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***Please note that we pull West Orange home sale prices and stats directly from the GSMLS , and "Original Listing Price" and "Days On Market" is of 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, 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 |
| 30 Nutman Pl |
$229,000 |
$198,000 |
$198,000 |
241 |
3 |
2 |
CapeCod |
| 12 Cerone Ct |
$224,900 |
$224,900 |
$224,900 |
60 |
2 |
2 |
OneFloor |
| 1395 Pleasant Valley Way |
$275,000 |
$229,000 |
$210,000 |
168 |
3 |
3 |
Ranch |
| 4 Elm St |
$250,000 |
$229,000 |
$229,000 |
97 |
3 |
1.1 |
Colonial |
| 10 Smith Manor Blvd |
$229,900 |
$229,900 |
$214,000 |
21 |
2 |
2 |
HighRise |
| 25 Cerone Ct |
$249,000 |
$249,000 |
$235,000 |
20 |
2 |
2.1 |
TwnIntUn |
| 69 Vacca Dr |
$295,000 |
$262,000 |
$250,000 |
219 |
3 |
2 |
Ranch |
| 340 Northfield Avenue |
$264,500 |
$264,500 |
$264,000 |
47 |
4 |
2.1 |
RanchExp |
| 160 Marion Dr |
$317,000 |
$317,000 |
$305,000 |
50 |
2 |
2.1 |
TwnEndUn |
| 47 Larkin Cir |
$329,900 |
$329,900 |
$312,500 |
85 |
2 |
2 |
TwnEndUn |
| 25 Highwood Road |
$379,000 |
$379,000 |
$360,000 |
100 |
5 |
2.1 |
Colonial |
| 387 Digaetano Ter |
$379,900 |
$379,900 |
$370,000 |
77 |
3 |
2.1 |
TwnIntUn |
| 33 Bayowski Rd |
$415,000 |
$387,500 |
$375,000 |
111 |
3 |
2.1 |
TwnEndUn |
| 14 Mcguire Dr |
$625,000 |
$585,000 |
$535,000 |
121 |
5 |
3.1 |
Colonial |
| 3 N. Edgewood Ave |
$597,000 |
$597,000 |
$450,000 |
110 |
3 |
2.1 |
Ranch |
| 27 Haggerty Dr. Ashwood |
$679,000 |
$679,000 |
$679,000 |
0 |
4 |
2.1 |
Colonial |
| 5 Haggerty Dr. Crestmont |
$799,000 |
$799,000 |
$799,000 |
0 |
5 |
3.1 |
Colonial |
AVERAGE DAYS ON MARKET:90 AVERAGE LISTING PRICE:$467,524
AVERAGE SALE PRICE: $353,553 % SALE PRICE / LIST PRICE:95%
West Orange Home sale Trends February 2009 thru February 2010
|
desc |
Feb.2009 |
March |
April |
May |
June |
July |
Aug |
|
Average Listing Price |
$543,881 |
$535,477 |
$527,507 |
$507,631 |
$546,669 |
$503,673 |
$500,245 |
|
Average Sale Price |
$394,824 |
$309,193 |
$367,226 |
$841,100 |
$347,247 |
$364,726 |
$470,680 |
|
%Sale Price to List Price Ratio |
93% |
95% |
93% |
208% |
92% |
95% |
95% |
|
Days on Market |
112 |
90 |
78 |
83 |
80 |
65 |
88 |
|
# of Active Listings |
418 |
449 |
493 |
481 |
488 |
475 |
477 |
|
# of Closed Listings |
17 |
15 |
24 |
29 |
44 |
43 |
33 |
|
desc |
Sept. |
Oct. |
Nov. |
Dec. |
Jan. |
Feb.2010 |
|
Average Listing Price |
$487,987 |
$491,470 |
$489,781 |
$480,200 |
$471,844 |
$467,524 |
|
Average Sale Price |
$398,452 |
$396,276 |
$328,768 |
$414,678 |
$402,908 |
$353,553 |
|
%Sale Price to ListPrice Ratio |
96% |
95% |
96% |
94% |
95% |
95% |
|
Days On Market |
102 |
117 |
81 |
91 |
102 |
90 |
|
# of Active Listing |
445 |
426 |
386 |
358 |
394 |
386 |
|
# of Closed Listings |
35 |
48 |
45 |
29 |
20 |
17 |
|
Feb. 2010 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$191,303 |
$213,233 |
$0 |
$0 |
0 |
0% |
|
2 |
$281,452 |
$268,520 |
$266,300 |
$258,280 |
47 |
96% |
|
3 |
$382,145 |
$423,350 |
$301,100 |
$297,429 |
146 |
91% |
|
4 |
$467,295 |
$525,160 |
$466,200 |
$471,500 |
24 |
100% |
|
5 |
$945,644 |
$590,143 |
$0 |
$564,667 |
74 |
96% |
|
TOWN |
$467,524 |
$437,203 |
$322,485 |
$353,553 |
90 |
95% |  CLICK BELOW TO VIEW
THE SALES AND STATS
BY MONTH West Orange
Interested in a complimentary market analysis of your West Orange NJ home? Just fill out the form below, and Sue will be in touch with you shortly.
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First Time Buyers >The Real Bottom Line
An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!
The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.
When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.
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| Q |
What country of the world has the highest percentage of private housing?
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| A |
Mongolia, where 100% of all properties are owner-occupied. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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