MONMOUTH COUNTY SINGLE FAMILY HOME SALES IN TRANSITION | Local Broker releases 3rd Quarter Market Report

Shrewsbury, NJ, October 29, 2019. –  Monmouth County sales results were mixed for third quarter according to one local luxury broker, Resources Real Estate, who just released The Resources Report, its quarterly assessment of local market activity, showing 3rd quarter single-family sales roughly evenly split: half of surveyed towns showed the same or increased sales year to date relative to a year ago and half with fewer home sales.

“At this point in the year, we should have a clearer picture of the trends of 2019 as well as for 1st quarter 2020,” said Thomas McCormack, Resources’ Senior Partner and Broker. “But not only are we seeing a lack of clarity relative to sales, we’re also seeing a less than clear picture regarding prices with increases and decreases year to date, evenly split. It appears the market may be shifting — across all price points.”

While some area towns have experienced significant gains — such as Fair Haven with an almost 22% jump in unit sales — many others are experiencing double digit decreases in single-family sales including Monmouth Beach with an overall 34% drop. Many of the sales increases were a result of 3rd quarter activity, in some cases making up for lackluster sales for the first half of the year.

“Perhaps most interestingly, right now available inventory is up in ⅔ of the surveyed towns, as well as county-wide,” said McCormack. “This is a distinct divergence from national market trends where inventories are still reportedly down significantly, driving prices higher.”

The company has been reporting on the local market for over 10 years, consistently providing the public with an objective market perspective.

“We believe it is important to provide insight about our market and to provide accurate information to our clients,” said McCormack. “However transitional it may seem, we remain confident in this market. We are still closing significant sales at Resources. Although there have been fewer single-family units sold this year, we’ve experienced an increase in dollar volume sales — almost 47% higher compared with a year ago.”

McCormack was quick to add that while such impressive sales figures could be in part a reflection of rising prices, it’s most certainly a testament to Resources’ agents ability to close transactions across all price points including sales in the higher-end home sector which has been experiencing greater challenges than the rest of the market.

The Resources Report is available for viewing on the company’s website at resourcesrealestate.com.

The firm has been recognized for its sales growth and marketing prowess including, most recently, receiving an award for Best Video Marketing from Who’s Who in Luxury Real Estate in September 2019. Resources Real Estate has been recognized by Inc. Magazine for one of the fastest growing private companies in the U.S. for three consecutive years, as well as by NJBiz250 in the state, and was designated a Top Workplace for 2019 by NJ.com.

Atlantic Highlands home inventory is up! Buy now with Resources. | 10/21/19

Shrewsbury, NJ – Market Stats as of October 21, 2019 for Atlantic Highlands, NJ.

Atlantic Highlands single family home sales are up 10.9% YTD. The Median sale price is down -10.3% and new listing inventory is up 22.3! There are a lot of great new homes on the market and now is the time to buy! Sales are up, Inventory is Up – let us help you find your forever home in this stunning coastal town. Contact Resources at 732-212-0440 or drop in to our Atlantic Highlands office today!
#resourcesrocks #resourcesproud #resourcesagentsrock #atlantichighlands

Resources Real Estate Recognized for Best Video Marketing | 10/16/19

Shrewsbury, NJ. October 15, 2019:  Resources Real Estate was an award winner at the 24th Annual Who’s Who in Luxury Real Estate Fall Conference for Best Video Marketing at the organization’s international gathering held on September 27th in Washington D.C.  The distinguished annual event brings together top real estate professionals, industry leaders and accomplished speakers from around the world to connect, share and discuss the latest trends in the luxury real estate industry.

“The Best Video Marketing honor is awarded to the member that best employs video to strategically market or brand their company, community and/or listings,” said Meghan Barry, President of Who’s Who in Luxury Real Estate (LRE). Resources Real Estate’s entry was cited for it’s “Live Like a Local” campaign which promotes local business and well-kept secrets of local communities.

“Video has become more and more important in real estate marketing and we have made it a major focus,” said Thomas McCormack, Senior Partner and Broker of Resources Real Estate, who received the award along with business partner, Robert Diakon. “We use video on multiple platforms with varied goals including property promotion, agent marketing, and lifestyle and local community promotion and we are greatly honored to have received this recognition.”

Resources Real Estate, nominated in 5 categories including Best Brand Integration, Best Video Marketing, Best Overall Marketing Package, Most Innovative Marketing Technique and Outstanding Social Media Savvy, is no stranger to the red carpet. In years past, the company has won for Most Innovative Marketing and Best Overall Marketing at LRE, as well as other industry awards.

Who’s Who in Luxury Real Estate is a global network of select luxury real estate brokers—more than 130,000 professionals with properties in more than 70 countries, who collectively sell in excess of $190 billion annually. This year’s winners were announced at a gala dinner at the Fairmont Washington, D.C. Georgetown and livestreamed around the world.

