Annual Market Report 2020 I Turpin Realtors

NORTH CENTRAL NEW JERSEY

MARKET REPORT ANNUAL 2020

ANNUAL MARKET REPORT 2020

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 1/8/21. Special Edition data is as reported to GSMLS on 1/12/21. 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.

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: Trendgraphix

CONTENTS DECEMBER 2020 – SPECIAL EDITION Hunterdon County | Morris County | Somersert County | Essex and Union Counties (partial)

ANNUAL MARKET REPORT 2020 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

Cover image:158 Green Avenue, Madison

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

COMMENTARY ANNUAL MARKET REPORT 2020 In our first quarter report last year, during the darkest and most confusing days of the pandemic, we observed that major disruptions had historically led to an improved market in New Jersey. We cautiously posited that the pandemic could lead to the reversal of urban migration, and result in renewed interest in our region. Looking back now, it is fair to say that the shift in our market exceeded even our most optimistic expectations. In an otherwise tumultuous period, we are pleased to report that the suburban and exurban real estate markets of New Jersey are more robust than they have been in over a decade.

Widespread Improvements, Record-Breaking Results Our 2020 report shows 33 of 39 towns posting an increase in sales over 2019. This is especially remarkable in light of several weeks of total lockdown during what is usually our peak selling period. Indeed, not only did our towns make up the lost ground, several set records. Boonton Town, Bridgewater, Clinton, Clinton Township, Long Hill, Morris Township, New Providence, Readington, Washington Twp. and Westfield all reported more sales and a higher average sale price than at any time in more than ten years!

Towns that were especially hard hit during the 2008 downturn and thereafter are now experiencing some of the most robust improvement, most likely due to the excellent value they present. Bernardsville, for example, saw a significant improvement in both unit sales and total dollar volume as compared to 2019 (59% and 84% respectively), and its $1-2 million segment surged by 150%. In Tewksbury and Califon, where most single family homes feature enviable amounts of sought-after open space, sales increased by 76% and 122%.

Meanwhile, in Harding Township, where low taxes and open spaces combine with convenience to eastern amenities, unit sales were up by 95% and total dollar volume up by 109%.

Low Inventory Drives Price Appreciation but Challenges Buyers Though perennial performers like The Chathams and Madison are now being hindered by extremely low inventory, these towns still managed to outperform their 2019 unit sales handily (17% in Chatham Boro, 20% in Chatham Township, 27% in Madison). Low inventory is expected to challenge buyers in these towns and elsewhere. Bridgewater, Chatham Township, Clinton, Clinton Township, Madison, Maplewood, Morris Plains and Washington all have less than one-month’s supply of homes for sale and numerous other towns have only slightly more (Supply is the number of months it would take for the current inventory of homes on the market to sell at the current pace; four to six months supply is considered balanced). While low inventory makes life hard for buyers, it will undoubtedly drive price appreciation moving into the first half of 2021.

Price Sensitivity Persists in the Luxury Market In contrast, the upper end (generally over $2 or $3 million, depending on the town), continues to experience high levels of inventory and price sensitivity among buyers. Harding Township, for example, experienced robust improvement in sales up to $3 million, but sales above that mark declined and inventory remains at a 40-month supply. We are hopeful that this segment will begin to improve as more people discover our beautiful area and the value it represents, but we also recognize the challenge presented by the continued out-migration of high net worth individuals from New Jersey. In the long run, the magnificent homes, tremendous lifestyle opportunities and value that we know exist in our luxury market may well drive sufficient interest to outweigh any such headwinds.

As always, we stand ready to assist with questions about your particular real estate situation. I encourage you to reach out to a Turpin agent for insights into the market, whether you plan a move or not. We have never been more proud to represent the people and properties that comprise this special part of New Jersey that we call home.

John Turpin, President www.TurpinRealtors.com/Reports Š 2021 Turpin Realtors

Source: GSMLS and TrendGraphix

SOMERSET COUNTY DECEMBER 2020 SPECIAL EDITION DEC. 2019 % CHANGE

DEC. 2020 HOMES FOR SALE

584

NEW LISTINGS

239 347 -31%

CONTRACTS PENDED

331 398 -17%

HOMES SOLD

494 405 22%

MEDIAN SOLD PRICE

773

-24%

$400,000 $400,000

0%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

100%

Change from Last Year

50%

0%

-50%

c.

