28 Guinea Hollow Road in Tewksbury Township is now priced at $475,000. This updated, 4 bedroom, colonial home is perfect for a buyer looking for a retreat-like property in a nature-rich setting but still close to commuting, shopping, and/or schools.
For more information and/or to schedule an appointment to visit this home, visit www.28guineahollow.com or contact listing agent, Robin Eskind at 908-361-1857 (cell) or 908-975-9756 (office).
Tewksbury Real Estate
According to the Garden State Multiple Listing System (GSMLS), in 2014, 84 properties in Tewksbury Township closed. On average, these homes sold at 93.7% of their final list price. The numbers regarding 2015 sales were strikingly different: 79 properties closed and the average sale price to list price ratio was 96% (in 2013, it was 88 sold properties and the ratio was 95.7%). We watch local sale to list price ratios as an indication of buyer tolerance for overpricing. In other words, if we assume that a buyer won’t buy a home for over its market value (of course, market value is nothing more than just the number where both the buyer agrees to buy and the seller agrees to sell), if we see this ratio at a lower number, it indicates that buyers are willing to make offers on houses even where there’s a large divergence between what the asking price is and market value. If the ratio is high — close, at, or over 100% — that shows that deals come together when homes are priced very close to their market value.
What this means if you’re a seller. In a market with a high sale price to list price ratio, a seller is advised to pay close attention to the interest in their home at their asking price because if there isn’t significant buyer interest at a particular asking price, it may be that the seller’s perception of the market value of their home is out of line with the perception of buyers in that market.
What this means if you’re a buyer. Buyers in a market with a high ratio should expect stiff competition from other buyers if they see a home priced close to market value and on houses priced above market value, buyers should be encouraged to make offers, despite the gap between asking price and what they think the market value of the home is, i.e., to wait for the seller to drop the price to closer to market value before making an offer could be a losing strategy because it might only mean waiting to make an offer in an environment of competition from other buyers.
Now what? If you would like an analysis of market trends more specific to your particular situation, let us know and we’d be happy to share our insights with you to give you an advantage in the market whether you’re buying or selling. Call us at 908-975-9856 or contact us through our website.
If you’ve dreamed of hiring an interior decorator to re-style your house, this might be even better: buying the home that’s the personal residence of that interior decorator! 10 Joliet Street in the heart of the historic Oldwick village section of Tewksbury Township is now priced at $650,000.
We’re hosting an open house at 10 Joliet Street this Sunday, November 8th, 2015 from 1-4pm. We hope you’ll stop by.
If you or anyone you know is interested in this house but can’t make it to the open house, we’d be happy to set up a more convenient time for them to visit the home. Contact us at 908-975-9756 to set up a viewing or with questions about the property.
This weekend, what better way to work off your post-Halloween candy hangovers than to investigate Hunterdon County neighborhoods where you could be enjoying Halloween next year! Stop by any of these homes between 1 and 4pm this Sunday, November 1, 2015. If you aren’t able to make it on Sunday, let us know and we’d be happy to set up a different time for you to see the properties that interest you.
If you’re looking for an enchanting property in an exceptional location, this might just be the property for you. The home’s features are rarely found in this price range in historic homes: master bedroom suite with sitting/dressing room, wood-burning fireplace, and en suite bathroom with radiant heating in floor, eat-in kitchen, first-floor mudroom/laundry room, attached 2 car garage, central air conditioning, and hookup for propane-fired stationary generator. An exquisitely-designed and built studio makes this property truly unique. Newly priced at $625,000.
More information available at www.35coldspring.com.
For an appointment to visit the property, please contact Leaf, Realtors at 908-975-9576.
Great news for historic home lovers! The asking price of 17 William Street in Tewksbury Township was recently reduced to $480,000. This home is nestled into a scenic residential neighborhood off the main road in Oldwick Village, surrounded by other historic homes. With updates and renovations throughout the house including the kitchen and main bath, a large, open level lot, a garage with second-floor studio, this property is a great opportunity for someone who wants to enjoy in-town living in a location close to commuting highways, shopping, and endless trails through Green Acres and scenic roads for cycling, hiking, running, and equestrian activities.
For more information about this special property, visit www.17william.com or contact listing agent, Elizabeth Yamashita at 908-975-9756 (office) or 973-580-0194 (cell).