Monmouth County Real Estate Weekly Market Update – May 31 from Resources Real Estate

Latest Monmouth County residential stats from Resources Real Estate: last week’s sales and new listings, week ending 5-31-20, compared with same period one year ago.

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Monmouth County Real Estate Weekly Market Update – May 26 from Resources Real Estate

Latest Monmouth County residential stats from Resources Real Estate: last week’s sales and new listings, week ending 5-23-20, compared with same period one year ago.

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Resources Real Estate Gathering Honors Agents

Shrewsbury, NJ: Resources Real Estate, the premier independent real estate brokerage in Monmouth County, recently hosted a leadership conference for their agents and staff during which they recognized several sales associates for their achievements during the month of April, the initial days of the coronavirus pandemic. The gathering took place during an online virtual company meeting which took place on May 13, 2020.

“Our agents are providing an important service to our clients during this crisis and taking a leadership role, particularly for those clients who were already in contract and moving toward closing,” said Thomas McCormack, Broker and Senior Partner of Resources Real Estate. “Assisting our clients’ relocation in relocation has drastically changed — showings, inspections, appraisals, and ongoing negotiations have been an integral part of getting our clients relocated.”

The company has implemented CDC and state recommendations since the crisis first began with administrative and marketing staff working remotely from home and agents in the field servicing their clients while implementing safety protocols such as masks, gloves and social distancing during all showings and more.

The agents and staff also have supported local healthcare workers and people in need with food and donations to the staffs of Monmouth Medical Center, Riverview Medical Center and the Atlantic Highlands Food Pantry, the most recent events in their yearlong #20deeds2020 campaign.

Agents honored for their achievements during this period include broker associate Mary Lynn Hughes, from the company’s Atlantic Highlands office, who was named Agent of the Month for the second month in a row.  The award is given to an agent in recognition of sales success including new listings, recent contracts and sold transactions, as well as client recognition of their efforts, and other business-building activities. Hughes had closed sales in Rumson, Eatontown, and the Leonardo and New Monmouth sections of Middletown, NJ.

Sales associate Sahar Karykous (Shrewsbury office) was named Top Listing Agent for having the greatest number of new listings in April including properties in Long Branch and Woodbridge, NJ.

The Featured Luxury Agent Award was presented to sales associate Stacey Farinacci (Rumson office) in recognition of her recent success in the luxury market. Farinacci, a member of Who’s Who in Luxury Real Estate’s Board of Regents, currently represents 22-B Crescent Drive, Brielle, NJ, a land listing available at $3,299,000.

Joyce Diamond, sales associate (Atlantic Highlands), received the Rainmaker Award for her efforts to build her business in an innovative or otherwise significant way.

The Perseverance Award was presented to sales associate Colleen McGowan (Shrewsbury) for having successfully closed a transaction despite great challenges.

Lastly, sales associate Regina “Gina” Gallagher (Shrewsbury) received the Team Spirit Award for coordinating a company virtual sales training called “Pivot!” addressing recent drastic market changes with renowned real estate trainer, Jeff Lobb from SparkTank Media.

“The resilience of our agents and staff continues to impress us during this challenging time,” said McCormack. “Our productivity continues to grow but more importantly, our service to our clients and community calls forth even greater commitment to exceptionalism.”

Real Estate Market Report Update – May

The Coronavirus emergency has greatly impacted real estate markets and they are changing on a rapid basis. We will now be posting weekly market updates to keep you informed of what’s happening out there! Here’s last week’s market activity.

 


 

#resourcesrocks #resourcesproud #resourcesagentsrock #monmouthcounty #coronavirus #realestatemarket #luxuryrealestate #markettrends #homesales #singlefamilyhomes #realestate

Resources Real Estate Releases The Resources Report: 1Q2020

Residential Market Report Provides Context in Time of Change and Uncertainty

Shrewsbury, NJ:  Resources Real Estate, Monmouth County’s award-winning luxury real estate firm, released the company’s most recent The Resources Report for 1st Quarter 2020 single-family residential sales in Monmouth County, NJ, which shows a market in flux even prior to the current Coronavirus shutdowns.

“In this moment of constant daily change in the economy, the public health situation and the world as we know it, it seems hardly meaningful to discuss business that occurred “B.C.” (aka Before Covid),” said Thomas McCormack, Senior Partner and Broker of Resources Real Estate, “And yet, even in times of change and uncertainty, context is helpful.”

The report indicates that while 2019 set new records state-wide for single-family unit sales, Monmouth County did not with 2/3 of the surveyed municipalities showing fewer sales than in the previous year according to Monmouth Ocean Regional Realtors Multiple Listing Service data. In the first quarter 2020 this situation improved with about half of towns showing flat or increased sales numbers; overall county-wide sales were up by over 4% in both units and average sale price for single-family homes.

