Turpin Realtors 2019 Annual Market Report

W W W. T U R P I N R E A LT O R S . C O M / R E P O R T S

ANN UA L MAR KET R EPO RT 2019

ANNUAL MARKET REPORT 2019

About the Data • • • • •

This study includes all residential home sales in the towns indicated, as reported by Garden State Multiple Listing Service LLC (GSMLS), including condominiums and townhomes. Does not include land sales, commercial sales, rentals, or off-market transactions.

Year to Date “Overview” sales data is as​​reported​​to GSMLS on 1/8/20. Source: TrendGraphix.

When considering Supply and Demand, it is generally accepted that a supply of six months represents a balanced market. Below six months tends to be a seller’s market, with prices rising, and above six months generally indicates a buyer’s market with downward pressure on pricing.

Average Sales per month is calculated on the number of sales for the current year.

The relatively tiny amount of transaction data in some categories can lead to wild swings that do not necessarily point to a trend in one direction or another.

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

COMMENTARY ANNUAL MARKET REPORT 2019 In the face of seemingly endless reports of high buyer demand in countless hot markets across the country, north central New Jersey largely held its own in 2019. Most of the towns we study performed well in the fourth quarter, which is an encouraging trend. Still, in many towns that late run was not enough to make up for losses from a lackluster spring market: Peapack-Gladstone, Madison, Summit and Bernards Township all had stellar fourth quarters but still ended the year with fewer sales overall than in 2018. Nevertheless, fourth quarter improvement in our market was wide-ranging, and should bode well for a decent start to 2020.

On the eastern side of our market, Chatham Borough and Township, Madison and Summit all continued the cooling trend evident throughout the year. While each of these towns particularly suffered in the $1-2 million range, both Chatham Township and Borough remained solid in the $2+ million range. One might be inclined to point to low inventory as the culprit for any declines, but further to the east Maplewood and Westfield managed to remain solid with an equally tight supply of listings. Also in this neck of the woods, Berkeley Heights had an outstanding fourth quarter, with a 70% increase in unit sales. Florham Park had a very strong year with sizable gains across the board, particularly in the $1-2 million range, and achieved the highest increase in total dollar volume at nearly 25%. New Providence posted a similar performance with strong gains in volume and more than double the unit sales in the $1-2 million range.

Moving west, sales in Harding Township above $2 million dropped by 50% year-over-year, indicating that this price range is likely to experience further corrections in value. Harding sales in the $1-$2 million range held steady and under $1 million saw a slight uptick. Mendham Borough had a strong fourth quarter and though Mendham Township declined for the year, it was one of the few towns to experience a gain in unit sales in the $1-2 million segment.

In the Somerset Hills, Bedminster and Far Hills had a strong year overall despite a weak fourth quarter. Conversely, Peapack Gladstone had a very strong final quarter, but it was not sufficient to push into positive territory for the year. Here, a precipitous drop in sales between $1-2 million is notable, but was offset by an increase in sales under $1 million. Bernardsville held its own in 2019, with unit sales exactly the same as the prior year.

More rural Tewksbury Township continued its rebound to end the year 14% ahead of 2018 with pronounced improvement in the $1-2 million range. Clinton Township also saw more sales in that price range, though it ended the year just slightly down from the prior year. Meanwhile, the Town of Clinton experienced a significant decrease in sales. Nearby Lebanon Borough saw sales skyrocket almost 60% year over year.

If there is any constant in our regional real estate market, it’s variability — from one town to the next and across price segments. An experienced real estate professional can help you assess the particulars relative to your unique circumstances. I hope you will not hesitate to call on one of the fine agents at Turpin Realtors for expert advice and diligent service.

John Turpin, President www.TurpinRealtors.com/Reports © 2020 Turpin Realtors

Source: GSMLS 1/8/20 & Trendgraphix

CONTENTS

ANNUAL MARKET REPORT 2019

Bedminster Berkeley Heights Bernards Twp. Bernardsville Bridgewater Twp. Califon Chatham Boro Chatham Twp. Chester Boro Chester Twp. Clinton Town Clinton Twp.

Far Hills Florham Park Harding Twp. Lebanon Boro Lebanon Twp. Long Hill Twp. Madison Maplewood Mendham Boro Mendham Twp. Millburn Morris Plains

Morris Twp. Morristown New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield

Pictured clockwise from top left: 65 N. Loantaka Ln., Chatham Twp., NJ; 15 Chatham St., Chatham Boro NJ; 200 Lees Hill Rd., Harding Twp. NJ. Cover: 10 Fieldview Ln, Tewksbury Twp., NJ

