Town Comparisons 2006 vs 2007
COMPARATIVE AREA REAL ESTATE UPDATE –
2007 vs 2006
|
Community |
# of New Listings |
# of Closed Sales |
Average Days on Market |
Average List Price $ |
Average Sale Price $ |
Percent List to Sale |
|
2007 Berkeley Heights 2006
|
201
215 |
111
109 |
74
75 |
645,000 -$37,500/ -6% 682,500 |
625,000 -38,000 663,000 |
97%
97% |
|
2007 The Chathams 2006
|
370
456 |
237
217 |
64
52 |
1,046,000 +$50,000/ +5% 996,000 |
1,014,000 +38,000 976,000 |
97%
98% |
|
2007 Long Hill Township 2006
|
152
152 |
70
61 |
67
61 |
603,000 -$82,000/ -14% 685,000 |
581,000 -75,000 656,000 |
96%
96% |
|
2007 New Providence 2006
|
184
195 |
115
94 |
65
48 |
616,000 -$12,000/ -2% 628,000 |
600,000 -19,000 619,000 |
97%
98% |
|
2007 Short Hills 2006
|
414
484 |
292
249 |
62
61 |
1,369,000 +$14,000/ +0% 1,355,000 |
1,327,000 +15,000 1,312,000 |
97%
97% |
|
2007 Summit 2006
|
349
363 |
228
221 |
55
49 |
1,257,000 +$142,000/ +11% 1,115,000 |
1,248,000 +140,000/ +11% 1,108,000 |
99%
99% |
Transactions Reported From
January 1, 2006 – December 31, 2007
Single Family Residential Units Only –
Excludes Condominiums
Teri Danahey
Prudential New Jersey Properties
908-464-5200 x 316
e-Mail: TeriD@PrudentialNewJersey.com
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.
