realty sales data

[Libyan Sibyl]

Dateline: Friday, November 10, 2006

Source: Realtor.com

for sale:
96 single family properties
10 condo/townhouses/co-ops

16 multi-family homes
2 vacant lots

5 rentals (on realtor.com)

[fedup]

And your point is.....?

[admin]

It is a fact that the boro has twice as many houses on the market now as it did this time last year. The question- is this a reflection of the boro? The answer is likely no. The entire market is slumping.

My neighborhood is a good one. We are not affected by the deviants from other areas of town. The houses around here have always sold quickly. As per the rest of the market, that is not the case now. Home prices went up too far, too quick. We will see an adjustment and then the houses will sell as they always have.

The town must do a couple of things. First, give the rentals incentive to leave. WE do not need them. Many of these rentals would be better converted back to single family homes, if for no other reason, to control the over all population of this town. This will be the difference between keeping a small town feel vs. turning into some city like slum.

People have discussed encouraging owner occupied dwellings.
This idea has to be done with great caution. Owners have far more rights that tenants. What would happen if owners packed their houses with too many people? That could easily backfire on the town, as they would not be able to combat over crowding as easily as they would if the over crowded residents were renters. The answer here is to ensure that the boro has a very good set of quality of life ordinances on the books. There needs to be community involvement that highlights the rights of affected people to sign complaints against deviants. Depending purely on coded officers would not work.

[fedup]

admin said:

It is a fact that the boro has twice as many houses on the market now as it did this time last year. The question- is this a reflection of the boro? The answer is likely no. The entire market is slumping.

Indeed. Anyone who doubts otherwise should take the time to read up on the data regarding Monmouth County on www.otteau.com/; the Borough is actually in better shape in terms of inventory backlog than "better" towns such as Red Bank, Rumson, Little Silver, Holmdel and (my favorite) Millstone (which currently has a projected inventory absorption of 26 months!).

My neighborhood is a good one. We are not affected by the deviants from other areas of town. The houses around here have always sold quickly. As per the rest of the market, that is not the case now. Home prices went up too far, too quick. We will see an adjustment and then the houses will sell as they always have.

Your position is enviable. There are two homes within spitting distance of my home which have been on the market for over 2 years, and 9 months, respectively. They are unlikely to sell to anyone but a slumlord, and then only if the current owners make large concessions price-wise.

One thing that no-one mentions is that the continued and accelerating deterioration of previously "safe" neighborhoods is that homeowners have little or no incentive to improve their properties. For my part, I have terminated the extended program of restoration of my own home, and will henceforth be doing only maintenance and making only what upgrades are absolutely required... as the situation now stands, it is pointless and fiscally unwise to continue improving and risk being stuck with the proverbial "castle in the ghetto".

The town must do a couple of things. First, give the rentals incentive to leave. WE do not need them. Many of these rentals would be better converted back to single family homes, if for no other reason, to control the over all population of this town. This will be the difference between keeping a small town feel vs. turning into some city like slum.

If variances to convert single-family to multi- are still being handed out, stopping that practice right now would be a good start. (I assume they are, since the house next door to me was single family until the latest scumlord purchased it, and it now has at least two distinct groups of people living in it.)

People have discussed encouraging owner occupied dwellings.
This idea has to be done with great caution. Owners have far more rights that tenants. What would happen if owners packed their houses with too many people? That could easily backfire on the town, as they would not be able to combat over crowding as easily as they would if the over crowded residents were renters.

True. The Hispanic "family" who bought three doors up the street from us has grown to include at least 5 adult males, 4 or five children and several women, all living in a four bedroom house.... their backyard looks like a parking lot for an SUV and pickup truck dealership, and has as much traffic.

The answer here is to ensure that the boro has a very good set of quality of life ordinances on the books. There needs to be community involvement that highlights the rights of affected people to sign complaints against deviants. Depending purely on coded officers would not work.

Would not and does not, I assure you.

[Wyane]

"boro has twice as many houses on the market now as it did this time last year"...Settlement, Schools wonder why? OK so with home prices falling, schools failing, and the illegals coming, and twice as many homes for sale...hummm I wonder why.
Personally I prefer to STAY AND FIGHT!

"My neighborhood is a good one"...Your in the Boro, we are ALL in this together, its a SMALL town brother!

