 1 bedroom 2 $149,000 49
RE 2 bedroom 26 $260,052 190
RE 3 bedroom 173 $343,806 156
RE 4 bedroom 61 $584,477 147
RE 5 bedroom 29 $1,606,175 174
LD All 133 $1,099,162 243
CI All 74 $2,863,575 274
MF All 132 $466,533 187
CN All 332 $269,514 137
CN 1 bedroom 195 $191,330 132
CN 2 bedroom 80 $376,753 138
CN 3 bedroom 53 $359,530 142
CN 4 bedroom 4 $743,475 253
CN 5 bedroom 0 $0 0
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 1,772 442 24.94% $341,856 $306,350 89.61% 100 $491,118 42.04%
RE All 596 157 26.34% $272,425 $248,440 91.20% 78 $455,515 42.28%
RE 1 bedroom 5 2 40.00% $169,000 $150,000 88.76% 77 $210,500 80.00%
RE 2 bedroom 54 27 50.00% $241,344 $218,622 90.59% 106 $297,146 48.15%
RE 3 bedroom 348 98 28.16% $213,811 $198,491 92.83% 67 $355,117 38.51%
RE 4 bedroom 116 18 15.52% $503,566 $448,877 89.14% 74 $658,887 46.55%
RE 5 bedroom 73 12 16.44% $491,566 $439,195 89.35% 111 $743,834 46.58%
LD All 143 31 21.68% $178,777 $123,616 69.15% 128 $526,010 48.25%
CI All 92 24 26.09% $961,825 $851,754 88.56% 140 $1,507,975 51.09%
MF All 262 48 18.32% $574,354 $503,752 87.71% 96 $479,864 51.91%
CN All 679 182 26.80% $286,454 $263,448 91.97% 111 $345,465 35.49%
CN 1 bedroom 425 121 28.47% $223,782 $205,509 91.83% 116 $240,193 36.00%
CN 2 bedroom 171 48 28.07% $360,072 $335,437 93.16% 97 $405,526 38.60%
CN 3 bedroom 77 12 15.58% $506,116 $467,916 92.45% 110 $586,714 27.27%
CN 4 bedroom 6 1 16.67% $1,700,000 $1,365,000 80.29% 167 $1,194,333 16.67%
CN 5 bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%


Posted by Fred Nahas on September 17th, 2008 9:03 AMPost a Comment (0)

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Ocean City HomeBank Interest Rates as of 09.04.2008
September 8th, 2008 8:23 AM

Don’t miss the Bus!

Rates are down again!Apply on-line at www.ochome.com by midnight on Sunday and hold on to these rates!

It’s Easy! Just click on the on-line mortgage center box then Apply Now and follow the steps.

(Remember to click on Josie Henry and I’ll be sure to quickly get back to you.)

Questions?  ANYTIME CELL: 609-226-1040

Call me for the Best Jumbo Rates around!

Payment and APR based on current index and the following prepaid items: $225 Origination fee, $325 Appraisal fee, $75 Tax Service fee, $10 Flood Cert. fee, $300 Settlement fee, $50 Courier fee & 29 days of interest.Program Rate Points APR $100,000 Payment

