MARKET REPORT
2022 THIRD QUARTER
NORTH CENTRAL NEW JERSEY
THIRD QUARTER MARKET REPORT 2022
About the Data
• This study includes all residential home sales in the towns indicated as reported by Garden State Multiple Service LLC (GSMLS), including condominiums and townhomes. It does not include land sales, commercial sales or rentals.
• Year to Date “Overview” sales data is as reported to GSMLS on 10/10/22
• 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.
COMMENTARY
Change is upon the North Central New Jersey real estate market once again, as the high energy that became the norm during the pandemic fades and we return to more measured market conditions. In the aggregate, pended results for our region during the month of September reflect a transaction level similar to the years immediately preceding the pandemic, indicating a market that is normalizing. On the other hand, our inventory levels stand at roughly one-third of 2018 and 2019 levels. In spite of higher interest rates and increased home values, demand remains relatively strong for homes, especially in the more popular price ranges below $2 million.
For buyers seeking homes priced under $1 million, inventory constraints persist. The lack of options to choose from, coupled with the higher cost of ownership, led to a decrease in transaction volume in September. Meanwhile, in the $1-2 million range, listings and transactions both increased as compared to September 2021, making this the most active segment in our study, albeit with scant supply in many towns. Looking again at regional results, the supply of homes priced above $2 million increased during September, while pended transactions decreased. As a result, days on market spiked, all of which indicate a slowdown for this segment.
In addition to the regional results noted above, this report contains granular market data for 39 municipalities in our area over the third quarter, as well as for the year to date. The trends we observe at a regional level can deviate significantly from outcomes in any given town and, within that town, among its price segments. With this in mind, I encourage you to contact one of Turpin’s knowledgeable Realtors, who would be pleased to discuss exactly what is happening in your neighborhood and deliver local activity reports to your inbox.
John Turpin, President
www.TurpinRealtors.com/Reports
Source: GSMLS and TrendGraphix© 2022 Turpin Realtors
CONTENTS
REGIONAL RESULTS | SEPTEMBER 2022
Aggregated results for all of Hunterdon, Morris and Somerset counties, plus the following towns in Essex and Union counties: Berkeley Heights, Essex Fells, Livingston, Maplewood, Millburn, Montclair, Mountainside, New Providence, Scotch Plains, Summit, South Orange, West Orange and Westfield.
THIRD QUARTER MARKET REPORT 2022
Bedminster Berkeley Heights Bernards Twp. Bernardsville Boonton Town Boonton Twp. 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 Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
Rd, Bedminster Twp
Cover image: 1755 E River
ESSEX*,
RESULTS
MORRIS,
SEPTEMBER
& UNION* COUNTIES
SALES (UNITS)
SEPTEMBER
LIST PRICE, HOMES
OF
MONTHS SUPPLY, HOMES
1,137 1,317 1,998 1,444 1,196 2018 2019 2020 2021 2022 0 500 1000 1500 2000 PENDED
- MONTH OF
Last 5 Years $451,200 $482,100 $578,700 $554,600 $613,800 2018 2019 2020 2021 2022 0 200000 400000 600000 MEDIAN
PENDED - MONTH
SEPTEMBER Last 5 Years 5.50 4.60 1.90 1.70 1.80 2018 2019 2020 2021 2022 0 2 4 6 Months
PENDED - MONTH OF SEPTEMBER Last 5 Years REGIONAL
|
2022
HUNTERDON,
SOMERSET
Residential Properties - All Prices Source: GSMLS 10/7/22 & Trendgraphix© 2022 Turpin Realtors Subject to Errors and Omissions * This report is inclusive of results from select municipalities in Essex and Union counties as detailed on the following page.
