Don’t Believe the Housing Bubble Rumors — Unless You’re in These 7 Markets — The Motley Fool

The term “housing bubble” is thrown around right and left lately, but are we really at risk? Not unless you’re in these seven markets, says a new study.

Housing Bubble Rumors

Across the nation, rising home prices suggest a definite recovery from the 2008 recession — and there’s no doubt you’ve come across more than a few articles speculating on an impending real estate bubble.

But are we really in store for a collapse of the housing market? Only in certain parts of the country, says a new study conducted by real estate experts Norm Miller, Hahn Chair of Real Estate Finance in the School of Business Administration’s Burnham-Moores Center for Real Estate at the University of San Diego (USD), Michael Sklarz, president of Collateral Analytics and Jim Follain, senior vice president for research and development at Collateral Analytics.

Pooling new research from almost 400,000 neighborhoods and 20,000 surrounding zip codes across the country, Miller and his co-authors detail their findings in a white paper called, “Is a New Home Price Bubble Forming?” In the study, they focus on defining the characteristics of a “bubble” and finding economically sound ways of evaluating the intrinsic value of homes so as to take a more accurate look at where we are in terms of market sustainability.

Their findings uncover strong correlations between an area’s industry and its real estate market’s volatility. “In markets where wealth is volatile, say for markets with a heavy concentration of recently successful tech start-ups, changes in the value of these companies could also be considered a volatile factor driving prices,” states the research paper. “Changes in incomes, on the other hand, rarely change rapidly and are less likely to trigger rapid price declines except in markets with little industrial diversification.”

What does this mean for specific markets?
Miller cautions against the abounding use of “bubble” when describing the U.S. real estate market as a whole. True real estate bubbles, he adds, are more rare than may be commonly believed:

[A] reason why we do not use the term ‘price bubble’ freely is that real ones are very infrequent. Examples of real bubbles include, stock prices in 1929, 1987, and NASDAQ stocks in 2000, gold and silver in 1980, Japanese land and real estate prices in 1989-90, and, of course, home prices in the U.S. in 2005- 2007. Based on these rare examples, it is reasonable to say that true bubbles only occur on average once in a generation.

Still, several specific markets may have reached levels of unsustainability. Factors that drive this volatility include neighborhoods with low equity and high loan to value ratios, median household income, the value of the U.S. dollar against foreign currency, demand for coastal housing with limited supply and dependence on low interest rates.

The study cites the following areas as at risk for near-bubble levels, in part due to reliance on tech capital and rapidly changing valuations of start-up industry:

  • Miami, FL
  • Denver, CO
  • Portland, OR
  • San Diego, CA
  • Oakland/Berkeley, CA
  • San Francisco, CA
  • San Rafael, CA

U.S. housing as a whole remains sustainable
Miller and his team focused specifically on the neighborhood level, he says, because when markets collapse, they tend not to do so evenly across metro areas. Rather, looking at localized areas is key to getting accurate housing data.

And while some specific areas are inflated (and this could be seen as more of a “tech bubble” than a “real estate” bubble, where declines will likely be driven by falling stock prices), the U.S. as a whole is not on the precipice of a burst real estate bubble, Miller says.

“Our analysis based on a number of approaches we have used over the years to identify home price bubbles is that we are far from bubble territory on a national or metropolitan level and that anyone claiming otherwise is looking to sensationalize an issue which does not exist.”

http://www.fool.com/investing/general/2015/07/27/dont-believe-the-housing-bubble-rumors-unless-your.aspx?source=eogyholnk0000001

Before You Get Settle Into Your New Home, Make These Changes Immediately | Fox News
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The moving frenzy never ends: Even after you close, the to-do lists drag on and on — endless pages of bullet points that keep you up at night when all you want is to begin your new life. Some of them are fun, like redecorating and buying new furniture.

Others, not so much.

“When you move into a new house, you’re more concerned with decorating and taking stuff out you don’t like,” says Kevin Minto, president of Signet Home Inspections in Grass Valley, CA. “But let’s not forget about the less romantic things that are mundane — but more important in the long run.”

Once you’ve got the keys, feel free to give yourself a break. You deserve it! But don’t rest on your laurels too long — and make sure to do these eight things right away.

