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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Fabulous negotiater, truly our advocate
"From presenting our offer to handling inspection issues, she was involved and we always felt she was on our side."
Heather & Charlie King, Maplewood, NJ
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Westfield Home Sale Statistics: Short Hills, Millburn, Summit and Maplewood New Jersey home buying, real estate listings, and homes for sale in Essex County, NJ
Welcome > Home Sale Statistics > Westfield Home Sale Statistics ...


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THE SALES AND STATS 
BY MONTH

Westfield

LIVINGSTON September 2005 Home Sales

 

                                                         

Westfield     Home sale Trends   July 2007 – July 2008

 

July 2007

Aug.

Sept.

Oct.

Nov.

Dec.

Average Listing Price

$1,007,512

 

$1,011,502

$998,669

$1,036,196

$1,037,777

$1,044,131

Average Sale Price

$898,511

$867,665

$861,813

$1,804,444

$642,070

$814,175

%Sale Price to List Price Ratio

96%

97%

95%

96%

94%

94%

Days on Market

45

68

63

79

58

109

# of Active

Listings

264

252

265

258

230

204

# of Closed Listings

45

48

23

25

20

14

 

 

Jan.

Feb.

Mar.

April

May

June

July 2008

Average Listing Price

$1,022,511

 

$1,015,313

$1,042,233

$1,012,028

$996,571

$1,004,796

$1,000,441

Average Sale Price

$764,692

$804,781

$700,324

$694,025

$674,413

$837,955

$791,048

%Sale Price to List Price Ratio

95%

96%

97%

97%

97%

95%

97%

Days On Market

70

79

92

54

55

51

63

# of Active

Listings

223

229

237

255

256

229

229

# of Closed Listings

13

18

18

20

23

42

131

 

July 08

Active Listings

New Listings

Under Contract

Sold Listings

Average

DOM

SP/LP

# Beds

Avg LP

Avg LP

Avg LP

Avg LP

 

 

1

$362,857

$319,999

$191,500

$229,500

111

95%

2

$742,042

$529,000

$519,800

$0

0

0%

3

$529,819

$549,038

$475,292

$589,056

60

99%

4

$985,607

$983,560

$824,654

$800,182

54

97%

5

$1,615,153

$1,341,414

$1,654,000

$1,106,667

67

96%

TOWN

$1,000,441

$947,704

$761,040

$791,048

63

97%

 

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Real Estate Tips
Real Estate Contracts >The Sales Price

After your search for a house and all the negotiations are over, you arrive at the the sales price. Finally, you feel some certainty about your bottom line. However, it is not unusual for there to be disagreements about what is included in the sales price. Careful drafting of the paperwork can help to avoid future disputes.

The following definitions may help. Real property is land and any permanent attachments, such as buildings, landscaping and fences. Personal property consists of movable possessions, such as furniture and clothing. A fixture is defined as an item of personal property which has become part of the real property by virtue of becoming permanently attached, such as a new sink, a Jacuzzi, or a chandelier.

The principal area of dispute about the sales price often relates to fixtures. Most preprinted real estate contracts will provide space for the fixtures to be listed. Whether you are selling or buying, you should make use of this space. Do not assume curtains, satellite discs, antennas or fireplace equipment come with the house. You should also make it very clear what you don't want left on the property. If you are specific about every item that may be questionable, you will greatly reduce the chances of a dispute after the closing.