“We have been a member of LRE for over 10 years and the relationships we have built with brokers from around the globe have been an important component of our marketing plan for luxury properties,” said McCormack. “Having personal relationships with top agents from Europe, Australia, Canada, Central America as well as the U.S. allows us to provide top services for our clients. And being recognized among such prestigious peers is significant.”

Resources Real Estate Named to NJBiz250 for 3rd Consecutive Year | 10/15/19

Shrewsbury, NJ, October 15, 2019 – Resources Real Estate has earned a place on the list of Top 250 Privately-Owned Companies in New Jersey for 2019 by NJBiz. This is the third consecutive year that the company has been included on this list which ranks NJ-based private companies by global revenue.

“Being listed once again on NJBiz’s Top 250 Privately-Owned Companies is a true validation for us,” said Thomas McCormack, Senior Partner and Broker of Resources Real Estate. “This list includes the most successful and innovative private companies in New Jersey and to be included three years in a row demonstrates Resources Real Estate’s growth and market presence.”
Resources Real Estate is no stranger to awards. In addition to NJBiz, the company has been named for multiple years to the Inc. 5000 list of top private companies in the U.S. as well as having been recognized as a Top Workplace and winning numerous marketing awards from Who’s Who in Luxury Real Estate.

“Our success is due to our strong residential sales and expanding commercial division,” said McCormack “which I believe is a result of our superior agent training and award-winning marketing. We are proud to be among NJ’s elite private companies.”

About NJBiz:
NJBIZ, New Jersey’s leading business journal, produces a weekly print edition as well as 24/7 business news coverage through its NJBIZ.com is well-known throughout the state for its events honoring New Jersey’s top business professionals.

About Resources Real Estate:

Resources Real Estate is Monmouth County NJ’s premier independent brokerage serving both residential and commercial clients with an exceptional standard of professionalism and service, state-of-the-art technology and in-depth market knowledge. With over 90 sales associates and support staff, Resources Real Estate services Monmouth, Ocean and Middlesex counties and maintains strong referral relationships with brokers throughout the U.S. and internationally.  Resources Real Estate has offices in Rumson, Atlantic Highlands and Shrewsbury, NJ. Resources Real Estate has been recognized by Who’s Who in Luxury Real Estate, The Board of Regents of Luxury Real Estate, Inc. 5000, NJBiz 250, are members of the Forbes Real Estate Council and was named a Top Workplace for 2019 by NJ.com. www.resourcesrealestate.com

Thomas McCormack and Resources Real Estate Return to Forbes Real Estate Council | 2/27/19

Thomas McCormack and Resources Real Estate Return to Forbes Real Estate Council

Invitation-Only Community for Executives in Real Estate

Shrewsbury, NJ, February 26th ,2019  — Thomas McCormack, Senior Partner of Resources Real Estate, an independent residential and commercial real estate brokerage in Monmouth County, NJ, has been once again accepted into Forbes Real Estate Council, an invitation-only community for executives in the real estate industry.

McCormack was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to once again welcome Thomas McCormack into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Real Estate Business Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

As an accepted member of the Council, McCormack and his team at Resources Real Estate have access to a variety of exclusive opportunities designed to help them reach peak professional influence, connecting and collaborating with other respected leaders in a private forum. McCormack will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

Finally, McCormack will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.

“Once again we are thrilled to have been invited to return to membership in Forbes Real Estate Council,” said McCormack. “The prestige of Forbes combined with the powerful community of top Realtors from across the U.S. is important to Resources continued growth and development of our referral network.”

Sign up for the buzz at http://www.housebuzz.com.

Monmouth County is the place to live. Resources will have your home listed & sold | 1/14/19

Monmouth County Single family home sales were down -1.5% compared with previous year but the average sale price was up 4.2% over 2017 at $432,500. and the absorption rate continues to be aggressive at 4.37 months of inventory.

NOW is the time to get your house listed & sold. Contact our Office at 732-212-0440 / info@resourcesrealestate.com for a market analysis of your home today. Check out homes here at www.resourcesrealestate.com.

Check out the latest Resources Market Report for more details on your town: http://bit.ly/resourcesmarketreport. Sign up for the Buzz at www.housebuzz.com. #resourcesagentsrock #resourcesproud #resourcesrocks

Resources Real Estate’s Jo Ann Davenport Is Exclusive Agent for The West Side Lofts | 12/5/18

Resources Real Estate’s Jo Ann Davenport Is Exclusive Agent for The West Side Lofts

THESE PRIZED PROPERTIES ARE RIGHT IN THE HEART OF RED BANK

Red Bank, NJ, December 4th, 2018 – Resources Real Estate has announced that Jo Ann Davenport, with the company’s Red Bank office, is the exclusive listing agent for the West Side Lofts. Currently there are 13 units available; four 1-bedroom units; six 2-bedroom units; two 2-bedroom townhomes and one live/work unit.

