Bedminster NJ Real Estate Market Update JUNE 2014

The numbers for Bedminster are up modestly across the board for JUNE 2014. Note that this is the second month in a row that the numbers in all four categories have increased:

  • The rolling 12 month sales volume has increased by thirty-six (36) units or (21%) – Last year: June 2012 thru June 2013  (170 homes sold) as compared to the current period: June 2013 thru June 2014 with (206 homes sold).

  • The June year-to-date numbers are up modestly by nine (9) units or (10%) when compared to last year’s year-to-date total of (86) homes sold to the current period with (95) homes sold.

  • The monthly volume for the number of sales occurring last June (18) homes sold, as compared to this June increased by seven (7) units or (39%) with a total of (25) homes sold.  This month’s sales volume ties 2012 as the highest monthly volume in the past five years.

  • The volume of Pending Sales (Under Contract) as of the last day of June 2014 is running slightly higher at twenty (20) units as compared to last year at this same time at thirteen (13) units, which is up by seven (7) units or (54%).  This backlog should help Bedminster’s market continue to remain strong, at least in the near term.

 

Read below to find out the very latest information on your local Bedminster NJ Real Estate market!

While all real estate is local, there are many positive signs being seen all across the Northeast and in other major regional markets across the country. The next several months will be critical in determining if the recent upswing has any sustained staying power.  Most experts are anticipating a longer, more robust spring selling season mainly due to the harsh winter, which delayed a lot of buyers from starting their search as well as sellers who planned on getting their homes ready for the market.

In addition to the harsh winter, there is also a certain amount of “pent-up demand” on both the buying and selling side of this market as many buyers and sellers have been sitting on the fence for several years now and see that the pendulum is beginning to swing in the other direction and as a result, they are taking action.

Prices are expected to remain steady and interest rates continue to remain low.  There has rarely been a time where both prices AND interest rates were so low. Combine these two factors with a relatively high inventory of homes to choose from and you have the perfect conditions for a robust and steady housing recovery. The general state of the economy along with a high rate of foreclosures and distressed properties are expected to keep prices low for several more years as this inventory eventually gets cleared out.

Look below to see the individual homes that sold in Bedminster NJ for the month of JUNE in 2014.  Also shown below is a year to year comparison bar graph for homes SOLD in the month of JUNE over the past 5 years, followed by another graph illustrating the amount of homes that have SOLD Year-to-Date through JUNE through the same period.

 

Bedminster_NJ_Real_Estate_-_Year_to_Date_Closed_Sales_for_June_2014_Bar_Graph

Year to Date Comparison of Homes SOLD in Bedminster NJ YTD through JUNE 2010 to 2014

 

Bedminster_NJ_Real_Estate_-_Closed_Sales_for_June_2014_Bar_Graph

Year to Year Comparison of Homes SOLD in Bedminster NJ JUNE 2010 through 2014

 

 


 

Sales from Current Month

 

Bedminster_NJ_Real_Estate_-_Detailed_List_of_Closed_Sales_-_June_2014_-_Part_1Bedminster_NJ_Real_Estate_-_Detailed_List_of_Closed_Sales_-_June_2014_-_Part_2

 

(Double click on spreadsheet for an enlarged view)

 


 

Sales from Prior Months

 

Bedminster_NJ_Real_Estate_-_Detailed_List_of_Closed_Sales_-_May_2014

Bedminster_NJ_Real_Estate_-_Detailed_List_of_Closed_Sales_-_April_2014

Bedminster_NJ_Real_Estate_-_Detailed_List_of_Closed_Sales_-_March_2014

Bedminster_NJ_Real_Estate_-_Detailed_List_of_Closed_Sales_-_February_2014

Bedminster_NJ_Real_Estate_-_Detailed_List_of_Closed_Sales_-_January_2014

(Double click on spreadsheet for an enlarged view)

 


 

All Listings Currently FOR SALE in Bedminster NJ

 

Other interesting articles on Bedminster NJ

 

There are many factors that make up the differences in local real estate markets, even from town to town and especially in a small state such as New Jersey. This is why it is important for both buyers and sellers to obtain the latest “local” market data before they make any real estate decisions.

 

For more information on Bedminster NJ including the schools, follow this link:

 All you need to know about Bedminster NJ 

For more information on Bedminster NJ Real Estate, call me direct at (908) 267-2465, or email me at Bob@BobZorechakRealtor.com and I will be happy to discuss your specific real estate requirements.

 

How to find Listings on your own:

For listings or information on Bedminster NJ or any of the surrounding towns in  Somerset County including, Basking Ridge, BernardsvilleFar Hills and Peapack Gladstone, the Morris County towns of Morristown, Morris Township, Madison, the Chathams, the Mendhams, the Chesters, and Long Valley, along with the Hunterdon County towns of Lebanon and Tewksbury Townships, simply use the search tool located on the right side of this page.

All listings are updated throughout the day so be sure to come back often for the most current information.  If you are unable to find what you are looking for using the search function on this website, or you are looking for a home that is unique with specific features, feel free to contact me direct and let me know exactly what they are.  My colleagues and I preview all kinds of properties each week and will be sure to identify just what you are looking for.  In addition, my office often features “exclusive” listings that are not released to the public that might be of interest to you as well.  I will be glad to answer all of your questions and arrange to show you the homes of your choice at a time convenient to your schedule.

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