1st Time Buyers purchase in Glenwood Section "Your professionalisim & command for the Real Estate market is unmatched!" Rene & Danny Taylor~Glenwood Section,Short Hills Read Quote > View All Quotes >
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Sue feels that if you are in the market to buy or sell real estate in Short Hills, Millburn, Summit, Maplewood, South Orange, Chatham, Madison,Livingston,or surrounding New Jersey towns, it is important to understand the trends in Active Listings, Days on the Market, Under Contract Sales & Closed Sales so that you can make an educated decision.
CLICK BELOW TO VIEW THE SALES AND STATS BY MONTH
LIVINGSTON September 2005 Home Sales
LIVINGSTONHome sale TrendsJune 2007 – June 2008
June 2007
Jul.
Aug.
Sept.
Oct.
Nov.
Average Listing Price
$948,646
$927,963
$893,721
$862,190
$833,291
$853,571
Average Sale
Price
$624,354
$897,094
$696,365
$801,033
$934,667
$705,487
%Sale Price
to List Price Ratio
98%
97%
97%
97%
95%
95%
Days on Market
45
39
49
46
57
75
# of Active
Listings
221
197
173
186
179
162
# of Closed
Listings
44
30
48
15
15
21
Dec.
Jan.
Feb.
Mar.
April
May
June 2008
Average Listing Price
$846,669
$818,656
$834,383
$837,652
$806,460
$799,969
$784,596
Average Sale
Price
$682,175
$576,279
$643,439
$501,833
$590,370
$720,500
$636,213
%Sale
Price to List Price Ratio
95%
96%
96%
97%
96%
99%
99%
Days On Market
97
51
77
43
64
70
46
# of Active
Listings
144
170
181
170
199
200
202
# of Closed Listings
20
15
18
6
21
17
32
June 08
Active Listings
New Listings
Under Contract
Sold Listings
Average
DOM
SP/LP
# Beds
Avg LP
Avg LP
Avg LP
Avg LP
1
$1,194,876
$0
$0
$0
0
0%
2
$554,123
$524,560
$499,300
$386,250
36
101%
3
$531,024
$511,019
$524,040
$478,944
50
97%
4
$730,527
$669,432
$1,025,333
$627,029
38
101%
5
$1,482,973
$1,122,400
$1,313,000
$1,108,750
72
97%
TOWN
$784,596
$689,728
$734,019
$636,213
46
99%
Data compiled from the GSMLS. Information deemed reliable, but not guaranteed
If you're interested in a comparative market analysis for your Livingston home, just fill out the form below and Sue will contact you shortly.
Financing Your Home >More On ARMs
Lenders are always looking for new ways to help buyers get into the home of their dreams. Today they frequently use adjustable rate mortgages (ARMs) to increase the buyer's options. The interest rate on an ARM changes periodically to reflect changes in the national market. Since the loan starts at a rate that is lower than the national average, lenders can reduce the borrower's qualifying criteria.
One way to distinguish between different ARMs is by the national index to which they are tied. Some ARMs are tied to a slow-moving index called the cost-of-funds index; these are usually the most desirable. ARMs that are tied to a more volatile index, such as Treasury Notes, can be adjusted upward at a quicker rate. Look at all the factors before choosing a loan. The faster index loan may start out with lower rates
- NUMBER1EXPERT™ 
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