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    488 Springfield Avenue
    Summit, NJ 07901

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    Archive for January, 2008

    Maplewood, NJ 2007 Home Sales

    January 6th, 2008 Categories: Maplewood Living, Recent New Jersey Home Sales

    Welcome to Maplewood Village294 Homes SOLD in Maplewood, NJ in 2007…

    Maplewood Real Estate saw a decrease in Average Sold Price of 13%, a decrease of 2% in Volume of Homes Sold and a decrease of 4 days for Average Days on Market over 2006 (probably due to sellers being more realistic with pricing towards the end of 2007):

    Maplewood
    Average Sold Price:  $537,548
    Average Days on Market (DOM):  51
    Lowest Priced Home Sold:  $133,000
    Highest Priced Home Sold:  $1,800,000
    Average List Price:  $541,952
    Sold/List Price Ratio:  .99

    Maplewood 2007 Home Sales

    Posted by NJ Real Estate Wire | Currently No Comments »

    Short Hills and Millburn NJ Home Sales 2007

    January 6th, 2008 Categories: Millburn & Short Hills Living, Recent New Jersey Home Sales

    Millburn Clock304 Homes SOLD in Millburn Township in 2007…

    221 in Short Hills and 83 in Millburn.

    Despite the state of the national real estate market, Millburn Township real estate grew in the past year with Average Sold Price up 2% and Volume of Homes Sold up 13% over 2006:

    Short Hills
    Average Sold Price:  $1,559,166
    Average Days on Market (DOM):  65
    Lowest Priced Home Sold:  $547,000
    Highest Priced Home Sold:  $5,600,000
    Average List Price:  $1,615,011
    Sold/List Price Ratio:  .96

    Millburn
    Average Sold Price:  $602,348
    Average Days on Market (DOM):  52
    Lowest Priced Home Sold:  $217,500
    Highest Priced Home Sold:  $1,400,000
    Average List Price:  $608,440
    Sold/List Price Ratio:  .99

     Millburn and Short Hills Home Sales 2007

    The data above is from GSMLS which is deemed reliable but not guaranteed.

    Posted by NJ Real Estate Wire | Currently No Comments »

    December 2007 New Jersey Home Sales

    January 2nd, 2008 Categories: NJ First Time Home Buyers, Recent New Jersey Home Sales

    Homes continued to sell in New Jersey during December 2007.SOLD

    Prices were down about 11% from the previous month.

    Average Days on Market (DOM) were only two months in December versus three months in November.

    Why? 

    Sellers realized that well priced homes will sell and Buyers took advantage of year end “specials.”

    Below are the December (12/1/2007–12/31/2007) closed sales of single family homes provided by the Garden State MLS.November 2007 Home Sales   

    December 2007 HOME SALES              

    December 2007 Closed Sales

    Posted by NJ Real Estate Wire | Currently 2 Comments »

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