Posts Tagged ‘Bedminster Real Estate’

JUST SOLD JUST SOLD JUST SOLD JUST SOLD

$363,500 – three bedrooms, two and half baths, garage.  

New furnace and central air!

Search for your Bedminster Townhouse and call Jennifer for an appointment; let us make it easy for you too!

There were two contract sales in Bedminster this week. No closings, and one new listing – a $4.3M dollar property. Bedminster Real Estate has been somewhat slow lately – I bet there are some really good deals to be had there. Take some time today to search Bedminster homes for sale.

It really is a good time to buy a house.  The signs are there: record-low interest rates and reasonably priced homes. This week, the Wall Street Journal presents two factors that make now “an excellent time to buy a house.” First, the ratio of home prices to yearly rents is close to its pre-bubble average. Second, when mortgage rates are considered, houses are the most affordable they have been in decades.

The article goes on to explain that whether or not buying is a better deal than renting depends on the relationship between prices and rents, the cost of financing and other factors. The good news is that the numbers all seem to be heading in the right direction.

According to Moody’s Analytics, the nationwide ratio of home prices to yearly rents is 11.3, down from 18.5 at the peak of the bubble. With all things being equal, a lower ratio means buying is preferable to renting. Even though the price/rent ratio is not as low as it has been, house payments are more affordable than they have been in decades because mortgage interest rates are so low.

And, despite public opinions otherwise, mortgage money is available according to information in the article attributed to Stan Humphries, chief economist at Zillow, a home and real estate consumer website.

The article closes with this advice: “When prices are low, loans are cheap and plump investment yields are scarce, buyers should jump.”

Welcome Back, September, it’s good to see you again!

As much as I love the slow laziness of the summer months, by the time September rolls along I’m really happy to see it!  Things start happening again: school, sports, routine, and…..REAL ESTATE!

There have been six new listings and ten price adjustments in Bedminster since the first of the month.  And, there have been five contract sales.  Traditionally we see an uptick in market activity between Labor Day and Thanksgiving.  So if you are looking to make a move, it might pay to take advantage of the Fall Market in Bedminster.  I am happy to provide a listing of current properties or an evaluation of the value of your home in the current market.  No obligation, just Information!

Please visit one of today’s featured Open Houses:

There are eighteen open houses in Bedminster today!  Nineteen in Basking Ridge and twenty-three in Bridgewater!

58 Alexandria Way: A beautiful Spring Ridge Fairfax model for $294,900, open from 1:00-5:00.  Gerry will be there himself to show you around.

11 Archgate Road: $699,000 – from 1:00–5:00 – Alma and I will be more than happy to show you this wonderful center hall colonial with an amazing list of upgrades and a terrific location within walking distance of Pleasant Valley Park.

267 English Place: $289,900 – from 1:00 – 5:00 – Carol and I will be more than happy to show you this wonderful two bedroom end unit in Society Hill I.  FHA approved and completely updated!

I will be floating between these properties and a listing in Bridgewater: 15 Frohlin Drive which is just off of Washington Valley Road which will be hosted open by Kate between 1:00 and 4:00 today.  Stop by and visit this large split level home on a nice level lot in one of the best Bridgewater neighborhoods.

Gerry and I look forward to talking with you when you are ready to make a move!

There is no doubt that this is a great time to buy a house.  Purchasing a home has remained affordable, primarily because of the extended period of historically low interest rates that has continued for more than two years.  A wide variety of properties from which to choose and affordable prices sweetens the opportunity for homebuyers.

The general public agrees, and so does the secretary of the U.S. Department of Housing and Urban Development.

Consider these recent reports:

• According to a recent Gallup poll, 69 percent of Americans believe that now is a good time to buy a house.

• Responding to a recent New York Times/CBS News poll, 9 in 10 Americans said homeownership is an important part of the American Dream.

• The National Association of Realtors‘ ninth housing pulse survey showed that the overwhelming majority of Americans (72 percent) say that buying a home is a good financial decision.  Almost two-thirds (64 percent) say that now is a good time to buy a home.

• During a recent interview broadcast on CNN, Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, urged Americans to purchase homes.  He said, “In the long run, it is a good time to become a homeowner because it’s so affordable today compared to where it’s been for generations.”

For more information on Buying and Selling Homes in Bedminster, go to www.Bedminster-Real-Estate.com.

Whether you’re thinking of buying a home with an in-ground pool
or toying with the idea of having one built, there are many
important considerations to take into account.  In additon to significant installation costs for those building
a new pool, all homeowners with a pool will need to be mindful of ongoing maintenance expenses as well
as insurance and tax implications.

If a swimming pool is in your future, here are some things to keep in mind:

•    Installation costs for a 600-square-foot concrete pool average around
$30,000. Less expensive options include fiberglass shells and pools with
liners; however, pool liners need to be replaced approximately every 10
years, raising ongoing maintenance costs.

