Mansion Monday | 80 W. River Road Rumson, NJ 07760

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440This stunning home features 10.4 acres, over 22,000 square feet, 5 bedrooms, 7 full & 4 half bathrooms, 7 fireplaces, a home theater, terraces, heated pool & spa, private beach, dock/boat lift, care takers cottage, sport court, gym, heated tiled 6-car garage, wine cellar, elevator. Call Jessica Hall Hickey 732-212-0440.

#resourcesrocks #resourcesagentsrocks  #resourcesproud  #rumson

The RESOURCES Real Estate Market Report | 2017 Summary

How did your town do in 2017?  Check The RESOURCES Report for market conditions and trends for your home.Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440

#atlantichighlands #rumson #monmouthbeach #coltsneck #fairhaven #holmdel #littlesilver #longbranch #middletown #oceanport #redbank #shrewsbury #monmouthcounty

 

 

The RESOURCES Real Estate Market Report | 2017 Summary

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440This past year was nothing if not interesting. Forgive us if we were distracted from much of what was going on… but we were busy. While many this past year were focused on the stock market and Washington, we were engrossed in real estate sales. For local real estate, 2017 was a strong year — the 10th year in a row of increased unit sales in Monmouth County. In all but one of our surveyed markets, single-family unit sales were up relative to the previous year and if we’re going to single out a possible cause for that one holdout market (Atlantic
Highlands) it’s the lack of inventory (down over 45%).

Inventory is down —way down— in all of our surveyed towns as well as across Monmouth County where it’s down over 35%. This certainly is holding back even greater market increases. While local sales were strong —across all of Monmouth County single-family unit sales were
up over 11% — at Resources Real Estate we far surpassed the norm and saw a 31.5% increase in our single-family unit sales this year (and a 34% increase across all categories.)

 What about prices you ask? Many, but certainly not all, of our surveyed towns showed median sale price increases (they range from -5% to +15%) but it’s important to note that this does not indicate an across the board change in value but certainly indicates buyers have been willing to spend more. Low inventory, sales price gains, low mortgage rates, strong economy… sounds like a perfect time to sell. Of course, there has been discussion of how the new tax law will impact our markets given the reduction in state and local tax deductions and a lower mortgage interest deduction cap. While there may be some “sorting out” time as taxpayers understand the law’s impact, overall we don’t expect any major disruption to our market. There may be some higher-end buyers who pause their search due to reduced deductions but because these issues relate to higher priced homes with higher than average tax bills, these buyers will find similar scenarios awaiting them if they are shopping in competing suburban communities in northern New Jersey, Westchester and Long Island, and southern Connecticut. Indeed, Monmouth County prices and taxes are generally more favorable to much of its competition among NYC commuter communities. And although debatable, there’s reason to expect that much of our higher end market will benefit because of corporate tax benefits and a robust and growing stock market. It’s an interesting market. Give us a call if you have any questions or if you’re ready to make a move.
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FOR IMMEDIATE RELEASE:

Resources Real Estate presents sales associates with the December Awards

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440

Rumson, NJ, January 15th 2017 — Resources Real Estate presented several sales associates with company awards to honor their outstanding achievements during the month of December 2017.  The company meeting took place on January 3trd at the Navesink Country Club in Rumson.

Sales Associate, Gina Farkouh, who works in the Rumson office, was named Agent of the Month.  This award is given to an agent in recognition of his or her sales success in the previous month, including new listings, recent contracts and sold transactions, as well as past client recognition of their efforts, and other business-building activities.  Gina’s total business for the month of December was $2,696,000, including $2,245,500 in sales closings and $449,500 in properties under contract.   Gina was bestowed with a second honor – the Commercial Agent Award – for selling the two-story, 5,460 squared foot building at 162 State Route 35, Eatontown, for $1,125,000.  A member of Luxury Real Estate’s Board of Regents, Gina received one final award – the company’s Regency Award – for having earned 62 agent points for the month of December.

“Gina has won many awards over her years at Resources,” said Carolynn Ozar-Diakon, Senior Partner and Broker.  “The combination of knowledge in construction and development and a fantastic personality in a seasoned real estate agent makes Gina very popular with her clients.  Her ability to master both residential and commercial properties is invaluable.”

