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ally the single family sub-division that borders Colts Neck and Freehold Township on Route 537 is called “The Grande.”

It’s taken me three years about blogging about Colts Neck real estate for sale to consider some folks unfamiliar with the association are typing  ”the grand” into their search engine.

So don’t drop the “E.”

The Grand or the Grande, let’s talk Colts Neck NJ homes for sale. What’s for sale in the Grande?

ACTIVE MLS LISTINGS THE GRANDE, COLTS NECK NJ

  • Three bedroom Alexandra model for $459,000 on Kensington Pass.
  • Three bedroom Alexandra for $515,000 on Exeter Pass.
  • Four bedroom Claremont model for $589,000 on Ireton Key.
  • Four bedroom Darby model for $569,000 on Queens Pass.
  • Three bedroom Alexandra for $565,000 on Armistead Key.

Property taxes in the Grande (or the Grand) range from $6,800 for a three bedroom single family, detached Colts Neck home to $7,900 for a four bedroom model.  This blog will explain the differences between the Grande models: Alexandra, Claremont, Darby.

CLOSED SALES THE GRANDE, COLTS NECK NJ

Sales data for the last six months:

  • 1/7/2010 #4 Nicholson Key closed for $450,000. This three bedroom, three bath Calremont model offered a finished basement and expanded deck. Listed and marketed by Weichert Realtors of Holmdel.
  • 12/15/2009 #4 Oxford Key closed for $495,000. This four bedroom, four bath Alexandra model offered two fireplaces, hardwood floors and many extras. Listed and marketed by Weichert Realtors of Holmdel.
  • 12/9/2009 #10 Kensington Pass closed for $520,000. This four bedroom, three bath Darby model offered stainless steel appliances, marble floors and countertops.

Click HERE to preview all the Colts Neck NJ Homes for Sale listed in the Monmouth County MLS.

Interested in buying or selling a Colts Neck home in the Grand? Or the Grande? Call Andrew today at (732) 580-0822 or E-MAIL ANDREW.

Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733

Office (732) 946-9400 and Mobile (732) 580-0822

(c) Copyright, 2010. Andrew J. Lenza, All Rights Reserved

Members, Monmouth & Ocean County MLS and Middlesex County MLS

Want to search properties like a local Real Estate Agent anytime you want?

Click HERE

to join Listingbook for the insider advantage!

My wife is a Victorian era buff. She doesn’t use e-mail or voice mail. She did go to our friend and local printer, Dennis McGinnis of Red Bank, for a bunch of frilly, lavender calling cards years ago. It’s not unusual for Liz to drive by a friend’s house and slip one of her relics in a mailbox or the crease of a storm door with a note.

“I dropped by to say hello. Call me when you can.”

The response rate? 100%.

Compared to me, a local real estate agent, who can flood his Sphere-of-Influence with teaser e-mails and get a single response: The economic minister of Nigeria who needs a pittance of my money in exchange of a majority stake in a diamond mine worth an estimated $100,000,000 U.S. dollars.

I’ve purchased a few off-the-shelf websites in my day. Static cyber flags that barely ruffle a week after product launch. My website is probably designed by the nephew of the dude who staged the lunar landing outside Scottsdale, Arizona.

Dead sticks of advertising just floating in an infinity of 0′s and 1′s.

I’m just not that into learning S.E.O. and keyword and html and back links, forward links, sausage links.

That’s why when I come across a website that really combines the intimacy of Liz’s purple missives with the naked power of Intel and Google and the Internet rolled up into a content pipe-bomb, then I have to step back and applaud the author.

I’ve never been to Oregon. The closest I’ve got is Oregano. Little secret that Christopher Columbus’ second cousin Frankie discovered Oregon when he made a wrong turn on his way to pick up a large cheese in China.

Melina Tomson of Tomson Burnham has got it going on over at The Get Real Estate Blog. (Agreed, it’s a weak ass title for her website but the guts are mad nitro.)

A rich, textured site written by a savvy yet genuine real estate broker.

Chinook Estates looks swanky and I doubt I can keep my pinkies up for that long. I’m more the cranky dog walker you’ll find picking his trouser seat in Salem’s Historic District.

Never met the woman. Never talked to her on the phone and it’s too far for me to drive and stick a mauve Hallmark in her mailbox. I know she burns when she bakes.

But she knows her real estate and the technology to support her Salem, Oregon clients. Am I jealous?  I mean perhaps.

If I was into all that geek stuff.

Behind the oil furnace of 83 Woodward Avenue lay a corner so sooty, cob-webbed and musty we rarely dared to crawl back there.  My father forbade it, said we risked getting jammed or worse — forgotten.  Today, it’s still the scariest place I’ve ever experienced, right underneath the dining room floor boards the rubber toes of our Converse sneakered feet barely scraped.

But if you were playing Hide-and-Seek against four siblings and the day’s Champion won an extra helping of Cool Whip and raspberry red Jello, then you crawled back there. You curled up in a small ball, scraped your elbows against the concrete foundation and tried not to smell cat pee.

You heard feet rustle outside the room, the damper lid clank up and down when the oil-sucking behemoth chortled, dipping its iron beak into the tank line.

Then silence.

They stopped looking for you.  Too creepy.  An hour later you crawled out of that hole victorious.

How My Childhood Memory Relates to Real Estate Today

For the naysaying real estate agent Social Media is the ominous furnace that swallows children.

The knock on Facebook, Twitter, Linked-In — these are just fanciful Internet games real estate agents indulge in to avoid earning the old fashioned way.  Frivolous portals the lazy and shiftless wile away peak work hours.

Not so.  I can’t imagine how one would succeed in Holmdel New Jersey real estate without these tools.

What is the daily goal of a salesman?  To book appointments. There’s no wrong way to book appointments.It took me a few years of selling real estate to exit the “Hiding” phase and enter the “Seeking” phase.  Finding buyers, finding sellers, finding referrals, finding properties. That’s what real estate agents do.

We find. The seller instructs us to “find” a buyer. The buyer instructs us to “find” a bargain.

Realtors without an Internet presence aren’t even in today’s digital Hide-and-Seek.  Remember the stakes are bigger than an extra scoop of aerosol cream.

Forty three percent of Internet users who accessed my latest Virtual Access Tour for a Sleepy Hollow Freehold Township MLS Listing were referred by Internet applications I use to interact with

my personal network.

Social media outlets empower savvy Realtors to maximize the old adage:  It’s who you know.

The other 57% of homebuyers who accessed the tour came from behind the furnace: the scary, strange hole we call the Internet.  We’re in it right now.  You don’t know me and I don’t know you.

Yet.

You’re hiding.  I’m seeking, but we should really be on the same side — finding the next buyer if you’re a seller.  Finding the next bargain if you’re a buyer. Wait, that’s too generic. Finding the right Holmdel home for sale that qualifies for the $8,000 federal tax credit if you’re a first-time homebuyer.

Okay, Mr. and Mrs. Consumer (let’s say your name is Frank or Lisa) you can come out now.  I knew you were back there all along, but unlike my backwards competition I’m not afraid to find you. At least you won tonight’s Jello.  Lucky you.  Word upstairs is Mom’s baking her world famous fruitcake for tomorrow’s dessert.  I call dibs on the attic hiding spot.

  • Click here to preview Holmdel New Jersey houses for sale under $1,000,000. Call me for additional information on any of these Holmdel MLS listings.

