The new estates on the block
The NY Times
Statewide, enough homes are on the market to last for nine months, compared with the six-month equilibrium of a healthy market, according to the Otteau Valuation Group, an East Brunswick appraisal and real estate data firm. But the supply of…
Savvy Buyers Seek the Shore
The NY Times
THE pace of residential sales in the shoreline counties of Ocean and Monmouth has wavered a bit this summer — cresting in June over the year before, then staying flat in July. But if you look only at the subset…
N.J., Northeast real estate sales rise, signaling a bottom
NJ.com/The Star Ledger
The state has seen signs of a bottom of the market, and perhaps a turnaround, for a few months, according to data from the Otteau Valuation Group, an appraisal and analysis company that studies New Jersey real estate.
N.J. foreclosures rise 31 percent during first half of year
NJ.com/The Star Ledger
Foreclosed homes tend to drag down the value of nearby houses, especially when there are many in a single neighborhood. But Jeffrey Otteau, whose firm Otteau Valuation Group compiles and analyzes New Jersey housing market data, said the continued foreclosure…
Area home prices continue to decline
APP.com/Gannett
Figures compiled by the Otteau Valuation Group help give a picture of what is happening in Monmouth and Ocean counties. According to the East Brunswick real estate consulting firm, the median price for all homes in Monmouth County, including new…
Shore bargains on pricey homes
APP.com/Gannett
In the second quarter, the market had a 10-month supply of homes in Monmouth County and an 11-month supply in Ocean County, according to the Otteau Valuation Group, an East Brunswick-based real estate consulting firm. That's down from an 11-…
Rising housing sales encouraging, but market still has more ebbs to overcome
NJ.com/Star Ledger
In some municipalities, such as Perth Amboy and Elizabeth, there were twice as many sales this spring as last year, according to figures from the Otteau Valuation Group, which studies New Jersey real estate data.
A Tarnished ‘Gold Coast’
The NY Times
Condominiums make up roughly 80 percent of Hudson’s housing stock — and across the price spectrum, they have sold poorly, according to the Otteau Valuation Group, which reports to the housing industry. Even for those priced under $400,000, Otteau reported…
New home sales rise nearly 30 percent in Northeast
The Star Ledger
Sales of already-lived-in homes rose 2.5 percent in the Northeast in June, according to the National Association of Realtors. Also, many areas of New Jersey have seen sharp inventory declines, meaning more competition for fewer homes, according to figures from…