***Please note that we pull these Millburn and Short Hills 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 
|
Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
|
206 Main St |
$219,000 |
$185,000 |
$176,000 |
94 |
1 |
1 |
OneFloor |
|
19 Locust Ave |
$499,000 |
$499,000 |
$480,000 |
8 |
3 |
1.1 |
Ranch |
|
54 Greenwood Dr |
$689,000 |
$689,000 |
$664,000 |
142 |
3 |
2.1 |
Tudor |
|
1 Woodland Road |
$788,800 |
$750,000 |
$715,000 |
93 |
3 |
2.1 |
Colonial |
|
327 Lupine Way |
$965,000 |
$965,000 |
$961,000 |
44 |
3 |
3.1 |
Colonial |
|
19 Roland Dr |
$1,095,000 |
$1,095,000 |
$999,999 |
42 |
3 |
2.2 |
RanchExp |
|
383 Hobart Ave |
$1,195,000 |
$1,195,000 |
$1,135,000 |
10 |
5 |
4.1 |
Colonial |
|
3 Beechcroft Rd |
$1,449,000 |
$1,295,000 |
$1,205,000 |
115 |
6 |
3.1 |
Colonial |
|
49 Nottingham Rd |
$1,729,000 |
$1,729,000 |
$1,600,000 |
0 |
5 |
4.2 |
Tudor |
|
28 Far Brook Dr |
$2,395,000 |
$2,395,000 |
$2,122,500 |
157 |
6 |
5.1 |
Custom |
|
1 Brooklawn Dr |
$2,650,000 |
$2,650,000 |
$2,509,500 |
38 |
5 |
4.1 |
Colonial |
AVERAGE DAYS ON MARKET:68 AVERAGE LISTING PRICE:$1,883,743
AVERAGE SALE PRICE:$1,142,545 % SALE PRICE / LIST PRICE:93%
Millburn-Short HillsHome sale Trends February 2009-February 2010
|
desc |
Feb.2009 |
March |
April |
May |
June |
July |
|
Average Listing Price |
$1,722,362 |
$1,551,603
|
$1,531,063 |
$1,572,115 |
$1,608,114 |
$1,598,885 |
|
Average Sale Price |
$730,667 |
$1,281,250 |
$1,058,100 |
$1,099,143 |
$1,184,393 |
$1,206,600 |
|
%Sale Price to List Price Ratio |
98% |
92% |
93% |
97% |
96% |
94% |
|
Days on Market |
48 |
139 |
63 |
42 |
89 |
70 |
|
# of Active
Listings |
118 |
154 |
177 |
177 |
176 |
157 |
|
# of Closed
Listings |
7 |
10 |
16 |
16 |
29 |
27 |
|
desc |
August |
Sept. |
Oct. |
Nov. |
Dec. |
Jan. |
Feb 2010 |
|
Average Listing Price |
$1,604,087 |
$1,641,780 |
$1,699,589 |
1,764,888 |
$1,753,058 |
$2,042,940 |
$1,883,743 |
|
Average Sale Price |
$1,186,467 |
$1,278,443 |
$1,243,041 |
1,043,545 |
$1,287,100 |
$1,345,750 |
$1,142,545 |
|
%Sale Price to List Price Ratio |
94% |
94% |
97% |
95% |
96% |
96% |
93% |
|
Days On
Market |
60 |
44 |
116 |
83 |
60 |
51 |
68 |
|
# of Active
Listings |
147 |
142 |
143 |
125 |
112 |
105 |
127 |
|
# of Closed Listings |
35 |
24 |
17 |
11 |
20 |
13 |
11 |
|
Feb. 2010 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$257,250 |
$247,167 |
$0 |
$176,000 |
94 |
95% |
|
2 |
$399,900 |
$0 |
$0 |
$0 |
0 |
0% |
|
3 |
$774,400 |
$765,544 |
$764,333 |
$764,000 |
66 |
96% |
|
4 |
$1,087,046 |
$980,875 |
$822,000 |
$0 |
0 |
0% |
|
5+ |
$2,982,456 |
$2,526,607 |
$2,042,780 |
$1,714,400 |
64 |
93% |
|
TOWN |
$1,883,743 |
$1,397,569 |
$1,415,090 |
$1,142,545 |
68 |
93% |  CLICK BELOW TO VIEW
THE SALES AND STATS
BY MONTH
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.
Closing or Settlement >Real Estate Repairs
In most real estate transactions there are a few responsibilities that the sellers need to handle before the closing, such as repairs and termite extermination. The deadline for completing these obligations usually coincides with the actual closing. Many sellers barely make that deadline. Those who wait until the last minute to handle these matters may miss the deadline altogether or pay high rates in order to get a plumber, roofer or electrician on an emergency basis.
Your buyers will probably get a structural inspection done after the contract is ratified. Within 10 days of the contract's acceptance by all parties, the pest inspection should be scheduled. Even though sellers usually know well in advance what is needed, they sometimes put things off until the buyers have finalized the loan approval process. Since these repairs will have to be made anyway, it is a good idea to get them done promptly.
|
 |
| Q |
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?
|
| A |
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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