The RESOURCES REPORT

Monmouth County Real Estate Market Report

Annual Report 2013

Well 2013 will go down as the year to remember, for more ways than one. I won a personal battle with breast cancer and start 2014 with chemo behind me.

In all the time from finding the lump through surgery and chemo, I constantly marveled at the wonderful commu-nity I live in and how much help and support I received. It was heartwarming and personally very fulfilling to find such a silver lining in such a gloomy cloud. Beyond the beauty of our area, the schools, proximity to Manhattan, I strongly believe we have an unbelievable quality of lifestyle not just due to those factors, but to the warmth and kindness of the people that this area houses and continues to attract.

During my “down” time, I worked on new technolo-gy and big picture ideas to grow our company even stronger and forged some important cross promotion relationships with high end partners all of which we plan to roll out in 2014.

The things you will see coming from Resources Real Estate will continue to impress you. A quick look back at 2013 and an attitude of gratitude keep us healthy and strong. We were nominated for three marketing awards by Who’s Who in Luxury Real Estate including best website. We opened a downtown Atlantic Highlands office, officially opened our downtown Red Bank office and re-opened after the Super-storm Sandy our Monmouth Beach office. Growing our company into the communities that we serve, as part of the fabric of that community is very important to us, as are the agents that we hire to be a part of our special team.

Buyers felt the pressure of a low inventory market by the third quarter and I believe we will see home prices rise in certain towns as we see the shortage continue of good inventory. Now is definitely the time to sell, mortgage rates are still at all time lows, buyers are out there, they are educated and we just need more inventory to provide them. There has not been a better time to sell in over 8 years. we look forward to working with you and providing you with the Resources difference that has become synonymous with our name.Regards,

Carolynn

Carolynn Ozar-DiakonBroker of Record - Senior PartnerCarolynn@resourcesrealestate.com

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Quarterly Report2012

1st Qtr2012

2nd Qtr2012

3rd Qtr2012

4th Qtr2013

1st Qtr2013

2nd Qtr2013

3rd Qtr2013

4th Qtr

Atlantic Highlands

Number of Sales 12 8 16 9 6 14 15 19

Days on Market 57 97 104 172 223 106 90 116

Average Price $299,267 $266,512 $418,433 $752,305 $805,555 $656,374 $385,187 $475,960

Median Price $216,667 $228,333 $325,917 $610,667 $765,000 $542,350 $396,042 $404,133

Highest Price $1,500,000 $912,223 $950,000 $1,650,000 $1,150,000 $1,480,488 $745,000 $1,280,000

Colts Neck

Number of Sales 14 34 18 21 21 31 47 25

Days on Market 182 107 87 90 105 134 115 134

Average Price $1,131,111 $761,736 $672,979 $991,521 $786,751 $951,522 $783,952 $852,680

Median Price $749,833 $595,633 $588,333 $755,583 $634,375 $855,500 $673,150 $735,833

Highest Price $4,450,000 $2,500,000 $1,575,000 $3,100,000 $2,200,000 $3,750,000 $2,450,000 $1,765,000

Fair Haven

Number of Sales 13 25 31 22 16 23 39 30

Days on Market 98 111 75 75 93 74 85 71

Average Price $642,988 $711,873 $677,175 $911,726 $647,638 $932,338 $703,259 $919,854

Median Price $628,000 $660,167 $715,417 $791,750 $586,763 $711,500 $692,333 $711,500

Highest Price $1,300,000 $1,210,000 $1,250,000 $3,500,000 $1,352,000 $3,300,000 $1,479,000 $3,600,000

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Quarterly Report2012

1st Qtr2012

2nd Qtr2012

3rd Qtr2012

4th Qtr2013

1st Qtr2013

2nd Qtr2013

3rd Qtr2013

4th Qtr

Holmdel

Number of Sales 27 29 60 34 22 38 58 36

Days on Market 133 111 103 125 117 105 70 92

Average Price $539,618 $761,313 $731,880 $681,711 $716,528 $828,609 $718,749 $772,697

Median Price $515,683 $742,083 $676,250 $638,833 $610,816 $698,500 $648,500 $695,000

Highest Price $1,300,000 $1,875,100 $1,975,000 $1,650,000 $1,750,000 $2,582,200 $1,852,150 $2,750,000

Little Silver

Number of Sales 11 22 22 12 12 32 33 13

Days on Market 113 70 113 127 103 94 45 39

Average Price $527,042 $597,444 $596,044 $535,528 $581,867 $632,942 $726,596 $630,041

Median Price $501,083 $502,833 $533,833 $519,333 $570,000 $586,067 $611,721 $521,750

Highest Price $1,125,000 $1,635,000 $1,800,000 $1,125,000 $1,100,000 $1,575,000 $1,800,000 $1,670,000

Middletown

Number of Sales 85 144 163 135 99 163 208 147

Days on Market 110 80 70 97 87 99 67 77

Average Price $398,373 $434,694 $483,158 $486,438 $395,691 $441,599 $495,838 $450,906

Median Price $353,583 $385,333 $395,000 $369,167 $356,433 $397,500 $416,333 $425,000

Highest Price $1,385,000 $2,875,000 $4,475,000 $7,300,000 $1,352,000 $2,725,000 $6,100,000 $1,325,000

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Quarterly Report2012

1st Qtr2012

2nd Qtr2012

3rd Qtr2012

4th Qtr2013

1st Qtr2013

2nd Qtr2013

3rd Qtr2013

4th Qtr

Monmouth Beach

Number of Sales 9 16 13 8 4 5 15 13

Days on Market 89 127 187 138 49 113 109 131

Average Price $832,700 $848,728 $857,194 $981,000 $577,000 $863,100 $597,694 $900,312