REGIONAL RESULTS | SEPTEMBER 2022
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES
Residential Properties - Activity by Price
ALL PRICES
% ChangeSept. 2022 Sept. 2021
Homes For Sale New Listing Homes Sold
Contracts Pended Days on Market
-14%
-17%
-17%
-13%
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
Contracts Pended Days on Market
-19%
-21%
-19%
-13%
% ChangeSept. 2022 Sept. 2021 Homes For Sale New Listing Homes Sold
$2,000,000 - $2,999,999 MILLION
% ChangeSept. 2022 Sept. 2021
Homes For Sale New Listing Homes Sold
Contracts Pended Days on Market
Contracts Pended Days on Market
353 7% 203 172 18%
110 13%
185 -19%
% ChangeSept. 2022 Sept. 2021 Homes For Sale New Listing Homes Sold
$3 MILLION+
% ChangeSept. 2022 Sept. 2021
Homes For Sale
New Listing Homes Sold
Contracts Pended Days on Market
This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Berkeley Heights Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp Union County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp
to Errors and Omissions
-43%
Source: GSMLS 10/7/22 & Trendgraphix© 2022 Turpin Realtors Subject
2098 2441
1462 1758
1196 1444
1378 1584
30 28 7%
1569 1948
1224 1549
1057 1312
1206 1384
29 28 NC
378
124
149
32 30 7%
90 81 11% 28 24 17% 11 15 -27% 16 10 60% 80 33 142%
61 59 3% 14 13 8% 4 7
7 5 40% 35 9 289%
Sales by Price
THIRD QUARTER MARKET REPORT 2022
10 Year Market History
BEDMINSTER
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 39.3% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 119 196 8 3 5 3 5 0 12 13.22 0.91 2 0.89 2.25 4 0.56 7.20 ç 3 0.56 5.40 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021
Subject to Errors and Omissions Overview 166.7% ç ç HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 58 75 -22.7% 137 202 -32.2% $33,483,148 $33,234,648 0.7% $110,703,912 $96,954,784 14.2% $438,825 $399,000 10% $430,000 $390,000 10.3% $577,295 $443,128 30.3% $808,057 $479,974 68.4% 25 24 4.2% 40 36 11.1% 101.4% 100.2% 1.2% 99.2% 98.8% 0.5% % CHANGE % CHANGE 66.7% ç
Sales by Price
THIRD
10 Year Market History
BERKELEY HEIGHTS Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 32.6% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 118 175 24 15 0 0 0 0 21 13.11 1.60 4 2.67 1.50 0 0.00 N/A ç 0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NC Subject to Errors and Omissions ç 60% HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 71 68 4.4% 142 190 -25.3% $53,273,400 $51,396,792 3.7% $106,397,296 $133,280,624 -20.2% $708,000 $681,000 4% $708,000 $678,750 4.3% $750,329 $755,835 -0.7% $749,276 $701,476 6.8% 25 24 4.2% 26 31 -16.1% 104% 102.3% 1.7% 104.4% 101.7% 2.6% % CHANGE % CHANGE
10 Year Market History
BERNARDS TWP. Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales by Price Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 27.5% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 248 342 83 95 41 27.56 1.49 17 9.22 1.84 1 0.00 ∞ ç 3 0.78 3.86 YTD 2022 YTD 2021 YTD 2022 YTD 2021 Subject to Errors and Omissions % CHANGE % CHANGE 7 4 0 1 YTD 2022 YTD 2021 YTD 2022 YTD 2021 75%12.6% ç ç ç HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 138 195 -29.2% 338 442 -23.5% $118,649,472 $157,711,248 -24.8% $277,781,120 $335,793,920 -17.3% $792,500 $774,000 2.4% $764,300 $695,000 10% $859,778 $808,775 6.3% $821,837 $759,714 8.2% 23 20 15% 25 29 -13.8% 102% 101.2% 0.8% 103.1% 100.6% 2.5% % CHANGE % CHANGE 100% ç
Sales by Price
THIRD
10 Year Market History
BERNARDSVILLE Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 64 104 26 34 8 6 3 2 16 7.11 2.25 7 2.89 2.42 7 0.33 21.005 0.89 5.63 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 23.5% ç Subject to Errors and Omissions 38.5% ç ç 33.3% ç 50% HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 37 33 12.1% 101 146 -30.8% $43,393,600 $28,891,400 50.2% $108,149,248 $133,886,824 -19.2% $750,000 $700,000 7.1% $777,000 $771,250 0.7% $1,172,800 $875,497 34% $1,070,784 $917,033 16.8% 29 59 -50.8% 43 76 -43.4% 100% 99.3% 0.6% 100.3% 98.4% 2% % CHANGE % CHANGE