BEDMINSTER ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

% CHANGE

YTD 2019

YTD 2018

197 12.7%

HOMES SOLD

46

51 -9.8%

222

TOTAL DOLLAR VOLUME

$17,427,300

$24,620,048 -29.2%

$101,662,104 $83,618,304 21.6%

MEDIAN SALE PRICE

$327,500

$340,000 -3.7%

$335,000

$330,000 1.5%

AVERAGE SALE PRICE

$378,854

$482,746 -21.5%

$457,936

$424,458 7.9%

AVERAGE DAYS ON MARKET

42

55 -23.6%

58

52 11.9%

% SALES PRICE TO LIST PRICE

95.8%

96.4% -0.7%

94.1%

96.8% -2.8%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

9.9%

YTD

2018

1 0

% CHANGE

YTD

2019

YTD

2018

% CHANGE

ç

6 4

YTD

2019

$3,000,000 AND UP

ç

ç

ç

211 192

YTD

2018

$2,000,000-$2,999,999

4 1

50.0%

300.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

42 17.58 2.39

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 0.50 14.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

5 0.08 60.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.33 9.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

BERKELEY HEIGHTS ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

% CHANGE

YTD 2019

YTD 2018

156 19.2%

HOMES SOLD

46

27 70.4%

186

TOTAL DOLLAR VOLUME

$26,757,084

$15,793,400 69.4%

$112,536,856 $96,108,696 17.1%

MEDIAN SALE PRICE

$554,500

$560,000 -1.0%

$576,000

$595,000 -3.2%

AVERAGE SALE PRICE

$581,675

$584,940 -0.6%

$605,036

$616,081 -1.8%

AVERAGE DAYS ON MARKET

63

39 61.5%

61

46 32.0%

% SALES PRICE TO LIST PRICE

96.1%

99.0% -2.9%

97.2%

98.4% -1.2%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

ç

ç

178 147

YTD

2018

8 9

21.1%

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

11.1%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

36 14.83 2.43

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.67 3.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

BERNARDS TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

119 90 32.2%

459

460 -0.2%

TOTAL DOLLAR VOLUME

$76,399,552

$52,129,400 46.6%

$285,667,264

$306,532,160 -6.8%

MEDIAN SALE PRICE

$599,000

$520,000 15.2%

$580,000

$623,000 -6.9%

AVERAGE SALE PRICE

$642,013

$579,215 10.8%

$622,368

$666,374 -6.6%

AVERAGE DAYS ON MARKET

65

64 1.6%

62

51 21.6%

% SALES PRICE TO LIST PRICE

96.6%

96.1% 0.4%

96.7%

97.5% -0.9%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

53 63

YTD

2019

YTD

2018

1 3

15.9%

2.8%

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

ç

405 394

YTD

2018

$2,000,000-$2,999,999

YTD

2018

% CHANGE

0 0

NC

66.7%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

73 33.75 2.16

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 4.42 2.94

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.08 12.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

∞

0 0.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

BERNARDSVILLE ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

25

25 0.0%

103

103 0.0%

TOTAL DOLLAR VOLUME

$17,367,876

$18,362,500 -5.4%

$76,881,880

$78,918,872 -2.6%

MEDIAN SALE PRICE

$637,000

$535,000 19.1%

$619,000

$640,000 -3.3%

AVERAGE SALE PRICE

$694,715

$734,500 -5.4%

$746,426

$766,202 -2.6%

AVERAGE DAYS ON MARKET

110 79 39.2%

78

79 -1.3%

% SALES PRICE TO LIST PRICE

95.3%

94.2%

94.3% 0.0%

94.2% 1.2%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

% CHANGE

14 15

0.0%

YTD

2019

YTD

2018

3 2

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

NC

85 85

YTD

2018

$2,000,000-$2,999,999

% CHANGE NC

1 1

50.0%

6.7%

YTD

2018

0.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

44 7.08 6.21

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

22 1.17 18.86

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

6 0.25 24.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.08 48.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

BRIDGEWATER TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

139

119 16.8%

575

579 -0.7%

TOTAL DOLLAR VOLUME

$66,616,732

$55,661,504 19.7%

$278,498,902

$276,526,709 0.7%

MEDIAN SALE PRICE

$447,500

$439,000 1.9%

$450,000

$445,000 1.1%

AVERAGE SALE PRICE

$479,257

$467,743 2.5%

$484,346

$477,594 1.4%

AVERAGE DAYS ON MARKET

52

55 -5.5%

53

56 -5.4%

% SALES PRICE TO LIST PRICE

98.0%

98.5% -0.5%

98.0%

98.2% -0.2%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

ç

563 567

YTD

2018

% CHANGE NC

12 12

0.7%

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

0.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

96 46.92 2.05

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 1.00 6.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

