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Sue feels that if you are in the market to buy or sell New Jersey Real Estate in Basking Ridge, Bernardsville, or any other Somerset County or Morris County towns, it is important to understand the trends in number of Active Listings, Average Days on the Market, and listing prices vs. sale prices so that you have the information to make an educated decision.
CLICK BELOW TO VIEW THE SALES AND STATS BY MONTH
Bernards-Basking Ridge
LIVINGSTON September 2005 Home Sales
Bernards-Basking RidgeHome sale TrendsJune 2007 – June 2008
June 2008
Jul.
Aug.
Sept.
Oct.
Nov.
Average Listing Price
$851,747
$921,441
$986,410
$934,419
$946,130
$959,183
Average Sale
Price
$727,407
$702,169
$678,556
$487,377
$627,239
$638,120
%Sale Price to List Price Ratio
98%
97%
97%
96%
95%
97%
Days on Market
60
61
64
62
59
65
# of Active
Listings
299
285
237
245
241
230
# of Closed Listings
59
57
54
28
25
20
Dec.
Jan.
Feb.
Mar.
April
May
June 2008
Average Listing Price
$998,857
$977,371
$898,835
$886,491
$887,405
$923,042
$925,852
Average Sale
Price
$676,419
$501,053
$537,214
$737,919
$530,697
$514,026
$711,362
%Sale
Price to List Price Ratio
96%
95%
95%
93%
97%
95%
96%
Days On Market
74
77
74
94
57
64
68
# of Active
Listings
199
213
231
264
254
276
283
# of Closed Listings
32
14
8
18
18
26
52
June 08
Active Listings
New Listings
Under Contract
Sold Listings
Average
DOM
SP/LP
# Beds
Avg LP
Avg LP
Avg LP
Avg LP
1
$279,904
$315,967
$0
$236,000
66
95%
2
$366,358
$325,144
$362,125
$324,438
71
97%
3
$684,236
$747,491
$661,405
$573,042
60
96%
4
$903,752
$914,938
$821,962
$859,778
55
96%
5
$1,725,595
$1,499,882
$1,375,333
$1,296,333
120
95%
TOWN
$925,852
$919,973
$760,819
$711,362
68
96%
Interested in a complimentary market analysis of your Basking Ridge NJ home? Just fill out the form below, and Sue will be in touch with you shortly.
Working With An Agent >Sales Professionals
A real estate agent's job is to sell your home for the best price, in the shortest time. Another important part of the agent's responsibility is to make the sales process as easy as possible for you, the seller. Your real estate agent can eliminate much of the hassle involved in selling your home, while providing you and your family with the "peace of mind" you need during this sensitive time. Your agent can help you avoid the inconvenience of having buyers stop by unannounced to see your home or your wasting time with those who are not financially qualified to buy your home.
When you list your home with a sales professional, you get an array of valuable services, including the widest possible exposure through Multiple Listing Service. This is the best vehicle to get the most qualified buyers to see your home.
- NUMBER1EXPERT™ 
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