Short Hills real estate NJ, Millburn real estate, Summit real estate and Maplewood real estate, home listings and homes for sale in New Jersey, Essex, Union and Morris Counties, home sale statistics - Sue Adler, REALTOR® Sue Adler REALTOR(r) for Short Hills, Millburn, Summit and Maplewood, New Jersey real estate, Essex, Union And Morris County, home sale statistics - NUMBER1EXPERT™ Sue Adler NUMBER1EXPERT(tm) for Short Hills, Millburn, Summit and Maplewood, New Jersey real estate, Essex, Union And Morris County, home sale statistics
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Summit Home Sale Statistics: Short Hills, Millburn, Summit and Maplewood New Jersey home buying, real estate listings, and homes for sale in Union County, NJ
Welcome > Home Sale Statistics > Summit  Home Sale Statistics ...


Sue feels that if you are in the market to buy or sell real estate in Short Hills, Millburn, Summit, Maplewood, South Orange, Chatham, Madison or Livingston or surrounding New Jersey 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. 

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  THE SALES AND STATS 
BY MONTH

LIVINGSTON September 2005 Home Sales

                                                         

SUMMIT      Home sale Trends   July 2007 – July 2008

 

July 2007

Aug.

Sept.

Oct.

Nov.

Dec.

Average Listing Price

$1,093,057

 

$1,066,581

$1,081,837

$1,034,757

$1,024,519

$1,076,344

Average Sale Price

$1,203,414

$1,418,638

$1,308,724

$1,218,408

$997,023

$916,153

%Sale Price to List Price Ratio

100%

100%

99%

99%

99%

101%

Days on Market

59

54

38

83

67

36

# of Active

Listings

165

143

177

179

166

129

# of Closed Listings

32

32

21

13

23

19

 

 

Jan.

Feb.

March

April

May

June

July 2008

Average Listing Price

$1,103,962

 

$1,213,965

$1,206,506

$1,239,644

$1,257,405

$1,212,152

$1,076,344

Average Sale Price

$847,714

$779,083

$1,003,500

$836,500

$823,383

$1,209,713

$1,232,780

%Sale Price to List Price Ratio

100%

96%

95%

100%

99%

97%

98%

Days On Market

32

100

71

56

49

63

45

# of Active

Listings

166

163

168

180

196

195

180

# of Closed Listings

14

11

18

13

21

26

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 08

Active Listings

New Listings

Under Contract

Sold Listings

Average

DOM

SP/LP

# Beds

Avg LP

Avg LP

Avg LP

Avg LP

 

 

1

$279,633

$309,000

$0

$0

0

0%

2

$488,195

$388,000

$362,933

$397,000

19

98%

3

$671,926

$725,833

$850,064

$684,656

70

97%

4

$1,099,273

$1,032,000

$1,216,333

$1,184,437

35

98%

5

$2,536,111