CALIFON ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

1

4 -75.0%

9

13 -30.8%

TOTAL DOLLAR VOLUME

$629,000

$1,152,500 -45.4%

$3,231,034

$4,172,000 -22.6%

MEDIAN SALE PRICE

$629,000

$291,500 115.8%

$359,900

$319,000 12.8%

AVERAGE SALE PRICE

$629,000

$288,125 118.3%

$359,003

$320,923 11.9%

AVERAGE DAYS ON MARKET

184 66 178.8%

99

79 25.3%

% SALES PRICE TO LIST PRICE

98.4%

97.5%

98.6% -1.2%

98.5% -0.1%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

ç

9 13

YTD

2018

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

30.8%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 0.75 14.67

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

CHATHAM BORO ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

20

24 -16.7%

116

129 -10.1%

TOTAL DOLLAR VOLUME

$15,893,000

$20,996,748 -24.3%

$102,435,551

$116,591,240 -12.1%

MEDIAN SALE PRICE

$741,000

$832,500 -11.0%

$800,000

$830,000 -3.6%

AVERAGE SALE PRICE

$794,650

$874,864 -9.2%

$883,064

$903,808 -2.3%

AVERAGE DAYS ON MARKET

58

52 11.5%

52

47 11.3%

% SALES PRICE TO LIST PRICE

96.1%

96.5% -0.4%

97.4%

98.5% -1.1%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

33 37

YTD

2019

YTD

2018

1 0

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

ç

82 92

YTD

2018

$2,000,000-$2,999,999

YTD

2018

% CHANGE

0 0

NC

10.8%

10.9%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 6.83 1.46

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 2.75 3.64

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.08 12.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

CHATHAM TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

34

33 3.0%

173

178 -2.8%

TOTAL DOLLAR VOLUME

$36,732,900

$36,228,376 1.4%

$188,554,984

$194,590,800 -3.1%

MEDIAN SALE PRICE

$781,500

$960,000 -18.6%

$925,000

$1,028,750 -10.1%

AVERAGE SALE PRICE

$1,080,379

$1,097,829 -1.6%

$1,089,913

$1,093,206 -0.3%

AVERAGE DAYS ON MARKET

55

58 -5.2%

58

45 28.8%

% SALES PRICE TO LIST PRICE

96.4%

97.9% -1.5%

96.5%

98.4% -1.9%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

58 71

YTD

2019

YTD

2018

21 18

18.3%

5.7%

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

ç

93 88

YTD

2018

$2,000,000-$2,999,999

YTD

2018

% CHANGE NC

1 1

0.0%

16.7%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 7.75 2.19

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 4.83 4.14

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

7 1.75 4.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.08 0.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

CHESTER BORO ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

6

3 100.0%

24

23 4.3%

TOTAL DOLLAR VOLUME

$2,514,500

$1,483,000 69.6%

$12,950,900

$12,767,000 1.4%

MEDIAN SALE PRICE

$392,250

$479,000 -18.1%

$537,500

$575,000 -6.5%

AVERAGE SALE PRICE

$419,083

$494,333 -15.2%

$539,621

$555,086 -2.8%

AVERAGE DAYS ON MARKET

69

36 91.7%

79

82 -3.9%

% SALES PRICE TO LIST PRICE

97.4%

98.7% -1.2%

97.4%

97.4% 0.0%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

ç

24 23

YTD

2018

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

4.3%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

16 2.00 8.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

CHESTER TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

26

28 -7.1%

116

124 -6.5%

TOTAL DOLLAR VOLUME

$16,143,500

$19,155,400 -15.7%

$78,122,200

$83,038,592 -5.9%

MEDIAN SALE PRICE

$552,500

$609,500 -9.4%

$646,000

$619,703 4.2%

AVERAGE SALE PRICE

$620,903

$684,121 -9.2%

$673,467

$669,666 0.6%

AVERAGE DAYS ON MARKET

147 81 81.5%

87

77 13.0%

% SALES PRICE TO LIST PRICE

96.0%

96.4%

97.1% -0.8%

96.9% -0.9%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

ç

ç

108 111

YTD

2018

8 13

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

38.5%

2.7%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

55 9.00 6.11

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 0.67 12.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

3 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

CLINTON TOWN ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

7

11 -36.4%

36

53 -32.1%

TOTAL DOLLAR VOLUME

$2,343,000

$3,905,711 -40.0%

$12,129,500

$17,645,912 -31.3%

MEDIAN SALE PRICE

$375,000

$355,000 5.6%

$350,000

$330,000 6.1%

AVERAGE SALE PRICE

$334,714

$355,064 -5.7%

$336,930

$332,941 1.2%

AVERAGE DAYS ON MARKET

45

76 -40.8%

62

61 2.0%

% SALES PRICE TO LIST PRICE

99.1%

97.8% 1.3%

97.7%

97.8% -0.1%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

ç

36 53

YTD

2018

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

32.1%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 3.00 3.33

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

CLINTON TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

43

55 -21.8%

188

195 -3.6%

TOTAL DOLLAR VOLUME

$19,432,200

$22,229,764 -12.6%

$82,779,992

$78,350,656 5.7%

MEDIAN SALE PRICE

$380,000

$411,500 -7.7%

$427,500

$405,000 5.6%

AVERAGE SALE PRICE

$451,911

$404,177 11.8%

$440,319

$401,798 9.6%

AVERAGE DAYS ON MARKET

91

68 33.8%

65

73 -11.5%

% SALES PRICE TO LIST PRICE

97.1%

97.1% 0.0%

97.3%

97.4% -0.1%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

% CHANGE

ç

ç

186 195

YTD

2018

2 0

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

4.6%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

56 15.50 3.61

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.17 0.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