De

v.

No

Oc t.

.

Se p

.

Au g

l.

Ju

n.

Ju

y Ma

Ap r.

r.

Ma

.

Fe b

Ja

n.

-100%

Median Sold Price (past 3 years) $500,000

Median Sold Price

$400,000

$300,000

$200,000

$100,000

12

/1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20 8/ 20 10 /2 0 12 /2 0

$0

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 1/12/21

MORRIS COUNTY DECEMBER 2020 SPECIAL EDITION DEC. 2019 % CHANGE

DEC. 2020 HOMES FOR SALE

913

1515

-40%

NEW LISTINGS

363

317

15%

CONTRACTS PENDED

511 364 40%

HOMES SOLD

733 532 38%

MEDIAN SOLD PRICE

$485,000 $400,000

21%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

75%

Change from Last Year

50% 25% 0% -25% -50%

c.

De

v.

No

Oc t.

.

Se p

.

Au g

l.

Ju

n.

Ju

y Ma

Ap r.

r.

Ma

.

Fe b

Ja

n.

-75%

Median Sold Price (past 3 years) $600,000 $500,000

Median Sold Price

$400,000 $300,000 $200,000 $100,000

12

/1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20 8/ 20 10 /2 0 12 /2 0

$0

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 1/12/21

HUNTERDON COUNTY DECEMBER 2020 SPECIAL EDITION DEC. 2019 % CHANGE

DEC. 2020 HOMES FOR SALE NEW LISTINGS

312

630

-50%

95

96

-1%

CONTRACTS PENDED

147 97 52%

HOMES SOLD

228 166 37%

MEDIAN SOLD PRICE

$418,000 $343,000

22%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

150%

Change from Last Year

100%

50%

0%

-50%

c.

De

v.

No

Oc t.

.

Se p

.

Au g

l.

Ju

n.

Ju

y Ma

Ap r.

r.

Ma

.

Fe b

Ja

n.

-100%

Median Sold Price (past 3 years) $500,000

Median Sold Price

$400,000

$300,000

$200,000

$100,000

12

/1 7 2/ 18 4/ 18 6/ 18 8/ 18 10 /1 8 12 /1 8 2/ 19 4/ 19 6/ 19 8/ 19 10 /1 9 12 /1 9 2/ 20 4/ 20 6/ 20 8/ 20 10 /2 0 12 /2 0

$0

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 1/12/21

ESSEX AND UNION COUNTY MUNICIPALITIES* DECEMBER 2020 SPECIAL EDITION DEC. 2019 % CHANGE

DEC. 2020 HOMES FOR SALE

707

NEW LISTINGS

356 269 32%

CONTRACTS PENDED

356 256 39%

HOMES SOLD

414 282 47%

MEDIAN SOLD PRICE

1023

-31%

$700,000 $585,000

20%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

Change from Last Year

100%

50%

0%

-50%

c.

De

v.

No

Oc t.

.

Se p

.

Au g

l.

Ju

n.

Ju

y Ma

Ap r.

r.

Ma

.

Fe b

Ja

n.

-100%

Median Sold Price (past 3 years) $800,000

Median Sold Price

$600,000

$400,000

$200,000

12 /1 7 2/ 18 4/ 18 6/ 18 8/ 1 10 8 /1 12 8 /1 8 2/ 19 4/ 19 6/ 19 8/ 1 10 9 /1 12 9 /1 9 2/ 20 4/ 20 6/ 20 8/ 2 10 0 /2 12 0 /2 0

$0

* Berkeley Heights Twp, Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 1/12/21

