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Basking Ridge/Bernards Twp Home Sale Statistics: Short Hills, Millburn, Summit and Maplewood New Jersey home buying, real estate listings, and homes for sale in Somerset County, NJ
Welcome > Home Sale Statistics > Basking Ridge/Bernards Twp Home Sale Statistics ...


***Please note that we pull this information from the GSMLS statistics, and "Original Listing Price" and "Days On Market" is of its current listing, not the full history of a listing. For example,if the listing agent took it off the market to change the price and put it back on as a new listing, the previous listing is not included in gsmls' Original List Price or Days On Market calculations. 

If you'd like to know the complete history of a specific listing, we'll be happy to get you that information. Furthermore, when we pull comps for you prior to any home purchase, we will provide a more in depth analysis for you.  

 

February 2010 Home Sale Prices and Market Stats 

Address

Original List Price

List Price at Sale

Sale Price

DOM

Beds

Baths

Style

94  Potomac Drive

$215,000

$215,000

$203,500

21

1

1

FirstFlr

6  Baldwin Ct

$349,000

$334,900

$320,000

299

3

2.1

TwnIntUn

59  Sycamore Ct

$340,000

$340,000

$330,000

11

2

2.1

TwnIntUn

55  Village Dr

$395,000

$395,000

$380,000

49

2

2.1

TwnEndUn

24  Fairbanks Ln

$500,000

$450,000

$387,500

131

2

2

Ranch

51  E Oak St

$458,800

$458,800

$445,000

46

4

2

CapeCod

49  Spencer Rd

$459,000

$459,000

$442,000

59

3

2

Ranch

18  Mayflower Dr

$518,000

$518,000

$506,000

45

3

2.1

TwnIntUn

93  Alder Ln

$688,000

$635,000

$597,000

157

4

2.1

Colonial

20  Princeton Ct

$699,999

$699,999

$682,000

1

3

2.1

TwnIntUn

115  S Alward Ave

$799,000

$719,000

$650,000

146

5

3.1

Ranch

20  Granville Way

$815,000

$815,000

$807,000

11

4

2.1

Colonial

65  Vanderveer Dr

$999,000

$999,000

$987,000

48

4

4.1

Colonial

322  S Finley Ave

$1,299,900

$1,299,900

$1,200,000

42

5

4.1

Colonial

AVERAGE DAYS ON MARKET: 78AVERAGE LISTING PRICE:$772,775

AVERAGE SALE PRICE:$581,308% SALE PRICE / LIST PRICE:95%

Bernards-Basking Ridge Home sale Trends

desc

Feb.2009

March

April

May

June

July

Average Listing Price

$880,865

$880,626

$877,269

$864,100

$825,917

$806,231

Average Sale Price

$306,990

$640,889

$637,521

$422,008

$638,861

$652,905

%Sale Price to List Price Ratio

96%

93%

96%

97%

96%

95%

Days on Market

115

103

86

74

88

59

# of Active

Listings

250

290

324

319

328

303

# of Closed Listings

12

19

25

29

16

47

desc

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.2010

Average Listing Price

$838,506

$843,439

$819,251

$885,790

$864,850

$844,759

$772,775

Ave. Sale Price

$659,763

$695,462

$470,314

$584,000

$548,971

$883,985

$581,308

%Sale Price to List Price Ratio

95%

94%

95%

94%

97%

123%

95%

Days On Market

74

121

62

62

107

119

78

# of Active

Listings

276

254

243

217

189

199

222

# of Closed Listings

55

33

19

26

26

20

14

Feb. 2010

Active Listings

New Listings

Under Contract

Sold Listings

Average

SP/LP

# Beds

Avg LP

Avg LP

Avg LP

Avg LP

DOM

%

1

$243,136

$231,000

$211,133

$203,500

21

95%

2

$388,771

$400,412

$256,760

$358,750

71

91%

3

$621,057

$673,520

$514,450

$487,500

101

97%

4

$855,405

$821,643

$787,475

$709,000

66

98%

5

$1,474,409

$1,153,618

$1,028,667

$925,000

94

92%

TOWN

$772,775

$658,125

$663,136

$581,308

78

95%

CLICK BELOW TO VIEW
THE SALES AND STATS 
BY MONTH

Bernards-Basking Ridge



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Accepting An Offer >Offers and Counter Offers

Many of the offers real agents submit for prospective buyers aren't exactly what the sellers want. The price may be lower than they are asking or there might be terms included in the offer that will require negotiation. What happens after the offer is submitted?

The seller's real estate agent will present the offer to the sellers, along with the buyer's qualifications. If the sellers accept the offer, then a purchase agreement is written and signed by both parties. If the sellers counter the offer, the next action is initiated by the buyers when they make a response, either accepting the counter offer or countering it with yet another figure. If you want to buy a particular house, your chances of succeeding are greater if your initial offer is as close to the asking price as possible. You could save money by engaging in lengthy negotiations, but you run the risk of losing the home if a more attractive offer comes in from another buyer.

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Q 
What holds the title as the tallest reinforced concrete building in the U.S.?

A 
311 South Wacker Drive in Chicago was completed in 1990 and is 65 stories high.
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Sue Adler, REALTOR®, real estate agent and broker for Short Hills, Millburn, Summit and Maplewood New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Sue Adler Team
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of Essex, Union, & Morris Counties
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Meet Sue....

Sue not only grew up in the real estate business, but has sold over 1,000 homes.
In the challenging 2009 market, Sue sold more homes than any other full service agent in our midtown direct geographic area. She is the #1 Keller Williams Agent in New Jersey for dollar volume sold for 2005 through 2009, and attributes a large part of this to the success she's had with Relocation Buyers.

Sue placed in Keller Williams International (approx 75,000) for 2007. She is a "Certified Luxury Home Marketing Specialist" & a member of "Who's Who in Luxury Real Estate", which she earned for her performance in the high end market.

Sue's working knowledge & understanding of every aspect of the real estate transaction surpasses most, & her creative knack for internet lead generation and social media keeps her team's listings in the limelight, which means the GREATEST EXPOSURE for your home.

Sue and her team promise to be your best advocates throughout the entire buying and selling process, with the goal of earning YOUR future referrals. Need references? We've got HUNDREDS! Check out the "Client Testimonials" on this site, and call or email Sue for your confidential interview.


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