Resources Real Estate Exceeds Sales Goals for 2nd Quarter of 2017 – and Advises Investors on Summer 2017 and Beyond
Monmouth County, NJ, August 15th, 2017 — Resources Real Estate, Monmouth County’s award-winning luxury real estate firm, announced that it had exceeded its 20% sales goal after the second quarter.
Through June 30th, 2017, Resources Real Estate’s overall dollar volume sales are up 23% relative to 2016, with unit sales up 14% and median sale price up 46.4%.
June 2017 proved to be a particularly strong month for Resources Real Estate, with over $20mill in total sales, over $10mill of them in Hoboken.
The rapid growth and development Resources Real Estate has seen during 2017 could be attributed to many factors. Besides statistics of the local real estate market – more on that below – the firm has taken several strategic steps this year that have made a difference.
In April The Ozar Group joined Resources, expanding the firm’s reach to include luxury residential and commercial properties in Hudson County. In May, Resources appointed office managers to the four Monmouth County locations to streamline operations by managing agent goal-setting and performance review and supporting agents through challenges and negotiation. Throughout the year, Resources continued to emphasize the lifestyle aspect of their brand by highlighting Monmouth County towns and launching social media hashtag campaigns, as well as creating micro-sites dedicated to the activities and cultural happenings taking place in these communities.
“We are thrilled with the results of the second quarter,” said Carolynn Ozar-Diakon. “We will continue to innovate to stay competitive in the luxury market, and we will keep on offering more and more international properties to our clients, as well as expose our clients’ properties to international buyers.”
On its award-winning website, Resources updated its “Market Report” section, detailing the current real estate market in Monmouth County broken down by major markets and showcasing Q2 results in comparison to last year’s. One notable figure: increased sales in 75% of all surveyed towns for Q2 were followed by a deep drop in inventory, as most people prefer to use the summer for vacation and relaxation. Despite that, price still plays a major role: two thirds of markets surveyed showed increases in median sale prices since last year and in those areas where the median sale price was $550,000 or less, sales have been particularly rapid.
Fair Haven has been a true gem for Monmouth County, reporting an astounding 60% increase in sales. According to reports, Fair Haven’s median home values went up 4.55% since March 2016. Fair Haven was followed by Long Branch, with close to 33% increase in sales.
In Hudson County, published reports show that Hoboken’s median home values went up 12.55% since March 2016, while Weehawken’s median home values surged a whopping 25.15% in the same time period.
“We offer our clients much more than just representation,” said Thomas McCormack, Managing Partner and Broker at Resources Real Estate. “We advise, educate, guide, make recommendations, help clients negotiate, and find new ways to market and promote our listings, as well as go out of our way to find properties for buyers.”
More information is available on Resources Real Estate’s “Market Report” at this link: http://www.
Home buyers and sellers and those selling or seeking to purchase commercial properties are welcome to contact Resources Real Estate at 732-212-0440 or stop into one of the four local offices in Rumson, Red Bank, Atlantic Highlands, or Monmouth Beach.
Download hi-res photos: bit.ly/RRE2Q2017
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 85 sales and support personnel. It has been included in Inc. Magazine’s list of fastest-growing privately owned companies in the U.S. — the Inc. 5000 — and recognized by Who’s Who in Luxury Real Estate for its 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. 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 contact:
Resources Real Estate, 112 E. River Rd., Rumson, N.J. 07760