E-mail Andrew at alenza@weichert.com or call me on my Mobile (732) 580-0822.

Andrew J. Lenza, ABR GRI MBA Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733. Office (732) 946-9400 Extn. 223

(c) Copyright, 2009. Andrew J Lenza

Okay, you’re ready to purchase Aberdeen NJ real estate.  How much should you offer the seller?  Your friends and family advise you to “offer low” to take advantage of the recession.

Few people know how much the seller will accept before submitting an offer.  If you were the seller would you undermine your own cause?  Often the seller doesn’t know until the offer is tabled and if the listing agent is privy he/she cannot forfeit that information without signed permission from the seller.

Client confidentiality is not a service the listing broker provides; it is mandated by New Jersey state law.

So how much should you bid to receive the elusive discount, defined as the average closing sale price LESS than the original list price for Aberdeen NJ real estate?

I use original list price; this was the first price advertised on the first day of the listing.  To use the “last” advertised price that may include price reductions will color the number towards the seller.

I analyzed all the closing sales in Aberdeen NJ homes so far.  Consult the following table for the detailed list of Aberdeen NJ single family home sales, which includes the Strathmore sub-division.

CHECK THE BOTTOM OF THIS BLOG FOR THE AVERAGE BUYER’S DISCOUNT.

Style Address Close Sale Price Original List Price Discount Days on Mkt.
Cape 53 WAYSIDE DR $85,000 $ 189,000 -122% 108
Cape 811 SHORE CONCOURSE $110,000 $ 129,000 -17% 16
Ranch 39 LAURELHURST DR $168,000 $ 194,900 -16% 95
Ranch 930 WOODMERE DR $174,000 $ 209,900 -21% 213
Cape 804 SOUTH CONCOURSE $174,900 $ 190,000 -9% 41
DutchCo 170 CLIFFWOOD AVE $184,750 $ 183,750 1% 20
Colonial 267 JETER ST $190,000 $ 244,900 -29% 125
Bi-level 109 COUNTY RD $192,000 $ 179,900 6% 44
Cape 1142 WOODMERE DR $205,000 $ 239,900 -17% 23
Cape 297 EDGEVIEW RD $210,000 $ 240,000 -14% 128
Ranch 993 N CONCOURSE $210,000 $ 238,000 -13% 143
Ranch 315 ELMWOOD DR $215,000 $ 249,000 -16% 105
Ranch 192 RARITAN ST $215,000 $ 239,000 -11% 36
Ranch 1058 WOODMERE DR $224,500 $ 229,900 -2% 27
Cape 956 GREENWOOD AVE $230,000 $ 239,900 -4% 39
Colonial 13 STEMLER DR $247,500 $ 269,000 -9% 41
Ranch 241 W PROSPECT AVE $249,000 $ 249,000 0% 22
Colonial 30 COURTLAND LN $253,000 $ 269,900 -7% 25
Ranch* 464 CLIFFWOOD AVE $255,000 $ 289,900 -14% 168
Cape 468 GARDEN PL $255,000 $ 295,000 -16% 229
Colonial 34 W CONCOURSE $269,900 $ 269,900 0% 105
Ranch 363 SWEETBRIAR ST $284,000 $ 289,900 -2% 23
Colonial 207 LOWER MAIN ST $290,000 $ 309,900 -7% 31
Ranch 14 COURTLAND LN $290,000 $ 329,900 -14% 216
Colonial 24 TEXAS RD $299,000 $ 299,900 0% 9
Cape 94 WARREN DR $300,000 $ 349,900 -17% 201
Cape 451 ATLANTIC AVE $300,000 $ 314,900 -5% 149
Ranch* 4 IDLEWILD LN $305,000 $ 369,900 -21% 162
Custom 121 W CONCOURSE $310,000 $ 319,500 -3% 33
Cape 367 BEVERLY DR $310,000 $ 349,900 -13% 100
Ranch 11 IMPERIA PL $317,000 $ 350,000 -10% 104
Ranch 75 IDLEBROOK LN $317,000 $ 315,000 1% 15
Ranch 39 IMBROOK LN $317,500 $ 339,900 -7% 32
Colonial 27 IDOLSTONE LN $325,000 $ 349,900 -8% 112
Colonial 48 STEMLER DR $325,000 $ 349,000 -7% 16
Ranch 119 IVY HILL DR $330,000 $ 359,900 -9% 46
Bi-level 314 CHARM CT $337,500 $ 414,900 -23% 113
Ranch 49 IDAHO LN $337,500 $ 335,000 1% 189
Ranch 114 DEERFIELD LN $343,000 $ 359,900 -5% 79
Colonial 21 ISLAND PL $355,000 $ 419,000 -18% 147
Colonial* 90 IRONGATE LN $360,000 $ 369,900 -3% 20
Ranch 11 WOODMAN PL $360,000 $ 359,000 0% 9
Colonial 121 ARLINGTON AVE $365,000 $ 375,000 -3% 19
Colonial 21 DOGWOOD CT $369,000 $ 409,900 -11% 111
Colonial 88 MYSTIC CT $370,000 $ 429,000 -16% 212
Ranch* 17 INGRAM CIR $375,000 $ 399,900 -7% 58
Colonial 231 ORCHARD ST $379,900 $ 399,900 -5% 112
Colonial 58 IVY WAY $382,000 $ 384,900 -1% 18
Colonial 223 ORCHARD ST $382,900 $ 399,900 -4% 127
Ranch 36 WAVERLY PL $385,000 $ 399,900 -4% 11
Colonial* 24 DREXEL LN $385,000 $ 409,900 -6% 99
SplitLv 234 CLAIRE CT $390,000 $ 439,900 -13% 97
Cape 31 WAVERLY PL $392,000 $ 399,000 -2% 20
Custom* 518 LLOYD RD $415,000 $ 499,000 -20% 343
ExpRan 17 INWOOD PL $415,000 $ 429,900 -4% 99
ExpRan* 29 AYRMONT LN $442,500 $ 459,900 -4% 46
ExpRan 33 ICEMEADOW LN $459,900 $ 469,900 -2% 112
Colonial 154 NOTTINGHAM CT $460,000 $ 479,000 -4% 20
    $17,398,250 $ 18,879,750 -9% 87

The average buyer discount (the difference between the closing price and original list price) for fifty eight (58) home sales of Aberdeen NJ real estate this year is 9%.

 “Average” is misleading; every sale is unique with its own set of factors that determine value.  We represent buyers and sellers.

Do you want to know our BEST DEAL FOR SALE in Aberdeen NJ real estate? Then call me at (732) 580-0822  or E-MAIL ANDREW.

Andrew J. Lenza, Broker Associate WRLogo

 

www.weichert.com

 

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822
 (c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved

We continue to see buyers for Strathmore homes for sale Aberdeen NJ real estate.

Strathmore is a Levitt sub-division.

The following Real Estate Market Report details Strathmore homes for sale between 1/1/2009 and 7/15/2009.  So far this year twenty four (24) Strathmore homes for sale sold for an average $353,204.

If you’re buying a Strathmore home, how much should you offer?

