Posts Tagged ‘New Listings in Bedminster’
Bedminster Market Activity as of March 16, 2011
March 16th, 2011 | 
Author: 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
Posted in Bedminster Market Activity, Bedminster Real Estate, General real estate information, Just Sold - Bedminster, New listing - not in Bedminster | 
Tags: bedminster, Bedminster Market Absorption, Bedminster Market Activity, Bedminster Real Estate, Just Sold, New Listings in Bedminster | 
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Bedminster Market Activity – February 2011
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
Posted in Bedminster Market Activity, Bedminster Real Estate, General real estate information, Just Sold - Bedminster, New Listings in Bedminster |
Tags: bedminster, Bedminster Market Absorption, Bedminster Market Activity, Bedminster Real Estate, Gerald Light, Just Sold, New Listings in Bedminster |
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Bedminster Market Update – February 2011
Closed Sales in February
Since my last posting, there are now two new happy homeowners in February in Bedminster. The following properties have closed this month:
5 BENTLEY CT $309,000 $309,000
335 ENCLAVE LN $384,000 $372,000
Eleven new listings came on the market this month, and 1 of those listings has already 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 74 listings on the market in Bedminster. Eleven properties went under contract in the last 30 days, so that gives us a current market absorption rate of 6.7 months in Bedminster. Which indicates that currently the market in Bedminster is a buyer’s 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
Posted in Bedminster Market Activity, Bedminster Real Estate, General real estate information, Just Sold - Bedminster, New Listings in Bedminster |
Tags: bedminster, Bedminster Market Absorption, Bedminster Market Activity, Bedminster Real Estate, Just Sold, New Listings in Bedminster, price adjustments in Bedminster, Real Estate Attorneys |
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Owning a Home is a Smart Decision
A recent survey conducted by the National Association of Realtors showed that a substantial majority of both homeowners and current renters believe that owning a home is a smart decision over the long term.
The American Attitudes About Homeownership survey of 3,793 adults found that even in today’s challenging economy, 95 percent of owners and 72 percent of renters believe that over a period of several years, it makes more sense to own a home.
Other findings of the American Attitudes About Homeownership survey include:
- A large majority of homeowners are happy with their decision to own a home. In fact, 93 percent of the owners surveyed would buy again.
- Homeowners are more satisfied with both the overall quality of their family life and with their community life than renters are.
- Of the renters surveyed, 63 percent said that it was at least somewhat likely that they would purchase a home at some point in the future, with young adults 18 to 29 years old having the strongest aspirations for homeownership.
If you think it might be time to start thinking about owning a home, take a look at what’s currently available in Bedminster. You can also see what has been selling in Bedminster to get a sense of how much you might need to spend to get the home you want.
Posted in Bedminster Real Estate, General real estate information, Homeowner Tips, Just Sold - Bedminster, New listing - not in Bedminster, New Listings in Bedminster |
Tags: bedminster, Bedminster Real Estate, Homeownership, Just Sold, New Listings in Bedminster, Real Estate Attorneys |
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Bedminster NJ Market Update
Since my last Market Update last week, there haven’t been any properties that have gone under contract. So that leaves the five properties went under contract last week in Bedminster, which are: four townhouses listed for $299,900, $309,000, $345,000 and $420,000, and a duplex listed for $384,000.
There are now 9 new happy homeowners this month in Bedminster, as the following properties have closed:
(Closed properties since last week are in bold)
And there are now 18 new listings, five which have come on the market since last week.
Start your search on Bedminster homes for sale so you can take advantage of the currently low interest rates!
Posted in Bedminster Market Activity, Bedminster Real Estate, Just Sold - Bedminster, Uncategorized |
Tags: Bedminster Market Activity, Bedminster Real Estate, Just Sold, New Listings in Bedminster |
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What SOLD in Bedminster, NJ last week? What is NEW?
I know I have been on vacation – it seems that maybe lots of people have! I had to check twice, but it is true – nothing has gone under contract in Bedminster since 12/04!
As of this evening there a total of 75 listings showing active in Bedminster in the MLS. With 8 going under contract in the last 30 days, Bedminster market absorption is 9.4 months.
Visit my Bedminster website to search townhomes for sale in Bedminster, NJ and surrounding areas. You can also search for Bedminster Luxury Properties or for single family homes for sale.
If you are thinking of moving, I can provide a free market analysis of your home’s value in today’s market.