30 Year Fixed Up to $417,000 6.125% 0 6.255% P&I: $607.62

5.875% 1 6.098% P&I: $591.54

Interest First (120/240) 6.375% 0 6.495% Int. Only: $531.25

1st Time Home Buyer 5.875% 0 6.003% P&I: $591.54

Investment Property 6.625% 0 6.759% P&I: $640.32

JUMBO $417,001 to $1,000,000 6.375% 0 6.507% P&I: $623.87

JUMBO $1,000,001to $1,250,000 6.500% 0 6.633% P&I: $632.07

15 Year Fixed 5.625% 0 5.838% P&I: $823.74

5.375% 1 5.744% P&I: $810.47

5/1 ARM 5.875% 0 6.003% P&I: $591.54

(Caps:2/5 Margin:3.00%) 5.625% 1 5.845% P&I: $575.66

Interest First (60/300) 6.125% 0 6.235% Int. Only: $558.96

JUMBO $417,001 to $1,000,000 6.125% 0 6.255% P&I: $607.62

7/1 ARM 6.000% 0 6.129% P&I: $599.56

(Caps:5/2/5 Margin:3.00%) 5.875% 1 6.098% P&I: $591.54

Interest First (84/276) 6.250% 0 6.361% Int. Only: $567.74

JUMBO $417,001 to $1,000,000 6.250% 0 6.381% P&I: $615.72

3 Year ARM 5.750% 0 6.065% P&I: $583.58

(Caps:2/6 Margin:3.00%) 5.500% 1 6.094% P&I: $567.79

Rates apply for PRIMARY, SECONDARY & DUPLEX add .50% for INVESTMENT.Pre-Approved Condotels: Prim/Sec add .25% for Invest add .50% to Invest rate.Minimum Down Payment: Primary 5%; Secondary Homes 10%; Investment: 20%ABOVE RATES ARE AVAILABLE FOR BORROWERS W IT H EXCELLENT CRED IT HISTORY. ACTUAL INTEREST RATE AND FEES WILL BE BASED ON CRED IT HISTORY.

Josie Henry

Mortgage Account Executive

Over 10 Years of Service

Formerly Underwriter/AVP of Mortgage Lending

Always FREE Pre-qualification

1-800-771-7990 Ext. 1124

FAX: 609-398-6670 (24hrs.7days a week)

EMAIL: jhenry@ochome.com

ANYTIME CELL: 609-226-1040

I’ll be there for you!

 

OCHB Fees Only $735.00

$100.00 Application Fee

$325.00 Appraisal Fee

$225 Flat Orig. Fee

$75.00 Tax Service Fee

10.00 Flood Cert. Fee

$735.00 Total

Did You Know?......................................................Ocean City Home Bank Offers:

Construction to Permanent Financing with 1X closing. Lock-in NOW for end loan rate.

Same low rates for residential units in commercial mixed use complex.

6 month or 12 month lock-in on NEW Construction.

40 Year Mortgages.

Special Program for Low to Moderate Income homebuyers!

1031 Tax Deferred exchange on 2nd home or Reverse 1031 exchange OK!

Construction Only & Land Only Financing OK!

Second Home Duplex-Rental Income OK! – No Heat OK!

Bi-Weekly available! Same Rate and NO Fees!

Duplex, Triplex or Quad as Second Home OK!

LLC, Trust or Partnership ownership OK!

Interest Only Bridge Loans available!

COMMERCIAL LOANS including mortgage terms up to 25 years; Installment loans;

Line of Credit; Construction loans and Equipment Leasing all available!

IN HOUSE UNDERWRITING FOR QUICK APPROVAL!

We also service all of our loans!

 


Posted by Fred Nahas on September 8th, 2008 8:23 AMPost a Comment (0)

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Longport NJ Real Estate Market Update YTY Comparison as of 09.04.2008
September 4th, 2008 11:33 PM