FAR HILLS ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

% CHANGE

YTD 2018

YTD 2019

HOMES SOLD

2

5 -60.0%

16 9 77.8%

TOTAL DOLLAR VOLUME

$2,453,000

$5,406,000 -54.6%

$18,057,926 $8,787,600 105.5%

MEDIAN SALE PRICE

$1,226,500 $795,000 54.3%

$732,500

AVERAGE SALE PRICE

$1,226,500

$1,081,200 13.4%

$1,128,620 $976,400 15.6%

AVERAGE DAYS ON MARKET

91

231 -60.6%

103

157 -34.4%

% SALES PRICE TO LIST PRICE

78.0%

85.3% -8.5%

91.6%

88.0% 4.1%

$795,000 -7.9%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

% CHANGE

3 2

YTD

2019

YTD

2018

1 1

50.0%

83.3%

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

1 0

ç

ç

ç

11 6

YTD

2018

$2,000,000-$2,999,999

0.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 0.92 6.55

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.25 8.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.08 12.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.08 12.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

FLORHAM PARK ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

13 61.5%

% CHANGE

YTD 2018

YTD 2019

HOMES SOLD

21

TOTAL DOLLAR VOLUME

$14,967,399 $9,546,700 56.8%

$84,913,616

$68,096,952 24.7%

MEDIAN SALE PRICE

$606,000

$770,000 -21.3%

$625,000

$647,850 -3.5%

AVERAGE SALE PRICE

$712,733

$734,361 -2.9%

$758,156

$702,030 8.0%

AVERAGE DAYS ON MARKET

35

46 -23.9%

54

63 -13.8%

% SALES PRICE TO LIST PRICE

98.3%

96.5% 1.9%

97.3%

97.7% -0.4%

112 97 15.5%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

20 11

YTD

2019

YTD

2018

1 0

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

ç

91 86

YTD

2018

$2,000,000-$2,999,999

YTD

2018

% CHANGE

0 0

NC

81.8%

5.8%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

16 7.58 2.11

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 1.67 5.40

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.08 12.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

HARDING TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

13

16 -18.8%

42

47 -10.6%

TOTAL DOLLAR VOLUME

$16,606,000

$27,952,000 -40.6%

$53,820,500

$71,792,888 -25.0%

MEDIAN SALE PRICE

$1,200,000

$1,062,500 12.9%

$972,500

$1,200,000 -19.0%

AVERAGE SALE PRICE

$1,277,384

$1,747,000 -26.9%

$1,281,439

$1,527,508 -16.1%

AVERAGE DAYS ON MARKET

86

91 -5.5%

127 95 33.7%

% SALES PRICE TO LIST PRICE

91.1%

91.3% -0.2%

90.9%

87.9% 3.3%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

% CHANGE

9.5%

YTD

2018

5 8

0.0%

% CHANGE

YTD

2019

YTD

2018

% CHANGE

ç

NC

12 12

YTD

2019

$3,000,000 AND UP

ç

ç

23 21

YTD

2018

$2,000,000-$2,999,999

2 6

-66.7%

-37.5%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 1.92 4.70

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 1.00 13.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

6 0.42 14.40

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 0.17 36.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

