Real Estate Trends in South Orange NJ - 2009 Year in Review

Homes sold in 2009: 151 (vs. 175 in 2008)

Avg list price: $574,858 (2.5% lower than in 2008, $589,653)

Avg sale price in 2009: $530,707 (2008 sales price $571,405)

DOM: 76 in 2009 (vs. 67 in 2008)

LP:SP percentage: 95% (97% in 2008)

Homes Currently for Sale in South Orange, New Jersey

Real Estate Trends in Montclair NJ - 2009 Year in Review

2009 Real Estate statistics for Montclair NJ:

Avg list price of $697,924 was 1.3% higher in 2009, than in 2008 ($689,007)

There were 309 homes sold during 2009 (vs. 348 in 2008)

Avg sold price in 2009: $589,271 (vs. $740,717)

DOM: 79 (vs. 65 in 2008)

LP:SP percentage: 98% (vs. 100% in 2008)

Current Homes for Sale in Montclair, New Jersey

Real Estate Trends in Glen Ridge NJ - 2009 Year in Review

According to GSMLS records, here are some notable statistics about Real Estate sales in Glen Ridge NJ during 2009:

Avg list price: $590,197 (vs. $604,493 in 2008)

Avg sale price: $551,309 (vs. $591,714 in 2008)

Avg DOM: 63 (2008: 65)

LP:SP - 99%  (vs. 101% in 2008)

Number of homes sold: 84 (vs. 115 in 2008)

Homes for Sale in Glen Ridge, New Jersey

Real Estate Trends West Orange NJ - 2009 Year in Review

In West Orange NJ during 2009, the average list price was $497,852
and the average sale price was $382,728 (down 8% from 2008).

There were 399 home sales in West Orange,
which averaged 90 days on market (DOM)
and had a final sales to list price ratio at 95% (down 2% from 2008).

Homes Currently for Sale in West Orange, New Jersey

OPEN HOUSE SUNDAY MARCH 7TH
FROM 1-4PM

49 GLENDALE AVENUE
LIVINGSTON, NEW JERSEY

Just a short stroll to Livingston Town Center & transportation to NYC, this classic three bedroom, two bath Bi-level is perfect for commuters.

An inviting sun-filled living room that flows into an open and spacious layout: dining room, updated kitchen & large sun room with 3 walls of windows overlooking the spacious professionally landscaped backyard. 2 bedrooms & full bath complete the top floor. A 3rd bedroom, full bath & family room can be found below.

Easily accessible to houses of worship, schools & shopping.

Summit NJ - Real Estate Trends - 2009 Year in Review

It was quite a year in real estate for Summit, NJ.

Not surprisingly, the higher end homes took longer to sell
while the most movement in home sales was
found at the lower (well for Summit anyway) priced homes.

Based on the records from the Garden State MLS,
the average selling price in 2009 was $930,999
(just 4% off 2008 prices.)

Buyers should be happy tho’,
as sales prices were at 98% of final listing price…
sellers and their agents are now much more in tuned
with right pricing here in Summit.

Homes Currently for Sale in Summit, NJ

First time home buyers have until April 30th
to be Under Contract and then must close by June 30th.

Are you ready?

Want to learn more about the towns along

the Midtown Direct Train line into NYC?

Contact Perri K. Feldman

973.650.4727

2009 Year in Review - Real Estate Trends for Livingston NJ

I am always asked: “What is so special about Livingston, NJ?”

Plenty, first my husband grew up there and graduated from Livingston High School.
His family still lives there as do many of my cousins.

So, OK I may be partial!

There are homes for sale at every price point…
whether you want:
single family homes,  town homes, upscale senior communities
or in-town living.

Livingston is ranked in the Top 20 NJ High Schools.

Commuting to New York is EASY on the Express Bus from
The Livingston Mall (40 minutes)
or a short hop to Harrison and the PATH.

Some of my favorite restaurants are there
(Stretch’s, Livingston Bagel and Samurai Sushi)

If you are into Sports Memorabilia go to
Bob Beck’s Collectibles and tell him I sent you

So how were 2009 home sales in Livingston, NJ?
Not bad, average sale priced dropped just a bit (6%)
from $637,002 in 2008 to $596,049 in 2009.

Surprisingly, 9 more homes sold last year (287)
It took longer to do so (72 vs 66 days).

As I watch the current flurry of early 2010 activity…
Now is the time to buy!

Current homes on the market in Livingston, NJ 07039

Livingston, NJ at a Glance

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Millburn Real Estate Trends - 2009 Year in Review

With the 2009 real estate slump, less homes were sold in Millburn/Short Hills
than the previous year (223 vs. 260).

However,  Millburn/Short Hills benefits from having the # 1 High School in New Jersey

In addition, the town boasts strong cultural events with the
Papermill Playhouse and Metropolitan Orchestra
and of course premium shopping downtown and at The Short Hills Mall.

That said, the average home sale price fell from $1,216,231 in 2008
to $1,160,406 in 2009.

Of course days on market increased as a result of the economy
to 73 up from 52 days in 2008.

The good news ahead for 2010…the phones are ringing
and the sellers that hesitated last year,
are providing exceptional buying opportunities
in the upcoming months…stay tuned.

Homes for Sale in Short Hills 07078

Homes for Sale in Millburn 07041

Shhhh….don’t tell anyone, but some wonderful homes
are about to come on the market.

Millburn/Short Hills at a Glance

Want to hear more? Call Perri K. Feldman @ 973.650.4727

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