1. Change the locks

Before moving even one tiny piece of furniture into your new home, change the locks — or at least have them rekeyed. It’s not that you don’t trust the sellers (who are, we’re sure, perfectly respectable and upstanding citizens). It’s that you shouldn’t trust everyone who’s had contact with those keys over the years, any of whom could have copied the keys for some unsavory purpose.

2. Change the alarm batteries

Making sure your fire and carbon monoxide detectors have fresh batteries may not seem like a pressing issue while you’re in the middle of a stressful move (and aren’t they all), but it’s the kind of thing that gets ignored and then forgotten. Better to deal with it now, when the home is empty and you can make a quick sweep of the house — without lugging a ladder around furniture.

3. Review your home inspector’s report

Can’t find your inspector’s report? Minto says reports are often filed with the escrow papers — but don’t wait until something goes wrong to pull them out. A good home inspector will outline the most important issues in their report, so use their expertise as a guide for your first few days of ownership. If they’ve marked anything as particularly pressing, make sure to handle it before moving in.

4. Find the circuit breaker

If you were there during inspection, you should know where your junction box is, but if you don’t, finding it “should be the first and foremost thing that should be attended to,” Minto says. During a move, when you’re plugging all sorts of electrical doodads into the wall, you don’t want to be lost in the dark hunting for that elusive metal box. (While you’re there, find the water shut-off, too.)

Then, get familiar: If it’s not already well-marked, have your spouse or another family member stand in different parts of the house while you flip different switches, and make a note of which ones handle different rooms.

5. Deal with any water problems

Looking at that inspector’s report? Deal with water-related issues immediately, says Minto. These tend to be troublesome because they’re so easily ignored — “out of sight, out of mind,” he says. A leaky toilet might seem minor, but the steady drip can damage internal structural components.

Check your roof, too: If the rubber vent boots on your roof are leaking, you might not know it for a while.

“By the time they see it in a ceiling, there’s been a fair amount of water,” Minto says.

6. Caulk everything

This one isn’t mandatory, but caulking is a whole lot easier if you do it when the house is empty, letting you see all the nooks and crannies that might need a little sealing — and don’t forget the exterior. Minto says he sees caulking issues on “every home,” and while they might seem minor, it doesn’t take long before cracking gives way to leaks and even more water issues.

7. Plan your emergency exits

Before you begin bringing in furniture, walk through every room and decide how you would escape in an emergency. This can help you spot problem areas or rooms that need some adjustments — say, removing bars or adding egress windows to a basement.

8. Clean your gutters

BO-RING. Right? You can put this off until Day 2 of your big move, but don’t let the dullness of the task push you to procrastination: If the previous homeowners didn’t clean the gutters, you need to do so ASAP.

“I see gutters that are filled with organic materials start to rot and start to rust through,” Minto says. Take 30 minutes to clear them out, and you’ll be rewarded come the rainy season.

http://www.foxnews.com/leisure/2015/07/21/before-get-settle-into-your-new-home-make-these-changes-immediately/

Stop Paying Your Landlord's Mortgage | Keeping Current Matters

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s.

As The Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return.  

That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Christina Boyle, a Senior Vice President, Head of Single-Family Sales & Relationship Management at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity.

The graph below shows the widening gap in net worth between a homeowner and a renter:

Increasing Gap in Family Wealth | Keeping Current Matters

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since home values and interest rates are projected to climb.

http://www.keepingcurrentmatters.com/2015/07/21/stop-paying-your-landlords-mortgage/?utm_campaign=Blog_Promo&utm_medium=Social&utm_source=Facebook&utm_content=dailyblogpost

First-time home buyers are back, baby—but a new wave of these (mostly) millennial prospectors is more likely than other buyers to face certain obstacles to nailing the deals, a new survey of our users shows.

According to the latest existing-home sales report by the National Association of Realtors®, first-time buyers in May represented 32% of all sales, up from 30% in April and 27% a year ago. On realtor.com®, we’ve been seeing record traffic all year, and among serious house hunters, the share of 25- to 34-year-olds—the upper reaches of the millennial generation—has substantially increased.