BREAKDOWN BY NUMBER OF BEDROOMS

How much did an average three (3) bedroom Strathmore home sell for?  $338,700

Address

# Bedrooms

Sale Price

14 Courtland

3

$    290,000
4 Idlewild

3

$    305,000
75 Idlebrook

3

$    317,000
11 Imperia

3

$    317,000
39 Imbrook

3

$     317,500
27 Idolstone

3

$    325,000
119 Ivy Hill

3

$    333,000
49 Idaho

3

$    337,500
114 Deerfield

3

$    343,000
21 Island

3

$    355,000
11 Woodman

3

$    360,000
17 Ingram

3

$    375,000
58 Ivy

3

$    382,000
36 Waverly

3

$    385,000
 

Average

$   338,714

How much did the average four (4) bedroom Strathmore home for sale close?  $353,000

Address

# Bedrooms

Sale Price

30 Courtland

4

$    253,000
94 Warren

4

$    300,000
314 Charm

4

$    337,500
24 Drexel

4

$    385,000
234 Claire

4

$    390,000
31 Waverly

4

$    392,000
17 Inwood

4

$    415,000
 

Average

$   353,071

Three five (5) bedrooms sold for an average of $420,800.

2009 VERSUS 2008

How does this year compare with last?  Besides real estate agents making less money ;)

Twenty five (25) Strathmore homes for sale sold last year for an average $379,900.  This year’s decline in prices equates to a fall of  8% approximately. Not bad considering the recession.

Are you interested in buying or selling Aberdeen NJ real estate?  Then please call Andrew at (732) 580-0822 today.

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

 (c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved

Ready to buy one of the Matawan, New Jersey homes for sale?  There are six homes for sale on Broad Street alone.

Perhaps you’re motivated by the best deal possible, you know – the price you just can’t walk away from. You want the screaming buy!  Successful buyers make their own opportunity.  It’s not stocked on a shelf.

Where do we go after you call ANDREW J. LENZA REALTY?  We find sellers who haven’t seen a buyer since the last time King Tut rode a camel.

Look Past a Month and a Half

I believe a home should sell in forty five (45) days if the Three Magic Keys fit the front doorknob:

  1. The home is right priced at market value.
  2. The home is in excellent shape and shows well.
  3. The home is in a superior location.

If a home doesn’t sell in forty five days?  Starts to stink like Uncle Hank’s used floss collection.  Why?

Most buyers are attracted to the HOT listing, the newbie – especially if they’ve seen all the other homes and passed.  Plus, they get tired of looking and if a new listing hits the Three Magic Keys I described, then the buyers and their real estate agent prepare an offer.

But the COLD listing languishes.  No amount of advertising can bring the corpse back to 98.7 degrees Fahrenheit.  Get out the meat cleaver and start chopping dollars.

Analyze and Atomize

There are forty (40) Matawan New Jersey homes for sale listed over 45 days.  The average amount of time on market?  Four months.  Few “new” buyers are touring these homes, in my opinion.

The sellers of these properties have already lopped off a collective $700,000 in “price.”  Actually, they lowered their unrealistic expectation by seven hundred grand.  My blog title misled you?  Sorry, there is no missing $700,000.

Remember that you, the buyer, determines price.  The real price appears on the closing statement.

Creating Your Opportunity

So as your buyer’s agent we visit the old inventory and start looking for those Three Magic Keys.  I’ll save the rest for my next blog or you can call me for an appointment. Do you want to know my BEST DEAL FOR SALE in Matawan New Jersey real estate?

Then call me at (732) 580-0822 or E-MAIL ANDREW

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

 (c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

The good news is that home sales have increased for the last three months in the Northeast.  The bad news is the economy continues to trudge along. Our next financial tsunami to contend with?  Beware of massive defaults on commercial real estate loans. 

But that is another blog.  Still, if you’re a qualified buyer who can get credit, not a bad time to throw a bid on the roof of a house and see what shakes out the bottom. 

Where are today’s Short Sales in Aberdeen NJ real estate?

I estimate four (4) homes are in pre-foreclosure.  No, I will not list the addresses. You’ll have to call the office for information.

(a) Three bedroom Ranch in Cliffwood Beach built in 1955 for $169,900. 

(b) Three bedroom Ranch built in 1974 for $234,000 (updated).

(c) Three bedroom Colonial built in 2004 (again in Cliffwood Beach) for $285,000.  

(d) Four bedroom Cape with basement built in 1952 for $325,000.

Do you want to know my BEST DEAL FOR SALE in Aberdeen New Jersey real estate? 

Andrew J. Lenza, Broker Associate of Weichert Realtors, Holmdel Office

www.weichert.com

43 Main St
Holmdel, NJ 07733-2370
(732) 946-9400

 (c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

There is a fifth home advertised as a “possible short sale.”

There are sixty three (63) Matawan NJ (zip code 07747) homes for sale, of which eight (8) are listed as bank short sales.

That is 13% of Matawan NJ real estate inventory.  These bank-owned properties range in list price from $229,000 to $849,000.  Many are reduced in sales price.

  • Three bedroom, two bath Colonial built in 1908 listed at $229,000.
  • Two bedroom, one bath Ranch listed for $285,000 and reduced to $240,000.
  • Three bedroom, one and ½ bath Cape listed for $289,000 and reduced to $250,000.
  • Four bedroom, two bath Ranch built in 1943 listed for $329,900 and reduced to $299,900.
  • Three bedroom, two bath Ranch built in 1973 listed for $379,900 and reduced to $369,900.
  • Five bedroom, three bath Colonial built in 1970 listed at $440,000.
  • ***New Construction*** Six bedroom, 3 and ½ bath Colonial built in 2007.   Originally listed for $575,000 and reduced to $569,000.
  • Four bedroom, four+ bath Custom Colonial on Lake Efferts and two acres. Listed at $849,000.

A short sale purchase may not be for everyone.  It’s quite different than a regular residential resale.

Why Use a Buyer’s Agent with a Short Sale?

The bank employs its own representative.  Shouldn’t you?  A buyer’s agent is critical to a successful negotiation.   We advise buyers on local property values.  We assist in preparing the bid package.

Click here for tips on buying a Matawan home for sale.

If you’d like to be notified of all NEW Matawan NJ real estate SHORT SALES, then shoot us an e-mail with your contact information.

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

(c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

*** Members, Monmouth & Ocean County MLS and Middlesex County MLS

We’ve analyzed the third quarter’s data for single family home resales in Holmdel Township (zipcode 07733).

Let’s compare the third quarter to the second quarter.

2nd Qtr 2009

Twenty (20) homes sold at an average Sale Price of $741,000. These Holmdel Township listings stayed on the market for an average of 108 days.  The total dollar amount of sales was $14.8 million.

3rd Qtr 2009

Thirty five (35) homes sold at an average Sale Price of $887,500.  These Holmdel MLS listings were on the market an average of 88 days.  Over $31 million in residential “value” sold in the third quarter.

Summary

We’re experiencing a modest recovery both in terms of the number of homes sold and the average Sale Price buyers are willing to pay. Still, this is a buyer’s market.  “Right” priced homes in exemplary condition that offer superior location (and value) sell first.  All others?  Aggressive pricing is still warranted.

Do you have a Holmdel house to sell?  Please call Andrew at (732) 580-0822 today for a no-cost, professional Comparative Market Analysis (CMA).

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

(c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved.

We’ve analyzed the third quarter’s data for single family home resales in Colts Neck Township, New Jersey (zipcode 07722).

Let’s compare the third quarter to the second quarter.

2nd Qtr 2009

Twenty three (23) homes sold at an average Sale Price of $950,000. These Colts Neck listings stayed on the market for an average of 141 days.  The total dollar amount of sales was $21.9 million.

