| |  | Welcome to Anne Mortensen's Mendham-Morris County NJ Homes for Sale and Real Estate Market Updates
Welcome to my site, frequenty updated for you. Keeping you informed is my goal. As a 28+ year local real estate professional (and resident) I am a Mendham NJ, experienced, Mendham Area Market Specialist. As your real estate professional, I will show you how you can take advantage of the current real estate market in New Jersey. My time-management, millenium marketing strategies and strong negotiating skills contribute to my successes and are all available to you. I believe in a one-on-one relationship with my customers. My iphone is my personal assistant. I know the inventory, the market and keep abreast of trends long before they happen. If you are considering buying or selling, contact me so we can, together, create a special plan that works just for you.
Read Anne's MARKET CONDITIONS/COMMENTS to learn more about our local market(below). Read Anne's Bio)to learn more about Anne Mortensen.
Start your day with Morris County's own Daily Record Newspaper
www.dailyrecord.com
| |
| |
Anne's Featured Properties
Add your special property to this feature.
| |  |
| 
Keeping Up with the Market with Anne
If you would like to receive your individual and personalized MLS update from me,contact me: Email Anne and you can view the latest market activity with your morning coffee. You can also search for properties right here Search All Listings.
I welcome your questions, comments as well.
BUYERS:
Look for properties hereSearch All Listings. It is a great time to buy. I will show you how to buy your property while respecting your time. I will walk you through the process. Meanwhile, read for Buyers only to review the home-buying process. I know the market, the inventory, and am a strong negotiator. I have a reputation for matching buyers with their dream homes. Simply fill out Your Dream Home Finder and let's create your personal plan to start making your real estate dreams a reality!
SELLERS:
Contact me before you sell.Your Market Analysis My 28+ years experience and success stories as your "local" full-time, knowledgable realtor can make all of the difference in your outcome. I live here, I know the market, am a "stats" geru, and am internet savvy with multiple websites to market your property. I personally create and implement your marketing plan and internet marketing (including photos)with updates when needed. Read for Sellers onlyto help you prepare your property for sale. My "one-on-one" personal relationship with my clients insures you that if you hire me, you will reach me...and get results.
Anne's MARKET CONDITIONS/COMMENTS as of Sunday, June 8,2008.
Market activy continues to increase with more pending sales in the Mendham, Chester, Bernardsville, Harding NJ locations. Sorry media, but the numbers speak for themselves. A possible influence on the increased housing market activity is the spiked gas and food prices which could affect vacations, trips and travel. The focus around "hearth and home" could be re-vitalized making it the center of summer "stay-cations" for economic reasons. I have added a special article from Ris Media that I believe you will find interesting* (below):
Online Marketing: It’s Still Early, but Real Estate Is in Recovery
By Mike Parker Posted By Paige On June 4, 2008 @ 4:10 pm In Technology
RISMEDIA, June 5, 2008The tremendous adjustment we have been facing for the past year or so is reaching the point of equipoise and turning around. I am now convinced that we have reached that marker and that a VERY gradual increase in activity portends a return to the days of this being a good business. There are very good reasons for this cautious and fragile optimism that we need to encourage and repeat to everyone we know.
The adjustment is uniform
A downswing is only local until it is national, and it is only truly national when felt by all market segments across all economic segments. Figures for the last quarter seem to indicate that even the highest end cities and towns in the country are facing the reality that the excesses of the past years have overpriced and overvalued homes. Los Angeles Times reporter Peter Y. Hong proclaimed in his front page story on May 20, 2008: “CA Mansion for Sale, cheap. Ok, cheaper.” This is-believe it or not-a good thing for the real estate business. When the median home price in Newport Beach, CA, drops almost 34% and when the median price drops almost 13% in Beverly Hills, CA, the bloom is off the rose and the public sees that the correction has left no socioeconomic group untouched.
Collective anger begins to be replaced by acceptance of the new reality.
When the rich are portrayed as hurting, the public smells bargainsdifferent from you and me, as the pundit said, but when the public sees that their pain is shared by the swells in luxury-land, the stigma of losing equity in one’s home is reduced. Recriminations about ‘ how stupid anyone could have been to allow themselves to land in the situation where their home is worth 33% less than they paid for it’ evaporate in the face of “the smart rich people” being precisely where the average homeowner is in the value of their home as an investment. Relief of a strange kind begins to dawn on the public’s perception of the housing situation and acceptance starts to creep in that prices were too high.
There is considerable pent-up demand for residential real estate out there. How many of us hear people say, “I am waiting for prices to come down enough so that I can afford what I really want”? Having witnessed this correction in my own neighborhood (and joining the public, who sees it in theirs), my reaction has been: “That is more like what that house is worth.” I have learned that the public can react with uncommon wisdom in times of turmoil, and the public thinks house prices are too high. They are correct. Consensus is that prices were 30% too high in many places, and that just can’t stand in the real world. As prices recede, buyers are starting to return. As prices recede, more conventional home buyers are encouraged to obtain “the deal of their lifetime.” It is here that you should be emphasizing the importance of timing to all your prospects.
Inventory is decreasing
According to a May 27th Bloomberg.com article,the supply of homes at the current rate of sales (April-526,000 units; up from 506,000 in March) dropped to 10.6 month’s worth, compared to 11.1 month’s worth in March. This is encouraging, as is the fact that the number of homes completed and waiting to be sold has dropped to 181,000; the fewest since last July. It is not recovery, but it is progress.
(*RIS Media June 9th 2008)
If you would like to take advantage of the great opportunities in today’s real estate market or ask questions, Call me today and let’s together, Make YOUR real estate DREAMS a REALITY.
anne mortensen 5/13/08.
More Useful Links:
Cedarwood Landscape (full service, including snow removal)
Cedarwood Landscape
NEW JERSEY INFORMATION:
American towns
New Jersey State Information
State of NJ
New Jersey County information and Map:
New Jersey Association of Counties
County Information: Morris County New Jersey
Morris County NJ
County Information: Somerset County New Jersey
Somerset County NJ
Parks and Recreation in New Jersey
NJDEP-Division of Parks and Forestry
SCHOOLS:
New Jersey School Information
New Jersey School Report Card
Compare and Find Schools
School Matters
TOWN INFORMATION:
Town: Mendham Borough,New Jersey
Mendham Borough
Town: Mendham Township,New Jersey
Mendham Township NJ
Town: Chester Borough, New Jersey
Chester Borough NJ
Town: Chester Township,New Jersey
Chester Township NJ
Town: Harding Township, New Jersey
Harding Twp NJ
Town: Bernardsville, New Jersey
BernardsvilleNJ
TRAIN-BUS-TRANSPORTATION:
Train, Bus, Transportation: New Jersey Transit
Train and Bus Schedules NJ
Anne Mortensen, Mendham NJ Area real estate Market Specialist in Mendham Borough, Mendham Township properties and homes for sale. Specializing, but not limited to Morris County and Somerset County New Jersey. Residential Specialist, Relocation, luxury homes, land, investment properties for sale, new construction. Utilize my 28 years experience as your "local" Mendham New Jersey and area Specialist.
Specializing in, but not limited to:
Mendham Borough NJ, Mendham Township, Chester Borough, Chester Township, Randolph, Harding, New Vernon, Bernardsville, Morris Township, Peapack/Gladstone,Far Hills, Morristown. Morris and Somerset Townships New Jersey.
Created and Copy-protected by AnnesArt2008 | |
Call: Anne Mortensen at:
(973)543-1366 x114 Office or: (973)214-2147 Cellular, Email:Amort@att.net
Website design and hosting by iHOUSE ®
|