by Price
THIRD
Market
CHANGE
BOONTON TOWN Overview
QUARTER MARKET REPORT 2022 10 Year
History Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 53 78 0 0 0 0 0 0 7 5.89 1.19 0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC Subject to Errors and Omissions 32.1% NCNC 0 0.00 N/A 0 0.00 N/A ç HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 17 31 -45.2% 53 78 -32.1% $8,548,600 $14,653,500 -41.7% $27,449,510 $37,640,400 -27.1% $490,000 $435,000 12.6% $490,000 $459,500 6.6% $502,858 $472,693 6.4% $517,915 $482,569 7.3% 17 31 -45.2% 21 30 -30% 105.2% 102.7% 2.5% 105.9% 102.3% 3.5% % CHANGE %
BOONTON TWP. Overview THIRD QUARTER MARKET REPORT 2022 10 Year Market History Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales by Price Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE 46 47 9 5 2 0 0 0 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC Subject to Errors and Omissions 80% ç 2.1% ç INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 10 5.11 1.96 6 1.00 6.00 1 0.22 4.50 0 0.00 N/A HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 28 23 21.7% 57 52 9.6% $24,481,704 $16,395,400 49.3% $43,998,580 $37,475,448 17.4% $705,000 $718,000 -1.8% $689,000 $719,750 -4.3% $874,346 $712,843 22.7% $771,904 $720,681 7.1% 38 39 -2.6% 33 50 -34% 99.9% 100.9% -1% 100.7% 99.5% 1.2% % CHANGE % CHANGE ç
Market
THIRD
CHANGE
CHANGE
BRIDGEWATER TWP. Overview
QUARTER MARKET REPORT 2022 10 Year
History Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales by Price Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 386 476 21 15 0 0 0 0 60 42.89 1.40 12 2.33 5.14 0 0.00 N/A0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 40% ç NC Subject to Errors and Omissions 18.9% ç NC HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 168 200 -16% 407 491 -17.1% $95,890,464 $110,397,688 -13.1% $236,563,072 $270,306,048 -12.5% $536,000 $542,000 -1.1% $545,000 $531,000 2.6% $570,776 $551,988 3.4% $581,236 $550,521 5.6% 23 24 -4.2% 26 30 -13.3% 102.6% 102.2% 0.4% 103.4% 101.8% 1.6% %
%
by Price
THIRD
Year Market History
CALIFON Overview
QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 12 31 0 0 0 0 0 0 3 1.33 2.25 0 0.00 N/A 0 0.00 N/A0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NCNC Subject to Errors and Omissions 61.3% ç HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 7 11 -36.4% 12 31 -61.3% $2,931,200 $5,015,100 -41.6% $5,447,100 $12,763,370 -57.3% $457,500 $410,000 11.6% $466,250 $410,000 13.7% $418,742 $455,918 -8.2% $453,925 $411,721 10.3% 30 25 20% 52 25 108% 101% 100.2% 0.8% 102.2% 100.5% 1.6% % CHANGE % CHANGE
CHANGE
by Price
CHANGE
10 Year Market History
CHATHAM BORO Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 32.9% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 55 82 35 56 3 6 0 0 3 6.11 0.49 1 3.89 0.26 0 0.00 N/A ç 1 0.33 3.00 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC 37.5% ç Subject to Errors and Omissions 50% ç HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 37 38 -2.6% 93 144 -35.4% $41,255,000 $40,145,112 2.8% $98,733,016 $153,797,744 -35.8% $1,030,000 $957,000 7.6% $900,000 $962,500 -6.5% $1,115,000 $1,056,450 5.5% $1,061,645 $1,068,039 -0.6% 25 26 -3.8% 30 35 -14.3% 105.1% 101.7% 3.3% 106.6% 100.4% 6.2% %
%
CHANGE
by Price
CHANGE
10 Year Market History
CHATHAM TWP. Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 13.3% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 65 75 63 72 19 16 3 2 9 7.22 1.25 11 7.00 1.57 4 0.33 12.00 ç 7 2.11 3.32 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 12.5% ç Subject to Errors and Omissions ç 50%18.8% ç HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 62 62 0% 150 165 -9.1% $73,913,280 $71,379,616 3.5% $189,528,336 $190,306,192 -0.4% $1,232,500 $1,067,000 15.5% $1,260,034 $1,090,000 15.6% $1,192,149 $1,151,284 3.5% $1,263,522 $1,153,370 9.6% 19 23 -17.4% 29 29 0% 103.8% 102.3% 1.5% 103.3% 100.7% 2.6% %
