Now that we have reached the end of another year, we have the total sales and average sales prices to show us which way the Interlaken, Monmouth County sales have gone during the year 2009.
There were a total of twelve home sales in Interlaken this past year with a low sales price of $390,750 and a high price of $1,275,000. The averge sales price was $607,354. If you take away the high sale and low sale as we sometimes do in a market report the average sales price for Interlaken home sales in 2009 would be $562,250. This number pales in comparison to the year 2008 where 15 homes sold in town. So to start with there has been a 20% reduction of sales. Now if you take the average sales price for 2008, which is $686,266. you will see that there is a 11% drop in price in the Interlaken home sales from 2008 to 2009. We can read all the facts that are printed in the paper but the fact remains Real Estate is local. You must determine what is happening in your market to come up with a true market valuation of your property. These are the facts for Interlaken, Monmouth County New Jersey. Please call me when you are ready to buy or sell in Interlaken, 732-763-2284, I would love to show you my town.
