***Please note that we pull these Maplewood and South Orange 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 listiing 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  MAPLEWOOD
|
Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
|
71 Broadview Ave |
$134,700 |
$134,700 |
$155,000 |
9 |
3 |
1 |
Colonial |
|
63 Woodside Rd |
$187,500 |
$187,500 |
$182,000 |
98 |
3 |
1.1 |
Colonial |
|
46 Schaefer Road |
$319,900 |
$269,900 |
$263,000 |
172 |
3 |
1 |
CapeCod |
|
54 Burroughs Way |
$449,000 |
$449,000 |
$505,000 |
11 |
3 |
3 |
Tudor |
|
534 Summit Ave |
$519,000 |
$519,000 |
$510,000 |
65 |
3 |
1.1 |
Colonial |
|
605 Ridgewood Rd. |
$599,000 |
$539,000 |
$515,000 |
156 |
3 |
3 |
Colonial |
|
22 Sunset Ter |
$559,000 |
$559,000 |
$543,500 |
14 |
4 |
1.1 |
Colonial |
|
12-14 Courter Ave |
$575,000 |
$575,000 |
$580,500 |
13 |
4 |
2 |
Colonial |
|
192 Wyoming Ave. |
$850,000 |
$769,900 |
$755,000 |
159 |
6 |
4.2 |
Colonial |
|
36 Clinton Ave |
$819,000 |
$819,000 |
$780,000 |
31 |
5 |
3.1 |
Colonial |
|
10 Woodhill Drive |
$869,000 |
$869,000 |
$845,000 |
20 |
5 |
3.1 |
Colonial |
|
624 Ridgewood Road |
$1,175,000 |
$1,099,000 |
$1,025,000 |
218 |
8 |
3.1 |
Victrian |
AVERAGE DAYS ON MARKET:85AVERAGE LISTING PRICE:$438,082
AVERAGE SALE PRICE: $534,455% SALE PRICE / LIST PRICE:98%
Maplewood Home sale Trends February 2009 thru February 2010
|
desc |
Feb.2009 |
Mar. |
April |
May |
June |
July |
|
Average Listing Price |
$462,783 |
$488,496
|
$499,995 |
$493,885 |
$509,397 |
$504,011 |
|
Average Sale Price |
$380,200 |
$462,474 |
$450,636 |
$469,695 |
$544,426 |
$454,784 |
|
%Sale Price to List Price Ratio |
92% |
99% |
96% |
98% |
99% |
98% |
|
Days on Market |
80 |
80 |
116 |
68 |
53 |
52 |
|
# of Active
Listings |
176 |
186 |
204 |
208 |
180 |
177 |
|
# of Closed Listings |
10 |
14 |
14 |
19 |
20 |
34 |
|
desc |
August |
Sept. |
Oct. |
Nov. |
Dec. |
Jan. |
Feb.2010 |
|
Ave List Price |
$462,310 |
$649,197 |
$472,079 |
$487,929 |
$445,077 |
$450,174 |
$438,082 |
|
Ave Sale Price |
$608,911 |
$760,000 |
$428,083 |
$480,612 |
$517,432 |
$578,975 |
$534,455 |
|
%Sale/List Price Ratio |
98% |
92% |
98% |
98% |
99% |
98% |
98% |
|
DOM |
42 |
78 |
64 |
72 |
53 |
48 |
85 |
|
# Active
Listings |
164 |
160 |
186 |
135 |
116 |
135 |
151 |
|
# Closed Listings |
20 |
26 |
14 |
19 |
22 |
9 |
12 |
|
February 2010 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$167,060 |
$194,400 |
$0 |
$0 |
0 |
0% |
|
2 |
$318,890 |
$288,971 |
$303,967 |
$0 |
0 |
0% |
|
3 |
$369,153 |
$385,694 |
$341,762 |
$355,000 |
85 |
101% |
|
4 |
$498,281 |
$482,408 |
$533,483 |
$562,000 |
14 |
99% |
|
5 |
$667,913 |
$681,900 |
$664,450 |
$875,000 |
132 |
96% |
|
TOWN |
$438,082 |
$464,198 |
$411,858 |
$534,455 |
85 |
98% |  SOUTH ORANGE
| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 45 University Ct |
$249,900 |
$249,900 |
$245,000 |
36 |
4 |
3 |
Colonial |
| 61 2Nd St |
$269,900 |
$249,900 |
$245,000 |
151 |
3 |
1 |
Colonial |
| 179 W Fairview Ave |
$380,000 |
$299,900 |
$310,000 |
57 |
2 |
1.1 |
Colonial |
| 124 Milton Pl |
$395,000 |
$395,000 |
$390,000 |
17 |
5 |
2.1 |
Colonial |
| 17-25 Church St Unit 2 |
$448,800 |
$423,800 |
$400,000 |
261 |
3 |
2 |
OneFloor |
| 321 Wyoming Avenue 1D |
$425,000 |
$425,000 |
$400,000 |
132 |
3 |
3.1 |
TwnEndUn |
| 198 Underhill Rd |
$478,900 |
