Hello, my name is Dave Sulvetta and I am a full-time real estate agent with eXp Realty. I have been a full time realtor for 15 years and during that time, I have helped clients buy and sell over $145,000,000 worth of real estate. One of my specialties is in the Gloucester Township area, where I have sold over $44,000,000 in real estate alone.

I live in Gloucester Township and I have a deep understanding of the local real estate market and the unique qualities that make this area a great place to live. I pride myself on my ability to provide my clients with personalized service and expert advice, helping them to achieve their real estate goals in a timely and stress-free manner.

In addition to my experience and expertise in real estate, I am also committed to staying up-to-date with the latest industry trends and technologies. This allows me to provide my clients with the most accurate and comprehensive information, helping them to make informed decisions about their real estate transactions.

Whether you are a first-time homebuyer, looking to sell your current property, or searching for your dream home, I am here to help. Please don't hesitate to reach out to me with any questions or to schedule a consultation. I look forward to working with you!

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January 2022 - January 2023

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This report provides a year-over-year comparison of the Gloucester Township real estate market, focusing on key metrics such as sold dollar volume, average sold price, median sold price, units sold, average days on market, the average list price for sold properties, and average sales price to original list price ratio (SP to OLP ratio).

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Sold Dollar Volume:

The sold dollar volume in Gloucester Township, NJ decreased by 56.95% from $8,590,971 in the previous year to $3,698,799 in the current year.

 

Average Sold Price:

The average sold price in Gloucester Township, NJ decreased by 1.66% from $289,422 in the previous year to $284,611 in the current year.

 

Median Sold Price:

The median sold price in Gloucester Township, NJ decreased by 5.66% from $265,000 in the previous year to $250,000 in the current year.

 

Units Sold:

The number of units sold in Gloucester Township, NJ decreased by 58.06% from 31 units in the previous year to 13 units in the current year.

 

Average Days on Market:

The average days on market in Gloucester Township, NJ increased by 105.26% from 19 days in the previous year to 39 days in the current year.

 

Average List Price for Solds:

The average list price for sold properties in Gloucester Township, NJ increased by 2.67% from $277,128 in the previous year to $284,523 in the current year.

Average Sales Price to Original List Price Ratio (SP to OLP Ratio):

The average sales price to original list price ratio (SP to OLP ratio) in Gloucester Township, NJ decreased by 7.31% from 105.6% in the previous year to 97.9% in the current year.

 

Ratio of Average SP to Average OLP:

The ratio of average sales price to average original list price (SP to OLP ratio) in Gloucester Township, NJ decreased by 6.05% from 104.2% in the previous year to 97.9% in the current year.

 

Attached Average Sold Price:

The attached average sold price in Gloucester Township, NJ increased by 13.91% from $208,500 in the previous year to $237,500 in the current year.

 

Detached Average Sold Price:

The detached average sold price in Gloucester Township, NJ decreased by 1.65% from $298,092 in the previous year to $293,176 in the current year.

 

Attached Units Sold:

The number of attached units sold in Gloucester Township, NJ decreased by 33.33% from 3 units in the previous year to 2 units in the current year.

 

Detached Units Sold:

The number of detached units sold in Gloucester Township, NJ decreased by 60.71% from 28 units in the previous year to 11 units in the current year.

 

Conclusion:

The year-over-year comparison of the Gloucester Township real estate market shows a significant decrease in sold dollar volume, units sold, and the average sales price to original list price ratio. The average days on market also increased substantially. However, the average list price for sold properties increased slightly, and the attached average sold price increased significantly. The detached average sold price decreased slightly, and the number of units sold decreased substantially for both attached and detached properties. Overall, the market appears to have slowed down in the current year, possibly due to external factors such as the ongoing COVID-19 pandemic or economic conditions.

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Please Review the Graphic Below

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