BEDMINSTER ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

92

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 222

46 100.0%

$44,385,552 $17,427,300 154.7%

YTD 2019

% CHANGE

222 0.0%

$99,146,348

$101,662,104

-2.5%

MEDIAN SALE PRICE

$376,500

$327,500 15.0%

$365,000

$335,000

9.0%

AVERAGE SALE PRICE

$482,451

$378,854 27.3%

$446,605

$457,936

-2.5%

42 -7.1%

50

58

-14.3%

95.8% 3.0%

97.6%

94.1%

3.7%

AVERAGE DAYS ON MARKET

39

% SALES PRICE TO LIST PRICE

98.7%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

4 6

YTD

2019

1 1

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

1 4

0%

33.3%

2.4%

$3,000,000 AND UP

ç

ç

ç

216 211

YTD

2019

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

75%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

34 18.00 1.89

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.33 9.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 0.08 48.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 0.08 72.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

BERKELEY HEIGHTS ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

60

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 200

46 30.4%

$41,869,268 $26,757,084 56.5%

YTD 2019

% CHANGE

186 7.5%

$131,494,664 $112,536,856

16.8%

MEDIAN SALE PRICE

$699,500

$554,500 26.1%

$625,000

$576,000

8.5%

AVERAGE SALE PRICE

$697,821

$581,675 20.0%

$657,473

$605,036

8.7%

AVERAGE DAYS ON MARKET

37

63 -41.3%

56

61

-7.8%

% SALES PRICE TO LIST PRICE

99.2%

96.1% 3.2%

98.7%

97.2%

1.6%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

187 178

YTD

2019

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

13 8

5.1%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

62.5%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

24 15.58 1.54

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 1.08 0.92

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

BERNARDS TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

138

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020

YTD 2019

452

119 16.0%

% CHANGE

459 -1.5%

$300,237,592 $285,667,264

5.1%

$94,825,200

$76,399,552

24.1%

MEDIAN SALE PRICE

$686,450

$599,000

14.6%

$640,000

$580,000

10.3%

AVERAGE SALE PRICE

$687,139

$642,013

7.0%

$664,242

$622,368

6.7%

51

65

-21.5%

58

62

-7.1%

98.5%

96.6%

2.0%

97.7%

96.7%

1.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2019

% CHANGE

YTD

2020

48 53

YTD

2019

3 1

9.4%

1%

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

401 405

YTD

2020

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

YTD

2019

% CHANGE

0 0

NC

200%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

35 33.42 1.05

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

16 4.00 4.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 0.25 16.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

BERNARDSVILLE ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

55

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 164

25 120.0%

$48,010,148 $17,367,876 176.4%

YTD 2019

% CHANGE

103 59.2%

$141,273,680 $76,881,880 83.8%

MEDIAN SALE PRICE

$710,000

$637,000 11.5%

$673,500

$619,000

8.8%

AVERAGE SALE PRICE

$872,911

$694,715 25.7%

$861,424

$746,426

15.4%

AVERAGE DAYS ON MARKET

56

110 -49.1%

75

78

-3.8%

% SALES PRICE TO LIST PRICE

97.1%

95.3% 1.9%

95.0%

94.2%

0.9%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

YTD

2020

43.5%

4 3

% CHANGE

YTD

2020

% CHANGE

3 1

33.3%

150%

YTD

2019

ç

35 14

YTD

2019

$3,000,000 AND UP

ç

ç

ç

122 85

YTD

2019

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

200%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

30 10.17 2.95

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 2.92 6.51

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 0.33 9.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 0.25 24.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

BOONTON TOWN ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

% CHANGE

23

78.3%

41

TOTAL DOLLAR VOLUME

$17,713,052 $9,322,740 90.0%

YTD 2020

YTD 2019

105

% CHANGE

96 9.4%

$44,437,976

$38,115,112

16.6%

MEDIAN SALE PRICE

$440,000

$415,000

6.0%

$417,500

$383,500

8.9%

AVERAGE SALE PRICE

$432,025

$405,336

6.6%

$423,219

$397,032

6.6%

41

72

-43.1%

52

52

0.0%

97.4% 4.0%

99.6%

98.6%

0.9%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.3%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

ç

105 96

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

9.4%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 8.75 1.71

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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

