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***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. The Millburn-Short Hills market has really picked up. See my latest blog post on this... http://njexperts.com/2009/05/02/in-the-nj-midtown-direct-trainline-towns-95-homes-have-gone-under-contract-in-past-two-weeks/ May 2009 Home Sale Prices and Market Stats 
| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 146 Glen Ave |
$489,900 |
$429,000 |
$400,000 |
132 |
3 |
2.1 |
CapeCod |
| 8 Glen Ave |
$618,000 |
$569,000 |
$550,000 |
100 |
4 |
3.1 |
Colonial |
| 50 South Terrace |
$649,000 |
$649,000 |
$670,000 |
17 |
4 |
2 |
CapeCod |
| 44 Greenwood Drive |
$665,000 |
$665,000 |
$640,000 |
27 |
3 |
2.1 |
Colonial |
| 8 Midhurst Road |
$799,000 |
$699,000 |
$693,000 |
88 |
4 |
1 |
Tudor |
| 409 Old Short Hills |
$749,000 |
$749,000 |
$765,000 |
5 |
4 |
2.1 |
RanchExp |
| 17 Park Circle |
$875,000 |
$799,900 |
$785,000 |
50 |
3 |
2 |
Colonial |
| 25 Fairview Rd |
$878,500 |
$878,500 |
$850,000 |
29 |
3 |
3 |
Contemp |
| 16 Parkview dr. |
$899,000 |
$899,000 |
$975,000 |
10 |
4 |
3.1 |
Colonial |
| 7 Lawrence Dr. |
$999,000 |
$999,000 |
$940,000 |
26 |
3 |
3.1 |
Ranch |
| 1 Sylvan Way |
$1,090,000 |
$1,090,000 |
$999,000 |
43 |
4 |
3.1 |
Ranch |
| 94 Tennyson Rd |
$1,095,000 |
$1,095,000 |
$1,250,000 |
2 |
5 |
4 |
Colonial |
| 77 Oakview Ter |
$1,195,000 |
$1,195,000 |
$1,110,000 |
15 |
4 |
3.1 |
Colonial |
| 391 Hartshorn Dr. |
$1,575,000 |
$1,495,000 |
$1,445,000 |
34 |
4 |
3.1 |
Colonial |
| 14 Union Way |
$2,295,000 |
$2,150,000 |
$1,950,000 |
190 |
5 |
5.1 |
Colonial |
| 47 Harvey Drive |
$2,999,000 |
$2,999,000 |
$2,765,000 |
1 |
6 |
6.1 |
Colonial |
AVERAGE DAYS ON MARKET:42 AVERAGE LISTING PRICE:$1,572,115
AVERAGE SALE PRICE:$1,099,143 % SALE PRICE / LIST PRICE:97%
Millburn/Short Hills Home sale Trends May 2008 thru May 2009
|
desc |
May |
June |
July |
Aug |
Sept. |
Oct. |
|
Average Listing Price |
$1,624,368 |
$1,676,628 |
$1,686,431 |
$1,761,248
|
$1,777,399 |
$1,805,556 |
|
Average Sale Price |
$1,361,130 |
$1,029,568 |
$1,307,943 |
$1,307,931 |
$1,117,797 |
$1,247,615
|
|
%Sale Price to List Price Ratio |
94% |
99% |
96% |
95% |
97% |
96% |
|
Days on Market |
45 |
40 |
42 |
50 |
42 |
65 |
|
# Active Listings |
167 |
159 |
140 |
110 |
119 |
123 |
|
# Closed Listings |
23 |
29 |
35 |
55 |
16 |
13 |
|
desc |
Nov. |
Dec. |
Jan. |
Feb. |
March |
April |
May 2009 |
|
Average Listing Price |
$1,799,771 |
$1,619,188 |
$1,870,533 |
$1,722,362 |
$1,551,603
|
$1,531,063 |
$1,572,115 |
|
Average Sale Price |
$839,778 |
$1,206,503 |
$1,473,583 |
$730,667 |
$1,281,250 |
$1,058,100 |
$1,099,143 |
|
%Sale Price to List Price Ratio |
96% |
96% |
95% |
98% |
92% |
93% |
97% |
|
Days On Market |
56 |
51 |
65 |
48 |
139 |
63 |
42 |
|
# Active Listings |
109 |
97 |
106 |
118 |
154 |
177 |
177 |
|
#Closed Listings |
9 |
10 |
6 |
7 |
10 |
16 |
16 |
|
April 09 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$216,300 |
$199,000 |
$189,900 |
$0 |
0 |
0% |
|
2 |
$575,000 |
$724,500 |
$0 |
$0 |
0 |
0% |
|
3 |
$734,174 |
$748,090 |
$571,933 |
$803,750 |
33 |
96% |
|
4 |
$1,136,447 |
$1,016,727 |
$1,073,433 |
$886,857 |
38 |
99% |
|
5+ |
$2,330,400 |
$2,256,118 |
$1,806,545 |
$1,988,333 |
64 |
96% |
|
TOWN |
$1,572,115 |
$1,430,900 |
$1,108,667 |
$1,099,143 |
42 |
97% |  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. |
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- NUMBER1EXPERT™ 
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