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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.  

 


July 2010 Home Sale Prices and Market Stats
 

Address Original List Price List Price at Sale Sale Price DOM Beds Baths Style
236  Potomac Dr $209,900 $199,000 $196,500 108 1 1 OneFloor
331  Penns Way $259,000 $259,000 $255,000 24 2 2 OneFloor
239  English Pl $269,900 $259,900 $259,900 85 2 2 OneFloor
197  Alexandria Way $282,000 $267,000 $257,000 78 2 2 FirstFlr
108  Village Dr $364,900 $324,900 $314,000 87 3 2.1 TwnIntUn
80  Village Dr $352,000 $352,000 $340,000 40 2 2.1 TwnEndUn
76  Liberty Corner Rd $395,000 $395,000 $320,000 13 2 2 Ranch
112  Galloping Hill Road $512,000 $430,000 $430,000 351 4 2.1 Bi-Level
120  Constitution Way $469,000 $469,000 $445,000 45 3 2.1 TwnIntUn
51  Arbor Cir $489,000 $475,000 $460,000 41 3 2.1 Duplex
41  Harrison Brook Dr $525,000 $499,000 $475,000 79 4 2 Bi-Level
5  Clark Ct $518,000 $505,000 $480,000 105 3 2.1 TwnEndUn
71  Dorchester Dr $524,900 $514,900 $507,000 77 4 2.1 TwnIntUn
16  Goltra Dr $574,900 $549,900 $537,000 149 4 2.1 SplitLev
88  Lyons Road $679,000 $599,000 $575,275 129 4 2 CapeCod
118  Fairview Dr S $629,000 $629,000 $629,000 9 4 2.1 SplitLev
301  Mountain Rd $748,000 $698,000 $651,500 118 4 2 Custom
15  Alder Ln $729,000 $729,000 $715,000 17 4 3.1 Colonial
171  Smoke Rise Rd $739,000 $739,000 $741,000 26 4 3.1 Colonial
56  Dickinson Rd $800,000 $769,900 $760,000 81 3 3.1 Duplex
1  Springfield Ln $774,900 $774,900 $755,000 69 3 3.1 TwnEndUn
47  Fairview Drive South $784,500 $784,500 $784,500 24 4 2.1 Colonial
18  Whitetail Ln $839,000 $839,000 $795,000 25 4 3.1 Colonial
7  Barton Way $840,000 $840,000 $826,000 125 4 2.2 TwnEndUn
3  Barton Way $849,900 $849,900 $800,000 13 4 3.1 TwnEndUn
5  Johnston Cir  $874,900 $859,000 $820,000 64 4 3.1 Colonial
44  Kinnan Way $899,000 $899,000 $890,000 42 4 2.1 Colonial
14  Grove Rd $919,000 $919,000 $929,000 41 4 3.2 Custom
52  Sentinel Dr $995,000 $995,000 $1,024,999 8 4 2.1 Colonial
8  Culberson Rd  $1,150,000 $999,999 $958,000 162 4 4.1 Custom
85  Governor Dr $1,065,000 $1,065,000 $1,060,000 6 5 2.2 Colonial
52  Deer Creek Drive $1,100,000 $1,100,000 $1,020,000 68 5 3.1 Colonial
26  Deer Creek $1,499,000 $1,199,000 $1,045,000 374 4 4.1 Colonial
8  Rachel Ct $1,239,000 $1,239,000 $1,251,188 14 4 3.1 Colonial
3  Deer Ridge Rd $1,499,000 $1,499,000 $1,390,000 64 6 4.1 Colonial
70  Morgan Lane $1,789,000 $1,739,000 $1,575,000 395 3 4.2 HalfDupl
66  Emerald Valley Ln $2,275,000 $2,275,000 $2,175,000 63 5 5.2 Colonial

AVERAGE DAYS ON MARKET: 91     AVERAGE LISTING PRICE:$785,344

AVERAGE SALE PRICE:$745,053    % SALE PRICE / LIST PRICE:96%

Bernards-Basking Ridge Home sale Trends

desc

July 2009

Aug.

Sept.

Oct.

Nov.

Dec.

Average Listing Price

$806,231

$838,506

$843,439

$819,251

$885,790

$864,850

Average Sale Price

$652,905

$659,763

$695,462

$470,314

$584,000

$548,971

%Sale Price to List Price Ratio

95%

95%

94%

95%

94%

97%

Days on Market

59

74

121

62

62

107

# of Active Listings

303

276

254

243

217

189

# of Closed Listings

47

55

33

19

26

26

desc

Jan.

Feb.

Mar.

April

May

June

July 2010

Average Listing Price

$844,759

$772,775

$764,527

$759,930

$780,882

$786,596

$785,344

Ave. Sale Price

$883,985

$581,308

$601,393

$602,594

$633,161

$584,792

$745,053

%Sale Price to List Price Ratio

123%

95%

96%

95%

96%

98%

96%

Days On Market

119

78

47

62

69

47

91

# of Active Listings

199

222

275

321

294

291

189

# of Closed Listings

20

14

23

34

41

67

39

July 2010

Active Listings

New Listings

Under Contract

Sold Listings

Average

SP/LP

# Beds

Avg LP

Avg LP

Avg LP

Avg LP

DOM

%

1

$256,158

$228,000

$222,333

$196,500

108

99%

2

$348,639

$298,521

$300,870

$286,380

48

93%

3

$524,773

$543,636

$482,956

$684,143

118

95%

4

$920,293

$877,227

$889,900

$778,581

101

97%

5

$1,607,955

$1,526,182

$988,800

$1,411,250

50

95%

TOWN

$785,344

$736,844

$615,848

$745,053

91

96%

CLICK BELOW TO VIEW
THE SALES AND STATS 
BY MONTH

Bernards-Basking Ridge



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Real Estate Tips
Accepting An Offer >Know Your Price Range

As a homebuyer, you may have found the perfect new house for your growing family, but what if it is a little out of your price range? You might list your current home for more than it is worth and be lucky enough to find a qualified buyer who is willing to pay the price, but it is impossible to know in advance what your home will sell for.

If you want to sell your home quickly, have a frank and detailed conversation with your real estate agent to determine the best price for the house. Setting your price within 5% of the fair market value of your home greatly increases your chances of getting solid offers that will result in a relatively quick sale.

Don't buy and sell so close to your target amount that you become anxious when the numbers don't meet your expectations. There may be other approaches, such as adjustable rate mortgages or owner financing, to increase your buying power and get you into that new home. When you are selling one home and buying another, you will need more than good luck. You will need a highly professional and experienced real estate agent who can give you solid advice on how to make the transaction work for your particular requirements.

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Real Estate Trivia
Q 
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A 
The former estate of John Lennon in Palm Beach has two pools plus guest quarters.
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Sue Adler, REALTORŪ, 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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Summit, NJ 07901
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Meet Sue....

Sue not only grew up in the real estate business, but has sold over 1,000 homes & is still loving it!

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 2005, 2006, 2007, 2008, and 2009 , and attributes a large part of this to the success she's had with Relocation Clients.

According to the GSMLS, in 2009, The Sue Adler Team sold more homes than any other full service agents in the Midtown Direct Geographic Area ( Millburn, Short Hills, Maplewood, South Orange, Summit, Chatham, Madison, Livingston)

Sue's working knowledge and understanding of every aspect of the real estate transaction surpasses most, and her creative knack for internet marketing 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" page on this site, and call or email Sue for your confidential interview.


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