RE = Residential

LD = Land

CI = Commercial

MF = Multi-Family

CN = Condominium

DOM = Days on Market

Market Statistics All MLS
Statistics for: Class=RE,LD,CI,MF,CN,RN AND Date Range=08/01/2007-08/31/2008 AND Area= Longport NJ AND Board=-1; As Of: 9/4/2008
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 86 $1,977,449 174
RE All 55 $2,575,689 151
RE 1 bedroom 1 $625,000 157
RE 2 bedroom 0 $0 0
RE 3 bedroom 15 $1,295,666 161
RE 4 bedroom 18 $1,763,444 124
RE 5 bedroom 21 $4,279,090 167
LD All 10 $1,322,390 113
CI All 0 $0 0
MF All 0 $0 0
CN All 21 $722,566 262
CN 1 bedroom 9 $375,111 261
CN 2 bedroom 4 $834,250 226
CN 3 bedroom 8 $1,057,612 282
CN 4 bedroom 0 $0 0
CN 5 bedroom 0 $0 0
RN All 0 $0 0
RN 1 bedroom 0 $0 0
RN 2 bedroom 0 $0 0
RN 3 bedroom 0 $0 0
RN 4 bedroom 0 $0 0
RN 5 bedroom 0 $0 0
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 140 34 24.29% $1,610,494 $1,415,867 87.92% 129 $1,655,540 20.71%
RE All 91 17 18.68% $2,143,935 $1,882,088 87.79% 125 $1,835,601 20.88%
RE 1 bedroom 1 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 2 bedroom 1 1 100.00% $2,375,000 $2,150,000 90.53% 100 $1,224,950 0
RE 3 bedroom 27 4 14.81% $894,500 $831,250 92.93% 110 $839,427 29.63%
RE 4 bedroom 29 4 13.79% $2,046,250 $1,786,250 87.29% 128 $1,542,176 17.24%
RE 5 bedroom 33 8 24.24% $2,788,612 $2,421,937 86.85% 134 $2,801,228 18.18%
LD All 14 3 21.43% $3,143,333 $2,636,666 83.88% 152 $3,216,500 7.14%
CI All 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
MF All 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
CN All 35 14 40.00% $634,278 $588,142 92.73% 130 $762,952 25.71%
CN 1 bedroom 14 6 42.86% $276,150 $256,083 92.73% 76 $349,290 28.57%
CN 2 bedroom 9 4 44.44% $781,000 $713,000 91.29% 186 $877,250 11.11%
CN 3 bedroom 12 3 25.00% $901,333 $853,500 94.69% 60 $1,171,777 33.33%
CN 4 bedroom 0 1 0.00% $1,395,000 $1,285,000 92.11% 452 $0 0.00%
CN 5 bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Market Statistics All MLS
Statistics for: Class=RE,LD,CI,MF,CN,RN AND Date Range=08/01/2006-08/31/2007 AND Area= Longport NJ AND Board=-1; As Of: 9/4/2008
 
Class Bedrooms Current Active Avg List Price Avg DOM
All All 86 $1,977,449 174
RE All 55 $2,575,689 151
RE 1 bedroom 1 $625,000 157
RE 2 bedroom 0 $0 0
RE 3 bedroom 15 $1,295,666 161
RE 4 bedroom 18 $1,763,444 124
RE 5 bedroom 21 $4,279,090 167
LD All 10 $1,322,390 113
CI All 0 $0 0
MF All 0 $0 0
CN All 21 $722,566 262
CN 1 bedroom 9 $375,111 261
CN 2 bedroom 4 $834,250 226
CN 3 bedroom 8 $1,057,612 282
CN 4 bedroom 0 $0 0
CN 5 bedroom 0 $0 0
RN All 0 $0 0
RN 1 bedroom 0 $0 0
RN 2 bedroom 0 $0 0
RN 3 bedroom 0 $0 0
RN 4 bedroom 0 $0 0
RN 5 bedroom 0 $0 0
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 132 53 40.15% $1,478,501 $1,323,698 89.53% 140 $1,189,432 27.27%
RE All 78 36 46.15% $1,642,855 $1,472,819 89.65% 157 $1,580,356 26.92%
RE 1 bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 2 bedroom 4 2 50.00% $1,507,000 $1,362,500 90.41% 135 $696,400 75.00%
RE 3 bedroom 20 12 60.00% $855,825 $764,833 89.37% 163 $1,139,422 25.00%
RE 4 bedroom 20 9 45.00% $1,470,988 $1,321,111 89.81% 118 $1,460,687 35.00%
RE 5 bedroom 34 13 38.24% $2,509,230 $2,248,346 89.60% 183 $2,316,278 17.65%
LD All 8 5 62.50% $2,470,600 $2,184,800 88.43% 137 $992,666 37.50%
CI All 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
MF All 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
CN All 46 12 26.09% $572,066 $517,541 90.47% 91 $574,233 26.09%
CN 1 bedroom 24 5 20.83% $284,380 $260,600 91.64% 62 $314,166 37.50%
CN 2 bedroom 10 5 50.00% $623,580 $566,000 90.77% 122 $626,600 20.00%
CN 3 bedroom 12 2 16.67% $1,162,499 $1,038,750 89.35% 83 $1,094,114 8.33%
CN 4 bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
CN 5 bedroom 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

                                                                      


Posted by Fred Nahas on September 4th, 2008 11:33 PMPost a Comment (0)

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