“The increased demand seemed to indicate that our Spring market would be robust especially as inventory was on the rise,” said McCormack. “While low inventory was at issue in much of the state, we saw total available homes almost twice that of a year ago when many local professionals surmised that sales were down because there were not enough homes to sell.”

How this will play out throughout 2020 is yet to be seen with many sellers pulling their house from the rotation and many buyers observing the quarantine.

While some buyers previously in the market may drop out due to a change in financial ability, others may choose to enter. If transitioning to a buyer’s market, investors will likely enter the fray. Historically low mortgage interest rates will also promote a stronger buyer push.

Agents at Resources Real Estate believe the new market will favor some property types (e.g. spacious yards capable of both fun & social distancing) over others (e.g. high density developments) and pricing will be a key factor.

“The market will continue to be volatile,” said McCormack, “No one has a crystal ball and all will depend on how COVID-19 cases, treatments and vaccines progress. We are already seeing an uptick in buyer activity and expect a rebound of sorts but so many other factors are in play that we will monitor the situation daily and keep our clients well informed.”

The full report and more information is available in The Resources Report: 1Q2020 available at the company’s website and http://bit.ly/resourcesmarketreport.

National Association of Realtors Honors Local Agent – Dolores Isoldi

Shrewsbury, NJ – Dolores Isoldi, Resources Real Estate Sales Associate, was recently honored by the National Association of REALTORS® who bestowed her with Realtor Emeritus status for her contributions to the real estate profession through leadership efforts, committee service, and a longtime commitment to client service and success.

Isoldi, a member of the National Association of Realtors for over 40 years, has demonstrated her industry service by participating in the Monmouth / Ocean Regional Realtors Association Professional Standards, RPAC and Grievance Committees. She is also a certified mediator for the Monmouth / Ocean Board of Realtors. Her local community involvement exemplifies this same unselfish commitment and has included membership in the Sea Bright Planning & Zoning Board, Concerned Citizens of Sea Bright and Clean Ocean Action.

“Dolores’ dedication and continued service to her clients, colleagues and community is admirable,” said Thomas McCormack, Senior Partner and Broker of Resources Real Estate. “But to have done this for over 40 years — and counting — is truly a great accomplishment deserving our respect. We are thrilled that her service has been recognized in such a prestigious manner.”

The National Association of REALTORS® is America’s largest trade association, representing 1.4 million members, including NAR’s institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.

Laura E. Barr joins Resources Real Estate in Rumson | 2/26/20

Rumson, NJ – Resources Real Estate welcomes Laura Eisenberg Barr to their company as a Sales Associate in their Rumson office.

Barr, an award-winning agent with 20 years experience, has established herself as a top producing agent with in-depth knowledge of the Monmouth County market.

“We are thrilled to welcome Laura Barr to Resources,” said Thomas McCormack, Senior Partner and Broker of Resources Real Estate. “Her tremendous skills and talent combined with her deep connection to the local community makes her a very strong client advocate.”

Barr comes to Resources Real Estate with an extensive track record of satisfied clients and successful transactions.  An active member of the community, she and her family have been longtime supporters of local charities and non-profit organizations including the Eisenberg Family Center at Monmouth Medical Center.

As an agent with Resources Real Estate, Barr is now a member of Who’s Who in Luxury Real Estate as well as the Board of Regents of Luxury Real Estate, an exclusive organization of luxury brokers and elite agents from around the world with properties in over 70 countries with a combined value of over $240 billion. Barr is also a member of the National Association of Realtors, New Jersey Realtors, and Monmouth Ocean Regional Realtors.

One of Barr’s newest offerings will take full advantage of the company’s luxury marketing channels: a spacious, waterfront Rumson estate with a rich history and stunning views.

“I am excited to join such a vibrant and progressive company,” said Barr. “Their commitment to client success and agent professionalism as well as their award-winning marketing is a very powerful combination. I am grateful for the opportunity to join the Resources Real Estate and look forward to expanding my business and achieving even greater success for my clients.”

Resources Real Estate Agents Make The Best Seller List | 2/12/20

Shrewsbury, NJ – Everyone loves a best seller.  Resources Real Estate proudly announced their associates who have been honored with the New Jersey Realtors® Circle of Excellence Sales Award® for sales excellence in 2019.

Considered one of the most prestigious honors awarded to Realtors in New Jersey, the NJ Realtors® Circle of Excellence® Sales Award® recognizes those members who have demonstrated excellence in the field of real estate salesmanship.

“Our #1 focus at Resources Real Estate is our clients’ success,” said Thomas McCormack, Senior Partner and Broker at Resources Real Estate. “Our team clearly demonstrates how exceptional service and a total commitment to our clients’ needs translates into sales achievement. It’s a win-win.”

Resources Real Estate associates who were recognized for sales achievement in 2019 included the following:

The Gold Level award for sales of at least $12 million and 25 units was presented to Helen George from the company’s Shrewsbury office.