BOONTON TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

27

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 73

26 3.8%

$16,890,900 $14,727,900 14.7%

YTD 2019

% CHANGE

63 15.9%

$38,148,200 $35,398,776 7.8%

MEDIAN SALE PRICE

$615,000

$517,000

19.0%

$502,000

$542,500 -7.5%

AVERAGE SALE PRICE

$625,588

$566,457

10.4%

$522,578

$561,885 -7.0%

67

104

-35.6%

99.1%

96.1%

3.0%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

68

77 -11.7%

98.8%

96.8% 2.1%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2019

% CHANGE

YTD

2020

ç

ç

72 60

YTD

2020

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

1 3

20%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

66.7%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 6.00 1.83

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 0.08 60.00

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

BRIDGEWATER TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

% CHANGE

139

48.2%

206

TOTAL DOLLAR VOLUME

$101,265,504 $66,616,732 52.0%

YTD 2020 620

YTD 2019

% CHANGE

575

7.8%

$303,342,772 $278,498,902

8.9%

MEDIAN SALE PRICE

$465,044

$447,500

3.9%

$470,000

$450,000

4.4%

AVERAGE SALE PRICE

$491,580

$479,257

2.6%

$489,263

$484,346

1.0%

40

52

-23.1%

47

53

-12.1%

99.3%

98.0%

1.4%

98.6%

98.0%

0.7%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2019

% CHANGE

YTD

2020

ç

9 12

ç

611 563

YTD

2020

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

8.5%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

25%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

39 50.92 0.77

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 0.75 6.67

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

CALIFON ANNUAL MARKET REPORT 2020

Overview Q4 2020

Q4 2019

% CHANGE

YTD 2020

YTD 2019

% CHANGE

4

1 300.0%

20

9 122.2%

$1,426,900

$629,000 126.9%

$6,678,420

$3,231,034 106.7%

MEDIAN SALE PRICE

$375,950

$629,000 -40.2%

$354,950

$359,900 -1.4%

AVERAGE SALE PRICE

$356,725

$629,000 -43.3%

$333,921

$359,003 -7.0%

AVERAGE DAYS ON MARKET

80

184 -56.5%

% SALES PRICE TO LIST PRICE

99.1%

HOMES SOLD TOTAL DOLLAR VOLUME

98.4% 0.7%

70

99 -29.3%

98.8%

97.5% 1.4%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

ç

20 9

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

122.2%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 1.67 1.80

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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

CHATHAM BORO ANNUAL MARKET REPORT 2020

Overview Q4 2020

Q4 2019

% CHANGE

42

20

110.0%

$42,025,000

$15,893,000

164.4%

MEDIAN SALE PRICE

$886,500

$741,000

19.6%

$850,638

$800,000

6.3%

AVERAGE SALE PRICE

$1,000,595 $794,650 25.9%

$933,731

$883,064

5.7%

48

52

-8.2%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

50

58

-13.8%

99.2%

96.1%

3.3%

YTD 2020

YTD 2019

136

% CHANGE

116 17.2%

$126,987,464 $102,435,551

98.4%

24.0%

97.4% 1.0%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

90 82

YTD

2019

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

45 33

YTD

2019

1 1

36.4%

9.8%

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

0%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 7.50 1.20

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 3.75 2.93

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

CHATHAM TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020

Q4 2019

% CHANGE

68

34

100.0%

$68,160,832

$36,732,900

85.6%

HOMES SOLD TOTAL DOLLAR VOLUME

208

% CHANGE

173 20.2%

$220,050,064 $188,554,984

16.7%

$925,000

6.8%

-7.2%

$1,057,933

$1,089,913

-2.9%

55

-5.5%

56

58

-2.7%

96.4%

1.6%

97.5%

96.5%

1.0%

$1,050,000 $781,500 34.4%

AVERAGE SALE PRICE

$1,002,365

$1,080,379

52 97.9%

% SALES PRICE TO LIST PRICE

YTD 2019

$987,500

MEDIAN SALE PRICE

AVERAGE DAYS ON MARKET

YTD 2020

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

76 58

20.4%

YTD

2019

19 21

31%

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

112 93

YTD

2019

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

YTD

2019

% CHANGE

1 1

NC

9.5%

0%

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

$3,000,000 AND UP

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 9.33 0.75

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 6.33 1.74

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 1.58 2.53

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.08 24.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

