Health & Fitness
Gloucester Twp NJ Real Estate Market Comparison
The Gloucester Twp NJ real estate market had a very healthy January for this year. The number of homes that sold and went pending were very strong. The numbers are taken from TReND and although this data is accurate, there could be some errors due to incorrect data responses.
Gloucester Twp NJ Home Sales Financial Statistics
In January 2014, 39 homes sold in which the average sales price was $161000 and on average sellers received approximately 94% of their asking price. In January 2013, there were 33 homes that sold in Gloucester Twp NJ and sellers also received 94% of their asking price. The average sale price of 2013 was $140000. So you see there is a significant increase from 2013. Also in January 2014, there were 42 homes that went pending!
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Sellers Concessions
A sellers concession, is when the buyers makes an offer and asks the seller to assist them with closing cost. This has become more popular in recent years with buyers and is considered by most sellers when asked. However, the seller must remember this comes from the sellers bottom line or net.
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In January 2014 there were 15 sellers concession and the average concession was $5258. In January 2013 the average concession was $4608 and there were 11 concessions given by sellers.
How Did Buyers Pay
In January 2013 we had 9 cash sales, 10 conventional, 13 FHA and 1 VA sale. In January 2014 buyers preferred paying by mortgage. There were only 7 cash sales, 15 Conventional, 15 FHA and 2 “other”.
Distressed Home Sales
As far as distressed homes in Gloucester Twp NJ there was not much of a change from 2013. January of 2013 had 2 foreclosures and 4 short sales, while January 2014 had 5 short sales and 1 foreclosure.
Various Statistics For Gloucester Twp NJ Homes For Sale
The average days on the market increased just a bit for the January 2014 sales. In the prior year, the average DOM was 121 days while in January 2014 the average DOM was 147 days.
There were no reported new construction homes sold in January 2013 and 1 new construction reported in January 2014. The number 1 development for sales in January 2014 was Broadmoor.
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Dave Sulvetta is a top producing agent with RE/MAX Connection, of Turnersville, NJ.
