April 14, 2024
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April 14, 2024
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Linking Northern and Central NJ, Bronx, Manhattan, Westchester and CT

Ruby’s Report on Real Estate Trends

OK, so by now we’re almost, I say almost, done with enduring the heat, surviving torrential rains and lucky if your car wasn’t washed away along with it, welcoming the children back with anticipation and excitement while not sure what you like better—the liveliness of your family back or the quiet, serene space you enjoyed with guilt of liking it too much!.

So getting back to the hectic, “fun” routine with the Yomim Tovim and school attendance just around the corner, you have to wonder who has time to think about housing needs? Well, we all do, since that it is the most important venue of our daily lives. Take a moment to digest the June report of monthly indicators and you’ll be back in full swing of real estate interest, whether you need it or not.

June 2018 market trends reflect single-family closed sales down 5.4 percent to 1,291, while the single median sales price increased 4.1 percent to $468,500. In comparison, townhouse-condo closed sales were down 4.3 percent to 424, and adult communities down 34.8 percent to 15. Townhouse-condo median sales price decreased 2.6 percent to $340,000, while adult communities median sales price actually increased 18.0 percent to $360,000.

Overall, Indicators reflect sales and new listings to finish the summer on the upswing. This is all a culmination of encouraging signs in an already healthy marketplace. And when you are ready to take the plunge, you won’t be sorry! Home is where the heart is!

Ruby Kaplan is a realtor with V & N Group LLC, licensed in both New Jersey and New York. Her passion is to help people meet their housing needs and goals. Having bought, sold and built homes, she has acquired an expertise to represent both sellers and buyers. She is sensitive to her clients’ needs and has a driven commitment to oversee all her transactions with honesty, integrity, knowledge and dedication. Ruby can be reached at her office at 201-692-3700, at the company’s website at www.vera-nechama.com, on her cell at 917-576-4177 or at [email protected].

 

By Ruby Kaplan

 

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