LEBANON BORO ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

3 100.0%

% CHANGE

YTD 2019

YTD 2018

30

19 57.9%

HOMES SOLD

6

TOTAL DOLLAR VOLUME

$1,703,400 $963,900 76.7%

$7,596,800

$5,190,838 46.4%

MEDIAN SALE PRICE

$278,950

$355,000 -21.4%

$268,700

$284,000 -5.4%

AVERAGE SALE PRICE

$283,900

$321,300 -11.6%

$253,226

$273,202 -7.3%

AVERAGE DAYS ON MARKET

36

61 -41.0%

51

66 -22.7%

% SALES PRICE TO LIST PRICE

96.7%

98.2% -1.5%

98.2%

97.7% 0.6%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

ç

30 19

$2,000,000-$2,999,999

% CHANGE

YTD

2018

YTD

2019

NC

0 0

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

57.9%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 2.50 1.60

INVENTORY

0

AVG SALES PER MONTH

MONTH’S SUPPLY

0.00

N/A

$2,000,000-$2,999,999 INVENTORY

0

AVG SALES PER MONTH

0.00

$3,000,000 AND UP

MONTH’S SUPPLY

N/A

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

LEBANON TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

20

17 17.6%

64

79 -19.0%

TOTAL DOLLAR VOLUME

$7,198,273

$6,667,900 8.0%

$21,736,960

$31,830,468 -31.7%

MEDIAN SALE PRICE

$297,000

$375,000 -20.8%

$313,000

$399,900 -21.7%

AVERAGE SALE PRICE

$359,913

$392,229 -8.2%

$339,640

$402,917 -15.7%

AVERAGE DAYS ON MARKET

94

73 28.8%

74

76 -2.6%

% SALES PRICE TO LIST PRICE

98.6%

96.5% 2.2%

98.1%

98.0% 0.1%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

ç

64 79

YTD

2018

$2,000,000-$2,999,999

% CHANGE

YTD

2019

NC

0 0

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

19.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

25 5.33 4.69

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

∞

1 0.00

$2,000,000-$2,999,999 INVENTORY

0

AVG SALES PER MONTH

0.00

$3,000,000 AND UP

MONTH’S SUPPLY

N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

LONG HILL TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

27

20 35.0%

111

109 1.8%

TOTAL DOLLAR VOLUME

$12,792,400 $9,266,513 38.0%

$56,623,232

$57,309,464 -1.2%

MEDIAN SALE PRICE

$490,000

$430,000 14.0%

$470,000

$490,000 -4.1%

AVERAGE SALE PRICE

$473,792

$463,325 2.3%

$510,118

$525,774 -3.0%

AVERAGE DAYS ON MARKET

66

68 -2.9%

61

62 -1.6%

% SALES PRICE TO LIST PRICE

95.7%

97.0% -1.4%

96.3%

98.0% -1.8%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

ç

NC

109 109

YTD

2018

2 0

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

0.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

33 9.08 3.63

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.17 0.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

MADISON ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

47

40 17.5%

161

197 -18.3%

TOTAL DOLLAR VOLUME

$39,330,176

$36,168,500 8.7%

$140,361,584

$174,874,752 -19.7%

MEDIAN SALE PRICE

$715,000

$862,000 -17.1%

$769,000

$776,000 -0.9%

AVERAGE SALE PRICE

$836,812

$904,212 -7.5%

$871,811

$887,689 -1.8%

AVERAGE DAYS ON MARKET

80

51 56.9%

66

44 50.0%

% SALES PRICE TO LIST PRICE

97.6%

97.5% 0.2%

97.3%

97.9% -0.7%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2018

% CHANGE

YTD

2019

YTD

2018

0 3

26.8%

13.1%

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

41 56

ç

119 137

YTD

2019

$2,000,000-$2,999,999

YTD

2018

% CHANGE

1 1

100.0%

NC

0.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 9.92 2.02

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 3.42 3.80

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

5 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.08 0.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

MAPLEWOOD ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

80

67 19.4%

390

353 10.5%

TOTAL DOLLAR VOLUME

$47,246,276

$39,109,952 20.8%

$233,947,128

$215,714,432 8.5%

MEDIAN SALE PRICE

$590,000

$584,000 1.0%

$584,500

$600,000 -2.6%

AVERAGE SALE PRICE

$590,578

$583,730 1.2%

$599,864

$611,089 -1.8%

AVERAGE DAYS ON MARKET

35

35 0.0%

37

30 24.7%

% SALES PRICE TO LIST PRICE

99.2%

100.7% -1.5%

100.7%

102.4% -1.6%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

ç

365 328

YTD

2018

% CHANGE NC

25 25

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

0.0%

11.3%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

43 30.42 1.41

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 2.08 0.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