3rd Qtr 2009

Twenty two (22) homes sold at an average Sale Price of $844,00.  These Colts Neck MLS listings were on the market an average of 156 days.  Over $19 million in residential “value” sold in the third quarter.

Summary

I consider the Colts Neck real estate market in a holding pattern.  The third quarter is the busiest selling season; families are relocating in preparation of the back-to-school for September.  Unlike other Monmouth County towns we did not experience a rebound. 

This is a buyer’s market, especially for Colts Neck.  “Right” priced homes in exemplary condition that offer superior location (and value) sell first.  All others? 

Do you have a Colts Neck house to sell?  Please call Andrew at (732) 580-0822 today for a no-cost, professional Comparative Market Analysis (CMA).

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

(c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved.

We’ve analyzed the third quarter’s data for single family home resales in Marlboro Township, New Jersey.

Let’s compare the third quarter (ending September 3o, 2009) to the second quarter.

2nd Qtr 2009

Forty eight  (48) homes sold at an average Sale Price of $609,000. These Marlboro listings stayed on the market for an average of 90 days.  The total dollar amount of sales was $29.2 million.

3rd Qtr 2009

One hundred and one (101) homes sold at an average Sale Price of $570,00.  These Marlboro MLS listings were on the market an average of 90 days, unchanged from the 2nd quarter.  A whopping $63 million in residential “value” sold in the third quarter.

Summary

Okay, so buyers flocked to Marlboro Township in the latest quarter.  The number of sales doubled!  What was the attraction?  Marlboro offers quality schools, several commuting options to New York City and northern New Jersey and compared to pricer enclaves like Holmdel and Colts Neck folks sought newer homes selling for less.

Yes, Virginia — price is the driving factor of real estate. 

Do you have a Marlboro house to sell?  Please call Andrew at (732) 580-0822 today for a no-cost, professional Comparative Market Analysis (CMA).

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

(c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved.

We’ve analyzed the third quarter’s data for single family home resales in Manalapan Township, New Jersey.  It was an exciting quarter for Manalapan N.J. real estate.

Let’s compare the third quarter (ending September 3o, 2009) to the second quarter.

2nd Qtr 2009

Fifty six (56) homes sold at an average Sale Price of $506,000. These Manalapan listings stayed on the market for an average of 93 days.  The total dollar amount of sales was $28.4 million.

3rd Qtr 2009

Eighty eight (88) homes sold at an average Sale Price of $546,00.  These Manalapan MLS listings were on the market an average of 95 days.  Approximately $48 million in residential “value” sold in the third quarter — $20 million more than the preceding quarter.

Summary

Okay, so buyers sought “value”  in Manalapan Township.  Why? Manalapan offers solid schools, shopping along the Route 9 corridor and excellent Monmouth County parks.

Do you have a Manalapan house to sell?  Please call Andrew at (732) 580-0822 today for a no-cost, professional Comparative Market Analysis (CMA).

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

(c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved.

We’ve analyzed the third quarter’s data for single family home resales in Hazlet Township, New Jersey.  It was a steady quarter for Hazlet N.J. real estate with few surprises.

Let’s compare the third quarter (ending September 3o, 2009) to the second quarter.

2nd Qtr 2009

Forty one (41) homes sold at an average Sale Price of $295,000. These Hazlet listings stayed on the market for an average of 70 days.  The total dollar amount of sales was $12 million.

3rd Qtr 2009

Forty six (46) homes sold at an average Sale Price of $325,00.  These Hazlet MLS listings were on the market an average of 88 days.  Approximately $15 million in residential “value” sold in the third quarter.

Summary

Perhaps no other township in Monmouth County benefitted from the federal government’s $8,000 tax credit for first-time homebuyers.  Hazlet offers (a) several commuting options to New York City and locations north, including the Atlantic Highlands ferry system, express buses and the N.J. Parkway (b) extensive shopping along Route 35 and 36, (c) attractive house values compared to the Monmouth County average.

Do you have a Hazlet house to sell?  Please call Andrew at (732) 580-0822 today for a no-cost, professional Comparative Market Analysis (CMA).

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

(c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved.

We’ve analyzed the third quarter’s data for single family home resales in Middletown Township, New Jersey.  Middletown N.J. real estate turned in a strong quarter, a pleasant surprise.

Let’s compare the third quarter (ending September 3o, 2009) to the second quarter.

2nd Qtr 2009

Eighty seven (87) homes sold at an average Sale Price of $417,000. These Middletown N.J. listings stayed on the market for an average of 92 days.  The total dollar amount of sales was $36.3 million.

3rd Qtr 2009

One hundred and forty two (142) homes sold at an average Sale Price of $457,00.  These Middletown MLS listings were on the market the same number of days as the 2nd quarter.  Approximately $65 million in residential “value” sold in the third quarter — almost double!

Summary

Middletown continues to attract relocating New York City residents like myself.  It’s a robust community with an extensive parks and recreational network.  Middletown N.J. real estate offers several commuting options.  Third, the homes are moderately priced.  Middletown, New Jersey is a large township with separate neighborhoods like Lincroft, Oak Hill and River Plaza.

Do you have a Middletown house to sell?  Please call Andrew at (732) 580-0822 today for a no-cost, professional Comparative Market Analysis (CMA).

Andrew J. Lenza, Broker Associate WRLogo

 www.weichert.com

43 East Main St
Holmdel, NJ 07733-2370
(732) 946-9400 Extn 223 or Mobile (732) 580-0822

(c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved.

The true value of an asset is what someone is willing to pay for it — and does.  One of the more noticeable bubbles to burst in recent years is the price of raw land in Colts Neck Township.  I define “raw land” here as a build-able lot, a parcel the purchaser can expect to receive municipal approval to build.

What is the cost of one buildable lot in Colts Neck, New Jersey (zipcode 07722)? The cost of raw land in Colts Neck?

It’s been a long time since a real estate broker could say “dirt is cheap.”  Can I say “dirt is cheaper?”

Consider that developers were buying one acre (that is the minimum lot size in Colts Neck) for $700,000 to $750,000 at the apex of the market.

Colts Neck land values, like every other real estate investment, are affected by location.  One offering today boasts a 1.25 acre lot on a cul-de-sac that backs up to a farm for $445,000.  Another parcel measuring 4.7 acres is offered at $699,500.  

People are still building houses in Colts Neck but the feverish pace has cooled.   A recession will do that.

Now consider in New Jersey for a landowner to qualify for a farm (lower property taxes) that a minium acreage consists of five (5)  acres.  If you’d like additional information on Colts Neck land values (closing sales) and current prices, please call me at (732) 580-0822.  Or email me at alenza@weichert.com.

Call (732) 946-9400 or E-MAIL ANDREW.

Weichert  Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733

Office (732) 946-9400 and Mobile (732) 580-0822 

 (c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

What’s the most affordable entree in a community characterized by million dollar homes?  The short answer is called The Grande sub-division of Colts Neck, NJ 07722.  The Grande was built in 1994 and represents the best of both worlds of Colts Neck real estate.

Consider that homeowners in The Grande enjoy a community playground, pool, and common services like landscaping and snow removal.  The houses are situated on one-third of an acre around a private cul-de-sac.  Some models back up to greenway.

Having lived in The Grande I can attest to the spirit of community.  The Home Owners Association (HOA) fee in The Grande averages $141 per month.  Like in any residential association rules apply.

