2018 Recap of Midtown Direct Communites Your favorite towns are highlighted so you can see how 2018 stacked up against previous years. For the most part, towns along the train line saw increased home sale prices with lower inventory. As we approach the 2019 Spring Real Estate market, sales are brisk and the market is […]
Real Estate Trends in South Orange NJ – 2009 Year in Review Homes sold in 2009: 151 (vs. 175 in 2008) Avg list price: $574,858 (2.5% lower than in 2008, $589,653) Avg sale price in 2009: $530,707 (2008 sales price $571,405) DOM: 76 in 2009 (vs. 67 in 2008) LP:SP percentage: 95% (97% in 2008) […]
Real Estate Trends in Montclair NJ – 2009 Year in Review 2009 Real Estate statistics for Montclair NJ: Avg list price of $697,924 was 1.3% higher in 2009, than in 2008 ($689,007) There were 309 homes sold during 2009 (vs. 348 in 2008) Avg sold price in 2009: $589,271 (vs. $740,717) DOM: 79 (vs. 65 […]
Real Estate Trends in Glen Ridge NJ – 2009 Year in Review According to GSMLS records, here are some notable statistics about Real Estate sales in Glen Ridge NJ during 2009: Avg list price: $590,197 (vs. $604,493 in 2008) Avg sale price: $551,309 (vs. $591,714 in 2008) Avg DOM: 63 (2008: 65) LP:SP – 99% […]
In West Orange NJ during 2009, the average list price was $497,852 and the average sale price was $382,728 (down 8% from 2008). There were 399 home sales in West Orange, which averaged 90 days on market (DOM) and had a final sales to list price ratio at 95% (down 2% from 2008). […]
I am always asked: “What is so special about Livingston, NJ?” Plenty, first my husband grew up there and graduated from Livingston High School. His family still lives there as do many of my cousins. So, OK I may be partial! There are homes for sale at every price point… whether you want: single family […]
With the 2009 real estate slump, less homes were sold in Millburn/Short Hills than the previous year (223 vs. 260). However, Millburn/Short Hills benefits from having the # 1 High School in New Jersey In addition, the town boasts strong cultural events with the Papermill Playhouse and Metropolitan Orchestra and of course premium shopping downtown and at The […]
I think it is fair to say that most real estate buyers and sellers are glad that 2009 is behind us. In Maplewood, NJ (07040), home prices have fallen far less than the national average. The ease of commute to New York City on the Midtown Direct train line and wonderful downtown have kept housing […]
Thirty-eight homes have gone Under Contract in the past month in Summit, NJ… thus putting the Summit housing market about 19% behind 2008 in number of home sales pending. Average list price of the 163 homes currently on the market is $1,187,509 (6% below 2008). What are the prices of the homes selling in Summit, NJ? 8 Under […]
It has been so wonderful watching the growth of our Keller Williams office over the past three years. Red KW signs are easily spotted in communities along and adjacent to the Midtown Direct train line Representing both Buyers and Sellers, Keller Williams home sales are closing…not easy in this economy. Just look at this one section of […]
In September, 2008, the average list price of homes in Maplewood, NJ was $528,679. The average sales price of the sixteen homes sold was just below that at $521,843. Average Days on Market was 73. What is interesting to note, is that Maplewood is back at 2005 price levels: Maplewood Real Estate Maplewood, NJ Homes […]
Housing prices in Livingston, New Jersey saw a dip in the the first half of 2008 over last year. However, come May & June 2008, the average sale price was over that of 2007…in spite of the gloom and doom portrayed by the media. Why? The downtown is thriving, the schools are Top Rated and you […]
South Orange, NJ home sales for the first six months of 2008 saw a 19% drop in volume and a 10% drop in average price of homes sold versus last year. The good news is that buyers are continuing to view properties in town and that homes that are priced well are selling. Average Days […]
While Maplewood NJ home sales in the first quarter of 2008 were nearly half of what sold in Jan-March 2007, the April market is brisk. Buyers are ringing our phones and open houses are full. Full priced offers are made when homes are priced right, but we are still seeing low offers on homes the buyers feel are […]
Livingston, NJ home sales were down nearly 20% in the first quarter of 2008 with a similar drop in average sales price of $750,586 in 2007 and $598,696 in 2008 based on figures from the Garden State MLS. There are currently 141 homes for sale in Livingston ranging in price from $265,000 for a two […]
