Market Statistics for Ventnor NJ – June 2008 to June 09
July 11, 2009
Ventnor
|
|
June 08 |
June 09 |
Units Change |
Percent Change |
|
Sale Median Price |
$395,000 |
$374,900 |
$-20,100 |
-5.1 |
|
Sold Median Price |
$355,000 |
$342,750 |
$-12,250 |
-3.5 |
|
Sale |
525 |
545 |
20 |
3.8 |
|
Under Contract |
15 |
11 |
-4 |
-26.7 |
|
Sold |
14 |
16 |
2 |
14.3 |
|
Absorption |
30.5 |
45.2 |
14.6 |
48 |
Statistics
Ventnor NJ 08401
-Sale Median Price June 2008 was $395,000 compared to $374,900, decrease of $20,100
-Sold Median Price June 2008 was $355,000 compared to $342,750, decrease of $12,250
-Unit Sales for June 2008 was 525 compared to 545 in June 2009, an incr. of 20 units
-Units UCT June 2008 was 15 compared to 11 in June 2009, a decrease of 4 units
-Units Sold June 2008 was 14 compared to 16 in June 2009, a decrease of 2 units
-Absorption June 2008 was 31 compared to 45 in June 2009, an increase of 15 months
Absorption rate is a calculation of how long it will take for all the homes on the market to be sold, or absorbed, at the current rate of sales. Above is a one year comparison of the number of months of inventory on hand.
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Let's get together and talk about your >South Jersey experience. If you are a buyer, we can help you find the perfect home or condo for you in the South Jersey Shore Home area. If you are selling a home we can simplify the process for you. We can prepare a Comparative Market Analysis - CMA for your home and let you know what your home actual home value is in this market. Call Peter or Beverly Petridis at the office 609-264-7304, or on our cell phone 609-377-4023. We will set-up a time that is easy and convenient for you to meet.