MILLBURN - SHORT HILLS
March 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 28B Lakeside Drive $223,000 $219,000 $208,000 118 1 1 OneFloor 130 Myrtle Ave $359,000 $319,000 $245,000 147 1 1 FixrUppr 29 Rosedale Ave $499,900 $499,900 $475,000 13 4 2 Bungalow 111B Millburn Ave $569,000 $529,000 $500,000 153 4 2.1 TwnEndUn 70 Meadowbrook Rd $775,000 $735,000 $720,000 70 3 2.1 Colonial 165 Hobart Ave $777,000 $777,000 $760,000 9 3 3 SplitLev 513 Wyoming Ave $809,000 $809,000 $820,000 12 4 2.1 Colonial 154 Myrtle Ave $880,000 $880,000 $850,000 69 3 3 Custom 82 West Rd $1,175,000 $1,175,000 $1,120,000 25 6 3.1 Tudor 2 Tall Pine Ln $1,395,000 $1,395,000 $1,315,000 0 6 4.1 Colonial 340 Oxford Dr $1,695,000 $1,518,000 $1,508,000 52 4 3.1 Colonial 5 Oswego Ln $1,795,000 $1,795,000 $1,729,900 64 6 5 RanchExp 180 White Oak Ridge Rd $2,300,000 $1,995,000 $1,785,000 137 5 6.1 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 March 2010- March 2011 Average Listing Price Average Sale Price %Sale Price to List Price Ratio Days on Market # of Active Listings # of Closed Listings
Mar.2010
April
May
June
July
Aug.
$1,438,000
$1,111,818
$1,663,181
$1,656,367
$1,700,283
$1,088,988
$1,234,907
$1,697,90 1 $1,232,68 5
$1,611,73 8 $1,263,04 2
93%
98%
98%
97%
95%
$1,344,031
98%
90
42
61
57
48
58
154
171
159
165
146
141
14
15
14
41
25
25
Sept.
Oct.
Nov.
Dec.
Jan
Feb.
Mar.1011
Average Listing Price Average Sale Price %Sale Price to List Price Ratio Days On Market # of Active Listings
$1,696,373
$1,670,012
$1,723,911
$1,786,633
$1,915,294
$1,699,789
$1,573,287
$1,120,043
$827,444
$854,225
$1,180,440
$941,106
$1,287,254
$854,242
98%
96%
98%
96%
96%
98%
96%
66
54
67
71
69
95
61
141
136
131
102
90
115
158
# of Closed Listings
25
25
8
24
17
12
13
Active Listings Avg LP $225,667
New Listings Avg LP $0
Under Contract Avg LP $219,000
Sold Listings Avg LP $226,500
2
$485,967
$329,000
$0
3
$644,455
$625,053
4
$1,125,973
5+ TOWN
# Beds 1
Average
SP/LP
DOM 133
% 84%
$0
0
0%
$722,983
$776,667
49
97%
$1,108,720
$953,200
$825,750
58
98%
$2,685,678
$2,117,389
$1,869,308
$1,388,300
30
95%
$1,573,287
$1,243,160
$1,233,026
$854,242
61
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)