Whether buying or selling a home in the Holiday City or Leisure Village section of Toms River, understanding the local Housing Market is invaluable. This report uses localized housing statistics for Toms River, including Median Estimated Home Values, Median Sold Price and Median Listing Price, along with other valuable information.
These reports contain useful numbers and a point of reference to educate and inform. For a free, personalized custom report and analysis for your neighborhood or home, please contact Karl Hess, Keller Williams Realty Ocean County.
On this page you will find Market Trends in Graph Form for the 08757 area of Toms River. This section of Toms River are, for the most part, 'retirement' or 'adult' communities like Holiday City and Leisure Village.
Toms River (08757) Median Sales Price - If the median sale price increases over time, it generally indicates an appreciating market in which demand exceeds supply. Conversely, if the median sales price is decreasing, it indicates a declining market with diminished demand. (See graph below.)
Toms River (08757) Median List Price - If the median list price increases over time, it generally indicates an appreciating market in which demand exceeds supply. Conversely, if the median list price is decreasing, it indicates a declining market with diminished demand. (See graph below)
Toms River (08757) Median Sales Price to Original List Price Ratio - For example, a home listed for $200,000 that sold for $190,000 would have a ratio of 95%. When the ratio is close to or even above 100%, homes are selling at or above their asking price and market demand is high. When the ratio is substantially below 100%, demand for homes is low. (see graph below)
Toms River (08757) Median Price Per Square Foot - An increase in the median price per square foot -- particularly if the median size of sold homes has not also increased -- indicates that buyers are willing to pay more for the similarly sized homes. When the median price per square foot decreases, property values may be generally decreasing, or less costly homes are selling more briskly than higher valued ones.
The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions. Call or email anytime to discuss how this information can benefit you!
Karl Hess of Keller Williams Realty, Ocean County is pleased to bring you this service and provide you with the most recent comprehensive figures at your request.
Automated valuation model (AVM) can provide real estate property valuations using mathematical modeling combined with a database. Most AVMs calculate a property’s value at a specific point in time by analyzing values of comparable properties. Some also take into account previous surveyor valuations, historical house price movements and user inputs (i.e. number of bedrooms, property improvements, etc.).
Appraisers, investment professionals and lending institutions use AVM technology in their analysis of residential property. It is a technology driven report. The product of an automated valuation technology comes from analysis of public record data and computer decision logic combined to provide a calculated estimate of a probable selling price of a residential property. An AVM generally uses a combination of two types of evaluation, a hedonic model and a repeat sales index. The results of each are weighted, analyzed and then reported as a final estimate of value based on a requested date.
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