%
by
Year Market History
THIRD
CHESTER BORO Overview
QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Price Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 21 16 1 0 0 0 0 0 4 2.33 1.71 0 0.11 0.00 0 0.00 N/A0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NC 31.3% Subject to Errors and Omissions ç HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 10 7 42.9% 22 16 37.5% $7,261,499 $4,846,999 49.8% $15,588,999 $10,103,899 54.3% $667,500 $680,000 -1.8% $667,500 $635,500 5% $726,149 $692,428 4.9% $708,590 $631,493 12.2% 26 26 0% 18 34 -47.1% 102.5% 102% 0.5% 103.1% 89.8% 14.8% ç % CHANGE % CHANGE
CHANGE
by
CHANGE
Year Market History
CHESTER TWP. Overview THIRD QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Price Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 41.1% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 56 95 35 32 0 1 0 0 13 6.22 2.09 8 3.89 2.06 2 0.00 ∞ YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç NC 100% Subject to Errors and Omissions ç ç 9.4% 2 0.00 ∞ HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 42 45 -6.7% 91 128 -28.9% $39,415,936 $37,362,256 5.5% $83,791,744 $104,874,864 -20.1% $832,500 $752,554 10.6% $855,000 $742,500 15.2% $938,474 $830,272 13% $920,788 $819,334 12.4% 24 29 -17.2% 25 56 -55.4% 102.5% 101.9% 0.6% 102.9% 100.2% 2.7% %
%
by Price
THIRD
Year Market History
$3,000,000
CLINTON TOWN Overview
QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 37.5% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE
AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 25 40 0 0 0 0 0 0 6 2.78 2.16 0 0.00 N/A 0 0.00 N/A0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NCNCç Subject to Errors and Omissions HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 6 17 -64.7% 25 40 -37.5% $3,053,000 $6,827,500 -55.3% $11,489,000 $16,221,000 -29.2% $527,000 $390,000 35.1% $430,000 $376,500 14.2% $508,833 $401,617 26.7% $459,560 $405,525 13.3% 23 22 4.5% 26 26 0% 102.5% 102.5% 0% 103.3% 101.1% 2.2% % CHANGE % CHANGE
Sales by Price
THIRD
10 Year Market History
CHANGE
CHANGE
CLINTON TWP. Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 30.6% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 129 186 4 4 0 0 0 0 14 14.33 0.98 0 0.00 N/A0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NC Subject to Errors and Omissions ç 3 0.44 6.75 HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 52 69 -24.6% 133 190 -30% $29,473,864 $36,708,168 -19.7% $73,402,024 $98,316,632 -25.3% $508,000 $495,000 2.6% $540,000 $492,500 9.6% $566,805 $532,002 6.5% $551,894 $517,455 6.7% 31 25 24% 27 31 -12.9% 102.8% 100% 2.8% 103.7% 101.2% 2.4% %
%
NC
by Price
THIRD
10 Year Market History
FAR HILLS Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE 45.5% $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 6 11 1 2 1 0.67 1.50 0 0.11 0.00 4 0.33 12.001 0.00 ∞ YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 Subject to Errors and Omissions 0 2 3 1ç ç 50% HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 1 3 -66.7% 10 16 -37.5% $705,000 $3,807,000 -81.5% $19,195,000 $18,677,496 2.8% $705,000 $794,000 -11.2% $812,500 $743,500 9.3% $705,000 $1,269,000 -44.4% $1,919,500 $1,167,343 64.4% 21 58 -63.8% 77 88 -12.5% 100.7% 92.3% 9.1% 93.4% 92.8% 0.7% 100% 200% çç % CHANGE % CHANGE
Sales by Price
THIRD
10 Year Market History
FLORHAM PARK Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 14.8% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 75 88 24 18 0 0 13 8.33 1.56 7 2.67 2.63 0 0.00 N/A ç 2 0.22 9.00 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç NC Subject to Errors and Omissions 33.3% 2 1 HOMES SOLD Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE YTD 2022 YTD 2021 38 37 2.7% 101 107 -5.6% $30,022,484 $30,303,832 -0.9% $90,995,872 $84,094,128 8.2% $789,950 $718,000 10% $800,000 $700,000 14.3% $790,065 $819,022 -3.5% $900,949 $785,926 14.6% 34 35 -2.9% 32 46 -30.4% 102% 98.9% 3.1% 102.4% 99.2% 3.2% ç % CHANGE % CHANGE 100%