1 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

MENDHAM BORO ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

29

21 38.1%

93

88 5.7%

TOTAL DOLLAR VOLUME

$18,774,700

$11,932,900 57.3%

$61,648,300

$62,529,748 -1.4%

MEDIAN SALE PRICE

$615,000

$550,000 11.8%

$605,000

$607,500 -0.4%

AVERAGE SALE PRICE

$647,403

$568,233 13.9%

$662,885

$710,565 -6.7%

AVERAGE DAYS ON MARKET

93

109 -14.7%

80

87 -8.0%

% SALES PRICE TO LIST PRICE

95.5%

95.9% -0.4%

95.5%

93.5% 2.1%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

% CHANGE

YTD

2018

0 1

YTD

2019

YTD

2018

% CHANGE

0 1

100.0%

30.0%

13.2%

% CHANGE

ç

7 10

YTD

2019

$3,000,000 AND UP

ç

ç

ç

86 76

YTD

2018

$2,000,000-$2,999,999

100.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 7.17 2.65

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.58 6.86

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

3 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

MENDHAM TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

27

27 0.0%

96

108 -11.1%

TOTAL DOLLAR VOLUME

$22,946,500

$20,913,472 9.7%

$85,222,608

$93,811,768 -9.2%

MEDIAN SALE PRICE

$750,000

$710,000 5.6%

$806,250

$778,500 3.6%

AVERAGE SALE PRICE

$849,870

$774,573 9.7%

$887,736

$868,627 2.2%

AVERAGE DAYS ON MARKET

77

102 -24.5%

70

109 -35.9%

% SALES PRICE TO LIST PRICE

94.7%

94.1% 0.7%

95.3%

93.5% 1.9%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

25 20

YTD

2019

YTD

2018

2 2

25.0%

18.8%

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

ç

ç

ç

69 85

YTD

2018

$2,000,000-$2,999,999

0 1

0.0%

100%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

34 5.75 5.91

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

18 2.08 8.64

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 0.17 12.00

INVENTORY

AVG SALES PER MONTH

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

MILLBURN ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

53

55 -3.6%

296

270 9.6%

TOTAL DOLLAR VOLUME

$66,611,244

$62,759,188 6.1%

$381,963,058

$370,325,152 3.1%

MEDIAN SALE PRICE

$1,050,000

$1,087,500 -3.4%

$1,129,000

$1,180,000 -4.3%

AVERAGE SALE PRICE

$1,256,815

$1,141,076 10.1%

$1,290,415

$1,371,574 -5.9%

AVERAGE DAYS ON MARKET

63

55 14.5%

58

53 9.5%

% SALES PRICE TO LIST PRICE

95.7%

95.4% 0.3%

96.0%

96.2% -0.2%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

130 133

YTD

2019

YTD

2018

28 28

2.3%

28.0%

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

ç

ç

ç

128 100

YTD

2018

$2,000,000-$2,999,999

10 9

11.1%

0.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

25 10.67 2.34

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

34 10.83 3.14

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

19 2.33 8.14

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 0.83 9.60

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

MORRIS PLAINS ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

23

17 35.3%

92

95 -3.2%

TOTAL DOLLAR VOLUME

$11,713,500 $7,774,500 50.7%

$45,295,716

$46,521,200 -2.6%

MEDIAN SALE PRICE

$522,500

$435,000 20.1%

$515,000

$480,000 7.3%

AVERAGE SALE PRICE

$509,282

$457,323 11.4%

$492,344

$489,696 0.5%

AVERAGE DAYS ON MARKET

31

56 -44.6%

33

38 -13.3%

% SALES PRICE TO LIST PRICE

98.9%

98.4% 0.5%

99.2%

99.4% -0.2%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

ç

92 95

$2,000,000-$2,999,999

% CHANGE

YTD

2018

YTD

2019

NC

0 0

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

3.2%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 7.67 1.30

INVENTORY

0

AVG SALES PER MONTH

MONTH’S SUPPLY

0.00

N/A

$2,000,000-$2,999,999 INVENTORY

0

AVG SALES PER MONTH

0.00

$3,000,000 AND UP

MONTH’S SUPPLY

N/A

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

MORRIS TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

89

82 8.5%

340

347 -2.0%

TOTAL DOLLAR VOLUME

$51,885,396

$50,191,652 3.4%

$211,432,072

$213,079,760 -0.8%

MEDIAN SALE PRICE

$572,000

$555,750 2.9%

$594,750

$555,000 7.2%

AVERAGE SALE PRICE

$582,982

$612,093 -4.8%

$621,859

$614,062 1.3%

AVERAGE DAYS ON MARKET

50

65 -23.1%

54

55 -2.7%

% SALES PRICE TO LIST PRICE

97.5%

96.0% 1.6%

97.3%

97.5% -0.2%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

16 17

0.9%

YTD

2019

YTD

2018

1 4

5.9%

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

ç

323 326

YTD

2018

$2,000,000-$2,999,999

YTD

2018

% CHANGE

0 0

NC

75.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

59 26.92 2.19

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 1.33 9.75

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 0.08 36.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

MORRISTOWN ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

47

45 4.4%

167

150 11.3%

TOTAL DOLLAR VOLUME

$22,454,400

$24,608,400 -8.8%

$82,244,100

$74,848,112 9.9%

MEDIAN SALE PRICE

$470,000

$475,000 -1.1%

$461,000

$442,500 4.2%

AVERAGE SALE PRICE

$477,753

$546,853 -12.6%

$492,480

$498,987 -1.3%

AVERAGE DAYS ON MARKET

64

56 14.3%

51

40 28.4%

% SALES PRICE TO LIST PRICE

97.9%

97.9% 0.0%

97.9%

99.1% -1.3%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

YTD

2019

YTD

2018

1 0

% CHANGE

YTD

2019

ç

4 7

ç

ç

162 143

YTD

2018

$3,000,000 AND UP

$2,000,000-$2,999,999

YTD

2018

% CHANGE

0 0

NC

42.9%

13.3%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

27 13.50 2.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 0.33 15.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.08 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Source: GSMLS 1/8/20 & Trendgraphix