“This is the beginning of millennials now seriously getting into the home-buying market,” said Jonathan Smoke, our chief economist, during a panel discussion on Wednesday at the National Association of Real Estate Editors conference in Miami. The topic was “Mortgage Availability for Millennials and Other First-Time Buyers.”

“This age range historically is the critical time frame in which most people buy their first home,” Smoke said after analyzing a survey of more than 12,000 site visitors  from Jan. 1 through June 15. “Even last year, when the first-time buyer segment was depressed, 25- to 34-year-olds still represented the largest single age demographic of buyers.”

In January this year, about 54% of these older millennials said they were planning to buy a home within three months. By mid-June, that figure was 65%. In addition, older millennials and first-time buyers are more optimistic than the average buyer, saying that they are “very likely to purchase within the next 12 months.”

But these buyers are more likely than typical buyers to struggle to find a good house within their budget, to gather funds for a down payment, and to improve their credit score.

Struggling to qualify for a mortgage

For example, only 3% of prospective buyers report that difficulty qualifying for a mortgage is an impediment, but 65% of them are under 45. Smoke did an in-depth analysis of these buyers with mortgage difficulties.

“It’s not just millennials, but also young Generation Xers,” he told the audience in Miami.

Would-be buyers who report that they’re having a hard time getting a mortgage are60% more likely to be first-timers. They have been trying to buy for quite some time—probably because they haven’t been able to qualify for a loan. In fact, 25% report that they started looking to buy more than a year ago, which is 50% higher than the typical buyer.

Here are the key impediments that they face:

  • 60% cite needing to improve their credit score, the No. 1 issue for this type of buyer; that rate is almost 7 times that of the typical buyer.
  • 52% cite lacking funds for a down payment.
  • 39% say they cannot find a good house in their budget.
  • 15% cite being on a lease, which is 2.5 times that of the typical buyer.

Despite the challenges, these would-be buyers clearly aren’t giving up—they are 85% more likely to say that they plan to buy even if it takes a year or more.

http://www.realtor.com/news/trends/how-are-millennials-doing-in-this-housing-market/

 

Millions of America’s young people are really struggling financially. Around 30 percent are living with their parents, and many others are coping with stagnant wages, underemployment, and sky-high rent.

And then there are those who are doing just great—owning a house, buying a car, and consistently putting money away for retirement.

These, however, are not your run-of-the-mill Millennials. Nope. These Millennials have something very special: rich parents.

These Millennials have help paying their tuition, meaning they graduate in much better financial shape than their peers who have to self-finance college through a mix of jobs, scholarships, and loans. And then, for the very luckiest, they’ll also get some help with a down payment, making homeownership possible, while it remains mostly unattainable for the vast majority of young adults.

To start with, most of those who continue their education after high school have families that are able to help financially. A recent report from the real-estate research company Zillow looked at Federal Reserve Board data on young adults aged 23-34 and found that of the 46 percent of Millennials who pursued post-secondary education (that’s everything from associates degrees to doctorates), about 61 percent received some financial help with their educational expenses from their parents.

And yet, even with this help, the average student at a four-year college graduates with about $26,000 in student-loan debt. Millennials who are lucky enough to have some, or all, of a college tuition’s burden reduced by their parents have a leg up on peers who are saddled with student debt, and they’ll be able to more quickly move out on their own, and maybe even buy their own house.

And that matters a lot in the long run: While many remain skeptical about the real-estate market, homeownership is still the primary way that Americans build wealth. But first-time buyers—a group generally made up of younger adults—have been scarce since the recession. And research indicates it’s not because many of them want to remain renters, but because they just simply can’t save up enough for a down payment, especially not the down payments needed in the expensive urban markets where so many Millennials prefer to live. According to Svenja Gudell, the senior director of economic research at Zillow, “There’s a ton of people out there who want to buy. In our most recent survey in the beginning of the year, we had 5.3 million renters interested in buying over the next year.”

But, because of their student-debt loads, they cannot. “When it comes to taking out a mortgage, they aren’t able to carry that mortgage payment because they have very chunky payments to make to the lenders of their student loans. So that’s certainly holding Millennials back along the way,” Gudell says.