Sales by Price
10 Year Market History
HARDING TWP. Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 23.5% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 13 17 23 23 8 8 7 8 3 1.44 2.08 2 2.56 0.78 5 0.89 5.63 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 Subject to Errors and Omissions 5 0.78 6.43 12.5% ç HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 16 21 -23.8% 51 56 -8.9% $31,797,104 $34,144,000 -6.9% $89,203,360 $95,785,400 -6.9% $1,769,500 $1,450,000 22% $1,475,000 $1,482,500 -0.5% $1,987,319 $1,625,904 22.2% $1,749,085 $1,710,453 2.3% 69 22 213.6% 77 63 22.2% 93.6% 98.9% -5.4% 96% 96.6% -0.6% ç NC NC
Sales by Price
THIRD
10 Year Market History
LEBANON BORO Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 60% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 40 25 0 0 0 0 0 0 2 4.44 0.45 0 0.00 N/A 0 0.00 N/A ç 0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NCNC Subject to Errors and Omissions HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 10 8 25% 40 25 60% $3,150,900 $2,141,400 47.1% $12,509,416 $8,284,427 51% $291,250 $245,750 18.5% $288,750 $305,000 -5.3% $315,090 $267,675 17.7% $312,735 $331,377 -5.6% 22 40 -45% 19 41 -53.7% 103.3% 98.9% 4.4% 103.1% 100.1% 3.1%
by Price
THIRD
Year Market History
LEBANON TWP. Overview
QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 14.5% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 59 69 0 1 0 0 0 0 17 6.56 2.59 0 0.00 N/A ç YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NC 2 0.00 ∞ 0 0.00 N/A Subject to Errors and Omissions 100% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 20 29 -31% 59 70 -15.7% $10,779,900 $14,978,800 -28% $29,054,850 $34,014,200 -14.6% $607,500 $485,000 25.3% $495,000 $442,450 11.9% $538,995 $516,510 4.4% $492,455 $485,917 1.3% 35 27 29.6% 36 42 -14.3% 103.9% 102.2% 1.7% 102.2% 101.1% 1% ç
by Price
Year Market History
LONG HILL TWP. Overview THIRD QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 25.9% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 80 108 6 7 0 0 0 0 20 8.89 2.25 2 0.67 3.00 0 0.00 N/A ç 0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NC Subject to Errors and Omissions ç 14.3% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 38 47 -19.1% 86 115 -25.2% $26,799,116 $30,642,800 -12.5% $58,794,520 $74,868,344 -21.5% $638,611 $617,000 3.5% $642,500 $617,000 4.1% $705,239 $651,974 8.2% $683,657 $651,029 5% 21 31 -32.3% 25 32 -21.9% 102.4% 100.8% 1.5% 103.3% 101% 2.3%
by Price
Year Market History
MADISON Overview THIRD QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 19.8% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE 29.5% $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 73 91 43 61 12 6 2 0 15 8.11 1.85 5 4.78 1.05 0 0.22 0.00 ç 0 4.00 0.00 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç ç Subject to Errors and Omissions 100% ç HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 44 60 -26.7% 130 158 -17.7% $52,760,848 $56,301,776 -6.3% $150,590,160 $158,087,936 -4.7% $970,000 $812,000 19.5% $917,500 $857,500 7% $1,199,110 $938,362 27.8% $1,158,385 $1,000,556 15.8% 17 30 -43.3% 19 32 -40.6% 103.6% 100.8% 2.8% 104% 99.9% 4.1%
Sales by Price
THIRD
10 Year Market History
MAPLEWOOD Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 44.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE 40.7% $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 138 248 76 54 1 1 0 0 23 15.33 1.50 4 8.44 0.47 0 0.00 N/A ç YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç NC Subject to Errors and Omissions 0 0.11 0.00 HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 69 118 -41.5% 215 303 -29% $65,008,428 $93,092,384 -30.2% $191,525,664 $233,785,344 -18.1% $845,000 $770,000 9.7% $861,000 $765,000 12.5% $942,151 $788,918 19.4% $890,817 $771,568 15.5% 20 19 5.3% 19 21 -9.5% 110.4% 108.9% 1.3% 114.4% 109.5% 4.5% NC
Market
MENDHAM BORO Overview THIRD QUARTER MARKET REPORT 2022 10 Year
History Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales by Price Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 25.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 47 63 16 11 5 5.22 0.96 0 1.78 0.00 YTD 2022 YTD 2021 YTD 2022 YTD 2021 Subject to Errors and Omissions çç 2 0.00 ∞2 0.00 ∞ 45.5% % CHANGE % CHANGE 0 0 0 2 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 27 23 17.4% 63 76 -17.1% $22,555,000 $23,606,500 -4.5% $51,907,500 $62,299,200 -16.7% $765,000 $760,000 0.7% $765,000 $677,500 12.9% $835,370 $1,026,369 -18.6% $823,928 $819,726 0.5% 41 70 -41.4% 35 57 -38.6% 99.5% 94.7% 5% 99.6% 97.4% 2.2% ç 100%
Sales by Price
10 Year Market History
MENDHAM TWP. Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 54.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE 31.9% $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 31 68 32 47 3 5 2 3 9 3.44 2.61 10 3.56 2.81 3 0.22 13.50 ç 4 0.33 12.00 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 40% 33.3% Subject to Errors and Omissions ç çç HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 20 41 -51.2% 68 123 -44.7% $20,794,000 $44,193,208 -52.9% $81,169,400 $138,627,584 -41.4% $942,500 $900,000 4.7% $1,102,000 $955,100 15.4% $1,039,700 $1,077,883 -3.5% $1,193,667 $1,127,053 5.9% 21 41 -48.8% 33 61 -45.9% 101.7% 98.2% 3.6% 100.5% 98.2% 2.4%
by Price
THIRD
10 Year Market History
MILLBURN Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 35.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 62 96 130 146 64 56 25 18 8 6.89 1.16 12 14.44 0.83 ç 7 7.11 0.98 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 14.3% Subject to Errors and Omissions 10 2.78 3.60 ç ç 38.9% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 116 119 -2.5% 281 316 -11.1% $206,624,800 $193,190,832 7% $482,243,232 $491,971,904 -2% $1,508,800 $1,400,000 7.8% $1,501,500 $1,375,000 9.2% $1,781,248 $1,623,452 9.7% $1,716,168 $1,556,873 10.2% 26 24 8.3% 23 37 -37.8% 102.8% 101.1% 1.6% 104.1% 100.6% 3.5% ç 11%
by Price
Year Market History
MORRIS PLAINS Overview THIRD QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 2.7% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 73 75 1 0 0 0 0 0 16 8.11 1.97 0 0.11 0.00 0 0.00 N/A ç 0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NC Subject to Errors and Omissions HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 26 26 0% 74 75 -1.3% $17,419,050 $14,722,612 18.3% $47,081,828 $40,920,184 15.1% $705,000 $567,500 24.2% $650,500 $550,000 18.3% $669,963 $566,254 18.3% $636,240 $545,602 16.6% 17 23 -26.1% 18 27 -33.3% 103.2% 102.5% 0.7% 103.9% 102.3% 1.6% ç
by Price
10 Year Market History
MORRIS TWP. Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 10.9% $1,000,000-$1,999,999 % CHANGE 21.9% $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 244 274 39 32 2 0 23 27.11 0.85 6 4.33 1.38 ç 2 0.00 ∞ YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 Subject to Errors and Omissions ç 0 0.22 0.00 0 1 ç HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 108 111 -2.7% 285 307 -7.2% $84,144,256 $80,842,784 4.1% $222,841,232 $218,713,408 1.9% $728,000 $692,000 5.2% $725,000 $669,900 8.2% $779,113 $728,313 7% $781,899 $712,421 9.8% 21 24 -12.5% 24 30 -20% 104.4% 101.2% 3.2% 104.9% 101% 3.8% 100% ç
Sales by Price
10 Year Market History
MORRISTOWN Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 13.1% $1,000,000-$1,999,999 % CHANGE 44.4% $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 126 145 13 9 0 0 16 14.00 1.14 4 1.44 2.77 0 0.00 N/A ç 1 0.00 ∞ YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 0 0 NCç NC HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 53 53 0% 139 154 -9.7% $30,653,264 $26,581,800 15.3% $84,584,528 $84,471,192 0.1% $500,000 $425,000 17.6% $525,000 $501,500 4.7% $578,363 $501,543 15.3% $608,521 $548,514 10.9% 27 27 0% 31 37 -16.2% 100.4% 101.1% -0.7% 101.1% 100.2% 0.9%
Sales by Price
THIRD