Receiving the Silver Level award recognizing sales in excess of $6.5 million and at least 20 units were Mary Lynn Hughes from the Atlantic Highlands office, Stacey Farinacci from the Rumson office, and Allison Gregory, Colleen McGowan and JoAnn Davenport all from the Shrewsbury sales office.

The Bronze Level honor signifying sales of at minimum $2.5 million and 15 units was awarded to Tammy Brindise, Gina Farkouh, Lori Eipel and Irene Zitzner from the Rumson office, Carly York from the Atlantic Highlands office, and JoAnn Kulat from the Shrewsbury office.

“Our agents’ passion, perseverance and attention to detail are an asset to both our clients and our company,” said McCormack. “We celebrate their success and look forward to an even more successful 2020. We are already off to a strong start.”

NICHOLAS MCCABE RECEIVES AWARD FOR $3.7 MILLION RUMSON PROPERTY | 1/29/20

Shrewsbury, NJ:  Nicholas McCabe, a sales associate with Resources Real Estate’s Rumson office, recently received the “Significant Sale Award” for representing the buyer of 445 Locust Point Road, Locust, which closed for $3,715,000.

McCabe was able to identify off-market properties for his clients who had specific needs and fell in love with this exceptional waterfront home situated on Claypit Creek in the Locust section of Middletown.

“A key factor in Nicholas McCabe’s success is his in-depth knowledge of the area, particularly Rumson and historic districts such as Locust,” said Thomas McCormack, Senior Partner and Broker at Resources Real Estate.

McCabe received special commendation for the transaction as part of the company’s year end sales awards.

Resources Real Estate 20th Anniversary to Benefit The Community | 20 Deeds in 2020

RUMSON, NJ – Twenty years ago, Carolynn Ozar Diakon founded Resources Real Estate with the goal of building an independent real estate agency with strong market instincts, exceptional customer service and a commitment to the community. In 2020, Resources Real Estate will celebrate her legacy and their 20th anniversary with an initiative designed to match her distinctive personality: “20 Deeds in 2020.”

Diakon, who passed away in 2019, always had big ideas and a powerful personality to bring them to fruition. The Carolynn Ozar Diakon Foundation was created by her family and Resources Real Estate to honor her spirit, with a mission to empower women who face challenges of all kinds. Carolynn’s husband, Robert Diakon, and her three adult children, Gabriel Diakon, Christopher Ozar and Brett Diakon will direct the organization along with Thomas McCormack, Broker of Resources Real Estate.

This year, the #20Deeds2020 effort will take Diakon’s philanthropic efforts to a new level. Resources Real Estate is asking people to perform 20 good deeds during the course of the year. To maximize the impact, the first good deed each participant must perform is to find 20 more people willing to make the same commitment.

“It’s simple really — we want to change the world,” said McCormack, who worked with Diakon since 2002 and was her business partner since 2010.

Not only do they want each person to commit to performing 20 good deeds in 2020, they want each of them to recruit an additional 20 people to commit to 20 good deeds with each of their recruits also committed to adding 20 more people to the effort.

“We intend to create a ripple effect throughout our community, the state of New Jersey and beyond,” said McCormack, “to create a movement that will, in time, improve the lives of thousands of people.”

If that sounds audacious, it’s in keeping with the bold character of Diakon herself.

Throughout its 20-year history, Resources Real Estate has always been a strong community partner. Diakon personally overcame many hardships in her life and was known for her efforts on behalf of mental health, historic preservation, victims of domestic abuse, women’s health and much more. One dramatic example included Diakon taking her family in a rented RV to New Orleans immediately following Hurricane Katrina to assist in relief efforts. Diakon received the Clara Barton Corporate Humanitarian Award from the New Jersey Red Cross in 2013 because of her unflinching commitment to help others.

The #20Deeds2020 initiative doesn’t define what constitutes a good deed — big/small, grand/modest, solo/group, public/anonymous — they all qualify. In addition, the organizers hope that the campaign will provide a platform for many non-profits to gain wider attention and support.

The company, its agents and supporters have already put in motion efforts to support people in need and local non-profits. Resources Real Estate’s commercial division has initiated an effort to collect items needed by Ronald McDonald House of Central NJ located in Long Branch which provides a ‘home away from home’ for families of seriously ill children receiving medical treatment in local medical facilities. Other initiatives include promoting volunteerism at Lunch Break in Red Bank and Mary’s Place by the Sea in Ocean Grove, food donations to the Atlantic Highlands Food Pantry and other efforts. They’ve even enlisted local businesses to provide rewards for those participating in the challenge.

“Positive change starts with one good deed at a time,” said McCormack.

To accept the #20deeds2020 challenge or find out more info on volunteer opportunities and promotions, visit www.20Deeds2020.com or search social feeds for #20deeds2020.

About Resources Real Estate

Resources Real Estate is Monmouth County NJ’s premier ind