A recent study by the real-estate company Trulia laid it out this way: Imagine an individual who earns $50,000 and is shopping for a $200,000 home (the median U.S. income and house price). This person would like to put 20 percent down. If he or she follows the popular financial advice to save 10 percent of his or her annual pay, it’ll take him or her about eight years to have that down payment ready to go. If that same person has $26,000, of student debt, which means monthly payments of $280 based on a 10-year repayment plan, it’ll take this person closer to nine years.

But even these numbers are optimistic, with many Millennials owing monthly payments much more than $280 per month, and making much less than $50,000 a year. And in many markets, good luck finding a $200,000 house. In some of the priciest areas, such as San Francisco, it would take those with a college degree and student loans nearly 30 years to save up enough for a 20 percent down payment. For those without the wage boost that a degree brings, it probably won’t be possible at all.

According to Zillow, 43 percent of Millennials who got help from their parents in paying for school were also able to become homeowners. According to Census data the homeownership rate for all young adults was about 36 percent in 2014.

Then there is the group that the Zillow study dubs “double lucky.” These are the select few whose families had enough money to not only help them with college, but to then also assist them with a down payment on a home. This group accounts for more than half of the Millennial homeowners in the Zillow’s data, though they account for only 3 percent of the total Millennial population. Only about 9 percent of Millennials whose parents were able to contribute to their post-high school education were also able to help them purchase a home—and the group that had such significant help is an incredibly low percentage of the total Millennial population.

The study calls this a “funnel of privilege”: Young adults with rich parents soon become rich themselves.

“Haves are turning their riches or their wealth into bigger wealth because they are investing in the housing market by simply living in a house,” says Gudell. This advantage is one that these Millennials will carry forward as they earn more than their degree-less peers, and save more than those who were forced to throw away tens of thousands of dollars on rent due to their inability to buy. In the future, they’ll have wealth to pass down to their own kids, continuing the cycle.

http://finance.yahoo.com/news/millennials-thriving-financially-one-thing-120100183.html

by Mark Mueller

Take that, Jersey-bashers!

Often ridiculed on the national stage as a place teeming with toxic waste, political corruption and gauche reality TV stars, New Jersey has landed at the top in a recent ranking of the best states to raise a family.

Niche, a Pittsburgh-based company that mines and analyzes all manner of government data to produce “best of” lists, found the Garden State had just the right alchemy of factors to push it to number one.

The report card included “A” ratings on education, typically one of New Jersey’s strongest draws, and on access to libraries. Three more categories — crime and safety, access to daycare and community involvement and investment — received “A-” scores.

In the company’s weighting, safe communities and good schools accounted for 40 percent of the overall score. Daycare and access to grocery stores were worth 5 percent each.

The state fared poorly on housing, a category that incorporates home values, property taxes, housing costs, and the age of new home buyers. Niche rated New Jersey a “C” on that front. But because it accounted for just 10 percent of the overall score, housing was not enough to dislodge the state from the top spot.

Cost of living, typically one of the biggest complaints about New Jersey, was not considered in the ratings.

The Northeast in general made a strong showing in the assessment, with Connecticut ranking fifth, Massachusetts sixth, New Hampshire 10th, Vermont 12th, New York 16th, Pennsylvania 19th and Maine 20th.

Virginia, which scored poorly only on access to grocery stores, finished just below New Jersey, followed by Minnesota and Utah.

Hawaii — land of luaus and white sandy beaches — was not considered because of insufficient data, Niche reported.

The worst state to raise a family?

Louisiana, according to the company, which gave the Pelican State grades of “D+” for crime and safety, “C” for education and “C-” for community involvement and investment.

New Mexico, Tennessee, Mississippi and Nevada rounded out the bottom five.

http://www.nj.com/news/index.ssf/2015/05/why_new_jersey_ranks_as_the_best_state_to_raise_a.html

 

How Millennials Living With Parents Are Affecting the Housing Market – Yahoo Homes

It’s getting better for millennials financially, but the housing market is getting impatient.

A Ned Davis Research report from a few months back indicated that joblessness, stagnant income and student loan debt had not only set millennials back, but kept enough of them away from buying homes to account for 3 million homes’ worth of property demand. That’s 1 million more homes than the 2 million existing homes, or 4.6-month supply, that the National Association of Realtors says are in the national inventory.

