Middlesex County NJ Real Estate Market Commentary for August 2009, New Jersey -Part I

Middlesex County NJ Real Estate Market Commentary - Part1

For Middlesex County, the number of new homes listed in August has slightly decreased compare to new homes listed in July. At 675 homes, it is lower than the average year to date of 705 homes listed per month. This is very positive for Middlesex County real estate market in general as we need to reduce the inventory to move into a more balanced / neutral market.
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has slightly decreased to 2675 homes for sale in Middlesex County following a high in April with 2874 homes for sale.

This month's absorption rate (368) or number of sold homes has decreased 11.54% versus last month. August absorption rate is almost identical with June (364). To put this number in perspective, January and February absorption rates averaged 165 homes sold. Buyers are definitely profiting from the grants, incentives available and the overall homes prices decrease. We should keep on seeing good numbers in September, October and November as the $8,000 tax credit end at the end of November.

Middlesex County NJ Real Estate Market Commentary - Part2 : Friday 09/18/2009
Cathy ChaudemancheMidldesex County NJ Real Estate Realtor

August Middlesex County New Jersey NJ Real Estate Statistics

August Middlesex County New Jersey NJ Real Estate Statistics
Please find below Real estate statistics for Middlesex County NJ for the month of August. Those Middlesex County Real Estate statistics have been calculated with raw data from the Middlesex County Multiple Listings System. Please see our disclaimer.
Middlesex County NJ Real Estate Statistics
August 2009
Previous Month
August 2008
Active Inventory
2675
2727(-1.90%)
N/A
New Homes Listed
675
678 (-0.44%)
676 (-0.14%)
Sold Homes
368
416(-11.54%)
412 (-10.67%)
Median Sold Price (MSP)
$330,000
$327,250 (+0.84%)
$370,000 (10.81%)
Average Sold Price (ASP)
$356,631
$353,886 (+0.77%)
$409,046 (-12.81%)
Sold Price/Asking Price (SP/AP)
95.00%
95.00%
95.00%
Days on Market (DOM)
73
76(-3.94%)
78 (-6.41%)
Days of Inventory (DOI)
226
203 (+11.33%)
N/A
Catherine "Cathy" ChaudemancheAssociate Realtor, Keller Williams RealtyMiddlesex County Market Center
Disclaimer: information deemed reliable but not guaranteed. Middlesex County MLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by Middlesex MLS may not reflect all real estate activity in the market.

You Internet Presence Model / Top Misconceptions - Class#1: "Plan your Internet Presence for real estate agents" Slide#6

You Internet Presence Model / Top Misconceptions - Class#1: "Plan your Internet Presence for real estate agents" Slide#6
Hello Rain Makers,
I was wondering if I could get your insight on this matter...I am preparing a few classes to help real estate agents in the office to plan and start their own internet presence. Nothing too technical, mostly going around basic principles, ideas and strategies.
This specific slide is about trying to clear up the misconcpetions about developing an internet presence for agents.
I think a lot of those misconceptions are coming from very misleading vendors outthere trying to sell whathever they have to sell (i.e. we will send you 10,000 visitors for $24.85...this is the type of traffic you should expect,, that easy, blahblahblah... )
Ok, I am going first, I think one of the biggest misconceptions outhere is thinking that an agent could develop his/her entire internet presence all for free...
What about you? what do you think are the biggest misconceptions in the internet area for real estate agents?
Rom Chaudemanche Plan your Internet Presence for real estate agents / Top Misconceptions

North Edison Real Estate and Homes for Sale in Edison New Jersey

North Edison real estate is located within the northern part of the city of Edison and the Edison Township. It is bordered on the south by Metuchen, on the north by Scotch Plain, on the west by South Plainfield and on the east by Woodbridge. North Edison NJ zip code is 08820. Other zip codes for Edison are 08837 and 08817. 08820 real estate includes North Edison homes for sale but also North Edison townhouses for sale and North Edison condos for sale.The following statistics are for North Edison Real Estate only, for Edison homes sold; Edison condos and townhouses sold combined for 2008. Data is from the Middlesex County Multiple Listing System.
North Edison Properties
Properties median price
Properties sold
Minimum property price
Maximum property price
Days on market
Sold price / List price
North Edison Homes
$512,000
187
$240,900
$1,235,000
75
94%
North Edison Townhouses & North Edison Condos
$340,000
129
$227,000
$515,000
55
96%
Catherine "Cathy" ChaudemancheRealtor Associate / Keller Williams RealtyEdison Real Estate

