***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.
Making An Offer >Making Your Offer
When you find the right home, what can you do to maximize your chances of actually getting it? The first step you should take is to make a prompt offer.
Whether you are in a buyers' or sellers' market, taking too much time to initiate an offer can cost you money, especially if you are planning to offer less than the asking price or will be asking for special terms. If your offer is the only one on the table, the sellers will consider it, and if they don't accept it, they may make a good counter offer. While you are "sleeping on it", however, you risk the possibility of another offer coming in. If another buyer appears on the scene, you lose an important advantage while you and the sellers are going back and forth with offers and counter offers. A buyer who really wants that special house will make the best possible offer --as quickly as possible.
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 |
| Q |
What home product makes lawn mowing easier than ever?
|
| A |
The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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