23 Audubon Court Short Hills, NJ 07078 Efax: 862-345-1572 Ext: 4481
The Jamie Silverman Team The Real Realtors of Livingston
JAMIE SILVERMAN Sales Associate
FRANCES DRAPER
Sales Associate
L UX URY L I VI N G S T O N R EAL EST AT E MAR KET R E P O R T
TAMI BRANDEIS Sales Associate
AUGUST 2022
Office: 973-994-4323 Cell: 973-632-9913
Follow us on: Everything We Touch Turns to SOLD!
jamie.silverman@cbmoves.com www.therealrealtorsoflivingston.com www.LuxuryLivingstonHomes.com
80 LAFAYETTE DRIVE SOLD!
WH AT A
R EA DJ U ST ING MA R KET
List your luxury home with the Jamie Silverman Team today!
M E AN S FOR YOU
Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Record-low mortgage rates, an influx of buyers, sellers waiting to list, and years of under-building created the most unique market. This combination led to recordhigh demand and record-low supply, but wouldn’t be sustainable long term.
Leonardo and Angelica, The real estate market is changing – if you’ve thought about making a change and moving into your next dream home, call us today at 973-632-9913 and let’s discuss your options!
HOME SHOWINGS 2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.
EXISTING HOME SALES Perspective is everything! While headlines are talking about sales declining, the market is on pace to close this year with more sales than 2019 and surpassing 2020.
THE EXPERTS SAY IT BEST “Today’s housing market looks a lot like the 2019 housing market, which was the strongest housing market in a decade at the time.” ~ First American
PREPARED ESPECIALLY FOR LEONARDO AND ANGELICA WASHINGTON Presented by The Jamie Silverman Team THE REAL REALTORS OF LIVINGSTON JAMIE SILVERMAN, FRANCES DRAPER, AND TAMI BRANDEIS YOUR LIVINGSTON REAL ESTATE SPECIALISTS & NEIGHBORS
The #1 Real Estate Agent in Livingston Luxury for Two Straight Years 2020 & 2021* Selling 1 out of 3 homes from $1.5 to $2 million! *As per GSMLS 1/1/2020 – 12/31/2021 for homes sold between $1.5 Million and $2.5 Million.
SCAN THE QR CODE AND FIND YOUR HOME WORTH
THE MARKET ISN’T CRASHING
Provided to you free by the Jamie Silverman Team.
It’s a turning point that’s moving back toward more pre-pandemic levels.
WWW.THEREALREALTORSOFLIVINGSTON.COM
The Jamie Silverman Team The Real Realtors of Livingston
LU X URY LI VI N G STO N
JAMIE SILVERMAN Sales Associate
CU R R ENT MA R KET A CT IV I TY
FRANCES DRAPER Sales Associate
TAMI BRANDEIS
SCAN THE QR CODE AND FIND YOUR HOME WORTH
Sales Associate
Office: 973-994-4323 Cell: 973-632-9913
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If you are curious about what your home’s value is, or would like assistance with listing your home, call us at 973-632-9913 and see how our real estate experience can assist you in today’s market. LUXURY HOMES CURRENTLY LISTED IN LIVINGSTON
jamie.silverman@cbmoves.com www.therealrealtorsoflivingston.com www.LuxuryLivingstonHomes.com
M ID- YEA R REVIEW
Leonardo and Angelica,
L IV IN G S TON LU XU R Y
Status Active Active Active Active Active
Leonardo and Angelica,
Average Sale Price increased
36.9%
since 2021!
Livingston had a fantastic first half of the year, with increases in several key market indicators. The demand for your community is high, with current inventory pointing to a seller’s market. If you are thinking about selling, call me today at 973-632-9913.
1,981,077
$
Baths 4.0 4.2 3.1 6.1 5.1
Year Built 1969 1970 1966 2007 2008
Lot Size 163 x 220 161 x 232 169 x 212 0.574 Acres 150 x 240
List Price $1,500,000 $1,518,000 $1,950,000 $2,450,000 $2,999,900
AVERAGE SOLD PRICE
Status Pending Pending Pending Pending Pending Pending
Street Name Bushkill Drive Canoe Brook Drive Fordham Road Vanderbilt Drive Force Hill Road Force Hill Road
Beds 5 5 4 6 5 5
Baths 7.3 3.1 4.1 5.2 4.1 4.1
Year Built 1967 1985 1961 1979 2021 2022
Lot Size 190 x 230 170 x 235 125 x 200 165 x 232 1.005 Acres 0.743 Acres
List Price $1,499,000 $1,675,000 $1,699,000 $1,975,000 $2,150,000 $2,720,000
Pending Date 02/22/22 07/06/22 06/13/22 05/02/22 03/23/21 02/01/22
Low: $1,320,000 | High: $3,000,000
LUXURY HOMES RECENTLY SOLD IN LIVINGSTON
36.9% Increase over 2021
97.9
Data based on listings from GSMLS from January 1st to June 30th, 2021 and 2022. Information deemed accurate but not guaranteed.
Beds 5 6 4 7 6
LUXURY HOMES CURRENTLY UNDER CONTRACT IN LIVINGSTON
%
Now is a great time to consider listing your home and taking advantage of the upward trends while they last!
Street Name Goodhart Drive Fordham Road Hastings Lane Lafayette Drive Camelot Drive
AVERAGE SOLD PRICE/ LIST PRICE RATIO
Low: 83.7% | High: 105.2% 0.4% Increase over 2021
332
$
AVERAGE PRICE PER SQUARE FOOT
Status Sold Sold Sold Sold Sold Sold
Address 80 Lafayette Drive 5 Brayton Road 72 Force Hill Road 22 Lockhern Drive 3 Hemshire Drive 5 Goodhart Drive
Beds 5 5 6 6 5 7
Baths Year Built 5.1 2016 4.1 2001 6.1 2017 4.1 1987 3.2 1959 7.2 1970
Lot Size 0.695 Acres 0.83 Acres 0.574 Acres 147 x 230 150 x 275 170 x 240
Sold Price $2,425,000 $2,150,000 $3,000,000 $1,600,000 $1,510,000 $1,320,000
Sold Date 06/30/22 06/29/22 06/02/22 05/18/22 05/04/22 04/14/22
SP/LP 97.2% 100.0% 100.0% 100.1% 100.7% 101.9%
Jamie Silverman, Frances Draper, Tami Brandeis, and Coldwell Banker are in no way affiliated with Livingston Home Owners Association, nor is this in any way an official advertisement or publication of Livingston. © 2022 Coldwell Banker All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Garden State MLS (GSMLS) as of July 7th, 2022. Listings and sales may not be those of Coldwell Banker. GSMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.
Low: $216 | High: $441 15.1% Decrease from 2021
8
AVERAGE DAYS ON MARKET
Low: 0 | High: 29 Reduced by 48 days from 2021
JAMIE SILVERMAN NOW LICENSED IN FLORIDA Looking to move or sell your home in Miami or South Beach? Contact me!
973-632-9913
jamie.silverman@cbmoves.com