Archive for the 'Recent New Jersey Home Sales' Category
Florham Park Real Estate & 2007 Home Sales
February 6th, 2008 Categories: Florham Park Living, Recent New Jersey Home Sales
87 homes were sold in Florham Park, NJ in 2007…up 5% over 2006. Days on Market (DOM) were up a bit as well, but the average price of homes sold was down 10% from the previous year.
Florham Park town is experiencing a slight downward trend in home prices similar to the rest of the country; however, with the arrival of the New York Jets new training camp, anticipation is high for an increase in home values. Read the rest of this entry »
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Chatham NJ Real Estate and 2007 Home Sales
February 4th, 2008 Categories: Buying a Home in NJ, Chatham Living, Recent New Jersey Home Sales
Most people don’t realize that Chatham, New Jersey is made up of Chatham Township and Chatham Borough.
Chatham Borough is closer to downtown Chatham shopping and the Midtown Direct Train to NYC. Chatham Township is further from downtown with larger homes and corresponding prices.
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Summit New Jersey 2007 Home Sales
January 29th, 2008 Categories: Buying a Home in NJ, Recent New Jersey Home Sales, Summit Living
There was nothing average about Summit New Jersey Real Estate in 2007 based on the figures from the Garden State MLS:
In 2007, more homes were sold, at higher prices than the year before…but, it took a little longer:
Average Sale Price was up 11%
Number of Homes Listed was up 4%
Highest Price Home Sold was up by $2,000,000
What does this mean for buyers thinking of moving to Summit, New Jersey…now is the time to buy, with new lower interest rates on the horizon, 116 homes currently on the market, express trains to New York City on the Midtown Direct Line, a vibrant downtown, an excellent school system and homes retaining their value…you can’t lose.
To learn more about Summit, New Jersey and to search for Summit real estate visit Midtown Direct Homes
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Madison, NJ 2007 Home Sales
January 29th, 2008 Categories: Buying a Home in NJ, Madison Living, Recent New Jersey Home Sales
Sales of Homes in Madison, New Jersey remained strong in 2007 as you can see.
Madison has seen quite a bit of new construction in the Hill and Dellwood Sections ($2.0 mill +), bringing up the average price of homes in town.
The strength of Madison schools, the exciting downtown and its place on the Midtown Direct Train line all help to keep Madison as one of the premier towns to live in New Jersey.
There are currently 59 homes on the market in Madison, New Jersey…over twenty are available from $400,000-$600,000.
You can find lovely three and four bedroom homes within walking distance to schools, shopping and New York City transportation.
Visit Midtown Direct Homes to search for all of the homes currently for sale in Madison, New Jersey.
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Livingston, NJ Real Estate and 2007 Home Sales
January 7th, 2008 Categories: Livingston Living, Recent New Jersey Home Sales
Livingston, NJ Real Estate saw an 11% GAIN in housing prices in 2007 over 2006
While the decrease in the number of homes sold in Livingston, NJ last year was also eleven percent, housing prices were up and Days on Market were down nearly 15%.
Buyers saw the value in Livingston, NJ and were willing to pay for it…thus keeping housing prices strong.
Livingston
Average Sold Price: $720,872
Average Days on Market (DOM): 64
Lowest Priced Home Sold: $300,000
Highest Priced Home Sold: $2,650,000
Average List Price: $748,412
Sold/List Price Ratio: 96%
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Maplewood, NJ 2007 Home Sales
January 6th, 2008 Categories: Maplewood Living, Recent New Jersey Home Sales
294 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
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Short Hills and Millburn NJ Home Sales 2007
January 6th, 2008 Categories: Millburn & Short Hills Living, Recent New Jersey Home Sales
304 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
The data above is from GSMLS which is deemed reliable but not guaranteed.
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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.
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.
December 2007 HOME SALES
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