Median Price $741,633 $871,683 $836,333 $954,667 $642,000 $863,100 $426,500 $862,207

Highest Price $1,620,000 $1,265,000 $1,425,000 $1,240,000 $1,315,000 $1,275,000 $1,800,000 $1,575,000

Red Bank

Number of Sales 9 16 15 17 14 21 18 20

Days on Market 104 75 47 100 200 105 90 57

Average Price $384,319 $399,819 $222,797 $340,034 $251,866 $475,638 $497,644 $527,553

Median Price $345,917 $308,500 $219,167 $328,300 $264,583 $365,667 $388,000 $446,683

Highest Price $1,100,000 $1,640,000 $700,000 $840,000 $535,100 $2,550,000 $1,650,000 $2,281,700

Rumson

Number of Sales 24 28 25 24 20 32 38 38

Days on Market 89 87 115 182 93 87 86 79

Average Price $1,132,754 $1,439,682 $1,156,518 $1,420,205 $1,271,269 $1,063,287 $1,444,824 $1,178,908

Median Price $1,131,667 $1,133,167 $1,058,750 $1,363,750 $1,095,833 $857,417 $1,358,417 $855,166

Highest Price $2,050,000 $4,090,000 $2,350,000 $2,750,000 $3,034,000 $3,175,000 $3,200,000 $5,600,000

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Resources Real EstateAnnual Market Report

Number of Sales 2011 .........................3928Number of Sales 2012 .........................4601Days on Market 2011 ..........................110Days on Market 2012...........................107Average Price 2011 ............................$475,305Average Price 2012 ............................$472,637Median Price 2011 ............................$374,167Median Price 2012 ............................$371,875Highest Price 2011 ............................$12,000,000Highest Price 2012 ............................$7,300,000

Atlantic Highlands Number of Sales 30 45 Days on Market 112 107 Average Price $343,850 $434,129 Median Price $329,270 $345,396 Highest Price $1,383,500 $1,650,000

Monmouth County Annual Report

Colts Neck Number of Sales 75 87 Days on Market 104 117 Average Price $892,945 $889,336 Median Price $711,423 $672,345 Highest Price $3,410,000 $4,450,000Fair Haven Number of Sales 76 91 Days on Market 98 90 Average Price $710,369 $735,940 Median Price $594,061 $698,833 Highest Price $2,975,000 $3,500,000Holmdel Number of Sales 107 150 Days on Market 126 118 Average Price $791,182 $678,630 Median Price $749,272 $643,212 Highest Price $2,382,000 $1,975,000

Little Silver Number of Sales 62 67 Days on Market 94 106 Average Price $583,535 $564,014 Median Price $523,935 $514,270 Highest Price $1,250,000 $1,800,000

Middletown Number of Sales 457 526 Days on Market 97 89 Average Price $408,480 $450,668 Median Price $372,200 $374,937 Highest Price $5,600,000 $7,300,000Monmouth Beach Number of Sales 31 46 Days on Market 102 135 Average Price $847,337 $879,905 Median Price $870,112 $851,079 Highest Price $1,985,000 $1,620,000Red Bank Number of Sales 47 58 Days on Market 99 80 Average Price $325,550 $339,447 Median Price $349,166 $301,245 Highest Price $1,750,854 $1,640,000

Rumson Number of Sales 99 101 Days on Market 91 128 Average Price $1,370,980 $1,287,289 Median Price $1,150,854 $1,171,833 Highest Price $12,000,000 $4,090,000

2011 20112012 2012

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Thomas McCormackManaging BrokerTom@resourcesrealestate.com

A new year is always a bit more welcome when there’s good news to report. The feeling of positive mo-mentum is contagious and sometimes self-perpetuating which has been a good thing for the real estate market. 2013 delivered a fair amount of positive market activity overall with unit sales gains and modest price increases in many markets, especially those markets that are not coastal and in Superstorm Sandy’s wake.

By year end, Monmouth County posted a 12.67% increase in the number of homes sold relative to the pre-vious year. Indeed, monthly sales figures were showing positive growth even prior to 2013: there have been unit sales increases in 21 of the past 24 months. Although some-times just a modest bump up from the same period the year before, this growth is welcome nonetheless. Coupled with increased demand has been lower inventory of available homes – down 14% from 2012 - a factor that certainly con-tributed to a median sale price increase of 3.3% county-wide for single-family homes. While some markets have seen the return of multiple contracts, brisk competition, and even above-asking offers, even those areas that simply wit-nessed renewed buyer activity rejoiced that their market was improving.

Resources Real Estate continued in 2013 on its mis-sion to be Monmouth County’s premier independent res-idential brokerage with the addition of two more branch offices, dozens of new agents and an increased market share. Our presence has never been stronger and we are very pleased by the response. Resources showed an even greater sales increase than the county, selling over 16% more homes in 2013 than we did in 2012. Resources was in the top 4% of all Monmouth County residential real estate brokerages in 2013 and our average sale price for our listing clients remains high -- over 42% higher than that of Mon-mouth County as a whole.

We thank all of our past clients, friends and support-ers who continue to help us grow, refer us new business and spread the word that Resources Real Estate is the best choice for professional representation if you are buying or selling a home in Monmouth County.

Tom

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112 East River Road Rumson, NJ 07760

36 Beach Rd Suite 3 Monmouth Beach, NJ 07750

4A West Front St Red Bank, NJ 07701

65 First AveAtlantic Highlands, NJ 07716

732-212-0440www.resourcesrealestate.cominfo@resourcesrealestate.com

Information deemed reliable but not guaranteed -- Copyright: 2013 by the Monmouth County Association of REALTORS®