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MONMOUTHCOUNTY.HOMES
BY ROK REALTY
FEATURED LISTINGS
- 1/6 6Coming Soon
$ 795,000
4 Beds3 Baths0.26 Acres Lot8 Shadow Ridge Court, Howell, NJ 07731
Single Family Home
Listed by C21/ Action Plus Realty
- Coming Soon
$ 739,000
3 Beds2 Baths2,285 SqFt5 Arbor Way, Ocean Twp, NJ 07712
Single Family Home
Listed by Preferred Properties Real Estate
- 1/28 28Open Sat 10AM-4PM
$ 691,755
3 Beds3 Baths2,590 SqFt87 Churchill Boulevard, Plumsted, NJ 08533
Single Family Home
Listed by Lennar Sales Corp.
- 1/30 30Open Sat 10AM-4PM
$ 820,840
3 Beds4 Baths2,913 SqFt104 Churchill Boulevard, Plumsted, NJ 08533
Single Family Home
Listed by Lennar Sales Corp.
- 1/11 11Open Mon 12PM-4PM
$ 779,990
3 Beds3 Baths2,875 SqFt173 Woolley Court, Ocean Twp, NJ 07755
Condo
Listed by Lennar Sales Corp.
- 1/24 24Coming Soon
$ 595,000
1 Bed1 Bath896 SqFt1382 Ocean Avenue #C2, Sea Bright, NJ 07760
Condo
Listed by Ward Wight Sotheby's International Realty
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RECENTLY SOLD
- 1/24 24
$ 460,000 0.2%
$ 459,000
3 Beds1 Bath0.42 Acres Lot790 Rue Lane, Toms River, NJ 08753
Single Family Home
Listed by Imperial Real Estate Agency
- 1/41 41
$ 371,000 0.5%
$ 369,000
2 Beds2 Baths1,124 SqFt11 Banning Court, Toms River, NJ 08757
Single Family Home
Listed by Imperial Real Estate Agency
- 1/20 20
$ 784,700 1.8%
$ 799,000
3 Beds2 Baths2,048 SqFt103 Chicago Avenue, Point Pleasant Beach, NJ 08742
Single Family Home
Listed by Keller Williams Park Views
OPERATING TEAM
MY BLOGS
Real Estate Market Today: December 2024 (Housing Market Predictions, Anchor Tax Benefit, & More
Robert O'Keefe - ROK Realty Group 📱 (201) 374-7334 (Text/Call) 📧 robert@rokrealtygroup.com 🌐 https://ROKRealtyGroup.com Welcome to the December 2024 edition of the ROK Realty Report! As we wrap up the year, we have some insightful market trends and important updates to share that can help inform your real estate decisions. Market Trends: For the first time in over three years, existing home sales have increased year-over-year, rising by 3.4%. The median sales price has climbed 4% from last year, marking 16 months of consistent price growth. Inventory levels have risen by 0.7%, providing a 4.2-month supply at the current selling pace. While this is a slight dip from the previous month, it's still higher compared to last year. Mortgage rates have stabilized, with the 30-year fixed rate averaging 6.84%. Notably, first-time homebuyers have become more active, making up 27% of sales—a month-over-month increase. Cash sales held steady at 27%, indicating investor confidence in the market. Inventory Insights: National single-family home inventory has surged by 27% compared to last year, offering buyers more options. Despite this rise, inventory levels are still below historical averages, maintaining a competitive market. Interestingly, 40% of US homes are mortgage-free, and with household equity at a record high of 73%, sellers are less pressured to lower their asking prices. This has supported continuous price growth over the past two years. Navigating the Market: Understanding the relationship between inventory levels and pricing is crucial for both buyers and sellers. As inventory levels improve but still don’t fully meet demand, the market is expected to see moderate yet sustained price increases. Key Update: Don’t miss the New Jersey anchor tax benefit deadline on December 6th. This benefit is available for both renters and homeowners, offering an excellent opportunity to earn some extra cash for the holidays. Applying is simple, and the state has provided a direct link to the application, which we’ve included below. Looking Ahead: We hope you found this report informative. As always, feel free to reach out if you have any questions or need deeper insights into your local market. Wishing you all the best as we head into 2025! Make it a great day, The ROK Realty Team
Read MoreReal Estate Market Today: November 2024 (Housing Market Predictions, Election Cycle, & More)
