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$329,900
302 VALLEY ROAD
SHOWPLACE*ALL RENOVATED*BOM 1/11 BUYER DIDN'T GET MTG. NEW KITCHEN WITH WALNUT CABINETS,GRANITE COUNTERTOPS,CERAMIC FLOOR,BREAKFAST BAR & STAINLESS STEEL APPL. A BTHRM TO ENVY! STEP DOWN FAMILY ROOM, ...
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Just Closed – 75 Nassau, Clark
I happy to announce that my listing, 75 Nassau in Clark, NJ closed this week for $440,000. Originally listed at $465,000 this home is a beautifully landscaped Bi-Level nestled in a great neighborhood. This home has 3 beds, 2 baths and sits on a 75×100 lot with a huge deck off the dining room – overlooking a heated in-ground pool with a brand new heater to keep the water warm till early October. Vinyl Fence installed in ’09 around the entire yard, new Timberline roof installed in ’09, water heater replaced in ’07, and fully functional in-ground sprinkler system to keep that grass green all Summer. Neutral colors, and hardwoods throughout, along with tile flooring in the Den/Wetbar area. Anthony J. Gonzalez Better Homes Realty (908) 565-0457 Email: anthony@aagrealestate.com Website: Clark, NJ real estate
CONGRATS TO SELLING A HOME AND BUYING A NEW ONE… SUCCESS STORY COMING OUT OF THIS MARKET!
I would like to congradulate a dear friend that I have known almost my whole life on selling her home in Clark and purchasing a new one in Tinton Falls. Both are beautiful homes and I wish you the best in your new one. My client and friend sold 130 Prospect Street in Clark for $420,000 and purchased 88 Augusta Street in Tinton Falls for $434,500. Take a look at these two homes and what Pat had to say about us working together on these deals... 130 Prospect Street, Clark, NJ Click on the photo for property details. 88 Augusta Street, Tinton Falls, NJ SOLD FOR $434,500. THIS HOME WAS IN BEAUTIFUL MOVE-IN CONDITION HOME ON A SPACIOUS CORNER LOT. UPGRADES INCLUDED RENOVATED MASTER BATH(BEAUTIFUL TILE) 2010, NEW WINDOWS AND SLIDER IN FAMLY ROOM (2008), NEW TILE FLOOR IN KITCHEN, FAMLY ROOM AND 1/2 BATH (2004), NEW FURNAACE (2009), FULL FINISHED BASEMENT W/ BERBER CARPET, ELECTRIC FIREPLACE IN FAMILY ROOM, NEWER OVEN/MICROWAVE & LIGHT FIXTURES IN KITCHEN, SPRINKLER SYSTEM FRONT YARD W/ NEW SPRINKLER HEADS (2010), PLUS BEAUTFULL LANDSCAPING. THIS HOME IS A WINNER!!!!!! "I can't thank Anthony enough for his perseverance. He was truly the only reason why everything came together with my buy/sell. Even during the most stressful of times, he was calm and kept everyone focused on the big picture. If you have the pleasure to work with him, you will get to know his "Anthonyisms". His constant communication, honesty and professionalism made working with him a true pleasure. He is an outstanding Realtor and an even more outstanding person. Thanks again Anthony! Love my new house!!" CONGRATS AGAIN PAT, YOU ARE GOING TO LOVE TINTON FALLS! For information on Clark, NJ... For information on Tinton Falls, NJ... Anthony J. Gonzalez Better Homes Realty (908) 565-0457 Email: anthony@aagrealestate.com Website: Clark, NJ real estate
Just Sold… times 2!!!!!! Real Estate really is Affordable these Days
I have been fortunate enough to close to homes last week. Congradulations to all the new homeowners. Enjoy your homes! There are reports that real estate is at near-record affordability. The proof is in the pudding. I have closed 2 homes in one week. Throughout the winter, realtors were lucky if they closed 1 home a month. Homes are affordable (please see the report below from Inman News) and rates are LOW! ”I am grateful for the lawn that needs mowing, windows that need cleaning, and floors that need waxing because it means I have a home.” ~Author Unknown 88 Augusta Street in Tinton Falls 3 bedrooms, 2.5 baths, 2-car garage, full finished basement. Listed for $459,900, Sold for $434,500 130 Prospect Street, Clark, NJ 4 bedrooms, 2 baths, fireplace, and hot tub in spacious yard. Listed for $434,000, Sold for $420,000 Near-record affordability in real estate The share of homes that families making the national median income could afford to buy remained above 70 percent for the sixth quarter in a row, according to the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Nationally, the HOI was at 72.3 percent in the second quarter, unchanged from the same time period last year and close to the index’s record-high 72.5 percent, set in first-quarter 2009. The HOI tracks the share of homes sold in a particular area that would have been affordable to a family earning the local median income. The index assumes a family can afford to spend 28 percent of its gross monthly income on housing, according to NAHB’s website. Annual median family income estimates by metropolitan area come from the Department of Housing and Urban Development. In first-quarter 2009, there was a 10.1-percentage-point jump in the affordability index from fourth-quarter 2008, and it marked the first time the index jumped into the 70s range in the index’s nearly 20-year history. To calculate cost, NAHB uses sales data from CoreLogic. The monthly principal and interest a homeowner would pay assumes a 30-year fixed-rate mortgage, a 10 percent downpayment, and an interest rate equal to a weighted average of fixed and adjustable rates during that quarter. Estimated property taxes and property insurance rates from the 2000 Census are included; mortgage insurance is not. The median home price nationwide was $179,000 in the second quarter of this year, up from $177,000 in 2009?s second quarter. The weighted