10 Year Market History
MOUNTAIN LAKES Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 33.3% $1,000,000-$1,999,999 % CHANGE 19.2% $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 38 57 21 26 2 1 1 0 5 4.22 1.18 7 2.33 3.00 ç YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 1 0.22 4.50 1 0.11 9.00 100% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 27 32 -15.6% 62 84 -26.2% $29,508,524 $34,727,500 -15% $65,351,024 $82,695,136 -21% $915,000 $975,000 -6.2% $900,000 $868,450 3.6% $1,092,908 $1,085,234 0.7% $1,054,048 $984,465 7.1% 26 31 -16.1% 28 39 -28.2% 101.6% 97.6% 4.1% 101.4% 98.9% 2.5% ç ç ç
Sales by Price
THIRD
10 Year Market History
NEW PROVIDENCE Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 26.8% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 104 142 1 0 0 0 11 11.56 0.95 1 0.00 ∞ ç 0 0.11 0.00 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC Subject to Errors and Omissions 3 3.78 0.79 126.7% 34 15 ç HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 54 62 -12.9% 139 157 -11.5% $46,762,816 $47,002,512 -0.5% $120,199,416 $114,302,216 5.2% $825,000 $749,500 10.1% $805,000 $707,000 13.9% $865,978 $758,105 14.2% $864,744 $728,039 18.8% 19 21 -9.5% 19 24 -20.8% 105.2% 102.5% 2.6% 106.9% 102.3% 4.5% ç
by Price
THIRD
Year Market History
PEAPACK-GLADSTONE Overview
QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE 30% $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 17 27 7 10 1 0 0 2 2 1.89 1.06 0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 37% ç Subject to Errors and Omissions 1 0.78 1.29 çç ç 1 0.11 9.00 100% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 7 12 -41.7% 25 39 -35.9% $6,792,310 $9,181,000 -26% $25,304,160 $37,568,624 -32.6% $700,000 $645,000 8.5% $875,000 $725,000 20.7% $970,330 $765,083 26.8% $1,012,166 $963,298 5.1% 25 25 0% 25 51 -51% 95.7% 99.8% -4.2% 96.5% 96.1% 0.3%
by
Year Market History
THIRD
RANDOLPH TWP. Overview
QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Price Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 239 237 23 8 0 0 0 0 28 26.56 1.05 3 2.56 1.17 0 0.00 N/A0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NC Subject to Errors and Omissions ç 187.5%0.8% ç HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 117 97 20.6% 262 245 6.9% $81,057,832 $62,663,500 29.4% $182,632,288 $154,531,936 18.2% $700,000 $629,950 11.1% $680,000 $625,000 8.8% $692,802 $646,015 7.2% $697,069 $630,742 10.5% 19 23 -17.4% 25 32 -21.9% 104.8% 102% 2.7% 105.2% 101.8% 3.3%
by Price
THIRD
10 Year Market History
READINGTON TWP. Overview
QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 19.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 174 216 8 3 0 0 0 0 30 19.33 1.55 3 0.89 3.38 0 0.00 N/A ç 0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC Subject to Errors and Omissions 166.7% ç NC HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 85 77 10.4% 182 219 -16.9% $55,003,628 $41,817,028 31.5% $110,003,296 $116,556,784 -5.6% $640,000 $545,000 17.4% $604,500 $508,000 19% $647,101 $543,078 19.2% $604,413 $532,222 13.6% 28 26 7.7% 29 40 -27.5% 103.3% 103.9% -0.6% 103.7% 101.8% 1.8%
Sales by Price
10 Year Market History
SUMMIT Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 32.9% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE 31.2% $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 104 155 86 125 45 34 11 10 14 11.56 1.21 11 9.56 1.15 5 1.22 4.09 ç YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç ç 32.4% Subject to Errors and Omissions 2 5.00 0.40 ç 10% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 88 108 -18.5% 246 324 -24.1% $124,054,464 $141,382,096 -12.3% $346,124,448 $398,188,832 -13.1% $1,218,000 $1,145,000 6.4% $1,235,000 $1,082,500 14.1% $1,409,709 $1,309,093 7.7% $1,407,010 $1,228,977 14.5% 18 26 -30.8% 20 32 -37.5% 104.1% 100.8% 3.3% 106.2% 100.9% 5.2%
by Price
THIRD
Market History
TEWKSBURY TWP. Overview
QUARTER MARKET REPORT 2022 10 Year
