Sue feels that if you are in the market to buy or sell New Jersey Real Estate in Basking Ridge, Bernardsville, or any other Somerset County or Morris County towns, it is important to understand the trends in number of Active Listings, Average Days on the Market, and listing prices vs. sale prices so that you have the information to make an educated decision.
CLICK BELOW TO VIEW THE SALES AND STATS BY MONTH
Bernards-Basking Ridge
LIVINGSTON September 2005 Home Sales
Bernards-Basking RidgeHome sale TrendsJuly 2007 – July 2008
July 2007
Aug.
Sept.
Oct.
Nov.
Dec.
Average Listing Price
$921,441
$986,410
$934,419
$946,130
$959,183
$998,857
Average Sale
Price
$702,169
$678,556
$487,377
$627,239
$638,120
$676,419
%Sale Price to List Price Ratio
97%
97%
96%
95%
97%
96%
Days on Market
61
64
62
59
65
74
# of Active
Listings
285
237
245
241
230
199
# of Closed Listings
57
54
28
25
20
32
Jan.
Feb.
Mar.
April
May
June
July 2008
Average Listing Price
$977,371
$898,835
$886,491
$887,405
$923,042
$925,852
$904,319
Average Sale
Price
$501,053
$537,214
$737,919
$530,697
$514,026
$711,362
$738,308
%Sale
Price to List Price Ratio
95%
95%
93%
97%
95%
96%
96%
Days On Market
77
74
94
57
64
68
69
# of Active
Listings
213
231
264
254
276
283
269
# of Closed Listings
14
8
18
18
26
52
40
July 08
Active Listings
New Listings
Under Contract
Sold Listings
Average
DOM
SP/LP
# Beds
Avg LP
Avg LP
Avg LP
Avg LP
1
$272,544
$249,450
$226,300
$239,500
7
100%
2
$360,671
$361,740
$328,290
$384,611
56
96%
3
$667,281
$773,522
$584,237
$591,350
51
97%
4
$881,801
$821,861
$928,600
$845,658
76
95%
5
$1,789,012
$1,586,225
$1,478,833
$1,221,238
101
95%
TOWN
$904,319
$706,685
$752,705
$738,308
69
96%
Interested in a complimentary market analysis of your Basking Ridge NJ home? Just fill out the form below, and Sue will be in touch with you shortly.
Selling Your Home >When to Take a Walk
Your agent calls to say he is bringing prospective buyers to see your home at 2:00 p.m. You quickly straighten up the house and run the dishwasher. What should you do then? If you have to let them into the house--then take a drive or walk the dog!
Many owners think they should linger close by while their home is being shown. They are afraid that the real estate agent might miss the storage shelves in the basement or forget to point out the beautiful new floor in the kitchen. It is better for the agent to miss something than for you to be ushering the buyers around, so resist the temptation to stay while your house is being shown.
Buyers usually base their decision to buy on an attraction that often has more to do with emotions than pure logic, and a lot goes on between buyer and agent during a showing. The buyer needs to evaluate the home's pluses and minuses, and the agent needs the opportunity to work with the buyer's objections. This process cannot take place comfortably if the seller is on the scene.
- NUMBER1EXPERT™ 
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