Got your attention? As gathered from listings in the Monmouth MLS (Multiple Listing)
1. Single family homes in AP YTD - no change. 19 home single family homes sold. Avg home was in the $200-$250,000 price range (12) 2. Condos - 43 sold YTD (most in the $100-150,000) range. The 200% increase YTD sales were in the $400-$449,000 range. (2009 1 was sold, this year 3 sold in this price range YTD). Overall, an INCREASE in sales/rentals - as for those entered and closed via the MLS services. Average days a house is on the market - 108. There's a 2 year supply of houses on the market - in AP. The Avg list price is $289,000 - avg sale price around $260,000.... median $220,000.... These stats are from Sept 2009 to current date and only include numbers gathered from Monmouth MLS. So what does this all mean? Nothing - unless you purchased high - or maybe not. The truth about buying real estate is - make your own decision. Prices will NOT always go up. You will NOT always cover your mortgage taxes and expenses. Real estate is only a good investment when you have POSITIVE CASH FLOW or if you can carry and sell for MORE then what you paid - and with no headaches along the way. There's an old saying to making money (or more): - Buy low, sell high. - Inherit. Hopefully with no debt. That's one of the secrets to obtaining wealth. - It's not your realestate agent's money - it's yours. I get so tired of reading garbage in the papers or the NAR (National association of realtors fluff). Actually, they started reporting more of the truth. So - you can print a headline "Home sales in Asbury Park continue to rise...despite the rest of the US..." I didn't go into actual value comparisons. ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com <*> To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/