NEW PROVIDENCE ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

% CHANGE

YTD 2019

YTD 2018

153 11.8%

HOMES SOLD

52

44 18.2%

171

TOTAL DOLLAR VOLUME

$31,141,162

$24,904,000 25.0%

$102,741,744 $94,419,384 8.8%

MEDIAN SALE PRICE

$574,500

$545,000 5.4%

$579,000

$600,000 -3.5%

AVERAGE SALE PRICE

$598,868

$566,000 5.8%

$600,828

$617,120 -2.6%

AVERAGE DAYS ON MARKET

49

49 0.0%

46

44 4.5%

% SALES PRICE TO LIST PRICE

98.4%

97.4% 1.1%

98.2%

98.2% 0.0%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

ç

ç

164 150

YTD

2018

7 3

9.3%

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

133.3%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

31 13.67 2.27

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.58 6.86

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

PEAPACK-GLADSTONE ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

8

2 300.0%

29

31 -6.5%

TOTAL DOLLAR VOLUME

$11,104,000 $1,905,100 482.9%

$25,935,000

$27,252,300 -4.8%

MEDIAN SALE PRICE

$812,500

$775,000

$839,500 -7.7%

AVERAGE SALE PRICE

$1,388,000 $952,550 45.7%

$894,310

$879,106 1.7%

AVERAGE DAYS ON MARKET

98

29 237.9%

85

97 -12.4%

% SALES PRICE TO LIST PRICE

84.0%

91.7% -8.4%

90.7%

90.7% 0.0%

$952,550 -14.7%

Sales by Price $0-$999,999 YTD

2019

YTD

2018

$1,000,000-$1,999,999

% CHANGE

YTD

2019

% CHANGE

1 10

YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

1 0

ç

ç

ç

27 21

YTD

2018

$2,000,000-$2,999,999

90.0%

28.6%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 2.25 5.33

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.08 36.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

1 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.08 12.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

RANDOLPH TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

82

77 6.5%

327

312 4.8%

TOTAL DOLLAR VOLUME

$42,461,848

$41,813,172 1.6%

$171,638,208

$167,496,000 2.5%

MEDIAN SALE PRICE

$495,000

$482,500 2.6%

$515,000

$520,000 -1.0%

AVERAGE SALE PRICE

$517,827

$543,028 -4.6%

$524,886

$536,846 -2.2%

AVERAGE DAYS ON MARKET

78

65 20.0%

58

53 9.2%

% SALES PRICE TO LIST PRICE

97.3%

97.3% 0.0%

97.6%

97.9% -0.3%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

ç

323 308

YTD

2018

% CHANGE NC

4 4

4.9%

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

0.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

55 26.92 2.04

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.33 6.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

READINGTON TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

% CHANGE

YTD 2019

YTD 2018

235 -1.7%

HOMES SOLD

53

37 43.2%

231

TOTAL DOLLAR VOLUME

$22,772,578

$15,546,091 46.5%

$100,998,900 $97,111,736 4.0%

MEDIAN SALE PRICE

$437,000

$450,000 -2.9%

$444,999

$400,000 11.2%

AVERAGE SALE PRICE

$429,671

$420,164 2.3%

$437,224

$413,241 5.8%

AVERAGE DAYS ON MARKET

85

81 4.9%

70

61 14.3%

% SALES PRICE TO LIST PRICE

98.2%

96.9% 1.3%

97.6%

97.4% 0.1%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

ç

231 235

YTD

2018

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

1.7%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

68 19.25 3.53

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

SUMMIT ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

64

53 20.8%

252

282 -10.6%

TOTAL DOLLAR VOLUME

$60,514,884

$50,655,600 19.5%

$264,440,180

$322,641,632 -18.0%

MEDIAN SALE PRICE

$842,500

$855,000 -1.5%

$924,500

$975,350 -5.2%

AVERAGE SALE PRICE

$945,545

$955,766 -1.1%

$1,049,365

$1,144,119 -8.3%

AVERAGE DAYS ON MARKET

49

52 -5.8%

49

45 8.0%

% SALES PRICE TO LIST PRICE

96.8%

97.2% -0.4%

96.9%

97.5% -0.6%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

YTD

2018

13 22

20.4%

2.7%

% CHANGE

YTD

2019

YTD

2018

% CHANGE

ç

86 108

YTD

2019

$3,000,000 AND UP

ç

ç

ç

150 146

YTD

2018

$2,000,000-$2,999,999

3 6

40.9%

50.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

30 12.50 2.40

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 7.17 2.79

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 1.08 1.85

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.25 16.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