Summit and Springfield February single family home sales can be found below. They are both within Union County, New Jersey. Statistical data was provided by the Garden State MLS. You will find Summit just a short twenty minutes from NYC along the Midtown Direct Train line. Springfield provides a Jitney to the Short Hills Train Station…just […]
Below you will find the statistical data provided by the Garden State MLS for February closed sales of single family homes from 2/1/08 to 2/29/08 in Morris County, NJ. If your town is not listed and you would like to receive a FREE report for your particular area, please contact Perri@MidtownDirectHomes.com and we will be happy […]
Below you will find the statistical data provided by the Garden State MLS in regards to closed sales for the month of February from 2/1/08 to 2/29/08, based on single family home status in Essex County, New Jersey See if your town stood out from the rest. If your town is not listed and you would […]
Union County, New Jersey is quite diverse in terms of real estate prices, communities and property size. While we saw a bit of a dip in average home sale prices in January 2008, a recent surge in new homes on the market…point us to a more positive outlook for Spring. If you are thinking of […]
As expected, average sales prices continue to rise in Millburn/Short Hills and Montclair with sustaining prices in the remainder of Essex County. All indications are that entry level homes ($400,000-$600,000) in these communities will benefit from falling interest rates…thus stimulating growth as we enter the key spring selling season. To find homes for sale in […]
The Midtown Direct Train line had a positive effect on January 2008 home sale prices in Morris County As commuters were willing to add an additional twenty minutes onto their travel time, the benefit of lower taxes and larger lot sizes became much more appealing…keeping average sale price growth steady in Morris County, New Jersey. If you are […]
87 homes were sold in Florham Park, NJ in 2007…up 5% over 2006. Days on Market (DOM) were up a bit as well, but the average price of homes sold was down 10% from the previous year. Florham Park town is experiencing a slight downward trend in home prices similar to the rest of the country; however, with the […]
Most people don’t realize that Chatham, New Jersey is made up of Chatham Township and Chatham Borough. Chatham Borough is closer to downtown Chatham shopping and the Midtown Direct Train to NYC. Chatham Township is further from downtown with larger homes and corresponding prices.
There was nothing average about Summit New Jersey Real Estate in 2007 based on the figures from the Garden State MLS: In 2007, more homes were sold, at higher prices than the year before…but, it took a little longer: Average Sale Price was up 11% Number […]
Sales of Homes in Madison, New Jersey remained strong in 2007 as you can see. Madison has seen quite a bit of new construction in the Hill and Dellwood Sections ($2.0 mill +), bringing up the average price of homes in town. The strength of Madison schools, the exciting downtown and its place on the […]
Livingston, NJ Real Estate saw an 11% GAIN in housing prices in 2007 over 2006 While the decrease in the number of homes sold in Livingston, NJ last year was also eleven percent, housing prices were up and Days on Market were down nearly 15%. Buyers saw the value in Livingston, NJ and were willing to […]
294 Homes SOLD in Maplewood, NJ in 2007€¦ Maplewood Real Estate saw a decrease in Average Sold Price of 13%, a decrease of 2% in Volume of Homes Sold and a decrease of 4 days for Average Days on Market over 2006 (probably due to sellers being more realistic with pricing towards the end of 2007): Maplewood Average Sold Price: $537,548 Average […]
304 Homes SOLD in Millburn Township in 2007… 221 in Short Hills and 83 in Millburn. Despite the state of the national real estate market, Millburn Township real estate grew in the past year with Average Sold Price up 2% and Volume of Homes Sold up 13% over 2006: Short Hills Average Sold Price: $1,559,166 Average Days on […]
Homes continued to sell in New Jersey during December 2007. Prices were down about 11% from the previous month. Average Days on Market (DOM) were only two months in December versus three months in November. Why? Sellers realized that well priced homes will sell and Buyers took advantage of year end “specials.” Below are the December […]