Town Comparisons 2007 vs 2008
COMPARATIVE AREA REAL ESTATE UPDATE
2008 vs 2007
|
Community |
# of New Listings |
# of Closed Sales |
Average Days on Market |
Average List Price $ |
Average Sale Price $ |
Percent List to Sale |
|
2008 Berkeley Heights 2007
|
178
199 |
102
111 |
74
74 |
617,000 -$28,000/ -5% 645,000 |
592,000 -$33,000/ -6% 625,000 |
96%
97% |
|
2008 The Chathams 2007
|
379
370 |
174
237 |
61
64 |
1,026,000 -$20,000/ -2% 1,046,000 |
988,000 -$26,000 / -3% 1,014,000 |
96%
97% |
|
2008 Long Hill Township 2007
|
145
152 |
69
70 |
94
67 |
586,000 -$17,000/ -3% 603,000 |
560,000 -$21,000/ -4% 581,000 |
94%
96% |
|
2008 New Providence 2007
|
168
184 |
107
115 |
55
65 |
613,000 -$3,000 / 0% 616,000 |
$595,000 -$5,000 / -1% 600,000 |
97%
97% |
|
2008 Short Hills 2007
|
386
414 |
246
292 |
50
62 |
1,316,000 -$53,000 / -4% 1,369,000 |
1,261,000 -$66,000 / -5% 1,327,000 |
96%
97% |
|
2008 Summit 2007
|
387
349 |
198
222 |
52
55 |
1,019,000 -$166,000 / -15% 1,257,000 |
1,070,000 -$178,000 / -17% 1,248,000 |
98%
99% |
Transactions Reported From
January 1, 2007 – December 31, 2008
Single Family Residential Units Only –
Excludes Condominiums
Teri Danahey
Prudential New Jersey Properties
908-464-5200 x 316
e-Mail: TeriD@PrudentialNewJersey.com
www.NewJerseyBestHomes.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.
