Foreclosures & Short Sales 6/22

Well, summer is here, and while home prices are down, activity is up. While there's been a lot of national statistics regarding home prices, there has been very little locally.

The graph to the right represents average home values of single family homes in Middlesex County based on closed sales since 2006. Declines were cyclic, but not as drastic as other parts of the US, until September 2008, when the banking industry imploded. Since then, the market has slowed in its decline. It'll be interesting to see when it actually ends.

On the other hand, it seems the Foreclosure and Short Sale activity continues to rise. Whether this is seasonal or simply banks moving forward is hard to say, but the bottom line is this kind of market is here to stay, at least for the next several months, which means tremendous opportunity for the saavy buyer.

For this week's Foreclosures and Short Sales, check out the list below. Our focus is Middlesex County and surrounding areas, so if you don't see an area, don't feel bad. We can still help! Just drop us an email or call.

If you'd like more information on any of these properties, please contact me at cooper@zastko.com or call me direct at 609-865-5877.

Aberdeen

Avenel

Carteret

East Brunswick

Iselin

Keansburg

Keasbey

Manville

Matawan

Middlesex

Monroe

New Brunswick

North Brunswick

Old Bridge

Piscataway

Sayreville

Woodbridge

CONDOS

MULTI FAMILY