vivian morffi market update [sf] nj marlboro_07746(2)

MARKET UPDATEVivian's

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofAugust 08, 2011

· Presented by Vivian MorffiKeller Williams Realtywww.VivianMorffi.com/[email protected] x163

MARLBORO, NJ 07746

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC

Median List Price

Median Lot Size

13.8

Percent Relisted (reset DOM)

2793

2.5

7 %

Median Number of Bathrooms

186

Inventory of Properties Listed

$ 185

Percent Flip (price increased)

0.50 - 1.0 acre

Median House Size (sq ft)

$ 499,000

45 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

19 %

Percent of Properties with Price Decrease

Strong Buyer's

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±+

±+

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Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

7 15470

1312.5 28

3.0

4

132

4.0 52

231

2

1

1.0 - 2.5acres

25

$ 449,999

4

2

52

4.5

0.50 - 1.0acre

42.8

1846 0.25 - 0.50acre

52

$ 342,450

4.0

250

0.50 - 1.0acre$ 579,900

5.0$ 1,074,900

26

7

3122

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.

Monday August 8, 2011

Vivian Morffi - Keller Williams Realty - [email protected]

51

2569

2.0

The median list price in MARLBORO,NJ 07746 this week is $499,000. The207 properties have been on themarket for an average of 186 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

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MARLBORO, NJ07746

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

207

$ 2,500,000

$ 63,502

$ 645,013

22

Trend Key:

Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However, asthe supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.

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Single Family Homes in


Neighborhood DetailMARLBORO, NJ

07746


Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.

90-day Average7-day Average

Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

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07746


Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


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07746


Market Action IndexThe MARLBORO, 07746 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 13.77. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

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07746


Days on MarketThe properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in thepast 119 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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vivian morffi market update [sf] nj marlboro_07746(2)

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