Bradley Beach Real Estate Sales Statistics – August 2008

The level of home sales is expected to show little movement in the months ahead, according to the latest projections by the National Association of Realtors®

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, fell 3.2 percent to 86.5 from an upwardly revised reading of 89.4 in June, which had risen 5.8 percent from May. The July index remains 6.8 percent below July 2007 when it stood at 92.8.

Lawrence Yun, NAR chief economist, said home sales continue to edge up and down. “Pending home sales are oscillating month-to-month, with the long-term trend essentially flat,” he said. “Overly stringent lending criteria imposed by Fannie Mae and Freddie Mac in the past month no doubt held back contract signings.” 

Let’s take a look at the Monmouth County and Bradly Beach sales statistics of single family homes for August 2008 to see how the local real estate market looks: 

Monmouth County Real Estate Sales Statistics:

Monmouth County real estate sales decreased by 21 percent in August 2008 compared to August 2007. The average sales price decreased 2 percent to $561,531 and the median sales prices decreased 3 percent. Market times increased 3 percent, 94 days vs 91 days in August 2007.

Monmouth

County

Sold

Listings

Average

Sales Price

Days On

Market

Median

Sales Price

August 2008

426

$561,532

94

$465,000

August 2007

541

$574,819

91

$479,000

Bradley Beach Real Estate Sales Statistics:

Bradley Beach real estate sales decreased by 33 percent compared to August 2007. Market times also decreased by 38 percent with homes selling in an average of 74 days vs 119 days in 2007. Both the average sales price and median sales price declined, 45 percnet and 50 percent, respectively.

Bradley

Beach

Sold

Listings

Average

Sales Price

Days On

Market

Median

Sales Price

August 2008

2

$355,000

74

$355,000

August 2007

3

$646,144

119

$710,000

Learn more about Monmouth County and Bradley Beach real estate by visiting PatrickParkerHomes.com or giving us a call, 201-788-6162.

Search all Bradley Beach real estate and homes for sale.

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About Patrick Parker Realty

Patrick Parker Realty, an independent boutique brokerage located in the heart of Bradley Beach is your local market leader. We understand the demands of a changing real estate market and avail ourselves of the latest industry information and tools to ensure excellent results. Our Commitment to You Our seasoned Real Estate Agents are committed to providing all of our clients, from first time sellers to veteran real estate investors, quality and friendly service. We walk you through every step of the sale process offering the guidance, feedback, and expertise needed to ensure your complete satisfaction.
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