Some FASCINATING statistics for November in Toms River, NJ:
Statistics Summaries Report
Category - SingleFamily / Area: TOM - TOMS RIVER TWP / County: OceanStatistics for Entire MLS from 11/01/2008 to 11/30/2008
Total List / Closed $
Avg List $
Avg Closed $
Median Price $
$53,993,900 / n/a
$14,936,496 / n/a
$19,293,212 / $18,131,450
$36,429,631 / n/a
Currently Active (as of today)
$360,865,054 / n/a
--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORSR
We Never Stop Moving!
Prepared by JAMES FLANAGAN of COLDWELL BANKER FLANAGAN REALT on 12/2/2008 8:50:07 AM
Why would I call them "fascinating"? Let's take a closer look, shall we?
- 46 Homes CLOSED during November at an average price of $394,162
- And ONLY 38 homes went UNDER CONTRACT at an average price of $393,066
- SO, why did 109 NEW homes LIST for an average of $495,357 when…
- 77 homes EXPIRED at an average LIST price of $473,112????????????
Here's my Official Diagnosis:
Toms River, NJ, continues to suffer from RDS (Rampant Denial Syndrome). When 109 Sellers think they will sell for more money than 77 unsuccessful sellers FAILED to sell for; that's RAMPANT DENIAL SYNDROME! When real estate agents continue to LIST homes for an average of $100,000 OVER the current CLOSED price; that's RAMPANT DENIAL SYNDROME! When, despite the OVERWHELMING EVIDENCE ABOVE, sellers and agents REFUSE to accept REALITY; that is RAMPANT DENIAL SYNDROME!
CAUTION: Failure to seek immediate treatment for RDS could result in catastrophic consequences such as "short sales", "foreclosures", "bankruptcies", "insanity" and in certain cases DEATH (of a real estate agent's career)!!!