The opening of our Monmouth County branch kicks off our aggressive expansion plans for the Northeast. We are also planning new branches in Mercer and Hudson counties, both due to be opened by the end of the second quarter of 2014.
Cherry Hill, N.J. (PRWEB) May 06, 2014
North American Title Agency (NATA) has opened a new branch in Manasquan, New Jersey, with closing and sales representatives.
“The opening of our Monmouth County branch kicks off our aggressive expansion plans for the Northeast,” said Vince Daino, vice president, Northeast division sales manager, NATA. “We are also planning new branches in Mercer and Hudson counties, both due to be opened by the end of the second quarter of 2014.
“Monmouth County is strategically located in the Central New Jersey market, with great potential for growth in a very positive economic environment,” added Daino. “The office will also be able to serve NATA customers in adjacent counties, including Ocean County.”
Ranked as 38th among the highest-income counties in the United States as of 2011, Monmouth County is among the top 1.2 percent of U.S. counties by wealth. Its real estate environment is equally positive, with the median value of $399,000 for owner-occupied housing units in the county, compared to a median value of $337,900 for the state.
“This area is about an hour south of New York City,” said Jennifer Costa, Monmouth County branch manager, NATA. “We have a good mix of primary residences and second homes, including large homes, bungalows and condominiums. In addition, we were fortunate that we experienced fewer effects from Hurricane Sandy, so our housing market here has bounced back nicely with very few foreclosures.”
In March 2014, single-family home sales in Monmouth County had dropped 9.6 percent from 2013 figures, from 334 to 302 sales, according to the New Jersey Association of Realtors®. However, the median sales price had jumped 6.3 percent year-over-year, from $373,500 to $397,000, and days on market until sale dropped from 93 days to 88 days, comparing March 2014 to March 2013. In the same period, the supply of homes for sale dropped 13.3 percent from 8.3 months to 7.2 months, moving the area to more of a seller’s market. Condominiums showed a dramatic drop of 25.6 percent in inventory, with only 6.1 months’ supply in March 2014 compared to 8.2 months a year ago.
Costa said she and branch associate Linda Nardone offer the local real estate community a combined 35 years of closing experience.
“We are looking forward to building a successful settlement center for the attorneys, lenders, real estate agents and brokers in the county,” said Costa. “We can either do the closing here at our office, or if an attorney wants the closing done at his or her office, we can handle that. We expect to have a busy summer, now that our three salespeople are diligently out and about to let the real estate community know North American Title Agency is here.”
The new NATA office is temporarily located at 1913 Atlantic Ave., Suite 123, Manasquan, NJ 08736, telephone number (732) 223-1022. Costa and her associates will be moving to Wall Township sometime in June.
“I am confident that Jennifer and the team in Monmouth County will do well; they have the experience and fire to succeed,” said Dominic Fahey, president, Northeast division, NATA. “Monmouth County is a key part of our NJ expansion planned for 2014.”
About North American Title Agency
North American Title Agency is the Northeast division of North American Title (NAT), one the largest real estate settlement service providers in the United States. Consisting of both agent and underwriter operations, with well over 1,000 associates and a vast network of branches from coast to coast, NAT reported annual net revenues in fiscal 2013 of $185 million. The company also has the resources and stability of an S&P 500 company with over $11.0 billion in assets (fiscal quarter ending Nov. 30, 2013). North American Title’s agency network is located in 17 of the fastest-growing states: Arizona, California, Colorado, Delaware, Florida, Illinois, Indiana, Maryland, Minnesota, Nevada, New Jersey, New York, Pennsylvania, Texas, Utah, Virginia and Washington, D.C. Through our relationship with our expanding affiliate network, NAT provides real estate settlement services in all 50 states. NAT is headquartered in Miami, Fla. To learn more, visit http://www.nat.com