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New Jersey Weekend Getaway Tips

Here are some weekend suggestions to spice up your weekend in the Garden State:

1. Spend a weekend relaxing at health spa resort.
2. Go wine tasting at one of the many vineyards in New Jersey.
3. Take a ferry ride to enjoy scenic views of coastal landscapes.
4. Make a reservation at an upscale restaurant.
5. Spot whales and dolphins during a whale-watching excursion.
6. Enjoy the countryside while horseback riding.
7. Catch a renowned show at one of New Jersey’s theaters.
8. Trek through powdery passes with a day of snowshoeing or cross-country skiing.

Philly Real Estate Comes Back

According to some business experts, there seems to be an uptick in Philadelphia's real estate market.

Philadelphia real estate is recovering, according to CNBC. In a recent article it seems that Philadelphia real estate is rebounding to the point that it represents an authentic comeback. What's causing this recovery is a stronger-than-expected job market in the region.

Ocean County New Listings +7.4%

Ocean County Q1-2015

Single Family
Key Metrics Thru 3-2014 Thru 3-2015 Percent Change
New Listings 2,971 3,192 + 7.4%
Closed Sales 919 1,041 + 13.3%
Days on Market Until Sale 120 108 - 10.0%
Median Sales Price $260,000 $260,000 0.0%
Percent of List Price Received 94.7% 95.2% + 0.5%
March Inventory of Homes for Sale 4,936 4,553 - 7.8%
Months Supply of Inventory March 11.5 10.1 - 12.2%

Produced by New Jersey Realtors

Home Seller's Quick Outdoor Check List

■ Outdoor lighting
■ Painting of trim
■ Staining of wood
■ Repair of windows and screens
■ Painting of front door
■ Hardware on front door
■ Power wash exterior of house including brick and siding
■ Painting of fences
■ Landscaping
■ Seeding bare patches in lawn
■ Trim of hedges, bushes, and ornamental grass
■ Repair outdoor sheds
■ Clear away old plants and pots
■ Sweep away debris from under bushes and scrubs

March Foreclosures Bump Higher

Foreclosure activity, RealtyTrac reported, rose 4% in March over the previous year’s total.

The RealtyTrac March 2015 U.S. Foreclosure Market Report put March's foreclosure filings climb by 20% over February 2015. One reason for the big bump was that February hit a 8-year low.

Foreclosure activity for the first quarter of 2015 affected 313,487 U.S. properties, representing a 7 percent decrease from the prior quarter in 2014.

New Listings in Monmouth County + 6.3%

Monmouth County Q1-2015

Single Family
Key Metrics: Thru 3-2014 Thru 3-2015 Percent Change
New Listings 2,541 2,702 + 6.3%
Closed Sales 864 836 - 3.2%
Days on Market Until Sale 95 92 - 3.2%
Median Sales Price $372.25K $370.5 - 0.5%
Percent of List Price Received 95.2% 95.5% + 0.3%
Homes for Sale in March 3,642 3,269 - 10.2%

New Listings in Monmouth County + 6.3%

Monmouth County Q1-2015

Single Family
Key Metrics: Thru 3-2014 Thru 3-2015 Percent Change
New Listings 2,541 2,702 + 6.3%
Closed Sales 864 836 - 3.2%
Days on Market Until Sale 95 92 - 3.2%
Median Sales Price $372.25K $370.5 - 0.5%
Percent of List Price Received 95.2% 95.5% + 0.3%
Homes for Sale in March 3,642 3,269 - 10.2%

Selling FA$T

Selling a Home Faster and For More
Traditional thoughts on selling a home for more and faster have changed in this fast-moving world known as real estate. It was commonly believed that redoing the kitchen was a clear pathway to a higher and faster sale. But current data points more to the bathroom as being the room that sellers should renovate to bring greater value to their property.

Trends in Financing a Home Purchase

Here are some home financing trends published by the National Association of Realtors® from their 2014 report*:

 88 percent of recent buyers financed their home purchase.
 97 percent of Gen Y buyers financed compared to just 55 percent of Silent Generation buyers.
 Younger buyers financed larger shares.
 Gen Y average a downpayment of five percent.
 Gen X average a downpayment of 10 percent compared to 23 percent among the Silent Generation.
 Buyer's downpayment on a home is predominately comprised of savings for younger buyers.

Understanding the Home Buying Process

The better you understand the home buying process, the better you can customize your service to achieve a greater level of customer satisfaction. Here are some trends published by the National Association of Realtors®:

• Research published by the National Association of Realtors indicates that the first step in purchasing a home is looking online.