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2008 - Detail - Millburn / Short Hills

  Millburn / Short Hills
    January  01, 2008 to December 31, 2008
# Bedrooms      Active Listings     New Listings             Under Contract     Sold Listings    
  # Avg. LP # Avg. LP # Avg. LP DOM # Avg. SP DOM SP/LP
                       
3 141 $689,000 119 $757,446 79 $767,090 47 78 $748,771 46 97%
4 146 $999,000 124 $1,099,563 77 $1,048,044 49 87 $1,031,990 51 97%
5+ 205 $1,999,999 173 $2,374,283 69 $2,206,781 55 78 $2,084,156 52 95%
                       
Total 492 $1,327,241 416 $1,531,810 225 $1,304,744 50 243 $1,278,812 50 96.33%
    January  01, 2007 to December 31, 2007
# Bedrooms      Active Listings     New Listings           Under Contract       Sold Listings    
  # Avg. LP # Avg. LP # Avg. LP DOM # Avg. SP DOM SP/LP
                       
3 137 $698,964 124 $704,107 79 $711,829 49 84 $693,026 49 99%
4 163 $1,127,461 140 $1,117,252 93 $1,159,274 52 94 $1,120,907 53 96%
5+ 234 $2,491,650 171 $2,265,281 116 $2,122,928 74 114 $1,994,974 80 97%
                       
Total 534 $1,615,319 435 $1,450,776 288 $1,424,676 58 292 $1,339,063 61 97.33%
Variance
# Bedrooms      Active Listings     New Listings           Under Contract       Sold Listings    
  # Avg. LP # Avg. LP # Avg. LP DOM # Avg. SP DOM  
                       
3 4 ($9,964) (5) $53,339 0 $55,261 2 (6) $55,745 3  
4 (17) ($128,461) (16) ($17,689) (16) ($111,230) 3 (7) ($88,917) 2  
5+ (29) ($491,651) 2 $109,002 (47) $83,853 19 (36) $89,182 28  
                       
Total (42) ($288,077) (19) $81,034 (63) ($119,932) -8 (49) ($60,251) (11)  
-18% 6% -8% -4%    

 This information was assembled from information in the Garden State Multiple Listing Service.  The information is deemed reliable but is not warranted or guaranteed.  Subject to errors, omissions and changes without prior notification.  Please contact a REALTOR before making any final conclusions about the value of your home.

 

Contact Information

Teri Danahey & Daniel Fevre
Prudential New Jersey Properties
1260 Springfield Ave.
New Providence NJ 07974
908-464-5200
Fax: 908-464-1133