MILLBURN - SHORT HILLS
February 2011 Home Sales Stats
Data compiled from the GSMLS. Deemed reliable, but not guaranteed. Sue feels that if you are in the market to buy or sell real estate in Short Hills or Millburn, it is important to understand the trends in Active Listings, Days on the Market, and Listing to Sale Price ratio so that you can make an educated decision. Address Original List Price List Price at Sale Sale Price DOM Beds Baths Style 12 B Lakeside Dr $264,500 $232,000 $215,000 275 1 1 OneFloor 670 Ridgewood Rd $439,000 $364,900 $372,900 138 4 2 Bi-Level 26 Whittingham Ter $625,000 $575,000 $546,500 162 4 3.1 Colonial 95 Cypress St $629,900 $599,900 $565,000 108 4 2 Colonial 15 Undercliff Rd $750,000 $750,000 $787,500 43 4 2.1 Tudor 25 Hawthorne Rd $1,315,000 $1,315,000 $1,430,000 115 4 4.1 Tudor 108 Slope Dr $1,395,000 $1,395,000 $1,390,000 8 4 4.1 RanchExp 75 Farley Rd $1,585,000 $1,495,000 $1,430,000 43 4 3.2 Colonial 66 Slope Dr $1,719,000 $1,629,000 $1,525,000 16 5 3.1 Colonial 245 Dale Dr $1,750,000 $1,750,000 $1,596,400 31 4 5.1 Custom 71 Kean Rd $1,795,000 $1,795,000 $1,750,000 0 4 4.1 Custom 33 Birch Ln $2,250,000 $2,250,000 $2,501,000 7 4 4 Contemp 14 Birch Ln $3,795,000 $2,995,000 $2,625,000 291 6 4.2 Colonial AVERAGE DAYS ON MARKET: 95 AVERAGE LISTING PRICE$1,699,789 AVERAGE SALE PRICE$1,287,254 % SALE PRICE / LIST PRICE: 98%
MillburnMillburn-Short Hills Hills Home sale Trends February 2010- February 2011 Average Listing Price Average Sale Price %Sale Price to List Price Ratio Days on Market # of Active Listings # of Closed Listings
Feb.2010
March
April
May
June
July
$1,883,743
$1,438,000
$1,111,818
$1,663,181
$1,656,367
$1,142,545
$1,700,283
$1,088,988
$1,234,907
$1,697,90 1 $1,232,68 5
93%
93%
98%
98%
97%
95%
$1,344,031
68
90
42
61
57
48
127
154
171
159
165
146
11
14
15
14
41
25
Aug.
Sept.
Oct.
Nov.
Dec.
Jan
Feb. 2011
Average Listing Price Average Sale Price %Sale Price to List Price Ratio Days On Market # of Active Listings
$1,611,738
$1,696,373
$1,670,012
$1,723,911
$1,786,633
$1,915,294
$1,699,789
$1,263,042
$1,120,043
$827,444
$854,225
$1,180,440
$941,106
$1,287,254
98%
98%
96%
98%
96%
96%
98%
58
66
54
67
71
69
95
141
141
136
131
102
90
115
# of Closed Listings
25
25
25
8
24
17
12
Active Listings Avg LP $225,667
New Listings Avg LP $0
Under Contract Avg LP $0
Sold Listings Avg LP $215,000
2
$564,450
$359,900
$0
3
$680,255
$747,471
4
$1,165,521
5+ TOWN
# Beds 1
Average
SP/LP
DOM 275
% 93%
$0
0
0%
$774,500
$0
0
0%
$1,128,621
$1,229,000
$1,236,930
66
101%
$2,611,056
$1,679,231
$1,302,143
$2,075,000
154
90%
$1,699,789
$1,221,650
$1,152,176
$1,287,254
95
98%
Susan Adler #1 Keller Williams Agent in NJ 2005-present Cellular: (973) 464-9129 Office: (973) 376-0033 ext 101 Fax: (908) 273-2996 Certified Luxury Home Marketing Specialist (CLHMS)