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.
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.
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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.”
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.
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.”
Shrewsbury, NJ, October 30, 2019 — Resources Real Estate announced a record number of client commendations were received by the company in September acknowledging the superior service of their agents and staff. The testimonials were first published at the company’s Shrewsbury sales office during a company-wide meeting on October 9th that also acknowledged recent sales achievements.
“We continually solicit feedback from our clients and are always heartened by the positive response to our service,” said Thomas McCormack, Senior Partner and Broker. “It’s wonderful for all of us to hear how the work we do changes lives for the better and to receive so many in one month was exciting.”
Allison Gregory, sales associate in the Shrewsbury office, was named Agent of the Month for the 6th time this year. This award recognizes an agent for top sales success in the previous month, including new listings, recent contracts and sold transactions.
Mary Lynn Hughes, broker associate in the Atlantic Highlands office, was named Top Listing Agent for securing the greatest number of residential listings.
Broker associate Deborah Toledano (Shrewsbury) was awarded Commercial Agent of the Month.
Joyce Diamond, sales associate (Atlantic Highlands), received the Perseverance Award, an honor presented to an agent who closes a transaction despite great challenges.
The Rainmaker Award was presented to sales associates Jeannette Sieh (Atlantic Highlands) and Silvia Ferreira (Rumson) an honor bestowed on a sales associate for efforts to build business in an innovative or otherwise significant way. Jeannette and Stacey’s focus on hyperlocal marketing using video and social media was heralded as a model for new business development.
Lastly, sales associates Ana DeSilva from the Shrewsbury office received the Team Spirit Award for her continued support of her colleagues.
“We are pleased to close the third quarter with such a strong sales and service record,” said McCormack. “And we look forward to closing out the year on a powerful note.”
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Home sales in Holmdel are SOARING! Single family home unit sales are up +15.9%. The median sales price is up +4.2% and new listings are up +1.4%. The median list price is down -3.6%. 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 / firstname.lastname@example.org 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 Agent Featured on HGTV’s Beachfront Bargain Hunt
ELEANOR “TRISH” COLLINGS PRESENTED THE PROPERTY ON THE POPULAR SERIES
Atlantic Highlands, NJ August 13th, 2018 – Resources Real Estate agent, Eleanor “Trish” Collings, has been chosen to feature a property on HGTV’s popular “Beachfront Bargain Hunt” show. HGTV’s series Beachfront Bargain Hunt follows homebuyers in search of beachfront living on a reasonable budget.
Collings works out of Resources Atlantic Highlands location. The property that was featured is located in the Leonardo section of Middletown, NJ. Collings was contacted by the Show in December, and as is the show’s format, the couple, Collings’ clients, made their choice from three properties in the area. The “reveal” occurred in May and the segment, aired in late June.
According to Collings, the popular show was looking for properties in the Sandy Hook area and they saw her listing. “This was a once-in-a-lifetime opportunity. Being featured on HGTV was a great honor and I thoroughly enjoyed the process,” she said. “I’d love to do it again.”
Collings credits the strength of Resources Real Estate’s support of it’s agents as being a huge advantage in the marketplace. “We are a white glove company and we receive excellent training from Resources,” she said. “I’m proud to be with Resources and to be featured gave me the opportunity to show how focused we are on customer service,” said Collings.
Carolynn Diakon, Founder of Resources Real Estate said, “HGTV’s Beachfront Bargain Hunt is a very popular series for the channel. It was a lot of fun to see Trish and her property featured on this show. Most importantly, this selection speaks to the beauty and accessibility of our local beachfront.”
“This was a great opportunity to showcase not only this particular property, but the amazing beachfront that we have in this area,” said Tom McCormack, Managing Partner.
Trish Collings and her “Beachfront Bargain Hunt” can be seen on HGTV, Season 4, Episode 2.
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Monmouth County Update –
Single family home unit sales are down this week -0.3%. The median sale price is up now +3.8% and new listings are down -8.3%. The median list price is up +7.8%. We need inventory out there! NOW is the time to get your house listed & sold. Contact our Office at 732-212-0440 / email@example.com for a market analysis of your home today.
Check out this truly charming estate for sale in Rumson. With a back yard perfect for entertainment and a spacious interior it is great for any family.