***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
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.
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.
|
 |
| 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. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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