Benefits of a successful internet presence for real estate agent. Class#1: "Plan your Internet Presence" Slide#2

Benefits of a successful internet presence for real estate agent. Class#1: "Plan your Internet Presence" Slide#2

I was wondering if I could get your insight on this matter...I am preparing a few classes to help real estate agents in the office to plan and start their own internet presence. Nothing too technical, mostly going around basic principles, ideas and strategies.
This specific slide is about the benefits of a successful internet presence for real estate agents. I am going to start with from my experience what I consider to be one of the smallest benefits but still a subsequent benefit from a well planned internet presence:- Adding value to our existing sphere (by providing various canned reports such as school reports, city or community reports, direct access to local MLS...).

So, what about you, what do you consider to be the main benefits from your internet presence?

Rom Chaudemanche Plan your Internet Presence

condos for sale in Piscataway NJ

Condos for sale in Piscataway NJ

Most communities in Piscataway such as Canterbury, Society Hill, Birch Glen, Maple Grove, Starpoint, etc...are condo or condominium communities. Condos for sale in Piscataway can be of one level, with or without basement; 2 levels or 3 levels (usually described as townhouses) and with or without attached garage, deck, patio, etc...

There are few very well located condos and townhouses communities in Piscataway, New Jersey. In addition of being conveniently located, Piscataway condos for sale may offer some of the following amenities: outdoor swimming pool, clubhouse, playground, tennis courts, walking and jogging paths, etc...in a professionally landscaped, park-like setting environment.

If you are looking to buy your very own condo for sale in Piscataway New Jersey, contact me now

Piscataway Homes for Sale

Catherine "Cathy" Chaudemanche Keller Williams Elite Realty 732-616-6700
311 Roosevelt Avenue, Piscataway, NJ
Spacious Colonial Piscataway Home on Large Corner Lot - Welcome Home !!
4BR/1.5BA Single Family House
offered at $395,000
Year Built
1964
Sq Footage
1,904
Bedrooms
4
Bathrooms
1 full, 1 partial
Floors
2
Parking
Unspecified
Lot Size
17,998 sqft
HOA/Maint
Piscataway Condos for Sale
DESCRIPTION
Well maintained large colonial Piscataway home on oversized corner lot. New carpeting throughout the second floor and freshly paint, updated baths. Roof, CAC, windows & siding within 5yrs.Formal dining room, large living room. Eat-in kitchen with brand new built-in microwave, flooring and countertop. Large family room with fireplace, high vaulted ceiling and skylight window.Large master bedroom on the second floor with 3 other bedrooms. All bedrooms have large closets. Plenty of storage and closets. Unfinished basement, large 2 cars garage. Large patio in the back to enjoy the summer. Mature trees, many flowers, green, green, green, new sidewalk…1 year HMS home warranty for your piece of mind (HMS home warranty paid by seller at closing)!! Conveniently located, this Piscataway home is close to Park, schools and major highways…The best of both worlds!!Piscataway in Middlesex County, New Jersey was voted 23rd out of the top 100 best places to live in the US by Money magazine in 2008. Looking to buy Piscataway real estate in New Jersey? Let me help you, I specialize in Piscataway real estate.
see additional photos below
PROPERTY FEATURES
- Central A/C
- Central heat
- Fireplace
- High/Vaulted ceiling
- Tile floor
- Family room
- Living room
- Office/Den
- Dining room
- Dishwasher
- Refrigerator
- Stove/Oven
- Microwave
- Basement
- Washer
- Dryer
- Balcony, Deck, or Patio
- Yard
ADDITIONAL PHOTOS
Photo 1
Photo 2
Photo 3
Photo 1
Photo 2
Photo 3
Contact info:
Catherine "Cathy" Chaudemanche
Keller Williams Elite Realty
732-616-6700
For sale by agent/broker
Equal Opportunity Housing
Posted: Aug 31, 2009, 1:34pm PDT