MILLBURN - SHORT HILLS
January 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 PriceList Price at SaleSale Price DOM BedsBaths Style 8 River Lane $650,000 $550,000 $545,000 112 3 1.1 Colonial 42 Cypress St $599,000 $559,000 $515,000 106 3 3.1 Colonial 111A Millburn Ave $569,000 $569,000 $500,000 32 4 2.1 TwnEndUn 30 Southern Slope Dr $595,000 $595,000 $590,000 10 3 1.1 Colonial 1 North Brook Dr $649,900 $649,900 $636,000 37 4 2 CapeCod 110 Hobart Avenue $725,000 $725,000 $736,000 21 3 2 CapeCod 47 Glen Ave $789,000 $789,000 $820,000 13 5 4.1 Colonial 58 Elmwood Pl $889,000 $789,900 $781,100 58 3 2.2 Colonial 9 Winding Way $810,000 $810,000 $853,091 16 4 2.1 Colonial 54 Wellington Ave $889,000 $839,000 $816,000 30 4 3.2 Colonial 35 Robert Dr $875,000 $875,000 $899,000 2 4 3.1 RanchRas 406 Hobart Ave $1,595,000 $1,195,000 $1,150,000 253 5 4.1 Colonial 77 Slope Dr $1,495,000 $1,495,000 $1,250,000 11 4 3.1 RanchExp 29 Winthrop Rd $1,799,000 $1,595,000 $1,595,000 91 6 5.2 Custom 5 N Pond Dr $2,100,000 $1,800,000 $1,634,000 75 4 3.1 RanchExp 10 Garden Ct $2,395,000 $1,850,000 $1,737,500 243 5 4.2 Custom 10 Robbins Ln $3,195,000 $3,195,000 $3,350,000 13 5 6.2 Colonial AVERAGE DAYS ON MARKET: 69 AVERAGE LISTING PRICE$1,915,294 AVERAGE SALE PRICE$941,106 % SALE PRICE / LIST PRICE: 97%
MillburnMillburn-Short Hills Hills Home sale Trends January 2010- January 2011 Average Listing Price Average Sale Price %Sale Price to List Price Ratio Days on Market # of Active Listings # of Closed Listings
Jan.2010
Feb
March
April
May
June
$2,042,940
$1,883,743
$1,438,000
$1,111,818
$1,663,181
$1,345,750
$1,142,545
$1,700,283
$1,088,988
$1,234,907
$1,697,90 1 $1,232,68 5
96%
93%
93%
98%
98%
97%
51
68
90
42
61
57
105
127
154
171
159
165
13
11
14
15
14
41
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan 2011
Average Listing Price Average Sale Price %Sale Price to List Price Ratio Days On Market # of Active Listings
$1,656,367
$1,611,738
$1,696,373
$1,670,012
$1,723,911
$1,786,633
$1,915,294
$1,344,031
$1,263,042
$1,120,043
$827,444
$854,225
$1,180,440
$941,106
95%
98%
98%
96%
98%
96%
96%
48
58
66
54
67
71
69
146
141
141
136
131
102
90
# of Closed Listings
25
25
25
25
8
24
17
Active Listings Avg LP $226,500
New Listings Avg LP $0
Under Contract Avg LP $0
Sold Listings Avg LP $0
2
$649,500
$0
$0
3
$674,106
$673,500
4
$1,125,325
5+ TOWN
# Beds 1
Average
SP/LP
DOM
% 0
0%
$0
0
0%
$756,000
$633,420
61
98%
$1,364,129
$651,950
$941,156
29
94%
$3,062,881
$3,135,500
$1,995,000
$1,325,625
150
98%
$1,915,294
$2,076,090
$873,543
$941,106
69
96%
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)