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Madison Home Sale Statistics: Short Hills, Millburn, Summit and Maplewood New Jersey home buying, real estate listings, and homes for sale in Morris County, NJ
Welcome > Home Sale Statistics > Madison Home Sale Statistics ...


***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.
 

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Real Estate Tips
Financing Your Home >When Interest Rates Rise

Many people fall out of the home buying market when interest rates start to go up. This is often a mistake. Many of the best mortgages deals become available when lenders are competing for new business and sellers are competing within a smaller buyer pool. You just have to know how to keep the costs down in order to counter the higher interest rates.

One of the best tricks is the buy-down. In a buy-down, a fee is paid at the closing to get a lower interest rate. In a soft market, an anxious seller may be lured into to paying all or part of the buy-down. Another approach is to get the seller to pay some of closing costs, thus lowering the amount of cash a buyer needs to close. Frequently the seller's costs can be used as a write-off by the buyer. Always consult with your tax advisor if you are considering such an arrangement.

If the market is softening due to rising or higher rates, the price itself becomes an area where a buyer may be able to save a lot of money on a house through skillful negotiating. Lower prices mean lower loan amounts, so don't be discouraged by higher rates--use them to your advantage.

See All Tips In The "Financing Your Home" Category >
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Real Estate Trivia
Q 
Where would you go to enjoy a soak in the world's largest bathtub?

A 
The Spa Resort Hawaiians in Fukushima, Japan, offers an outdoor soaking tub that occupies a total area of 10,760 square feet and can accommodate 1,500 persons at one time.
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Sue Adler, REALTOR®, real estate agent and broker for Short Hills, Millburn, Summit and Maplewood New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Sue Adler Team
Keller Williams Realty

of Essex, Union, & Morris Counties
488 Springfield Ave
Summit, NJ 07901
Cellular: (973)464-9129 (call 1st)
Office: (973)376-0033 ext 101

Sue's Personal E Fax: 480-247-4891
Dawn-Transaction/Office Manager: (201)600-0257

Sue Adler: VIP@SueAdler.com

Dawn Preziosi: Dawn@SueAdler.com
Deirdre Silberman: Deirdre@SueAdler.com
Facebook: www.Facebook.com/sueadler
Linkedin: www.linkedin.com/in/sueadler


Meet Sue....

Sue not only grew up in the real estate business, but has sold over 1,000 homes.
In the challenging 2009 market, Sue sold more homes than any other full service agent in our midtown direct geographic area. She is the #1 Keller Williams Agent in New Jersey for dollar volume sold for 2005 through 2009, and attributes a large part of this to the success she's had with Relocation Buyers.

Sue placed in Keller Williams International (approx 75,000) for 2007. She is a "Certified Luxury Home Marketing Specialist" & a member of "Who's Who in Luxury Real Estate", which she earned for her performance in the high end market.

Sue's working knowledge & understanding of every aspect of the real estate transaction surpasses most, & her creative knack for internet lead generation and social media keeps her team's listings in the limelight, which means the GREATEST EXPOSURE for your home.

Sue and her team promise to be your best advocates throughout the entire buying and selling process, with the goal of earning YOUR future referrals. Need references? We've got HUNDREDS! Check out the "Client Testimonials" on this site, and call or email Sue for your confidential interview.


eProMLSREALTOREqual Housing


Keller Williams Realty real estate and homes for sale in Short Hills, Millburn, Summit and Maplewood New Jersey


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