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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. July 2010 Home Sale Prices and Market Stats 
| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 74 Mitchell St |
$189,000 |
$179,000 |
$165,000 |
128 |
2 |
1.1 |
Colonial |
| 320 Smith Manor Blvd. |
$250,000 |
$225,000 |
$220,000 |
221 |
1 |
1.1 |
Contemp |
| 60 Musano Ct |
$239,000 |
$225,000 |
$225,000 |
102 |
3 |
2 |
TwnEndUn |
| 703 Smith Manor Blvd |
$249,000 |
$229,000 |
$215,000 |
126 |
2 |
2 |
Contemp |
| 10 Smith Manor Blvd |
$319,000 |
$234,900 |
$197,500 |
318 |
2 |
2 |
OneFloor |
| 24 Hutton Ave |
$279,000 |
$249,000 |
$245,000 |
38 |
3 |
2 |
FirstFlr |
| 23 Wellington Ave |
$255,000 |
$255,000 |
$250,000 |
96 |
4 |
2 |
RanchExp |
| 38 Belle Terre Rd |
$295,000 |
$295,000 |
$294,000 |
39 |
4 |
2 |
Colonial |
| 39 Perkins Dr |
$310,000 |
$299,000 |
$288,500 |
105 |
2 |
2 |
OneFloor |
| 26 Nutwold Ave |
$347,000 |
$299,999 |
$291,000 |
104 |
3 |
1.1 |
SplitLev |
| 144 Marion Dr |
$325,000 |
$309,000 |
$307,500 |
142 |
2 |
2.1 |
TwnIntUn |
| 13 Elmwood Ave |
$318,000 |
$318,000 |
$300,000 |
94 |
4 |
1 |
CapeCod |
| 4 Cassien Ter |
$339,900 |
$319,500 |
$289,000 |
85 |
2 |
1.1 |
Ranch |
| 16 Ralph Rd |
$325,000 |
$325,000 |
$325,000 |
86 |
3 |
2 |
Ranch |
| 27 Lapis Cir |
$325,000 |
$325,900 |
$300,000 |
23 |
3 |
2.1 |
TwnIntUn |
| 2 Kayser Ln |
$339,900 |
$334,900 |
$317,500 |
65 |
2 |
2.1 |
TwnEndUn |
| 157 Clarken Dr |
$349,000 |
$349,000 |
$330,000 |
38 |
2 |
2.1 |
TwnEndUn |
| 47 Oakridge Rd |
$364,000 |
$357,500 |
$345,000 |
107 |
3 |
1.1 |
Colonial |
| 258 De Rose Ct |
$374,900 |
$357,900 |
$340,000 |
121 |
3 |
2.1 |
TwnIntUn |
| 10 Clarken Dr |
$359,900 |
$359,900 |
$343,500 |
64 |
2 |
2.1 |
TwnEndUn |
| 42 Birchwood Ave |
$379,000 |
$369,000 |
$365,000 |
39 |
3 |
1.1 |
Colonial |
| 94 Clarken Dr |
$375,000 |
$375,000 |
$362,500 |
8 |
2 |
2.1 |
TwnEndUn |
| 33 Knutsen Dr |
$429,900 |
$379,000 |
$379,000 |
76 |
3 |
2.1 |
TwnIntUn |
| 13 Cornell St |
$369,900 |
$379,900 |
$360,000 |
11 |
3 |
1.1 |
SplitLev |
| 78 Cummings Cir |
$389,000 |
$389,000 |
$370,000 |
2 |
2 |
3.1 |
TwnIntUn |
| 32 Mountain Ave |
$439,000 |
$396,000 |
$380,000 |
99 |
4 |
2 |
Colonial |
| 82 Maple Ave |
$399,900 |
$399,900 |
$385,000 |
43 |
4 |
3 |
Ranch |
| 11 Luddington Ter |
$417,000 |
$417,000 |
$417,000 |
9 |
3 |
1.1 |
Colonial |
| 76 Lowell Ave. |
$438,000 |
$425,000 |
$405,000 |
262 |
3 |
2.1 |
RanchExp |
| 152 Forest Hill Rd |
$479,000 |
$469,000 |
$465,000 |
47 |
3 |
3 |
Colonial |
| 1103 Smith Manor Blvd |
$479,500 |
$479,500 |
$450,000 |
14 |
3 |
2.1 |
Detached |
| 12 Knutsen Dr |
$479,900 |
$479,900 |
$466,000 |
35 |
2 |
3 |
TwnEndUn |
| 33 Currey Ln |
$505,000 |
$505,000 |
$442,000 |
20 |
3 |
2.1 |
TwnEndUn |
| 29 Silver Spring Rd |