🔔 Subscribe ➡️➡️➡️ https://bit.ly/4b8PJJI Robert O'Keefe - ROK Realty Group 📱 (201) 374-7334 (Text/Call) 📧 robert@rokrealtygroup.com 🌐 https://ROKRealtyGroup.com 🏡 ROK Report: November 2024 - Election Year Insights! 🗳️✨ Hey ROK Realty Family! Welcome to the latest episode of the ROK Report for November 2024! 📊 Whether you’re buying, selling, or just keeping an eye on the real estate market, we’ve got some fascinating insights for you during this election year. 🔑 Here are 5 Key Takeaways: 🏠 Stabilizing Sales: Sales of existing homes have cooled slightly as buyers navigate mortgage rates and affordability challenges. Despite this, sales have held steady over the past year. 📉 Trending Mortgage Rates: Mortgage rates are a bit lower than last year, trending in the high 6% range. This might make the market a bit more favorable for buyers in the coming months. 🗳️ Election Impact on Sales: During election years, home sales usually dip slightly as people "wait and see," but they typically rebound by December, with strong sales the following year. 💹 Resilient Home Prices: Even in election years, home prices tend to rise. In fact, prices increased after 7 of the last 8 election cycles! 📉 Steady Decline in Mortgage Rates: Historically, mortgage rates drop from July to November in election years, making homes more affordable for buyers—2024 seems to be following this trend. 🎉 Fun Fact: Did you know that after 9 of the last 11 elections, home sales rebounded by December and stayed strong the following year? The real estate market always finds a way to bounce back! 👋 Outro: We hope you found these insights helpful! Remember, while election years bring some uncertainty, the real estate market remains resilient. Keep your real estate goals in sight, and the rest will fall into place. 📢 Call to Action: Have questions? We’re here to help! Drop us a comment or reach out if you want to discuss your real estate plans. Let’s start planning for the exciting times ahead! Thanks for watching, and stay tuned for next month’s report! _________________ Disclaimer: all the content on our sites and pages is for entertainment purposes only and does not constitute any advice or recommended courses of action.
Read MoreProblems with Over 55 Communities Investments
Exploring the Investment Potential of Over 55 CommunitiesInvesting in over 55 communities can seem like a lucrative opportunity, but it's essential to understand the inherent limitations and risks. In this piece, we unpack some critical points to consider before diving into this niche market. Key LimitationsSingle-Unit Dependency Investors typically track their portfolio's health by the number of units owned. In a single-family setup, a vacancy can drastically impact the cap rate and overall return. Diversifying with multiple units under one roof can provide financial stability if one tenant moves out.HOA Rules and Restrictions Homeowners' Associations (HOAs) often have stringent guidelines that can affect investments. For example, some communities limit the number of rental units allowed. In one notable case, an investor couldn't rent out his unit due to a cap of five rentals in the community. Knowing these rules upfront can save you from costly mistakes and ensure smoother investment operations.Renters' Economic Stability Tenants in over 55 communities are usually retirees, presenting unique risks. There's always a chance that their finances could run out, or if they pass away, the property might sit vacant while their affairs are settled. This is a stark difference from renting to the general working population, who typically have a more stable income.Due Diligence is CrucialBefore investing, thorough research is indispensable. We at Rock Realty LLC can assist in navigating HOAs and their rules, leveraging our extensive database to keep you informed. If you inherit a property in one of these communities, consider the pros and cons before deciding whether to rent or sell.Conclusion:While there are potential gains, the pitfalls in over 55 communities are significant. Legislative changes in New Jersey do allow for more flexible property retention, but awareness and preparation are your best tools. If you have any inquiries or need personalized advice, feel free to reach out to us at over55nj@gmail.com, schedule a chat at over55nj.chat, or browse active listings at over55nj.Take these insights into account, and ensure your investments are sound and well-informed.
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