"not affected by the deviants from other areas of town"...Think again, what schools are you sending your kids to. and who else is attending these schools, YOU ARE AFFECTED silly
"see an adjustment and then the houses will sell as they always have"...depends on what you ACCEPT as an adjustment, you may be VERY disappointed in this ADJUSTMENT! As I have said before, the first thing a buy will look at are the schools, and the news here is dismal, thus your so called ADJUSTMENT will be dismal.
"First, give the rentals incentive to leave. WE do not need them"... FAT CHANCE

"control the over all population of this town"... I understand your sentiment, but this is a dangerous concept

"sign complaints against deviants." These Deviants have lawyers the likes of whom have just settled with the town, ie, if you File a complaint, they will sue you right or wrong, can you afford a lawyer? they get thiers for free (or can have you pay their legal fees too). They have nothing to lose and you do, namely our home, and they will take it if they can...so if your going to sign a complaint you BETTER be dead on right and have indisputable evidence, which will require lost of time and effort on your part,

[wyane]

"If variances to convert single-family to multi- are still being handed out, stopping that practice right now would be a good start. (I assume they are, since the house next door to me was single family until the latest scumlord purchased it, and it now has at least two distinct groups of people living in it.)..."


"If variances to convert single-family to multi- are still being handed out, stopping that practice right now would be a good start. (I assume they are, since the house next door to me was single family until the latest scumlord purchased it, and it now has at least two distinct groups of people living in it.)..."

Fed..I am under the impression that if a home owner seeks a variance, being that your nextdoor, the town needs to ask YOU and the all emedialte Neighbors for consent for apporval, as it will impact your QOL, and porperty. Other towns require this course of action.

[wyane]

Ohh PS, .....Presume that no variance has been issued, and contact code enforcment AT ONCE!!!

Smells like a clear cut overcorwding viloations...

Also be aware, there are no laws makeing it illegal to rent a house to 5, 6 or 7 unrealted people, as long as the Sq footage per person ratio is not in violation to code. Sucks but thats the law, as I understand.

I have 5 homes on my steet now, that are "Rentals", I see alot, and call code enforcment alot

[fedup]

wyane said:

Ohh PS, .....Presume that no variance has been issued, and contact code enforcment AT ONCE!!!

Smells like a clear cut overcorwding viloations...

Also be aware, there are no laws makeing it illegal to rent a house to 5, 6 or 7 unrealted people, as long as the Sq footage per person ratio is not in violation to code. Sucks but thats the law, as I understand.

I have 5 homes on my steet now, that are "Rentals", I see alot, and call code enforcment alot

In our instance, code inforcement has been called and the situation continues unabated. We were not notified of any variance being granted for multifamily occupation, but it is very clear that is what is occuring, variance or no variance.

[Libyan Sibyl]

Libyan said:

Dateline: Friday, November 10, 2006

Source: Realtor.com

for sale:
96 single family properties
10 condo/townhouses/co-ops

16 multi-family homes
2 vacant lots

5 rentals (on realtor.com)

Dateline: Monday, November 20, 2006

Source: Realtor.com

for sale:
94 single family properties
11 condo/townhouses/co-ops

17 multi-family homes
2 vacant lots

6 rentals

Source: realtor.com

[Libyan Sibyl]

wyane said:

I have 5 homes on my steet now, that are "Rentals", I see alot, and call code enforcment alot

You call code enforcement alot, but it seems that the problem persists. Why so many calls? Is code enforcement able to crack down? Have they not responded to your calls?

[wyane]

Why so many calls?
When I notice an increase of contractors pickup truck picking up and dropping off in front of one or two homes, a flag goes up....WHen I see construction with no posted permits, I called they came and issued fines

Is code enforcement able to crack down?
At times yes, other times I learn that there are some things that are clearly suspious, but in its self, not direct violation. One Landloard earned himself a $2000.00 fina, another was fined twice for overcrowding, had the tenants removed, and the house was vacant for almost two months...cost of doung buiisness!


Have they not responded to your calls? Mostly

[wyane]

Dateline: Monday, November 20, 2006
Source: Realtor.com
for sale:
94 single family properties
11 condo/townhouses/co-ops
17 multi-family homes
2 vacant lots
6 rentals.........

Is this whats on the market in the Boro? Explain this please,

[Libyan Sibyl]

Is this whats on the market in the Boro?

¡Sí!

[wyane]

no habla... These homes selling for peso's on the dollar yet, and is there mule parking available

[Libyan Sibyl]

The conventional wisdom is that the current market is good for buying and renting. the rental market has supposedly gotten much better since the "bubble" deflated.

[Libyan Sibyl]

Dateline: Wednesday, December 27, 2006

Source: Realtor.com

for sale:
77 single family properties (on Nov. 10, there were 94)
7 condo/townhouses/co-ops (on Nov. 10, there were 10)

14 multi-family homes (on Nov. 10, there were 16)
2 vacant lots (on Nov. 10, there were 2)

14 rentals (on realtor.com) (on Nov. 10, there were 5)