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Lani & Barry Gerson,Formerly Short Hills, NJ
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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.
July 2010 Home Sale Prices and Market Stats 
|
Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
|
34 Ridgedale Ave |
$375,000 |
$299,000 |
$235,000 |
346 |
3 |
1 |
Colonial |
|
33 Chelsea Court |
$424,000 |
$399,900 |
$380,500 |
64 |
2 |
2.1 |
TwnIntUn |
|
5 Rosemont Ave |
$459,900 |
$425,000 |
$420,000 |
114 |
3 |
1.1 |
Colonial |
|
201 Greenwood Ave |
$468,000 |
$450,000 |
$435,000 |
26 |
3 |
1 |
Colonial |
|
4 Troy Ct |
$519,000 |
$499,000 |
$470,000 |
67 |
4 |
2 |
Bi-Level |
|
9 Buckingham Dr |
$539,900 |
$509,900 |
$488,250 |
86 |
3 |
1 |
Ranch |
|
10 Oxford Lane |
$549,000 |
$525,000 |
$495,000 |
63 |
3 |
2 |
SplitLev |
|
40 Kensington Rd |
$575,000 |
$559,000 |
$550,000 |
34 |
4 |
2 |
CapeCod |
|
394 Woodland Rd |
$579,000 |
$579,000 |
$530,000 |
71 |
4 |
2.1 |
SplitLev |
|
16 Longview Ave |
$629,000 |
$599,000 |
$599,500 |
52 |
3 |
2 |
Colonial |
|
6 Grove Street |
$610,000 |
$610,000 |
$560,000 |
11 |
4 |
2.1 |
Victrian |
|
10 Hunter Dr |
$639,000 |
$639,000 |
$639,000 |
26 |
4 |
2.1 |
SplitLev |
|
19 Anthony Dr |
$639,000 |
$639,000 |
$610,000 |
28 |
4 |
2 |
Colonial |
|
26 West End Avenue |
$669,000 |
$669,000 |
$725,000 |
1 |
4 |
3.1 |
Colonial |
|
8 Niles Ave |
$749,900 |
$749,900 |
$751,000 |
74 |
3 |
3 |
Colonial |
|
10 Winding Way |
$1,050,000 |
$999,100 |
$955,000 |
118 |
4 |
3.1 |
Colonial |
|
81 Samson Ave |
$999,900 |
$999,900 |
$1,025,000 |
8 |
4 |
2.1 |
Colonial |
|
6 Wyndehurst Dr |
$1,075,000 |
$1,075,000 |
$1,175,000 |
7 |
4 |
4.1 |
Colonial |
|
41 Prospect St |
$1,198,000 |
$1,159,000 |
$1,105,000 |
39 |
5 |
3.1 |
Colonial |
|
2 Colonial Way |
$1,299,000 |
$1,299,000 |
$1,364,000 |
8 |
5 |
4 |
Colonial |
|
28 Union Hill Road |
$1,689,000 |
$1,549,000 |
$1,450,000 |
63 |
5 |
3.2 |
Colonial |
|
125 Central Ave |
$1,550,000 |
$1,550,000 |
$1,446,000 |
25 |
4 |
2.1 |
Colonial |
|
22 Woodcliff Dr |
$1,699,000 |
$1,699,000 |
$1,625,000 |
18 |
5 |
5.1 |
Colonial |
|
22 Noe Ave |
$2,095,000 |
$2,090,000 |
$2,000,000 |
56 |
7 |
5.1 |
Colonial |
AVERAGE DAYS ON MARKET:60 AVERAGE LISTING PRICE: $906,583
AVERAGE SALE PRICE:$843,228 % SALE PRICE / LIST PRICE:97%
Madison Home sale Trends July 2009 – July 2010
|
desc |
July 2009 |
August |
Sept. |
Oct. |
Nov. |
Dec. |
|
AveList Price |
$799,634 |
$1,121,604 |
$827,685 |
$833,496 |
$902,872 |
$979,814 |
|
Ave Sale Price |
$765,618 |
$871,667 |
$657,825 |
$634,413 |
$613,881 |
$589,306 |
|
%Sale- List Price Ratio |
96% |
92% |
97% |
98% |
95% |
95% |
|
Days on Market |
55 |
94 |
48 |
59 |
56 |
88 |
|
#Active Listings |
110 |
67 |
106 |
104 |
84 |
71 |
|
#Closed Listings |
22 |
14 |
14 |
11 |
15 |
16 |
|
desc |
Jan. |
Feb. |
Mar. |
April |
May |
June |
July 2010 |
|
Ave List Price |
$1,013,476 |
$1,018,188 |
$1,020,689 |
$1,021,103 |
$1,000,248 |
$953,737 |
$906,583 |
|
Ave Sale Price |
$589,944 |
$705,023 |
$683,492 |
$743,500 |
$762,444 |
$840,036 |
$843,228 |
|
%Sale List Price Ratio |
92% |
96% |
96% |
94% |
96% |
97% |
97% |
|
Days On Market |
78 |
36 |
93 |
73 |
41 |
88 |
60 |
|
#Active Listings |
68 |
72 |
99 |
100 |
89 |
89 |
88 |
|
#Closed Listings |
9 |
6 |
15 |
15 |
9 |
21 |
24 |
|
July 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 |
$441,475 |
$444,894 |
$506,267 |
$380,500 |
64 |
95% |
|
3 |
$537,838 |
$531,300 |
$509,380 |
$489,107 |
109 |
96% |
|
4 |
$744,264 |
$609,600 |
$896,167 |
$804,600 |
37 |
98% |
|
5 |
$1,639,312 |
$1,249,000 |
$925,000 |
$1,508,800 |
37 |
97% |
|
TOWN |
$906,583 |
$619,612 |
$691,180 |
$843,228 |
60 |
97% | 
Data compiled from the GSMLS. Deemed reliable, but not guaranteed.
Financing Your Home >The Loan Application
When you have decided on a mortgage lender, you begin the loan process by filling out a loan application. You should be fully prepared to go over your current financial situation and credit history with the loan officer.
Have a record of all of your current bank accounts, including the name and address of bank(s), type of account(s), and approximate balance(s). Be prepared to provide details about outstanding loans, including student loans and major credit accounts. You will also need information about your assets, such as car title, stocks and bonds, and life insurance policies. If you foresee any credit problems, ask the loan officer for advice on how to keep them from interfering with approval of your mortgage loan. The loan officer can usually give you a prompt opinion about your chances for obtaining a mortgage.
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| Q |
What is the highest skyscraper hotel in the world?
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| A |
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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