The Grande of Colts Neck House Values     20914715_0953750.jpg

With the hopes of the $8,000 tax credit extension, now is an excellent opportunity to purchase in Colts Neck.  One of my favorite Colts Neck MLS listings for The Grande is a Weichert listing (shock of shocks!).

#4 Nicholson Key was originally listed at $499,000 and appears right-priced now at $459,900 — especially for a clean three bedroom Claremont model with finished basement.  Call Andrew today for an appointment.

Homes For Sale in The Grande, the Active Listings  20914715_0860000.jpg

There are two three (3) bedroom models to choose from.  If you’re looking for a four (4) bedroom model,  we can preview three listings:  priced at $499,000, $524,900 and $599,000.

Closed Sales, 2009 — How much have The Grande homes sold for?

Remember that closing price is determined by (a) condition, (b) location, (c) and seller’s motivation.  A local Realtor experienced selling The Grande can assist you pricing the model is you’re going to submit an offer.

Five three-bedroom models have closed this year between $425,000 and $500,000. Two four-bedroom models have closed for $498,500 and $513,000.

Services

Contrary to the typical detached single-family home in Colts Neck that “features” a well and septic system, The Grande offers public water and public sewer.  That’s good news for a New York City transplant like myself who wants a low-maintenance home.  The Grande is also supported by the local Colts Neck police and volunteer fire department.

The Next Step

  • Looking to sell your home in The Grande of Colts Neck and you found my blogs via the search engines?  Why not call me in for an listing interview?  You already know I’m Internet savvy.
  • Looking to purchase a new home in The Grande of Colts Neck?  You should give me a call. I know the development, the town and the school system.

Thanks for reading my local blog on The Grande of Colts Neck. 

Here’s my contact information: E-mail Andrew at alenza@weichert.com or call the Weichert Holmdel New Jersey branch office (732) 946-9400.

Weichert For Sale  Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733

Office (732) 946-9400 and Mobile (732) 580-0822 

 (c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

Last week I wrote a popular blog about land values in Colts Neck.  You can read that article here.  My thesis?  Dirt is getting cheaper, not just any dirt but the prestigious red clay of Colts Neck, New Jersey 07722.

One Colts Neck MLS Listing that offers the accomplished buyer a fine opportunity to renovate a home and purchase 4.77  acres of flat raw land is located on County Road 537 (also called “Route 537″). 

So what’s the scoop on acreage for sale in Colts Neck Township, NJ?

The address is 101 West County Road 537 and the current listing price is $699,500 (orignally priced at $735,000).

20919662_0748310.jpg

Now Route 537 is a traveled road; the thoroughfare runs west to Upper Freehold and the Burlington County border to east and Rumson, Sea Bright and the Atlantic Ocean.  Lest you think Route 537 is the Brooklyn-Queens Expressway, it’s not.  The road is one of the most picturesque lanes in Monmouth County.

The house I’m describing (or pitching depending upon your point-of-view) sits way back off Route 537.  I’m guessing the setback is almost 200 feet!  The rear of the property abuts Mine Brook and the other side of the brook is the Trump National Golf Course (once called Shadow Isle before the Donald’s purchase).  Talk about a natural vista outside your kitchen window while drinking your morning coffee!

Yes, the house needs work but the home contains what we call in the real estate business as “good bones.”  I’m not an engineer mind you.  The house felt sturdy to me. 

Featuring four bedrooms and 2.5 baths the house and land appeals to an old soul — someone who loves animals or gardening or horses.  Someone who loves the concept of original — dare I write ‘vintage’?

This is the type of home that typified Colts Neck in the 1960′s.  The property taxes are $8,600, which is cheap for Colts Neck.

I know.  As a Colts Neck resident I pay my share.  And now you can too :)

If you’d like to preview #101 West County Road West, please contact me today for an appointment.  Or if you need additional information on Colts Neck real estate

Andrew J. Lenza

Here’s my contact information: E-mail Andrew at alenza@weichert.com or call the Weichert Holmdel New Jersey branch office (732) 946-9400.

Weichert Realtors  Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733.  Office (732) 946-9400 and Mobile (732) 580-0822 

 (c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved

Sometimes amid the property inquiries from my clients and customers a theme emerges.  Call it the germination of a “hot” topic.   My blog reflects the latest interest in Colts Neck raw land or Colts Neck land values. 

Let me throw another keyword search at you:  Colts Neck New Jersey land for sale.

We all know the construction industry, especially home-builders, have taken it on the shin AND the chin.  I can’t remember the last time in my fifteen years of Monmouth County residence that land appeared so cheap.  Colts Neck New Jersey farmland

I need to restrain myself from dressing up like Tom Cruise in that movie Far and Away about the 1800′s Homestead Act and plant my red flag on a corner of green earth. 

How green grows the meadows of Colts Neck? 

The dilemma today is pricing.   That’s a challenge for both buyer and seller of Colts Neck real estate.   There’s a vacuum of recent closed sales prices for vacant or raw Colts Neck land. 

Raw land is the polar opposite of The Grande development of Colts Neck, New Jersey.

We have twenty-three (23) MLS listings for Colts Neck lots and parcels.  Some of the acreage is farm assessed; some are approved for building.  Still others will require a variance for sub-division. 

Colts Neck NJ Tractor Pulling Hay WagonOr you could purchase a tract of Colts Neck land and transform the dirt into your equestrian retreat.  You know, Master of Universe.  Lord of the Stable.  Mistress of the Manor.

The positive for buyers of Colts Neck real estate is some of these land lots have been on the market for a long time.  Imagine the glee of a seller if a flesh-and-blood buyer appeared? 

So you want to buy Colts Neck dirt and you’re going to call me.  How do we navigate the barren wasteland of a data-less landscape?

We need a chart!  So I assembled the following Table of available MLS Colts Neck land listings.  Sorry but I blocked out the addresses.  

Isn’t this the Internet and everything is FREE? 

Nope.  If you’d like additional information on some of these horse farms, Colts Neck rehab properties and just plain wierd pieces of real estate, you will have to call me.

Colts Neck new jersey

land for sale

A related article on Colts Neck real estate !

Andrew J. Lenza

Here’s my contact information: E-mail Andrew at alenza@weichert.com or call the Weichert Holmdel New Jersey branch office (732) 946-9400.

Weichert Realtors  Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733.  Office (732) 946-9400 and Mobile (732) 580-0822 

 (c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved

We limp toward 2010 with a nagging question: Will 2009 go down as the bargain year for Hazlet, New Jersey real estate?

One hundred and thirty-six (136) single family (detached) homes sold in Hazlet in 2008 for an average sales price of $305,300. As of today (Happy Veteran’s!) one hundred and fifty-one (151) homes sold of Hazlet MLS listings.  Oh the cynics among you must be railing against me: More sales for Realtors is good!  Monarch spreading wings

What is better for consumers and home buyers — the average sales price decreased to $274,600. That’s a discount year-to-year of almost 12%.  (Maybe Hazlet real estate sellers are less enthused?)

Hazlet Township, New Jersey is one of the more affordable communities in northeastern Monmouth County and borders Holmdel Township, ritzy location to million dollar homes.  Great commuting options, super parks and a solid school system, Hazlet attracts many New Yorkers eager to cross a bridge and start a new way of Jersey living.