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 26.8% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE 4.2% $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 60 82 25 24 13 6.67 1.95 10 2.78 3.60 1 0.11 9.00 ç 2 0.22 9.00 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç Subject to Errors and Omissions 2 1 1 0 100% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 30 39 -23.1% 88 107 -17.8% $25,461,350 $34,778,500 -26.8% $85,781,248 $91,658,528 -6.4% $738,750 $770,000 -4.1% $862,000 $765,000 12.7% $848,711 $891,756 -4.8% $974,786 $856,621 13.8% 38 34 11.8% 59 67 -11.9% 98.1% 98.1% 0% 99.8% 98.3% 1.5% ç ç
by Price
10 Year Market History
WARREN Overview THIRD QUARTER MARKET REPORT 2022
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 31.9% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE 12.1% $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 96 141 65 58 7 3 0 0 17 10.67 1.59 34 7.22 4.71 2 0.00 ∞ ç YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç Subject to Errors and Omissions NC 4 0.78 5.14 133.3% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 67 79 -15.2% 168 202 -16.8% $65,936,652 $74,455,272 -11.4% $174,179,456 $184,156,368 -5.4% $880,000 $875,000 0.6% $945,000 $850,500 11.1% $984,129 $942,471 4.4% $1,036,782 $911,665 13.7% 35 28 25% 41 43 -4.7% 100.5% 100% 0.5% 99.9% 99.2% 0.6% ç
THIRD
WASHINGTON TWP. (MORRIS COUNTY) Overview
QUARTER MARKET REPORT 2022 10 Year Market History Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales by Price Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 7.8% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 202 219 7 2 0 0 0 0 27 22.44 1.20 4 0.78 5.14 0 0.00 N/A0 0.00 N/A YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 NC NCç Subject to Errors and Omissions 250% ç HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 90 94 -4.3% 209 221 -5.4% $55,138,000 $53,617,448 2.8% $127,968,640 $118,978,184 7.6% $603,000 $576,500 4.6% $590,000 $535,000 10.3% $612,644 $570,398 7.4% $612,290 $538,362 13.7% 23 24 -4.2% 27 28 -3.6% 104.8% 103.6% 1.1% 106% 103.1% 2.9%
by Price
Year Market History
WATCHUNG Overview THIRD QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 3.5% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 55 57 19 24 4 0 0 0 11 6.11 1.80 10 2.11 4.74 1 0.00 ∞5 0.44 11.25 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç 20.8% Subject to Errors and Omissions NCç ç HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 25 22 13.6% 78 81 -3.7% $23,094,000 $20,934,514 10.3% $72,776,344 $71,393,440 1.9% $890,000 $844,500 5.4% $892,500 $800,000 11.6% $923,760 $951,568 -2.9% $933,030 $881,400 5.9% 49 38 28.9% 50 52 -3.8% 101% 98.1% 2.9% 101.7% 97.8% 4.1%
by Price
THIRD
Year Market History
WESTFIELD Overview
QUARTER MARKET REPORT 2022 10
Source: GSMLS 10/10/22 & Trendgraphix© 2022 Turpin Realtors Sales
Supply and Demand (as of September 30, 2022) $0-$999,999 % CHANGE 39.6% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 160 265 112 130 13 10 0 1 26 17.78 1.46 19 12.44 1.53 ç YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 ç 13.8% Subject to Errors and Omissions 4 1.44 2.77 ç 30% 100% HOMES SOLD % CHANGE Q3 2022 Q3 2021 TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE YTD 2022 YTD 2021 89 150 -40.7% 285 406 -29.8% $99,031,872 $151,507,728 -34.6% $302,820,160 $396,147,392 -23.6% $975,000 $904,000 7.9% $950,000 $899,000 5.7% $1,112,717 $1,010,051 10.2% $1,062,526 $975,732 8.9% 29 22 31.8% 31 31 0% 102.9% 101.5% 1.4% 104.8% 101% 3.8% ç 1 0.00 ∞
GLOBAL PROMOTION PROVIDED IN PARTNERSHIP WITH
COMPANIES OF
POTFOLIO
HARRIS
SERVICES DELIVERED IN COORDINATION WITH
LEADING REAL ESTATE
THE WORLD MAYFAIR INTERNATIONAL REALTY LUXURY
INTERNATIONAL BROWN
STEVENS PARTNERING WORLDWIDE ADDITIONAL
HILLTOP PROPERTY MANAGEMENT home watch | property management | repairs and additions | staging HILLTOP TITLE, LLC title insurance | title quotes | settlement services www.TurpinRealtors.com