I just wanted to burp this report up from a few months ago. The numbers for the 1st Quarter of '06 for Asbury were released. ........................2006................... Average number of Listings (Monthly):......41.7 Average number of Sales (Monthly):.........9.7 Supply & Demand Ratio:.....................23% Listing Supply:............................190 Projected Absorption (in Months)...........20
In a nutshell, there are 30 more open listings since Q4 2005, and an increase of 5.9 new listings for every 1 sale in Asbury Park. On a related note, doesn't it seem like there are more properties for sale on Asbury Ave than not for sale? --- In [email protected], "jerseyjohn99" <[EMAIL PROTECTED]> wrote: > > Here's an interesting research piece by The Otteau Appraisal Group. > They look at sales trends in the individual towns in New Jersey: > > http://www.otteau.com/The_Otteau_Report/the_otteau_report.html > > If you look at the figures for Asbury Park, here is what they show > for the Fourth Quarter of 2005 vs. 2004: > > ........................2005................... > Average number of Listings (Monthly):......31.7 > Average number of Sales (Monthly):.........8.0 > Supply & Demand Ratio:.....................25% > Listing Supply:............................160 > Projected Absorption (in Months)...........20 > > ........................2004................... > Average number of Listings (Monthly):......28.0 > Average number of Sales (Monthly):.........21.0 > Supply & Demand Ratio:.....................75% > Listing Supply:............................109 > Projected Absorption (in Months):..........5 > > My first reaction when seeing this was it reflected the new condos > coming online. But looking at figures for Belmar & Spring Lake show > this huge glut of supply is a trend across the Jersey Shore. Also, > the number of sales went down considerably more than the listings > went up. > > Looks like the worst possible time to be throwing another couple > hundred units onto the market. > ------------------------ Yahoo! Groups Sponsor --------------------~--> Get to your groups with one click. Know instantly when new email arrives http://us.click.yahoo.com/.7bhrC/MGxNAA/yQLSAA/Y2tolB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