According to the Census Bureau, 30.3% of millennials ages 18 to 34 still live at home with their parents. That’s more than 22 million out of 76 million millennials, including nearly 12 million between the ages of 25 and 34. Eric Mintz, portfolio co-manager at Eagle Asset Management, notes that millennials living at home are a huge headwind for the overall economy.

“The marriage rate has been down, but it has a lot to do with the financial well-being of the millennial generation,” he says. “But it does appear to be on the mend and, as we work our way through the recovery, household formation should start to climb higher.”

Millennials have a whole lot of other obstacles to clear before reaching that point, however. The effective unemployment rate for millennials, including those who’ve dropped out of the workforce, was 13.9% in March. Even those who are employed are having a hard time saving. They’re coming out of college with average student loan debt of more than $33,000 apiece, with more graduates having $40,000 or more in student loan debt than at any other time in U.S. history.

They’d like to own homes — and 43.4% of college-educated millennials do want to, according to the Lending Tree — but 67.4% say they need a higher salary, 28.7% want to pay off student loans first and 25.7% say homeownership would be a possibility after they spent time and money on other things, such as traveling, investing and philanthropic missions. Besides, 44.8% have less than $5,000 in savings.

“As the economy is rebounding, this market segment is still feeling longer-term effects of the recession,” says LendingTree founder and CEO Doug Lebda. “Underemployment and low salaries combined with high student debt and uncertainty about the future are a reality that is affecting the housing market. The demand is there, but until this age group sees higher salaries, lower debt levels and feelings of settlement, millennial participation in the housing market will be slow.”

Meanwhile, millennials’ parents have been their most trusted financial advisors and biggest supporters. According to a survey by the Principal, millennials’ parents still chip in for their cellphone bills (12%), car insurance (8%), health insurance (7%) and rent (7%). Their investment is starting to pay off.

Joe O’Boyle, a financial advisor and retirement coach with Voya Financial Advisors in Beverly Hills, Calif., notes that millennials living at home aren’t always doing so because they’re jobless. In many cases, it’s the most fiscally responsible way they can pay down debt — if their parents go along with it. O’Boyle shared the story of a financially savvy millennial client who is a doctor in Los Angeles and made the conscious decision to live at home with her parents after finishing medical school.

“She used the estimated $4,000 a month that would have been going towards rent and utilities and the cost of living on her own towards paying down her student loans, building up her emergency reserves and savings towards a wedding fund,” he says. “She has a great relationship with her parents, and lived at home for two years — $96,000 in savings — to put herself in a better financial position to start a life with her soon-to-be husband.”

One of O’Boyle’s other clients, a sales director with a six-figure salary, opted to live at home to pay off student loan and credit card debt and build a $36,000 travel fund to give himself $3,000 a month for a year abroad.

“He said he had no concerns about finding a job upon his return,” O’Boyle says. “He would live with his parents for a few months when he returned from his trip. This way he could find a new job and build up his savings so he could live comfortably on his own. He said, ‘The time for this adventure is now,’ and he made it happen.”

Overall, millennials have seen their fortunes improve during the economic recovery. According to the Principal, 32% of employed millennials have more job security than a year ago and just 4% have less job security. Another 30% of millennials say their savings are in better shape now than a year ago, while just 15% are less comfortable. Finally, 33% of millennials report their overall financial situation is better than 12 months ago compared with 16% who say it has deteriorated.

Eventually, even among millennials who live with their parents, that typically means a step into the housing market. O’Boyle notes that many millennials with good jobs who can afford to live on their own make the choice, with their parents, to live at home so they can save money toward buying their first home. In the costly Los Angeles housing market, one of his millennial client who is an attorney with student loans or credit card debt decided to live at home so she could save toward the down payment on a home. She lived at home for three years after she finished law school and saved up more than $200,000 to make a 20% down payment on a home in a nice neighborhood near her office.

“She said that there were some small sacrifices to her social life that came with living with her folks, but that it allowed her to buy her first home and it was definitely worth it,” O’Boyle says. “The trade-off for many millennials living at home is giving up some of their independence today for greater financial freedom tomorrow.”