CHESTER BORO ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

14

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 32

6 133.3%

YTD 2019

% CHANGE

24

33.3%

$18,105,008 $12,950,900 39.8%

$8,486,000

$2,514,500

237.5%

MEDIAN SALE PRICE

$570,000

$392,250

45.3%

$553,750

$537,500

3.0%

AVERAGE SALE PRICE

$606,142

$419,083

44.6%

$565,781

$539,621

4.8%

72

69

4.3%

84

79

6.6%

98.0%

97.4%

0.6%

97.8%

97.4%

0.5%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

ç

32 24

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

33.3%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 2.67 2.25

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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

CHESTER TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

51

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 164

26 96.2%

$36,311,700 $16,143,500 124.9%

YTD 2019

% CHANGE

116 41.4%

$116,350,608 $78,122,200 48.9%

MEDIAN SALE PRICE

$649,000

$552,500 17.5%

$679,000

$646,000

5.1%

AVERAGE SALE PRICE

$711,994

$620,903 14.7%

$709,455

$673,467

5.3%

AVERAGE DAYS ON MARKET

63

147 -57.1%

76

87

-12.9%

% SALES PRICE TO LIST PRICE

98.4%

96.0% 2.5%

97.9%

96.4%

1.5%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

19 8

YTD

2019

1 0

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

144 108

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

137.5%

33.3%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 12.00 1.25

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 1.58 3.79

$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

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

CLINTON TOWN ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

10

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 53

7 42.9%

YTD 2019

% CHANGE

36

47.2%

$19,562,576 $12,129,500 61.3%

$3,819,000

$2,343,000

63.0%

MEDIAN SALE PRICE

$355,000

$375,000

-5.3%

$350,000

$350,000

0.0%

AVERAGE SALE PRICE

$381,900

$334,714

14.1%

$369,105

$336,930

9.5%

57

45

26.7%

61

62

-2.7%

98.9%

99.1%

-0.1%

98.1%

97.7%

0.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

53 36

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

47.2%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 4.42 0.91

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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

CLINTON TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

72

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 238

43 67.4%

$32,748,828 $19,432,200 68.5%

% CHANGE

YTD 2019

188 26.6%

$108,147,860 $82,779,992 30.6%

MEDIAN SALE PRICE

$465,000

$380,000 22.4%

$439,450

$427,500

2.8%

AVERAGE SALE PRICE

$454,844 $451,911 0.6%

$454,403

$440,319

3.2%

91 -56.0%

55

65

-15.0%

97.0% 2.2%

98.5%

97.3%

1.3%

AVERAGE DAYS ON MARKET

40

% SALES PRICE TO LIST PRICE

99.2%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

237 186

YTD

2019

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

1 2

27.4%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

50%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 19.75 0.61

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.08 24.00

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

FAR HILLS ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

7

% CHANGE

YTD 2020 19

2 250.0%

YTD 2019

% CHANGE

16

18.8%

$4,866,000 $2,453,000 98.4%

$15,102,000

$18,057,926

-16.4%

MEDIAN SALE PRICE

$678,000 $1,226,500 -44.7%

$678,000

$732,500

-7.4%

AVERAGE SALE PRICE

$695,142 $1,226,500 -43.3%

$794,842

$1,128,620

-29.6%

91 0.0%

114

103

11.1%

78.0% 22.0%

93.7%

91.6%

2.3%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

91

% SALES PRICE TO LIST PRICE

95.2%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

YTD

2020

36.4%

0 1

33.3%

% CHANGE

YTD

2020

YTD

2019

0 1

100%

% CHANGE

ç

4 3

YTD

2019

$3,000,000 AND UP

ç

ç

ç

15 11

YTD

2019

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

100%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 1.25 4.00

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 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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

