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Yvette & David Reis, Maplewood NJ Buyer & Seller
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***Please note that we pull these Madison home sale prices and stats from the GSMLS statistics, so "Original Listing Price" and "Days On Market" only include 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 
| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 65 Shadylawn Dr |
$499,000 |
$519,900 |
$510,000 |
62 |
3 |
2 |
CapeCod |
| 24 Ardsleigh Dr |
$575,000 |
$575,000 |
$543,750 |
38 |
4 |
2 |
CapeCod |
| 2 Avery Ct |
$585,000 |
$585,000 |
$554,000 |
27 |
3 |
2.1 |
TwnEndUn |
| 2 Oak Ct |
$615,000 |
$599,000 |
$570,840 |
58 |
3 |
2 |
Colonial |
| 36 Green Avenue |
$795,000 |
$729,000 |
$700,000 |
113 |
5 |
2.1 |
Victrian |
| 49 East Ln |
$1,175,000 |
$1,175,000 |
$1,151,500 |
19 |
5 |
3.1 |
Colonial |
AVERAGE DAYS ON MARKET:36AVERAGE LISTING PRICE: $1,018,188
AVERAGE SALE PRICE:$705,023 % SALE PRICE / LIST PRICE:96%
Madison Home sale Trends February 2009 – February 2010
|
desc |
Feb. 2009 |
Mar. |
April |
May |
June |
July |
August |
|
AveList Price |
$1,022,996 |
$1,051,238 |
$976,762 |
$910,064 |
$852,960 |
$799,634 |
$1,121,604 |
|
Ave Sale Price |
$848,167 |
$559,967 |
$722,500 |
$605,400 |
$888,571 |
$765,618 |
$871,667 |
|
%Sale- List Price Ratio |
90% |
96% |
94% |
98% |
95% |
96% |
92% |
|
Days on Market |
130 |
85 |
63 |
72 |
68 |
55 |
94 |
|
#Active Listings |
91 |
101 |
122 |
119 |
111 |
110 |
67 |
|
#Closed Listings |
3 |
9 |
9 |
5 |
16 |
22 |
14 |
|
desc |
Sept. |
Oct. |
Nov. |
Dec. |
Jan. |
Feb.2010 |
|
Ave List Price |
$827,685 |
$833,496 |
$902,872 |
$979,814 |
$1,013,476 |
$1,018,188 |
|
Ave Sale Price |
$657,825 |
$634,413 |
$613,881 |
$589,306 |
$589,944 |
$705,023 |
|
%Sale List Price Ratio |
97% |
98% |
95% |
95% |
92% |
96% |
|
Days On Market |
48 |
59 |
56 |
88 |
78 |
36 |
|
#Active Listings |
106 |
104 |
84 |
71 |
68 |
72 |
|
#Closed Listings |
14 |
11 |
15 |
16 |
9 |
6 |
|
Feb.2010 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$0 |
$0 |
$0 |
$0 |
0 |
0% |
|
2 |
$403,267 |
$0 |
$0 |
$0 |
0 |
0% |
|
3 |
$548,914 |
$553,467 |
$521,119 |
$562,420 |
43 |
95% |
|
4 |
$787,064 |
$733,856 |
$686,500 |
$543,750 |
38 |
95% |
|
5 |
$1,833,955 |
$1,406,143 |
$1,985,000 |
$1,151,500 |
19 |
98% |
|
TOWN |
$1,018,188 |
$898,568 |
$928,435 |
$705,023 |
36 |
96% |
Data compiled from the GSMLS. Deemed reliable, but not guaranteed.
Closing or Settlement >As Closing Approaches
If you are selling a house that is under contract and scheduled to close in a few weeks, what can you do to make the transfer of ownership as easy as possible for you and your buyers?
Keep in close contact with your real estate agent so that you will know if there are any changes in the closing schedule. On the day the property changes hands, your house should be empty, clean and ready for the buyer. Contact all of the utility companies to let them know that you are moving and give the service company the buyer's name (the buyer must follow up with calls to confirm). Don't turn off the gas or electricity because the buyers need to confirm that the appliances are in working order. Let your insurance company know ahead of time that you are selling the house and arrange for your coverage to be transferred to your new home. The most important thing is to start the process well in advance in order to avoid any last-minute complications.
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| Q |
What famous American building was originally built in 1792, burned and rebuilt 1814-1818 and restored in 1952?
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| A |
The White House in Washington, D.C., modeled after an Irish palace, is a sumptuous example of post-colonial architecture. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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