Hey, how about those Hazlet Township schools? An expansive topic for another blog but I’ll give you the breakdown by building and grade:

  • Raritan High School, grades 9th through 12th
  • The Middle School, grades 7th and 8th
  • Hazlet Middle School, Kindergarten through 6th
  • Beers Street School, Kindergarten through 6th
  • Cove Road School, Kindergarten through 6th
  • Lillian Drive School, Kindergarten through 6th
  • Sycamore Drive School, Kindergarten through 6th

hunting for pollenHow about that extended federal tax credit for first-time homebuyers and how does the incentive relate to Hazlet New Jersey houses for sale? Let’s catch you up on the basics:

  • The new bill extends the existing $8,000 tax credit for first-time homebuyers until April 30, 2010. The enhanced tax credit also gives financial incentive to a larger crop of buyers by providing a $6,500 tax credit to current homeowners, who have lived in their home for five consecutive years in the past eight years, and by increasing the income limits for eligible home buyers to $125,000 for singles and $225,000 for couples.
  • To avoid the demand for quick closings that was created by the previous tax credit, time has also been added to allow for closing the home purchase.
  • As long as buyers have a binding contract by April 30, they will then have through June 30, 2010 to close the transaction and be eligible for the tax credit.

Let’s cut through the garble and the gobble.  (Thanksgiving is less than two weeks away.  I owed you a turkey plug.  ”Turkey plug” — sounds like a hair replacement scam for balding chickens.)

If you’re employed and renting it was a great time to purchase before the $8,000 tax credit was extended.  None of the pundits, the experts, the tea-leaf readers, stilt-walkers, conjurers, snake charmers (right about now you’re asking yourself  “Where does this Lenza character fit in?”) expect another extension of the rebate, incentive, government found money.

Come April 2010 and it’s gone.  Again.  For good.  Now it’s a fabliouso time to buy Hazlet, New Jersey real estate.

So now’s about time to take out your calendar and pencil in “Call this Weichert dude Lenza in January” about buying a Hazlet, New Jersey home. jersey shore high school football

That will give you and I ample time to take advantage of the spring market, frazzled sellers and pouting Uncle Sam.  You don’t own a calendar?

Take a Sharpie and write that reminder on your husband’s Giant’s or Jet’s jersey.  The way Big Blue and Gang Green are playing he’ll be free the second week of January to preview Hazlet homes for sale.

Thank you for reading.  Please bookmark my blog for future articles.

Andrew J. Lenza

Here’s my contact information: E-mail Andrew at alenza@weichert.com or call the Weichert Holmdel New Jersey branch office (732) 946-9400.

Weichert Realtors Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733.  Office (732) 946-9400 and Mobile (732) 580-0822

 (c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved

Welcome home.  This house could be your home, especially if you’re looking for a Freehold, New Jersey house for sale.  I go into many Freehold Township, New Jersey homes.

This one is better than most Freehold New Jersey MLS Listings and it’s located in the picturesque, manicured subdivision called Sleepy Hollow.

How autumn-appropriate is that lead-in? I’m partial about this “complete” deal.

Built in the 1960′s when “bones” made a home.

Before the pneumatic nail gun, when a carpenter drove every steel nail by hand. When the nails were cast in the United States.

When we ate on plates instead of plastic and argued with our siblings whose turn it was to clean the table.

The 60′s — when you fought over the hard knob on the television for channel control before the LED’s came in a business card size and every teenager retreated to their own pre-man and pre-woman teen cave. We saw a man walk on the moon, the tragic end to JFK’s Chamelot, conflict and resolution.

What’s so special about this center hall Colonial on Heritage Drive, Freehold New Jersey 07728? Some of you Internet buyers may know the property as “MLS20942603.”  It’s a large Freehold Township N.J. Colonial priced under $600,000 for starters.

There’s fresh paint on the walls waiting for a wedding photo.  There’s new carpet on the floors waiting for a wrestling match.  There’s a new shine on the hardwood waiting for a sunny day.  Or a cloudy day and a Matchbox car.

The home features six (6) bedrooms and three (3) full baths. Three full baths — do you know what that means? Everyone gets to school or work on time!

Take a look at the photos then call me for an appointment. It’s not unheard of that you and I want to go back to go forward.  Good parks, great schools, easy commute — these features define Freehold, New Jersey real estate. So come home already.

Check out the full Monmouth County Association of Realtors listing and Virtual Tour here.

Andrew J. Lenza ABR GRI MBA, Broker Associate
Weichert, Realtors
43 East Main Street, Holmdel N.J. 07733
Office (732) 946-9400 Extn 223
Mobile (732) 580-0822

www.andrewlenza.com

Weichert, Realtors … Yellow i$ the New Green!

I call it listing fatigue.   There’s a point of Dimishing Returns to every unsold Holmdel, New Jersey house sale.   Some Realtors call it overpriced or stale.

The condition is worse.  The once “hot” Holmdel MLS listing is now “not.”

Eventually your home turns invisible to the potential buyer.  Like you hired Claude Rains to sell your home.

Consider that almost 20% of the single family homes for sale in the Monmouth and Ocean County Multiple Listing Service (MLS) have been on the market for six (6) months.

That represents 800 of the 4,000 houses for sale in Monmouth County.  For those sellers languishing, the listing is dead on its feet.  The “For Sale” sign blurs into the landscape.

Increased advertising won’t necessarily increase the number of showings.  Bear in mind that multiple “small” price reductions will stigmatize your property.  Ask the Roman Emperor Caesar.  The Senators killed him with a hundred nicks before Brutus delivered the fatal blow.

So what should you do?  Go back to the beginning when you first signed the listing agreement.

  • Did your listing broker prepare a punch list of improvements on how to increase the home’s marketability?
  • Is your home exposed on the Internet?  The Internet casts a far wider net for buyers than www.Realtor.com.  That’s the basic platform.  Is your home listed on www.Trulia.com?  Did your listing broker post a specific blog highlighting all the wonderful features of your home?
  • I use a Point2Agent site that allows me to syndicate the listing ad and send the photos and captivating description to over thirty sites.  You can find me at www.andrewlenza.com.
  • Did your listing broker attach a Virtual Tour to the Internet listing?  I use a fantastic local company called Virtual Access Tours that produces quality, eye-catching digital presentation.
  • Did your listing broker effectively advertise the public Open Houses, including flyers or postcards to the neighborhood, Internet listings, signage and an e-mail blast to other Realtors?

This is just the beginning of my triage — an urgent, impassioned Marketing Plan to drive the droves of hungry buyers to your Holmdel, New Jersey 07733 home for sale.

I’ve counseled some home sellers to remove the home from the market.  Let the house breathe.  Then perform another punch list.  Bleach and fresh paint are cost-effective (read cheap) ways to liven up a dead listing. Decluttering and staging the home are two proven methods to recapture your home’s WOW factor.  Seek out new venues of advertising.

Check out the full Monmouth County Association of Realtors listing and Virtual Tour here.

If you need assitance selling your Holmdel, New Jersey house or real estate, please call me at (732) 946-9400 Extension 223 or email me at alenza@weichert.com.

Andrew J. Lenza ABR GRI MBA, Broker Associate
Weichert, Realtors
43 East Main Street, Holmdel N.J. 07733
Office (732) 946-9400 Extn 223
Mobile (732) 580-0822

www.andrewlenza.com

Weichert, Realtors … Yellow i$ the New Green!

P.S. Claude Rains was an English stage actor whose most famous role was that of The Invisible Man.

“De-clutter” does not mean “de-personalize.”

Staging a Holmdel, New Jersey home for sale during the Holiday season is a great opportunity to dispel some myths.  Often, when I list a seller’s home they ask me: “Do I have to pack away all my family pictures, trophies and memorabilia?”