FLORHAM PARK ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

47

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 124

21 123.8%

$36,253,340 $14,967,399 142.2%

YTD 2019

% CHANGE

112 10.7%

$91,037,560

$84,913,616

7.2%

MEDIAN SALE PRICE

$735,000

$606,000 21.3%

$677,750

$625,000

8.4%

AVERAGE SALE PRICE

$771,347 $712,733 8.2%

$734,173

$758,156

-3.2%

35 42.9%

53

54

-2.4%

98.3% 0.0%

98.3%

97.3%

1.0%

AVERAGE DAYS ON MARKET

50

% SALES PRICE TO LIST PRICE

98.3%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

YTD

2019

% CHANGE

YTD

2020

19 20

15.4%

YTD

2019

0 1

5%

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

105 91

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

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

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 8.75 2.29

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 1.58 5.68

$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

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

HARDING TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

26

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 82

13 100.0%

$41,700,700 $16,606,000 151.1%

YTD 2019

% CHANGE

42 95.2%

$112,619,024 $53,820,500 109.2%

MEDIAN SALE PRICE

$1,425,000 $1,200,000 18.8%

$1,184,350

$972,500

21.8%

AVERAGE SALE PRICE

$1,603,873 $1,277,384 25.6%

$1,373,402

$1,281,439

7.2%

127

-33.9%

90.9%

2.7%

AVERAGE DAYS ON MARKET

84

% SALES PRICE TO LIST PRICE

91.6%

84

86 -2.3% 91.1% 0.6%

93.3%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

YTD

2020

14 5

150%

52.2%

% CHANGE

YTD

2020

YTD

2019

% CHANGE

3 2

ç

30 12

YTD

2019

ç

ç

ç

35 23

YTD

2019

$3,000,000 AND UP

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

180%

50%

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

$3,000,000 AND UP

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 2.92 1.71

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 2.50 2.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 1.17 2.57

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 0.25 40.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

LEBANON BORO ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

9

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 17

6 50.0%

$2,711,500 $1,703,400 59.2%

% CHANGE

YTD 2019

30 -43.3%

$5,009,500 $7,596,800 -34.1%

MEDIAN SALE PRICE

$282,500

$278,950

1.3%

$286,000 $268,700 6.4%

AVERAGE SALE PRICE

$301,277

$283,900

6.1%

$294,676

45

36

25.0%

56

51 9.8%

97.8%

96.7%

1.1%

97.8%

98.2% -0.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$253,226 16.4%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

17 30

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

% CHANGE

YTD

2019

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

43.3%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 1.42 1.41

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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

LEBANON TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

% CHANGE

20

30.0%

26

TOTAL DOLLAR VOLUME

$12,587,000 $7,198,273 74.9%

YTD 2020

YTD 2019

87

% CHANGE

64 35.9%

$36,712,620 $21,736,960 68.9%

MEDIAN SALE PRICE

$476,250

$297,000

60.4%

$400,089

$313,000 27.8%

AVERAGE SALE PRICE

$484,115

$359,913

34.5%

$421,984

$339,640 24.2%

44

94

-53.2%

72

74 -3.3%

98.6%

0.2%

97.6%

98.1% -0.5%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

98.8%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

86 64

YTD

2019

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

1 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

34.4%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

16 7.17 2.23

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.08 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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