  • Here’s the deal: Realtor.com says median home prices are up to $225,000, with the hottest markets right now in Dallas/Fort Worth, Texas; Santa Rosa and Vallejo-Fairfield, Calif.; and Denver. One measure of a hot market

    “Sellers in the hotter markets are seeing listings move between 29 and 49 days more quickly than in the rest of the country, and at an accelerating pace from just last month — an average of five days faster,” says Jonathan Smoke, chief economist at Realtor.com. “These markets are especially attractive to buyers … listings are viewed two to three times more often than the national average.”

    If you’re looking to jump into the market, be prepared, and don’t focus on cutting the perfect deal as much as on a realistic deal that gets you a home you love.

    “Buying at a lower price might be the wrong thought process in this market,” says Edward Kaminsky, president of Kaminsky Real Estate Group in Manhattan Beach, Calif. “Information moves so rapidly through Internet sites that the chances of getting a bargain have long gone away. The bigger concern is where will prices be and where will interest rates be in six months, one year or two years.”

    Kaminsky offers a blueprint for buyers before they start looking for a new house:

    • Know your budget.

    • Shop within your budget.

    • Adjust your expectations if the market has passed you.

    • Make educated offers, and find out as much as you can before writing the offer. See if there are offers on the home you want, and if they are over the asking price.

    • Consider increasing your down payment to get your loan.

    Another big part of the preparation process is getting pre-approved, says Casey Fleming, a mortgage advisor at San Jose, Calif.-based C2 Financial and author of the blog LoanGuide.com. “To get the best deal in a competitive market, make sure you get pre-approved,” he says.

    But what many real estate agents won’t say is that your pre-approval must be credible, Fleming says. “Buyers should remember the highest bid is not necessarily the best bid,” he says. “The bid most likely to close is the best bid. If the mortgage advisor is experienced and knowledgeable, and works for a lender that is credible, the buyer has a good chance of having their offer accepted even if the offer is lower than others.”

    One good reason to buy now, even if prices are up and the inventory situation is sketchy, is that interest rates remain reasonable (at 3.79% for a 30-year fixed mortgage loan, according to BankingMyWay.com.) “Buyers should be taking advantage of the low rates and locking in a fixed low rate for 30 years,” says Craig McCullough, a Washington, D.C., realtor. “Even if prices were going to stay the same, rates are predicted to increase over the next year or so.”

    “Half a point of interest in not an unlikely rise, and depending on sales price, it can mean several hundreds of dollars a month to a buyer,” he adds. “Add in the likely rise in sales prices, and tardy buyers could face a double-whammy on both sales price and interest rate.”

Address Listing Price Sold Price Days
Bernards Twp. 61  Baldwin Ct $164,277 $164,277 14
344  Potomac Dr $199,800 $193,500 40
120  Countryside Dr $203,000 $203,000 62
121  Smithfield Ct $219,000 $204,000 105
411  Penns Way $223,000 $205,000 65
34  Alexandria Way $239,900 $235,000 31
235  English Pl $243,000 $243,000 1
147  Woodward Ln $259,000 $259,000 30
230  English Pl $268,000 $268,000 27
150  Alexandria Way $294,900 $287,000 29
45  Smithfield Ct $298,000 $288,000 184
14  Woodward Ln $327,900 $316,000 134
149  Village Dr $369,900 $365,000 11
23  Cannon Ct $400,000 $408,000 6
71  Woodstone Rd $499,000 $495,000 16
30  Fairbanks Ln $514,900 $514,900 49
70  Lurline Dr $600,000 $595,000 14
38  Oak Ridge Rd $629,000 $630,000 32
41  Lake Rd $779,000 $745,000 213
19  Darren Dr $799,000 $865,000 23
10  Honeyman Rd $811,000 $836,000 76
40  Canter Dr $825,000 $826,000 7
Address Listing Price Sold Price Days
Bedminster Twp. 14  Ray Ct $259,000 $252,500 189
36  Fieldstone Rd $279,000 $279,000 15
63  Wescott Rd $289,999 $280,000 163
69  Academy Ct $305,000 $297,500 27
31  Pheasant Brook Ct $325,000 $315,000 38
49  Four Oaks Rd $425,000 $420,000 14
29  Stone Run Rd $447,000 $437,000 37
118  Westview Ln $499,999 $490,000 135
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