Short Hills real estate NJ, Millburn real estate, Summit real estate and Maplewood real estate, home listings and homes for sale in New Jersey, Essex, Union and Morris Counties, home sale statistics - Sue Adler, REALTOR® Sue Adler REALTOR(r) for Short Hills, Millburn, Summit and Maplewood, New Jersey real estate, Essex, Union And Morris County, home sale statistics - NUMBER1EXPERT™ Sue Adler NUMBER1EXPERT(tm) for Short Hills, Millburn, Summit and Maplewood, New Jersey real estate, Essex, Union And Morris County, home sale statistics
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Millburn/Short Hills Home Sale Statistics: Short Hills, Millburn, Summit and Maplewood New Jersey home buying, real estate listings, and homes for sale in Essex County, NJ
Welcome > Home Sale Statistics > Millburn/Short Hills Home Sale Statistics ...


Sue feels that if you are in the market to buy or sell real estate in Short Hills or Millburn, it is important to understand the trends in number of Active Listings, Average Days on the Market, and listing prices vs. sale prices so that you have the information to make an informed decision. We compile the home sales monthly so sign up if you'd like to receive the sales in your neighborhood via email.  


 

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  THE SALES AND STATS 
BY MONTH

Millburn-Short Hills Homesale Trends March 2007 – March 2008

Millburn-Short Hills   Home sale Trends   June 2007 – June 2008

 

 

June 2007

Jul. 

Aug.

Sept.

Oct.

Nov.

Average Listing Price

$1,792,178

$1,661,010

 

$1,729,304

$1,622,101

$1,646,459

$1,638,385

Average Sale Price

$1,238,446

$1,674,731

$1,392,205

$1,242,250

$950,712

$1,132,429

%Sale Price to List Price Ratio

98%

96%

97%

100%

96%

93%

Days on Market

66

63

46

56

55

78

# of Active

Listings

167

143

131

150

153

130

# of Closed

Listings

47

36

42

20

13

14

 

 

Dec.

Jan.

Feb.

March

April

May

June 2008

Average Listing Price

$1,783,695

$1,766,304

 

$1,760,174

$1,170,056

$1,612,035

$1,624,368

$1,676,628

Average Sale Price

$1,059,956

$1,230,206

$1,536,550

$1,191,250

 

$1,313,188

$1,361,130

$1,029,568

%Sale Price to List Price Ratio

97%

97%

97%

97%

94%

94%

99%

Days On

Market

66

41

72

67

37

45

40

# of Active

Listings

107

116

131

153

164

167

159

# of Closed Listings

17

20

10

18

17

23

29

 

June 08

Active Listings

New Listings

Under Contract

Sold Listings

Average

DOM

SP/LP

# Beds

Avg LP

Avg LP

Avg LP

Avg LP

 

 

1

$231,967

$0

$0

$0

0

0%

2

$442,980

$533,500

$0

$319,333

40

96%

3

$765,274

$867,311

$749,112

$941,914

28

100%

4

$1,121,470

$920,000

$1,134,091

$884,200

59

97%

5+

$2,665,801

$2,535,308

$1,927,909

$1,554,312

28

99%

TOWN

$1,676,628

$1,500,935

$1,190,177

$1,029,568

40

99%

 

 

Data compiled from the GSMLS. Deemed reliable, but not guaranteed. 

Interested in a Complimentary Market Analysis of your Millburn or Short Hills NJ home? Or receiving each month's home sale price updates? Just fill out the form below and Sue will contact you shortly. 

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Real Estate Tips
Investment Real Estate >Investment Property

Individuals who invest in real estate are doing very well these days. The potential for income, appreciation and possible tax savings makes investment property especially attractive.

It is important for you to get professional advice before you decide to buy investment property. You may want to start with a personal financial advisor who can help you set your investment goals. Your real estate agent can help you select a competitively-priced property that meets these goals, and can answer questions about why a particular property would be a solid investment. What features would make it easy to rent? What kind of maintenance expenses are you likely to incur? What will your cash flow be, and how will the tax savings affect your bottom line? While agents cannot predict how much a particular property will appreciate, they can give you the history of price trends in the market area.

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