LONG HILL TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020

Q4 2019

% CHANGE

27

81.5%

$27,068,800 $12,792,400 111.6%

HOMES SOLD

49

TOTAL DOLLAR VOLUME

YTD 2019

% CHANGE

140

111

26.1%

$78,704,320

$56,623,232

39.0%

YTD 2020

MEDIAN SALE PRICE

$515,000

$490,000

5.1%

$514,500

$470,000

9.5%

AVERAGE SALE PRICE

$552,424

$473,792

16.6%

$562,174

$510,118

10.2%

48

66

-27.3%

66

61

7.9%

98.2%

95.7%

2.7%

97.6%

96.3%

1.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

138 109

YTD

2019

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

% CHANGE

YTD

2020

NC

2 2

26.6%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

0%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 11.50 1.13

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.17 12.00

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

MADISON ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

63

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 204

47 34.0%

$54,064,300 $39,330,176 37.5%

YTD 2019

% CHANGE

161 26.7%

$174,871,032 $140,361,584

24.6%

MEDIAN SALE PRICE

$706,000

$715,000 -1.3%

$723,500

$769,000

-5.9%

AVERAGE SALE PRICE

$858,163 $836,812 2.6%

$857,211

$871,811

-1.7%

80 -52.5%

48

66

-26.6%

97.6% -0.1%

97.7%

97.3%

0.5%

AVERAGE DAYS ON MARKET

38

% SALES PRICE TO LIST PRICE

97.5%

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

$0-$999,999 YTD

YTD

2020

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

4 0

% CHANGE

YTD

2020

YTD

2019

0 1

100%

14.6%

28.6%

% CHANGE

ç

47 41

YTD

2019

$3,000,000 AND UP

ç

ç

ç

153 119

YTD

2019

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

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

7

MONTH’S SUPPLY

12.75 0.55

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 3.92 2.81

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 1.33 1.50

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

MAPLEWOOD ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

112

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 389

80 40.0%

YTD 2019

% CHANGE

390

-0.3%

$258,986,712 $233,947,128

10.7%

$78,675,472

$47,246,276

66.5%

MEDIAN SALE PRICE

$706,000

$590,000

19.7%

$670,000

$584,500

14.6%

AVERAGE SALE PRICE

$702,459

$590,578

18.9%

$665,776

$599,864

11.0%

22

35

-37.1%

26

37

-30.5%

107.2%

99.2%

8.1%

104.9%

100.7%

4.2%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

354 365

YTD

2019

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

35 25

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

40%

3.0%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 29.50 0.68

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 2.92 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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

MENDHAM BORO ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

27

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 94

29 -6.9%

$26,337,650 $18,774,700 40.3%

YTD 2019

% CHANGE

93 1.1%

$67,697,152 $61,648,300 9.8%

MEDIAN SALE PRICE

$735,000

$615,000 19.5%

$625,000 $605,000 3.3%

AVERAGE SALE PRICE

$975,468

$647,403 50.7%

$720,182 $662,885 8.6%

81

93 -12.9%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

94.8%

95.5% -0.8%

70

80 -12.5%

95.7%

95.5% 0.3%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

5.8%

2 0

% CHANGE

YTD

2020

YTD

2019

% CHANGE

1 0

ç

10 7

YTD

2019

ç

ç

ç

81 86

YTD

2019

$3,000,000 AND UP

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

42.9%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

23 6.75 3.41

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.83 4.80

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.17 6.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.08 24.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

MENDHAM TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

47

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 147

27 74.1%

$43,254,020 $22,946,500 88.5%

YTD 2019

% CHANGE

96 53.1%

$124,707,576 $85,222,608 46.3%

MEDIAN SALE PRICE

$832,500

$750,000 11.0%

$781,369

$806,250

-3.1%

AVERAGE SALE PRICE

$920,298 $849,870 8.3%

$848,351

$887,736

-4.4%

77 -18.2%

66

70

-5.7%

94.7% 1.4%

96.4%

95.3%

1.1%

AVERAGE DAYS ON MARKET

63

% SALES PRICE TO LIST PRICE

96.1%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

36 25

YTD

2019

0 2

44%

60.9%

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

111 69

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

18 9.25 1.95

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

22 3.00 7.33

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

AVG SALES PER MONTH

2 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

5 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

MILLBURN ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

114

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 369

53 115.1%

$153,214,624 $66,611,244 130.0%

YTD 2019

% CHANGE

296 24.7%

$505,719,616 $381,963,058 32.4%

MEDIAN SALE PRICE

$1,255,000

$1,050,000

19.5%

$1,228,000 $1,129,000 8.8%

AVERAGE SALE PRICE

$1,343,987

$1,256,815

6.9%

$1,370,514 $1,290,415 6.2%

AVERAGE DAYS ON MARKET

48

% SALES PRICE TO LIST PRICE

97.9%

51

63 -23.8% 95.7% 2.3%

58 -12.1%

97.8%

96.0%

1.9%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

170 130

YTD

2019

48 28

% CHANGE

YTD

2020

YTD

2019

% CHANGE

10 10

NC

71.4%

0%

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

$3,000,000 AND UP

30.8%

10.2%

$3,000,000 AND UP

ç

ç

ç

141 128

YTD

2019

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

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 11.75 1.11

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 14.17 0.85

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 4.00 3.25

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 0.83 16.80

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

MORRIS PLAINS ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

% CHANGE

23

43.5%

33

TOTAL DOLLAR VOLUME

$16,738,300 $11,713,500 42.9%

MEDIAN SALE PRICE

$558,000

$522,500

6.8%

AVERAGE SALE PRICE

$507,221

$509,282

-0.4%

31

31

0.0%

99.6%

98.9%

0.7%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2020

% CHANGE

YTD 2019

91

92 -1.1%

$45,666,768 $45,295,716 0.8% $500,000

$515,000 -2.9%

$501,833 $492,344 1.9% 39

33 18.6%

98.9%

99.2%

-0.3%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

91 92

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

% CHANGE

YTD

2019

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

1.1%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 7.58 0.66

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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

