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Millburn Real Estate 2009 Year in Review

Millburn Real Estate Trends - 2009 Year in Review
Millburn Real Estate Trends - 2009 Year in Review

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 Short Hills Mall.

That said, the average home sale price fell from $1,216,231 in 2008
to $1,160,406 in 2009.

Of course days on market increased as a result of the economy
to 73 up from 52 days in 2008.

The good news ahead for 2010…the phones are ringing
and the sellers that hesitated last year,
are providing exceptional buying opportunities
in the upcoming months…stay tuned.

Homes for Sale in Short Hills 07078

Homes for Sale in Millburn 07041

Shhhh….don’t tell anyone, but some wonderful homes
are about to come on the market.

Millburn/Short Hills at a Glance

Want to hear more? Call Perri K. Feldman @ 973.650.4727


Perri K Feldman

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