 Relocating from Texas to Summit NJ
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Monte and Jennifer Beck ~ Summit, NJ
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***Please note that we pull Chatham NJ home sale prices and stats directly from the GSMLS , 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,or a listing had previously expired and was relisted, 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 
| CHATHAM BORO |
|
|
|
|
|
|
|
| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 16 Ellers Drive |
$379,000 |
$379,000 |
$350,000 |
165 |
3 |
1 |
Ranch |
| 49 Woodland Rd |
$465,000 |
$465,000 |
$434,000 |
77 |
3 |
1.1 |
SplitLev |
| 178 Weston Ave |
$1,199,000 |
$1,199,000 |
$1,200,000 |
126 |
4 |
2.1 |
Colonial |
| CHATHAM TOWNSHIP |
|
|
|
|
|
|
|
| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 261 Riveredge Dr |
$249,900 |
$249,900 |
$250,000 |
97 |
1 |
1 |
TwnEndUn |
| 25B Canterbury Road |
$345,000 |
$345,000 |
$327,500 |
236 |
2 |
1.1 |
FirstFlr |
| 88 Canterbury |
$399,900 |
$399,900 |
$360,000 |
227 |
2 |
2.1 |
TwnEndUn |
| 20 Chestnut Rd |
$549,000 |
$549,000 |
$512,000 |
17 |
4 |
3 |
Ranch |
| 2 Conger Ter |
$705,000 |
$705,000 |
$705,000 |
108 |
4 |
2.1 |
Colonial |
| 53 Meadowbrook Rd |
$849,000 |
$849,000 |
$770,000 |
66 |
4 |
2 |
Colonial |
AVERAGE DAYS ON MARKET:131 AVERAGE LISTING PRICE:$957,850
AVERAGE SALE PRICE: $517,312 % SALE PRICE / LIST PRICE:96%
Chatham Home sale Trends February 2009 thru February 2010
|
desc |
Feb.2009 |
Mar. |
April |
May |
June |
July |
Aug. |
|
Average Listing Price |
$1,142,163 |
$1,074,066 |
$1,078,399 |
$1,088,781 |
$1,056,826 |
$1,034,006 |
$1,024,664 |
|
Average Sale Price |
$953,583 |
$697,000 |
$1,000,267 |
$565,341 |
$795,721 |
$888,250 |
$870,714 |
|
%Sale Price to List Price Ratio |
95% |
95% |
93% |
97%
|
97% |
95% |
96% |
|
Days on Market |
91 |
83 |
41 |
45 |
71 |
95 |
70 |
|
# of Active
Listings |
167 |
189 |
203 |
176 |
181 |
180 |
154 |
|
# of Closed Listings |
6 |
5 |
9 |
13 |
22 |
5 |
23 |
|
desc |
Sept. |
Oct. |
Nov. |
Dec |
Jan |
Feb. 2010 |
|
Average Listing Price |
$1,007,942 |
$984,768 |
$980,500 |
$1,020,323 |
$1,000,768 |
$957,850 |
|
Average Sale Price |
$853,556 |
$704,751 |
$657,028 |
$842,243 |
$633,062 |
$517,312 |
|
% Sale Price to List Price Ratio |
95% |
96% |
95%
|
97% |
88% |
96% |
|
Days On Market |
134 |
108 |
48 |
61 |
68 |
131 |
|
# of Active Listings |
167 |
164 |
138 |
117 |
113 |
130 |
|
# of Closed Listings |
9 |
19 |
20 |
34 |
5 |
9 |
|
CHATHAMBORO |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average
|
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$249,500 |
$249,500 |
$0 |
$0 |
0 |
0% |
|
2 |
$415,967 |
$0 |
$0 |
$0 |
0 |
0% |
|
3 |
$635,483 |
$644,323 |
$640,350 |
$392,000 |
121 |
93% |
|
4 |
$777,487 |
$784,414 |
$870,400 |
$1,200,000 |
126 |
100% |
|
5 |
$1,752,000 |
$1,262,000 |
$1,375,000 |
$0 |
0 |
0% |
|
TOWN |
$783,339 |
$723,504 |
$828,840 |
$661,333 |
123 |
97% |
|
CHATHAM TWP |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average
DOM |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
|
|
|
1 |
$306,364 |
$302,250 |
$249,000 |
$250,000 |
97 |
100% |
|
2 |
$398,700 |
$0 |
$379,900 |
$343,750 |
232 |
92% |
|
3 |
$653,933 |
$515,850 |
$474,950 |
$0 |
0 |
0% |
|
4 |
$852,861 |
$874,738 |
$1,082,667 |
$608,500 |
63 |
97% |
|
5 |
$2,096,470 |
$1,944,333 |
$2,395,000 |
$0 |
0 |
0% |
|
TOWN |
$1,070,509 |
$847,542 |
$902,725 |
$430,900 |
137 |
96% |
|
ALL TOWNS |
$957,850 |
$779,616 |
$861,678 |
$517,312 |
131 |
96% |  CLICK BELOW TO VIEW
THE SALES AND STATS
BY MONTH
Data compiled from the GSMLS. Information deemed reliable, but not guaranteed.
If you're interested in a comparative market analysis for your Chatham home, just fill out the form below and Sue will contact you shortly.
Real Estate Contracts >Personal Property
When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate?
There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property.
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| Q |
What are the world's most valuable chairs?
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| A |
A pair of Chippendale chairs designed by Robert Adam sold in 1997 at Christie's, London to an anonymous buyer for $2,762,330. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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