Of course not.  The buyers want to experience the same positive aura you enjoy in your home.  The trick is to find a balance, especially during the holidays.

So here’s a simple rule.

If you empty a box of ornaments, then fill the same box with your year-round chatcka’s. This way you won’t overwhelm buyers with stuff when they enter the foyer.

I suggest to keep corners and nooks devoid of items.  Corners collect our social debris. Buyers need to visualize how their belongings are going to fit inside your Holmdel home.

Clutter, chaos and mayhem will send a subtle message that your house is small and unmanageable.  Your Holmdel, New Jersey MLS listing for sale is competing with other properties, so it must shine to attract the successful buyer.

The key is to decorate in a way that won’t turn off buyers. The following tips will help Holmdel sellers succeed:

  • Too many decorations mask a home’s selling points: architectural details, condition, location and price.
  • Avoid too many personalized decorations. The goal is for buyers to visualize themselves celebrating the holidays in the home.
  • Choose an elegant, neutral palette of fresh greens, silvers and golds, and classic whites. Avoid too much red and green.

Take down decorations within two weeks after the holidays.

Don’t forget to keep walkways clear. In a few weeks I’ll blog about safety-proofing your Holmdel home before putting it up for sale and into the Monmouth County MLS system.

If you’re thinking of selling your Holmdel home, please give me a call at (732) 946-9400 Extension 223 or E-MAIL ME.

Andrew J. Lenza, ABR GRI MBA Broker Associate
Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733
Office (732) 946-9400 and Mobile (732) 580-0822

(c) Copyright, 2009. Andrew J. Lenza, All Rights Reserved

Looking for a Colts Neck home for sale of the prestigious Center Hall Colonial variety?

Welcome to Shenandoah. Let this stately center hall Colts Neck, New Jersey Colonial with new covered porch transport you to a quieter, simpler time on a secluded cul-de-sac. Five bedrooms and three baths offers room to grow.

Custom built-ins and mouldings accent a warm interior. Lovely backyard and Sylvan pool for entertaining.

colts neck home for sale

Lush, inviting Colts Neck center hall colonial for sale

This Colts Neck MLS listing reminds me of “Tara.” The swooping front porch offers a rustic vista to the quiet end of a cul-de-sac on one of Colts Neck’s most picturesque lanes.

Colts Neck home for sale

Light and bright foyer greets your visitors!

The backyard is designed for entertaining with patio, heated in-ground pool and ample green space to enjoy a Colts Neck lot that backs up to Green Acres (translated — no neighbors behind you!).

This slideshow requires JavaScript.

Plenty of room for everyone with five bedrooms and 2 1/2 baths.  FY2009 property taxes estimated at $12,324.

The home is priced at $879,900. One of the finer pieces of Colts Neck real estate. Please call Andrew Lenza of Weichert Realtors today at (732) 580-0822 to book your appointment.

Liz Lenza and Dawn Fittipaldi, co-Executive Directors of Our Special Place, Matawan NJ announce the second annual fundraiser, a picnic to be held on Sunday, June 27th at Bucks Mill Park Fairgrounds of Colts Neck from 2PM to 6PM.

The Occupational Therapy Room of Our Special Place, Matawan NJ

For further details call (732) 765-8500.

Adult tickets, $25.00

Children over 12 years age, $12.50

Our Special Place (“O.S.P.”) was started by the Fittipaldi and Lenza families and is a registered non-profit charitable organization under the IRS 501(c)-3 code. Our mission is to enrich the lives of children with special needs by providing a variety of professional services in a nurturing and therapeutic environment.

To read the history of Our Special Place click HERE.

Our Special Place is located at 62 Broad Street, Matawan NJ 07747.

Weichert Realtors offers tips for Holmdel, New Jersey homebuyers on how to go green.  Are you ready to purchase a Holmdel, New Jersey home for sale? fairway mews homes for sale, spring lake new  jersey

Think about buying a “green” home and save more green with lower operating costs.

As people become more conscious of the environment and aim to reduce their carbon footprint, there is a new premium on products and features that promote energy efficiency. Real estate is no exception, and today’s homeowners are taking steps to “go green” as a way to cut costs and to make their home more desirable to buyers.

According to the U.S. Department of Energy, going green can cut your bills by up to 25 percent. You can achieve these savings by jumping on one or more of the following green home trends:

  • Choose environmentally friendly LED lighting, which gives off the same light as regular bulbs, but lasts 50 times longer.
  • Low flush toilets use one or two gallons of water per flush, compared to three to five gallons for a typical toilet.
  • Purchase appliances marked with the ENERGY STAR label. This designation means that they meet the strict energy-efficiency guidelines set by the Environmental Protection Agency and the U.S. Department of Energy.fairway mews homes for sale, spring lake new jersey

A few small things can help you save money, protect the environment and make your home more attractive when you decide to sell it. Or buy it.

I can help you find right-priced, energy efficient “green” Holmdel, New Jersey homes for sale.

(c) Copyright, 2010 — Weichert Realtors Informational E-mail

Click HERE to read Andrew’s blog about “green” Colts Neck homes for sale, too.

Call Andrew today at (732) 580-0822 or E-MAIL ANDREW.

  Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733

Office (732) 946-9400 and Mobile (732) 580-0822 
 (c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

listingbook service andrew lenza

Want to search properties like a local Real Estate Agent anytime you want?
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If you’re a buyer of a New Jersey house, the Realtor-prepared sales contract includes specific dates of performance:

  • The date the first deposit is posted with the broker or attorney trust account.
  • The date the second deposit is posted.
  • The date the buyer will complete an inspection (usually 7-10 days after attorney review).
  • The date the mortgage commitment will be obtained by the buyer and delivered to the seller.
  • The date of closing.
The attorneys often insert additional milestones intrinsic to the transaction. (Yes, the Realtor needs to remember these dates and work to ensure both parties adhere to the schedule.)
I represent buyers. I represent sellers. I’m usually on “one side” per transaction, so I often track the dates on my calender.
When I remind my buyer-client about a due date, it’s not uncommon to hear these retorts:

“I’m good for it.”

“Don’t you trust me?”

“It’s not like I’m leaving the country.”

“Of course I have the money.”

“Jeez, it’s like I broke a window.”

“I want to leave the money in my account a little longer so I earn interest.”

“I keep forgetting to call my stockbroker and sell that equity to raise cash.”

Some are good reasons; however, none of them are good enough to warrant missing the date (barring a medical emergency or incapacitation). The only confidence the seller gains from a contract buyer is the buyer’s performance.

The buyer drives the bus.

One colleague related the story of a lost $2,000,000 sale. His buyer missed posting his second deposit by one day. The seller rescinded the contract. Seems like the listing broker planted and cultivated a second buyer “in the weeds.” The first buyer’s recourse? Zilch. The buyer’s agent commission? Same. The listing broker double-ended the deal.

I understand the buyer’s mindset. The ones that fully expect to close have already internalized the purchase. It’s not a matter of “if” but “when” they buy the house and “when” is always a day away.

Yet the seller counts days. They circle the dates in red. They call. They email.

  • “Did the buyer post the second deposit?”
  • “Did the inspection report come back?”
  • “When is the appraiser coming?”
  • “Should I get the Certificate of Occupancy although the closing isn’t for three months?”
  • “Did the buyer produce the mortgage commitment?”