interest rate was slightly higher, 5.11 percent, in the second quarter compared with 5.03 at the same time in 2009. The national median income was $64,400. The index covered 225 metro areas. NAHB attributed the continuing high level of affordability to favorable interest rates and low home prices. “Homeownership is within reach of more households than it has been for almost a generation,” said Bob Jones, the building association’s chairman, in a statement. “Interest rates continue to hover at historic low levels, the economy is beginning to rebound, and with house prices starting to stabilize, conditions are beginning to draw homebuyers back into the market, which is a positive step on the path to recovery.” Three Rust Belt states featured prominently among the top 10 most affordable metro areas: Ohio, Michigan and Indiana. Syracuse, N.Y., was the most affordable metro area in the country, where households with the area’s median family income of $64,300 could afford a whopping 97.2 percent of homes sold. That metro area pushed Indianapolis-Carmel, Ind., which had held the top spot for nearly five years, to the 14th most affordable metro area. Syracuse had a median sales price of $88,000 in the second quarter, compared with $179,000 nationwide, according to the NAHB. Syracuse is “not a boom and bust city,” said Don Radke, president of the Greater Syracuse Association of Realtors. “We’re not a Wall Street. We don’t have that kind of an economic engine or drag. We’re a working-class city with a strong education and medical component to it, and it just rolls along. Sure, (the lending environment) is tougher than three years ago, but we’re still making loans. “We have a very educated workforce — good, solid financial families day-in and day-out, and those people can get loans,” Radke said. “Our sales are down numerically, but our prices are holding. We didn’t get into the toxic loan situation. Our foreclosure rates are nowhere near the rest of the country. All real estate is local and we’re a good example of that.” Radke also said that the median sales price for Syracuse was around $130,000, according to figures kept by the association, which has about 1,400 members. That contrasts with CoreLogic’s median of $88,000. Syracuse’s non-seasonally adjusted unemployment rate was 8 percent in July, compared with 9.7 percent nationally, according to the Bureau of Labor Statistics. Meanwhile, other areas that ranked highest in terms of home affordability also had high unemployment rates. All but two in the top 10 most affordable areas had unemployment rates higher than the national rate. The average for all 10 areas was 11.5 percent. That compares with a 10.3 percent average rate for the 10 least affordable metro areas. Though the unemployment rate in Bay City, Mich., was at 12.8 percent in July, the home sales this year have been better than last year, according to Bob Adamowski, CEO of the Bay County Realtor Association. “Our market has been very good for the last couple of years. We set the third-highest total in closings last year of any year that we’ve been keeping records, back into the 1970s,” Adamowski said. “The reason for that is our average price went from a high of about $106,000 down to about $54,550. We’ve had an awful lot of foreclosures. Probably half of the sales are foreclosed or (bank-owned) properties.” California dominated the list of top 10 least affordable markets, accounting for seven out of 10. The San Francisco metro area was the second least affordable area in the nation among those ranked, after the New York City metro. It’s HOI score was 21 — a median-priced home in the San Francisco metro area cost $610,000 in the second quarter, according to the NAHB. Affordability is definitely an obstacle to making sales, said San Francisco agent Cece Blase. “Buyers now are already nervous and a San Francisco home is a huge investment. Even if they qualify for (a loan from the Federal Housing Administration), the monthly payments are still eye-popping and a big commitment,” Blase said. ”I also frequently get inquiries from serious buyers moving to the area who want to start out considering San Francisco proper, but then fan out their search and ‘drive until they can buy’ in some part of the Bay Area that is more affordable.” Historically, however, prices in California are more affordable than they have been in years, according to Leslie Appleton-Young, chief economist for the California Association of Realtors. “California is still very affordable today compared to what it looked like a few years ago. There’s been a lot of competition for distressed properties. We have a lot of first-time buyers and a lot of investors active in our distressed market,” Appleton-Young said. That view was echoed by San Diego sales associate Jennifer Brimhall. “This downturn in our economy, coupled with all-time low interest rates, has made purchasing a home very desirable indeed for some. Those first-time homebuyers and investors are competing for entry-level-priced homes. So even though our ratios are high, the homes are more affordable than (in) recent years, and long-term San Diegans are buying,” Brimhall said. “What is affecting business is job security and difficulty qualifying for jumbo loans for higher-priced homes. That market is very flat — more inventory, few buyers. Cash is king of course,” she added.
BHR
(800) 531-2885
betterhomesus.com
InterCounty Mortgage
Network
(800) 498-6141
intercountymortgage.com
Crystal Title
(732) 791-9000
CrystalTitle@ctanj.com
crystaltitleagency.com
