Maplewood NJ Home Sales Jan-March 2008
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by Perri K Feldman
- April 16, 2008
- Maplewood Living, Recent New Jersey Home Sales
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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 overpriced for the neighborhood.
Maplewood NJ only saw a 6% drop in average sale price in the first quarter 2008 ($485,750) vs 2007 ($516,492) which speaks to the continued vibrancy of the town with its close proximity to New York City, the Express Midtown Direct Train into Penn Station (less than 30 minutes) and its wonderful downtown and lovely homes and parks.
There are currently 155 homes for sale in Maplewood New Jersey ranging in price from $180,000 for a one floor condo to $2,600,000 for a 2/3 bedroom, 4.2 bath penthouse at The Top with magnificent NYC skyline views. If that is too pricey, there is an 8 bedroom, 3.1 bath Victorian just a short walk into Maplewood Village available for$1,495,000.
Fifteen homes went under contract in as many days since the beginning of April and ten homes have closed…a good sign that Spring has Sprung.