$519,000 |
$519,000 |
$513,000 |
28 |
4 |
2.1 |
RanchExp |
| 6 Tornillo Rd |
$569,000 |
$524,000 |
$500,000 |
137 |
3 |
3.1 |
Ranch |
| 17 Kovach Ct (Alameda Ii) |
$659,000 |
$659,000 |
$644,571 |
1 |
3 |
2.1 |
TwnEndUn |
| 000 Keimel |
$769,990 |
$719,990 |
$843,000 |
339 |
4 |
3.1 |
TwnEndUn |
| 1 Allsop Ct |
$779,000 |
$779,000 |
$770,000 |
22 |
5 |
3.1 |
Colonial |
| 3 Efstis Ct |
$809,000 |
$809,000 |
$809,000 |
0 |
5 |
3.1 |
Colonial |
| 40 Wildwood Ave |
$1,400,000 |
$1,400,000 |
$1,200,000 |
172 |
6 |
4.2 |
Tudor |
AVERAGE DAYS ON MARKET:80 AVERAGE LISTING PRICE:$454,293
AVERAGE SALE PRICE: $391,322 % SALE PRICE / LIST PRICE:95%
West Orange Home sale Trends July 2009 thru July 2010
|
desc |
June |
July |
Aug |
Sept. |
Oct. |
Nov. |
Dec. |
|
Average Listing Price |
$546,669 |
$503,673 |
$500,245 |
$487,987 |
$491,470 |
$489,781 |
$480,200 |
|
Average Sale Price |
$347,247 |
$364,726 |
$470,680 |
$398,452 |
$396,276 |
$328,768 |
$414,678 |
|
%Sale Price to List Price Ratio |
92% |
95% |
95% |
96% |
95% |
96% |
94% |
|
Days on Market |
80 |
65 |
88 |
102 |
117 |
81 |
91 |
|
# of Active Listings |
488 |
475 |
477 |
445 |
426 |
386 |
358 |
|
# of Closed Listings |
44 |
43 |
33 |
35 |
48 |
45 |
29 |
|
desc |
Jan. |
Feb. |
March |
April |
May |
June |
July 2010 |
|
Average Listing Price |
$471,844 |
$467,524 |
$467,524 |
$452,528 |
$457,914 |
$457,839 |
$454,293 |
|
Average Sale Price |
$402,908 |
$353,553 |
$353,553 |
$332,885 |
$402,910 |
$407,420 |
$391,322 |
|
%Sale Price to ListPrice Ratio |
95% |
95% |
95% |
97% |
96% |
94% |
95% |
|
Days On Market |
102 |
90 |
90 |
72 |
97 |
84 |
80 |
|
# of Active Listing |
394 |
386 |
444 |
486 |
514 |
529 |
358 |
|
# of Closed Listings |
20 |
17 |
25 |
31 |
26 |
52 |
29 |
|
July 2010 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$179,032 |
$170,967 |
$149,000 |
$220,000 |
221 |
98% |
|
2 |
$305,373 |
$307,483 |
$260,967 |
$304,333 |
93 |
95% |
|
3 |
$388,815 |
$430,470 |
$326,041 |
$382,269 |
70 |
96% |
|
4 |
$468,872 |
$469,891 |
$403,500 |
$353,667 |
67 |
97% |
|
5 |
$784,817 |
$576,778 |
$494,725 |
$923,000 |
65 |
93% |
|
TOWN |
$454,293 |
$429,557 |
$358,111 |
$391,322 |
80 |
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.
Tax Considerations >Not at ARMs Length
A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.
The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.
For answers to all your real estate questions, consult experienced professionals who are familiar with this area.
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| Q |
What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?
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| A |
Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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