Jeanette Sieh from the Atlantic Highlands office received the Perseverance Award.  This award is presented to an agent who closes a transaction despite great challenges.  Nominated for this honor by Atlantic Highlands office manager Mary Lynn Hughes, Jeanette successfully managed to bring a sale to completion after the first offer fell through.  With Jeanette’s dedicated support, the property got into a bidding war and received a winning offer.

Jo Ann Davenport, from the Red bank office, was named Featured Luxury Agent.  This is an award given to a sales associate active in the luxury market with a residential listing above $1 million.  Jo Ann represents the beautiful three-bedroom, two-bathroom home at 395 Ely Avenue Road in Freehold, listed for $1,300,000.  This property, along with the three-bedroom, two-bathroom home at 62 Memorial Pkwy in Atlantic Highlands, listed for $319,000, won Jo Ann the Top Listing Agent award as well.

“December is traditionally a slow month,” said Thomas McCormack, Managing Partner and Broker.  “Christmas shopping was in full swing and yet despite that and the cold temperatures and snowstorms, our team maintained strong numbers for both residential and commercial properties. We are very happy with the results.”

About Resources Real Estate:

Resources Real Estate is an award-winning Monmouth County, NJ full-service independent residential brokerage firm, with four offices and a team of more than 95 sales and support personnel.  It has been included in Inc. Magazine’s list of the fastest-growing privately owned companies in the U.S. — the Inc. 5000 — as well as the NJ Biz 250 of the top private companies in New Jersey.  It has been recognized by Who’s Who in Luxury Real Estate for its innovative and superior marketing.  Resources Real Estate was opened by Carolynn Diakon in 2000.  Thomas McCormack has been with the company since 2002, and joined Diakon as a partner in 2010.  Both Diakon and McCormack are members of the prestigious Forbes Real Estate Business Council.  Resources Real Estate locations are: 36 Beach Rd. in Monmouth Beach, NJ, 112 River Rd. in Rumson, NJ, 4A W. Front St. in Red Bank, NJ, and 65 First Ave. in Atlantic Highlands, NJ.

For more information, call (732) 212-0440 or visit http://resourcesrealestate.com

For more information contact:

Jane Robinson | jane@resourcesrealestate.com | (732) 212-0440

Resources Real Estate, 112 E. River Rd.Rumson, NJ 07760

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Mansion Monday | 603 Martins Lane Red Bank, NJ 07701

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440603 Martins Lane, Red Bank, NJ 07701 | Seashore Colonial set on over 2.5 acres of park-like property features 5 bedrooms, 5.5 bathrooms, stunning grand foyer with custom dual staircases, classic marble floors, 2-story great room, gourmet kitchen with stainless steel appliances, granite countertops & custom cabinetry, 1st floor guest suite & huge bonus room, wrap around porch, pool/spa, 3 car garage, gas generator, and more.

Call Tammy Brindise at 732-212-0440 for more information.

Weekly Market Buzz | 1/15/2018

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440Monmouth County had a productive 2017 with an 11% unit sales increase in single-family homes and a 2.47% higher median sale price. The list to sale price ratio narrowed by a full percentage point to 96%. And by year end, county-wide there was only 4.7 months of inventory; the available inventory was down 13%.

The RESOURCES Report

Resources Real Estate’s 2018 Predictions

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440

Happy New Year 2018! Now that 2017 is behind us we can look forward to a prosperous New Year!

2017 saw low inventory and is continuing to trend that way so far in 2018.  While inventory is low and in strong demand, home prices are expected to rise making it a great seller’s market. New construction is predicted to be the primary driver in sales this year. Millennials who are on the hunt for a family home and homeowners who are looking to upgrade or downgrade your current living space should start the process now.  Resources Real Estate is on the list of Inc 5000’s fastest-growing private companies in the USA for the second consecutive year. With an amazing marketing team, knowledgeable, honest and compassionate agents on your side, your experience will be nothing but smooth sailing!

~Stephanie Ortiz ~ Sales Associate ~ Atlantic Highlands Office

Resources Real Estate’s 2018 Predictions

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440“I have witnessed an amazing growth of the real estate market during the past few years.  My experience, tells me that we will continue to see more first time home buyers, increases in home values and steady mortgage rates, all leading to a strong 2018 market.   The rapid movement in the sale of homes, will help homeowners to move “UP” and this will make room for new owners. A robust real estate market is a indicator of a strong economy and a positive consumer outlook.  For me, being a realtor is no longer a job, it has become a way of life and my clients become friends.”

~Michele Achimov ~ Sales Associate ~ Red Bank Office