These properties are a rare treat for the discerning renter in Red Bank. Close to the Galleria, the Two River Theater and Broad Street’s restaurants and shopping, The West Side Lofts features impeccable appointments such as high ceilings, over-sized windows, private parking and more.

The West Side Lofts, located at 1 Bridge Avenue, feature a beautiful rooftop lounge and outdoor deck with water views, a sauna, fire pit and grilling facilities. The West Side Lofts also feature a fitness center, cyber cafe and 24-hour management.

“These properties are some of the hottest on the market. The exclusive listing of properties is a real credit to our Red Bank office,” said Carolynn Diakon, Founder and Senior Partner of Resources Real Estate.

“The West Side Lofts is an exclusive community right in the heart of Red Bank. It’s proximity to dining, theater, shopping and the train station make it extremely desirable,” said Thomas McCormack, Managing Partner. “Plus, it is absolutely beautiful. We are very pleased to be working with Metrovation on this exceptional project,” he said.

Sign up for the buzz at www.housebuzz.com.

Oceanport home sales soar. Find you next home with Resources in this Coastal Town | 11/13/18

Home sales in Oceanport are HOT! Single family home unit sales are up a soaring +9.8%. The median sales price is up 2.0% and new listings are up +9.9%. The median list price is down -3.9%. Check out homes here at www.resourcesrealestate.com.

NOW is the time to get your house listed & sold. Contact our Office at 732-212-0440 / info@resourcesrealestate.com for a market analysis of your home today.

Check out the latest Resources Market Report for more details on your town: http://bit.ly/resourcesmarketreport. Sign up for the Buzz at www.housebuzz.com. #resourcesagentsrock #resourcesproud #resourcesrocks

 

 

Resources Real Estate Presents Significant Sale Award for August to Allison Gregory | 10/16/18

Resources Real Estate Presents Significant Sale Award for August

ALLISON GREGORY RECEIVES AWARD FOR $2.5 MILLION RUMSON PROPERTY

Red Bank, NJ: October 12th, 2018 —  Allison Gregory, a realtor with Resources Real Estate’s Red Bank office, has received the “Significant Sale Award” at the company’s September sales meeting. Gregory was the buyer’s agent for 6 Edwards Point Road in Rumson. The award is given to an agent with a sale of a single property of $2.5 million and over.

“Known as “Hidden Cove,” the waterfront property is spectacularly situated on an inlet off the Shrewsbury River,” said Gregory. “It’s truly special.”  With breathtaking water views and sunsets, it’s a boater’s paradise and includes a dock and 1.5 private acres.

“We pride ourselves on our luxury home sales and this is an exceptional property,” said Carolynn Ozar – Diakon, Founder and Senior Partner. “Allison did a fantastic job in representing the new owners of this home during this transaction and we wish them many years of happiness there.”

“With our membership in the Board of Regents of Luxury Real Estate and Who’s Who in Luxury Real Estate we have developed relationships with luxury agents worldwide,” said Thomas McCormack, Managing Partner, “Our ability to service more exclusive clients has grown as well. We’re very pleased that Allison Gregory was able to identify the right home for them and ensure the transaction reached a successful conclusion.

Visit www.resourcesrealestate.com to find your next luxury home.

Resources Real Estate Named to NJBiz Top 250 Private Companies in New Jersey | 9/13/18

Resources Real Estate Named to NJBiz Top 250 Private Companies in New Jersey

COMPANY INCLUDED ON THE PRESTIGIOUS LIST FOR SECOND CONSECUTIVE YEAR

Shrewsbury, NJ, September 13th, 2018 -Resources Real Estate has earned a place on NJBiz’s list of “Top 250 Privately Owned Companies in New Jersey for 2018”. This is the second consecutive year that the company has been included on this list which ranks companies by global revenue.

“Being listed on NJBiz’s Top 250 Privately Owned Companies is a terrific honor for us,” said Carolynn Diakon, Founding Partner. “This list includes the biggest and the best of New Jersey’s privately owned companies and to be included demonstrates Resources Real Estate’s growth and market presence.”

“NJBiz’s Top 250 Privately Held Companies is a tremendous validation of our success,” said Thomas McCormack, Managing Partner. “As an independent firm, it’s important or our innovation and market presence to be seen and recognized. Resources Real Estate’s position is strengthened by our repeated inclusion in this esteemed list.”

The rankings for the “Top 250 Privately Owned Companies” were officially announced in the August 20, 2018, print issue of NJBiz.

The announcement comes on the heels of the company’s announcement that it has also been included in the 2018 Inc. 5000 — an annual list of the fastest growing private companies in the U.S. — for the third consecutive year.

Sign up for the buzz at www.housebuzz.com .