***Please note that we pull these Livingston 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 listing 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. May 2009 Home Sale Prices and Market Stats 
| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 133 Summit Avenue Unit 25 |
$225,000 |
$225,000 |
$201,000 |
166 |
2 |
1 |
OneFloor |
| 39 Ashwood Avenue |
$299,000 |
$249,000 |
$170,000 |
50 |
3 |
1 |
FixrUppr |
| 23 Harvey Dr |
$469,000 |
$439,000 |
$420,000 |
51 |
2 |
1 |
CapeCod |
| 594 Springfield Ave |
$499,000 |
$499,000 |
$472,000 |
13 |
3 |
2 |
Colonial |
| 9 Middle Ave |
$659,000 |
$619,000 |
$619,000 |
31 |
3 |
2.1 |
Colonial |
| 64 Mountain Ave |
$799,000 |
$699,000 |
$660,000 |
176 |
6 |
1.2 |
Victrian |
| 156 Mountain Ave |
$859,000 |
$859,000 |
$805,000 |
63 |
4 |
3.1 |
Colonial |
| 1 Little Wolf Rd. |
$1,199,000 |
$1,199,000 |
$1,099,000 |
44 |
5 |
3.2 |
Colonial |
AVERAGE DAYS ON MARKET:74 AVERAGE LISTING PRICE:$1,166,864
AVERAGE SALE PRICE:$555,750 % SALE PRICE / LIST PRICE: 93%
SUMMIT Home sale Trends April May thru May 2009
|
desc |
May |
June |
July |
Aug. |
Sept. |
Oct. |
|
Average Listing Price |
$1,257,405 |
$1,212,152 |
$1,076,344 |
$1,194,065 |
$1,239,203 |
$1,199,995 |
|
Average Sale Price |
$823,383 |
$1,209,713 |
$1,232,780 |
$1,077,204 |
$1,072,270 |
$774,400 |
|
%Sale Price to List Price Ratio |
99% |
97% |
98% |
101% |
101% |
98% |
|
Days on Market |
49 |
63 |
45 |
44 |
48 |
63 |
|
# of Active Listings |
196 |
195 |
180 |
169 |
192 |
189 |
|
# of Closed Listings |
21 |
26 |
30 |
28 |
20 |
17 |
|
dedsc |
Nov. |
Dec. |
Jan. |
Feb. |
March |
April |
May 2009 |
|
Average Listing Price |
$1,262,642 |
$1,320,856 |
$1,355,710 |
$1,233,966 |
$1,205,798 |
$1,213,791 |
$1,166,864 |
|
Average Sale Price |
$933,958 |
$837,477 |
$1,218,325 |
$899,732 |
$504,893 |
$835,934 |
$555,750 |
|
%Sale List Price |
96% |
92% |
94% |
96% |
93% |
94% |
93% |
|
Days On Market |
56 |
64 |
110 |
88 |
106 |
87 |
74 |
|
# Active Listings |
166 |
150 |
160 |
183 |
213 |
214 |
232 |
|
#Closed Listings |
13 |
13 |
8 |
7 |
7 |
12 |
8 |
|
May 09 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average
|
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$267,163 |
$304,250 |
$219,900 |
$0 |
0 |
0% |
|
2 |
$469,681 |
$422,175 |
$0 |
$310,500 |
109 |
94% |
|
3 |
$586,739 |
$524,344 |
$630,989 |
$420,333 |
31 |
92% |
|
4 |
$945,716 |
$994,660 |
$863,990 |
$805,000 |
63 |
94% |
|
5 |
$2,055,236 |
$1,929,125 |
$1,620,188 |
$879,500 |
110 |
93% |
|
TOWN |
$1,166,864 |
$1,045,842 |
$1,123,936 |
$555,750 |
74 |
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 Summit NJ home? Just fill out the form below, and Sue will be in touch with you shortly.
Real Estate Contracts >Clean Contracts
"Clean" is a term that is often used to describe an offer on a house. A "clean" offer does not refer to the price of the house, but to the terms of the agreement. If you really want a particular house, the "cleaner" you can make your offer, the better.
What are the characteristics of a clean contract? A contract is considered "clean" when the buyers are paying cash or are clearly qualified for a mortgage, the sale isn't contingent on the sale of another home, the buyers don't ask the sellers to carry any of the financing, and if the closing date coincides with the sellers' needs. A clean contract doesn't have any unusual requests for repairs or insistence that certain articles convey that would not ordinarily stay in the house. A clean offer has an important competitive edge if you are offering less than full price or if you are in a situation where there is more than one offer on the property.
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 |
| Q |
Where will you find the world's largest indoor waterfall?
|
| A |
The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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