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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.  

 

May 2009 Home Sale Prices and Market Stats 

Address

Original List Price

List Price at Sale

Sale Price

DOM

Beds

Baths

Style

81  Potomac Dr

$209,000

$199,900

$195,000

74

1

1

OneFloor

23  Commonwealth

$234,000

$234,000

$227,000

12

2

1

FirstFlr

79  Baldwin Ct

$237,000

$237,000

$233,000

28

2

2

FirstFlr

71  Smothfield Ct

$237,000

$237,000

$233,000

5

1

1

FirstFlr

115  Jamestown Rd

$245,500

$245,500

$235,000

29

2

1

FirstFlr

185  Potomac Drive

$254,900

$254,900

$247,500

54

2

1

OneFloor

9  Alexandria Way

$265,500

$258,000

$243,700

29

2

2

FirstFlr

3005  Hemlock Pl

$299,900

$269,000

$265,000

169

2

1.1

TwnEndUn

67  Baldwin Ct

$276,000

$270,000

$262,000

91

2

2

OneFloor

142  Smithfield Court

$283,900

$283,900

$275,000

7

2

2

TwnIntUn

62  Woodward Lane

$314,000

$299,900

$270,000

249

2

2.1

TwnIntUn

192  Irving Pl

$299,900

$299,900

$285,000

23

2

2.1

TwnIntUn

20  Commonwealth Dr

$329,000

$313,000

$309,000

148

2

2

OneFloor

171  Locust Ln

$369,000

$369,000

$367,000

0

2

2.1

TwnEndUn

38  Valley View Dr

$369,900

$369,900

$340,000

71

3

3

TwnEndUn

100  Madisonville Rd

$450,000

$450,000

$425,000

23

3

2.2

CapeCod

4  Vail Ter

$475,000

$475,000

$481,000

28

4

2.1

Colonial

46  Cross Road

$552,000

$499,000

$487,000

154

4

2.1

SplitLev

17  Wayne Ter

$499,000

$499,000

$450,000

20

3

2.1

Bi-Level

14  Riggs Ct

$529,000

$529,000

$430,000

81

3

2.1

TwnIntUn

11  Lurline Dr

$579,000

$539,000

$500,000

90

4

2.1

SplitLev

5  Georgian Court

$549,000

$549,000

$520,000

31

3

2.1

TwnIntUn

252  Patriot Hill Dr.

$619,900

$574,500

$563,200

121

3

2.1

TwnIntUn

26  Dexter Dr North

$659,000

$625,000

$595,000

57

2

3

OneFloor

38  Oak Ridge Road

$635,000

$635,000

$610,000

18

3

1.1

Colonial

105  Landau Road

$899,999

$799,999

$792,500

345

4

4.1

Colonial

32  Normandy Ct

$974,500

$974,500

$974,500

32

5

4.1

Custom

31  Clairvaux Court

$1,569,000

$1,285,000

$1,150,000

361

5

4.1

Colonial

10  Canterbury Way

$1,425,000

$1,299,000

$1,250,000

56

4

3.1

Colonial


 

AVERAGE DAYS ON MARKET:74    AVERAGE LISTING PRICE:$851,641

AVERAGE SALE PRICE:$422,008    % SALE PRICE / LIST PRICE:97%

Bernards-Basking Ridge Home sale Trends May 2008 thru May 2009

desc

May 2008

June

July

Aug.

Sept.

Oct.

Average Listing Price

$923,042

$925,852

$904,319

$916,697

$887,475

$864,100

Average Sale Price

$514,026

$711,362

$738,308

$728,905

$697,796

$698,705

%Sale Price to List Price Ratio

95%

96%

96%

97%

96%

96%

Days on Market

64

68

69

74

76

84

# of Active

Listings

276

283

269

244

255

270

# of Closed Listings

26

52

40

40

30

23

desc

Nov.

Dec.

Jan

Feb.

March

April

May 2009

Average Listing Price

$880,089

$884,553

$846,699

$880,865

$880,626

$877,269

$864,100

Ave. Sale Price

$580,406

$627,750

$671,850

$306,990

$640,889

$637,521

$422,008

%Sale Price to List Price Ratio

96%

96%

94%

96%

93%

96%

97%

Days On Market

72

93

72

115

103

86

74

# of Active Listings

254

224

219

250

290

324

319

# of Closed Listings

16

13

13

12

19

25

29

May 09

Active Listings

New Listings

Under Contract

Sold Listings

Average

SP/LP

# Beds

Avg LP

Avg LP

Avg LP

Avg LP

DOM

%

1

$250,854

$262,450

$226,800

$214,000

40

98%

2

$333,454

$313,304

$262,500

$268,267

70

97%

3

$606,176

$545,669

$506,150

$505,833

41

100%

4

$984,215

$941,468

$824,677

$679,500

82

97%

5

$1,594,720

$1,177,283

$1,133,533

$1,150,000

361

89%

TOWN

$851,641

$631,368

$708,511

$422,008

74

97%

CLICK BELOW TO VIEW
THE SALES AND STATS 
BY MONTH

Bernards-Basking Ridge

April Market Stats March Market Stats February Market Stats January Market Stats

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Real Estate Tips
Disclosure Laws >Disclaimer Clauses

Before the professional inspects the home that you are buying, you will be asked to sign an acknowledgment of the scope of the inspection. This document will probably include a disclaimer clause designed to relieve the company of responsibility if they should miss a defect. What happens if a defect is missed during an inspection?

The disclaimer clause may get the inspection company off the hook for a defect if there is no visual indication of a problem. If the inspector clearly indicated that he was not checking for that problem--many inspectors do not check for dry rot or inspect roofs--then the recourse will be limited. If negligence is involved, or if the defect should have been obvious to a professional inspector, the disclaimer is not likely to protect the inspector. If you find an undiscovered defect, discuss the matter with the inspector. Depending on the situation, the responsibility for remedying the problem may rest with you, the sellers, and/or the inspector.

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Real Estate Trivia
Q 
What city boasts eight of the world's ten biggest hotels?

A 
Las Vegas has eight of the largest resort hotels; the latest and most extravagant is the $2.7 billion, 2,716-room Wynn Las Vegas.
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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
Keller Williams Realty

of Essex, Union, & Morris Counties
488 Springfield Ave
Summit, NJ 07901
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Meet Sue....

Sue not only grew up in the real estate business, but has sold over 900 homes & is still loving it!
She is the #1 Keller Williams Agent in New Jersey for dollar volume sold for 2005,2006,and 2007,and attributes a large part of this to the success she's had with Relocation Buyers.
Sue placed 5th out of all individual realtors in Keller Williams International (approx 75,000) for 2007 and was presented the "Top Performing Individual" award at the ceremony in Atlanta.
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 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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Keller Williams Realty real estate and homes for sale in Short Hills, Millburn, Summit and Maplewood New Jersey


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