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2008 - Detail - Summit

  Summit
    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
                       
3 208 $656,182 162 $644,477 78 $667,049 65 83 $654,572 66 97%
4 155 $996,695 134 $1,017,885 73 $979,744 55 72 $997,578 46 98%
5+ 156 $2,312,882 130 $2,342,498 48 $1,974,081 54 48 $1,886,010 50 98%
                       
Total 519 $1,255,844 426 $1,280,109 199 $1,097,020 58 203 $1,067,407 54 97.67%
    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
                       
3 167 $706,350 138 $708,373 73 $700,825 64 78 $681,155 64 98%
4 148 $1,130,987 131 $1,134,313 82 $1,197,943 45 81 $1,180,462 47 99%
5+ 157 $1,967,940 124 $1,976,047 78 $1,912,599 54 80 $1,926,607 57 99%
                       
Total 472 $1,259,138 393 $1,250,332 233 $1,281,435 54 239 $1,267,264 56 98.67%
Variance
# Bedrooms      Active Listings     New Listings           Under Contract       Sold Listings    
  # Avg. LP # Avg. LP # Avg. LP DOM # Avg. SP DOM  
                       
3 41 ($50,168) 24 ($63,896) 5 ($33,776) (1) 5 ($26,583) (2)  
4 7 ($134,292) 3 ($116,428) (9) ($218,199) (10) (9) ($182,884) 1  
5+ (1) $344,942 6 $366,451 (30) $61,482 0 (32) ($40,597) 7  
                       
Total 47 ($3,294) 33 $29,778 (34) ($184,414) 4 (36) ($199,857) (2)  
0% 2% -14% -16%    

 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