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2008 - Detail - New Providence

  New Providence
    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
                       
3 119 $570,827 97 $582,878 54 $582,851 66 54 $559,368 62 97%
4 75 $700,137 64 $706,555 43 $671,091 57 46 $647,158 57 97%
5+ 31 $787,735 22 $815,264 16 $818,875 55 16 $794,156 55 97%
                       
Total 225 $643,815 183 $654,068 113 $649,848 59 116 $626,566 58 97.00%
    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
                       
3 118 $574,224 97 $574,685 55 $570,249 58 58 $550,222 62 97%
4 98 $649,151 78 $650,297 51 $623,996 64 52 $619,943 63 98%
5+ 30 $847,580 26 $837,827 10 $790,700 68 11 $777,618 69 95%
                       
Total 246 $637,409 201 $638,065 116 $612,884 63 121 $600,857 65 96.67%
Variance
# Bedrooms      Active Listings     New Listings           Under Contract       Sold Listings    
  # Avg. LP # Avg. LP # Avg. LP DOM # Avg. SP DOM  
                       
3 1 ($3,397) 0 $8,193 (1) $12,602 (8) (4) $9,146 0  
4 (23) $50,986 (14) $56,258 (8) $47,095 7 (6) $27,215 6  
5+ 1 ($59,845) (4) ($22,563) 6 $28,175 13 5 $16,538 14  
                       
Total (21) $6,406 (18) $16,003 (3) $36,965 (4) (5) $25,709 (7)  
1% 3% 6% 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