The seller is in a passive position, always asking and hoping for a productive result. He only sells if the buyer performs.

One buyer once asked my seller at the closing table, “Look. I’m here. It all got done. What were you worried about?”

My seller, a retired engineer from Bell Labs, shot back “I’ve never done business with you before. How did I know we were going to close?”

“And now?” asked the buyer, a thirty-something doctor who did not lack self-confidence or bravado.

“Now that I know what you’re capable of,” started my older client, “I wish I had a second house to sell you at the top of the market.”

Sellers think in days. Buyers think in seasons. Realtors bridge the gaps between the two.

Call Andrew today at (732) 580-0822 or E-MAIL ANDREW.

  Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733

Office (732) 946-9400 and Mobile (732) 580-0822
 (c) Copyright, 2008. Andrew J. Lenza, All Rights Reserved

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What’s the hottest price range for Colts Neck New Jersey homes for sale the last three months (12/7/2009 to 3/7/2010)?

Actually there are two. Colts Neck NJ homes for sale that have gone ‘Under Contract’ between $500,000 and $750,000 and $750,000 to $1,000,000.

UNDER CONTRACT is defined as price and terms negotiated, inspection issues resolved with the conculsion of attorney review. Under Contract is often abbreviated with “UC.”

The New Jersey Real Estate Commission (NJREC) frowns upon the status “Pending” because, rightfully, the term confuses the general public.

  • A four bedroom Darby Colonial in The Grande is under contract off $499,000 list price. I blog often about the Grande sub-division of Colts Neck.
  • Five (5) Colts Neck homes went U/C between $500,000 and $750,000. Three were on the market for less than 25 days. There are buyers out there for right-priced, mint Colts Neck, NJ houses for sale.
  • Five (5) Colts Neck homes priced between $750,000 and $1,000,000 also went U/C. Higher-priced homes do take longer to sell. The average Days on Market in this price range? 136 days.

The over $1,000,000 Colts Neck home for sale is a tougher sell, especially when the buyer learns they are responsible for an additional tax called the Mansion realty transfer fee. Of course the dreary job market and steep recession affects the luxury home market.

  • Click HERE for a full IDX list of all Colts Neck, New Jersey homes for sale in the Monmouth County MLS.
  • Click HERE for a full listing inventory of the Weichert, Realtors office in Holmdel, New Jersey 07733.

I love living in Colts Neck, between the local artists, our agricultural roots and sights and, of course, Delicious Orchards.


Do you have any questions related to Colts Neck New Jersey homes for sale? Call Andrew today at (732) 580-0822 or E-MAIL ANDREW

weichert realtors holmdel nj Andrew J. Lenza, ABR GRI MBA  Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733

Office (732) 946-9400 and Mobile (732) 580-0822
 (c) Copyright, 2010. Andrew J. Lenza, All Rights Reserved

listingbook service andrew lenza

Want to search properties like a local Real Estate Agent anytime you want?
Click HERE

If you’re like me – born in the early 1960′s – you came into this world with one cranky eye to the next.  Once Armstrong landed on the Moon you jumped up and down in the backseat of a cavernous Ford woody chanting, “Mars!  Mars!  Mars!  Are we there yet?”

Nope, not even close.  The Red Sox have since won the World Series, twice.  The Cubs could win a ring before we get to the red planet.  Should we even try?

Without denigrating the loss of life NASA has suffered, let’s consider the financial waste of the space program.  Between 1958 and 2008 NASA has expended $416 billion dollars, adjusted for inflation a frothy $807 billion. If a paper stack were made of the invoices the American taxpayer could climb to the Moon already with several Mickey D’s and Burger Kings providing moon-shot bite-sized burgers along the way.  

Now that the Russians are broke (although the Chinese and Koreans have their eye on that cosmic blue prize) and space travel relegated to a sport of billionaires, should we continue to finance flights of fancy?  Space scratches our intellectual itch like a proud mother pulling you into the family room to listen to Edmund on the violin.

He’s good my Edmund, isn’t he?

What do you say if you’re the American taxpayer?  Dogs within a six block radius of Edmund are sticking their heads into sewer grates to escape Edmund’s jagged, shrilly notes.  Maybe Edmund isn’t going to Carnegie Hall; maybe NASA wheels won’t touch Mars.  But Edmund needs to fail and so by failing he learns to master the stringed copperhead wiggling on his shoulder, fangs and all.

The lure of Space is a capricious serpent and we all remember what happened the last time Eve scrambled up a telescope for an apple.

Yes, we buried a Mars rover into a crater, obliterating $500 million dollars and seven years’ worth of effort, but look what we learned?   Um, that a remote control device is best suited for a toy with four AA batteries? 

Perhaps we look to the stars out of a Manifest Destiny sense of American entitlement.  To quit now is to admit defeat and America never dived on a title fight.  Yet a Recession strips away the shiny rhetoric to reveal a warty truth.  Maybe we’re not smart enough to achieve our lofty Space goals and we have far too many broke, sick and hungry Americans to waste the capital, human and dollars. 

So Edmund won’t become a Maestro but if he studies hard, earns an honest wage, volunteers in his community and loves his wife with the devout sacrifice of Pharoah’s eunoch he may reach a different star. 

One of the fifty white stars on the American flag: A house without a mortgage, a college savings plan for his 2.4 children, healthcare, a decent job.

And if he hooks his childhood violin to an electric amp, hey, one day he can jam with Charlie Daniels at the local bluegrass festival — under the canopy of mocking stars.  It doesn’t get spacier than that.

A new year dawns and we’re optimistic we’ve navigated the worst of the Recession; and so with intrepid fingers and bloodshot eyes I write the 2009 Year in Review for Colts Neck New Jersey real estate values.

Single Family Homes

Colts Neck Township witnessed eighty eight (88) residential MLS sales.

The average Colts Neck home in 2009 fetched a price of $906,000 after an average sales effort of 121 days (also referred to as Days on Market).

Compared to 2008 that number of Colts Neck MLS listings sales increased by 18 transactions; however, the average sale price decreased by $137,500.

The Cheapest Colts Neck House For Sale, 2009

The award is presented to a three bedroom, two bath Ranch home built in the 1950′s on a main road.  The savvy buyer purchased a rehab for $259,900 but received two (2) acres in the bargain.  One day this cheap Colts Neck home for sale will prove to be a wise investment, considering the next category:

The Most Expensive Colts Neck House For Sale, 2009

Sold for $3,031,000 and featured sixteen (16) rooms, six (6) bedrooms and nine (9) bathrooms.  This Colts Neck Executive Estate offered a prime waterfront views of the Phalanx reservoir and is brand new, top to bottom.

Two ends of the spectrum in price, location and size but indicative of the boutique nature of the Colts Neck real estate market.  For the last three years the number of Colts Neck homes sold through the MLS has not exceeded the century (i.e. 100) mark.

Click HERE to receive Colts Neck New Jersey MLS Listings for Colts Neck homes for sale.

Remember to call me on my mobile phone (732) 580-0822 or email me at alenza@weichert.net for the latest news and market updates for Colts Neck New Jersey real estate values.

E-mail Andrew at alenza@weichert.com or call me

on my Mobile (732) 580-0822.

Andrew J. Lenza, ABR GRI MBA Broker Associate

Weichert Realtors, 43 East Main Street, Holmdel New Jersey 07733. Office (732) 946-9400 Extn. 223

(c) Copyright, 2010. Andrew J Lenza

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