$459,000 |
$410,000 |
159 |
3 |
2 |
RanchExp |
| 303 Vose Ave |
$525,000 |
$525,000 |
$510,000 |
58 |
4 |
3 |
Colonial |
| 13 Tillou Rd West |
$999,000 |
$899,000 |
$845,000 |
123 |
4 |
5.1 |
TwnEndUn |
AVERAGE DAYS ON MARKET 110AVERAGE LISTING PRICE: $552,948
AVERAGE SALE PRICE$417,222% SALE PRICE / LIST PRICE: 96%
South Orange Home Sale Trends February 2009 thru February 2010
|
desc |
Feb.2009 |
Mar |
April |
May |
June |
July |
|
Average Listing Price |
$621,842 |
$603,415 |
$622,030 |
$608,980 |
$618,640 |
$596,099 |
|
Average Sale Price |
$698,750 |
$527,563 |
$452,980 |
$590,946 |
$569,422 |
$570,456 |
|
%Sale /Ratio |
94% |
97% |
96% |
94% |
93% |
95% |
|
DOM |
97 |
83 |
137 |
97 |
70 |
63 |
|
#Active Listings |
141 |
157 |
158 |
159 |
166 |
165 |
|
#Closed Listings |
4 |
9 |
5 |
15 |
19 |
24 |
|
desc |
Aug |
Sept. |
Oct. |
Nov. |
Dec. |
Jan. |
Feb.2010 |
|
Average Listing Price |
$583,016 |
$589,527 |
$583,617 |
$584,909 |
$559,866 |
$567,287 |
$552,948 |
|
Average Sale Price |
$625,611 |
$535,100 |
$433,821 |
$495,731 |
$480,425 |
$468,667 |
$417,222 |
|
%Sale Price to List Price Ratio |
96% |
96% |
96% |
93% |
97% |
92% |
96% |
|
Days On Market |
44 |
64 |
114 |
86 |
50 |
110 |
110 |
|
# of Active Listings |
151 |
157 |
140 |
128 |
128 |
115 |
121 |
|
# of Closed Listings |
10 |
5 |
17 |
14 |
21 |
21 |
9 |
|
Feb. 2010 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$210,433 |
$0 |
$0 |
$0 |
0 |
0% |
|
2 |
$353,733 |
$404,667 |
$335,000 |
$310,000 |
57 |
103% |
|
3 |
$456,113 |
$327,983 |
$471,557 |
$363,750 |
176 |
93% |
|
4 |
$553,015 |
$494,857 |
$578,667 |
$533,333 |
72 |
96% |
|
5 |
$734,556 |
$639,446 |
$682,333 |
$390,000 |
17 |
99% |
|
TOWN |
$552,948 |
$515,817 |
$556,818 |
$417,222 |
110 |
96% | CLICK BELOW TO VIEW
SALE PRICES AND STATS
FOR EACH MONTH since 2005! Maplewood NJ Home Sales & Market
Trends
South Orange NJ Home Sales & Market
Trends
Data compiled from the GSMLS. Deemed reliable, but not guaranteed.
Interested in a complimentary market analysis of your Maplewood or South Orange New Jersey home? Or receiving monthly home sale updates by email? Just fill out the form below.
Insurance >Hazard Insurance
Are you considering taking out hazard insurance on a property before you actually take title? It may be a good idea!
Even though you are not yet the owner of record, as the buyer, you have an insurable interest in a property the moment that you and the seller execute the sales agreement. As a matter of practice, however, buyers do not usually take out insurance until the papers change hands, and it should not be necessary if the agreement of sale is properly executed.
It is very important to both parties that the agreement states that the property will be insured for a specific amount. From the buyer's point of view, an adequate sum must be stipulated, and the agreement should not read "as now insured", which can indicate that the seller may not want to increase the insurance.
As a general rule, the amount of insurance on the buildings on a property should equal the sales price, less the value of the lot.
|
 |
| Q |
What famous American building was originally built in 1792, burned and rebuilt 1814-1818 and restored in 1952?
|
| 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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