•    Other equipment you will need to maintain your pool include an energy-
efficient pump, chemical balancing supplies, cleaning, and fees for
opening and closing the pool for the season. A rule of thumb is
homeowners should budget around $600 annually for maintenance in a
seasonal swimming climate and between $15 and $25 per week in a
year-round climate.

•    Homeowners with a pool should increase the liability portion of their
homeowners insurance policy from the standard amount. In addition,
many underwriters require you to fence in the pool so that children can’t
wander in unsupervised.

•    There is no guarantee that adding a pool will add to your home’s selling
price. Experts advise keeping building costs between 10 percent and 15
percent of what you paid for the house to help assure you don’t invest too
much money that you won’t necessarily recoup on resale.

For more information on Buying and Selling in Bedminster,

Click on the following link:  Bedminster Real Estate

Eleven new happy home-owners in Bedminster!

• 17 Wescott Rd – Wynnewood  The Hills – listed for $206,900, sold for $200,000 in 30 days
• 80 Ashley Ct – Crestmont The Hills – listed for $285,000, sold for $265,000 in 24 days
• 41 Ashley Ct – Crestmont The Hills – listed for $290,000, sold for $286,000 in 19 days
• 363 Wren Ln – The Hills – listed for $329,900, sold for $329,000 in 5 days
• 28 Cambridge Rd – Stone Run II The Hills – listed for $359,900, sold for $354,000 in 54 days
• 14 Heatherwood Ln – Four Oaks The Hills – listed for $369,000, sold for $363,000 in 33 days
• 28 Stone Run Rd – Stone Run I The Hills – listed for $399,000, sold for $385,000 in 97 days
• 92 S Edgewood Rd – Edgewood The Hills – listed for $449,900, sold for $432,000 in 50 days
• 12 Cobble Ln – Gatehouse – SHORT SALE – listed for $839,900, sold for $755,000 in 190 days
• 1 Elizabeth Ln – SHORT SALE – listed for $855,000, sold for $795,000
• 33 Gatehouse Rd – Gatehouse – listed for $950,000, sold for $950,000 in 48 days

With the exception of the short  sales, most of these properties sold quickly within 2-4% of their list price.  Right Pricing is what this market is all about!  For more sales data, visit Bedminster Real Estate.

If you would like a free market analysis for your Beminster home, I am happy to provide it.  We can get together for a few minutes to walk through the house and then I will send you a report.  Whether you are ready now, next month or three years from now, I’m happy to meet you and become your real estate resource!

Closed Sales in March

There are now two new happy homeowners in March in Bedminster.   The following properties have closed this month:

27 BENTLEY CT  $289,999  $278,000
77 AUTUMN RIDGE RD $769,900    $745,000

26  new listings came on the market this month, and 9 listings have gone under contract.  To see these new listings or to start your search, click on Bedminster Homes For Sale.

Please note:  2 additional properties sold in February but were not reported online until March.  Those properties are:

147 CORTLAND LN  $99,999  $99,999
15 WENTWORTH RD  $259,999  $252,500

So that brings the total sold homes in Bedminster in February to 5.

Absorption Rate

I explained what the absorption rate is in a previous posting, but basically it is a way to help us determine how much market activity there is at a given time in the market.  A market absorption rate of less than 5 months is considered a Seller’s Market, between 5 – 6 months is a Normal or Balanced Market, and inventory levels greater than 6 months indicates a Buyer’s Market.

There are currently a total of 95 listings on the market in Bedminster.  17 properties went under contract in the last 30 days, so that gives us a current market absorption rate of 5.6 months in Bedminster.  Which indicates that currently the market in Bedminster is a balanced market.

If you are considering a move into or out of Bedminster, it pays to plan ahead.  Start your search or understand the value of your home at Bedminster-Real-Estate.com

Closed Sales in February

There are now three new happy homeowners in February in Bedminster.   The following properties have closed this month:

5 SAGE CT  $175,000  $175,000
5 BENTLEY CT $309,000    $309,000
335 ENCLAVE LN    $384,000    $372,000

Twenty-five new listings came on the market this month, and 14 listings have gone under contract.  To see these new listings or to start your search, click on Bedminster Homes For Sale.

Absorption Rate

I explained what the absorption rate is in my last posting, but basically it is a way to help us determine how much market activity there is at a given time in the market.  A market absorption rate of less than 5 months is considered a Seller’s Market, between 5 – 6 months is a Normal or Balanced Market, and inventory levels greater than 6 months indicates a Buyer’s Market.

There are currently a total of 81 listings on the market in Bedminster.  14 properties went under contract in the last 30 days, so that gives us a current market absorption rate of 5.8 months in Bedminster.  Which indicates that currently the market in Bedminster is a balanced market.

If you are considering a move into or out of Bedminster, it pays to plan ahead.  Start your search or understand the value of your home at Bedminster-Real-Estate.com