TEWKSBURY TWP. ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

23

21 9.5%

90

79 13.9%

TOTAL DOLLAR VOLUME

$14,443,350

$13,173,000 9.6%

$62,748,952

$51,404,424 22.1%

MEDIAN SALE PRICE

$510,000

$557,000 -8.4%

$592,500

$600,000 -1.3%

AVERAGE SALE PRICE

$627,971

$627,285 0.1%

$697,211

$650,688 7.1%

AVERAGE DAYS ON MARKET

175

138 26.8%

133

100 33.2%

% SALES PRICE TO LIST PRICE

94.4%

90.8% 4.0%

94.6%

94.7% -0.1%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

5.3%

YTD

2018

0 1

% CHANGE

YTD

2019

YTD

2018

% CHANGE

1 0

ç

10 3

YTD

2019

ç

ç

ç

79 75

YTD

2018

$3,000,000 AND UP

$2,000,000-$2,999,999

100.0%

233.3%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

45 6.58 6.84

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 0.83 14.40

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

3 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.08 12.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

WARREN ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

55

56 -1.8%

190

186 2.2%

TOTAL DOLLAR VOLUME

$47,807,700

$41,409,552 15.5%

$159,378,895

$154,865,328 2.9%

MEDIAN SALE PRICE

$830,000

$627,500 32.3%

$826,000

$753,750 9.6%

AVERAGE SALE PRICE

$869,230

$739,456 17.5%

$838,836

$832,609 0.7%

AVERAGE DAYS ON MARKET

95

93 2.2%

77

84 -8.5%

% SALES PRICE TO LIST PRICE

94.3%

96.3% -2.0%

95.2%

96.0% -0.9%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

34 47

YTD

2019

YTD

2018

3 2

27.7%

11.7%

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

ç

153 137

YTD

2018

$2,000,000-$2,999,999

YTD

2018

% CHANGE

0 0

NC

50.0%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

47 12.75 3.69

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 2.83 7.06

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.25 4.00

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

WASHINGTON TWP. (MORRIS COUNTY) ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

71

61 16.4%

252

269 -6.3%

TOTAL DOLLAR VOLUME

$30,144,300

$25,835,680 16.7%

$110,812,158

$114,786,800 -3.5%

MEDIAN SALE PRICE

$435,000

$426,000 2.1%

$450,000

$418,250 7.6%

AVERAGE SALE PRICE

$424,567

$423,535 0.2%

$439,731

$426,716 3.1%

AVERAGE DAYS ON MARKET

56

66 -15.2%

60

61 -2.0%

% SALES PRICE TO LIST PRICE

97.9%

97.7% 0.3%

97.6%

97.0% 0.7%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

ç

252 269

YTD

2018

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

6.3%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

75 21.00 3.57

INVENTORY

AVG SALES PER MONTH

3 0.00

MONTH’S SUPPLY

∞

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

WATCHUNG ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

19

19 0.0%

79

63 25.4%

TOTAL DOLLAR VOLUME

$13,307,000

$10,741,438 23.9%

$61,134,216

$44,285,836 38.0%

MEDIAN SALE PRICE

$550,000

$570,000 -3.5%

$680,000

$600,000 13.3%

AVERAGE SALE PRICE

$700,368

$565,338 23.9%

$773,850

$702,949 10.1%

AVERAGE DAYS ON MARKET

56

81 -30.9%

71

85 -16.5%

% SALES PRICE TO LIST PRICE

95.9%

93.1% 3.0%

96.2%

94.6% 1.7%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

ç

ç

66 54

YTD

2018

13 9

$2,000,000-$2,999,999 YTD

2019

YTD

2018

0 0

$3,000,000 AND UP

% CHANGE

YTD

2019

NC

YTD

2018

% CHANGE

0 0

NC

44.4%

22.2%

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 5.50 3.64

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 1.08 7.38

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

WESTFIELD ANNUAL MARKET REPORT 2019

Overview Q4 2019

Q4 2018

% CHANGE

YTD 2019

YTD 2018

% CHANGE

HOMES SOLD

97

81 19.8%

422

366 15.3%

TOTAL DOLLAR VOLUME

$76,000,512

$69,915,056 8.7%

$344,870,384

$305,447,968 12.9%

MEDIAN SALE PRICE

$678,000

$681,000 -0.4%

$747,000

$742,000 0.7%

AVERAGE SALE PRICE

$783,510

$863,148 -9.2%

$817,228

$834,557 -2.1%

AVERAGE DAYS ON MARKET

58

72 -19.4%

54

51 6.5%

% SALES PRICE TO LIST PRICE

96.3%

95.5% 0.8%

96.9%

96.9% 0.0%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2019

YTD

2018

% CHANGE

YTD

2019

% CHANGE

86 89

YTD

2019

YTD

2018

3 2

3.4%

21.2%

$3,000,000 AND UP

% CHANGE

YTD

2019

ç

ç

ç

332 274

YTD

2018

$2,000,000-$2,999,999

YTD

2018

% CHANGE NC

1 1

50.0%

0.0%

$2,000,000-$2,999,999

$3,000,000 AND UP

Supply and Demand (as of Dec 31, 2019) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

75 27.67 2.71

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

41 7.17 5.72

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.25 16.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.08 0.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/20 & Trendgraphix

Market Leading Global Networks

www.TurpinRealtors.com Bernardsville 908-766-6500

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