MORRIS TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

125

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 387

89 40.4%

YTD 2019

% CHANGE

340

13.8%

$254,628,836 $211,432,072

20.4%

$84,984,936

$51,885,396

63.8%

MEDIAN SALE PRICE

$669,900

$572,000

17.1%

$624,900

$594,750

5.1%

AVERAGE SALE PRICE

$679,879

$582,982

16.6%

$657,956

$621,859

5.8%

33

50

-34.0%

43

54

-20.2%

99.1%

97.5%

1.7%

98.7%

97.3%

1.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

26 16

11.8%

YTD

2019

0 1

62.5%

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

361 323

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

32 30.08 1.06

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 2.17 5.08

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

MORRISTOWN ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

59

% CHANGE

YTD 2020

YTD 2019

177

47 25.5%

% CHANGE

167 6.0%

$28,771,180 $22,454,400 28.1%

$88,791,912

$82,244,100

8.0%

MEDIAN SALE PRICE

$475,000 $470,000 1.1%

$445,000

$461,000

-3.5%

AVERAGE SALE PRICE

$487,647 $477,753 2.1%

$501,649

$492,480

1.9%

64 -48.4%

42

51

-18.7%

97.9% 1.0%

98.1%

97.9%

0.2%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

33

% SALES PRICE TO LIST PRICE

98.8%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

4 4

YTD

2020

NC

YTD

2019

0 1

0%

6.8%

% CHANGE

YTD

2020

ç

ç

173 162

YTD

2019

$3,000,000 AND UP

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

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

37 14.42 2.57

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 0.33 24.00

$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

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Source: GSMLS 1/8/21 & Trendgraphix

MOUNTAIN LAKES ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

23

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 91

18 27.8%

$19,395,500 $12,319,900 57.4%

% CHANGE

YTD 2019

78 16.7%

$76,210,008 $65,377,528 16.6%

MEDIAN SALE PRICE

$820,000

$655,000 25.2%

$750,000 $731,250 2.6%

AVERAGE SALE PRICE

$843,282

$684,438

23.2%

$837,472

$838,173 -0.1%

78 -38.5%

83

73 13.7%

AVERAGE DAYS ON MARKET

48

% SALES PRICE TO LIST PRICE

98.1%

95.4% 2.8%

96.1%

94.4% 1.8%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

20 18

18.6%

YTD

2020

ç

ç

70 59

YTD

2019

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

2019

1 1

11.1%

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

0%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 5.83 1.54

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 1.67 3.60

$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

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2021 Turpin Realtors

Source: GSMLS 1/8/21 & Trendgraphix

NEW PROVIDENCE ANNUAL MARKET REPORT 2020

Overview Q4 2020

Q4 2019

% CHANGE

64

52

23.1%

$44,261,104

$31,141,162

42.1%

$122,204,352

$102,741,744

18.9%

MEDIAN SALE PRICE

$625,000

$574,500

8.8%

$640,000

$579,000

10.5%

AVERAGE SALE PRICE

$691,579

$598,868

15.5%

$682,706

$600,828

13.6%

27

49

-44.9%

43

46

-5.7%

98.4% 1.9%

99.1%

98.1%

1.0%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.3%

YTD 2020

YTD 2019

179

% CHANGE

171 4.7%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

166 164

YTD

2019

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

13 7

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

85.7%

1.2%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

18 13.83 1.30

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 1.08 0.92

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

PEAPACK-GLADSTONE ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

9

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 36

8 12.5%

$7,960,000 $11,104,000 -28.3%

YTD 2019

% CHANGE

29 24.1%

$31,104,500 $25,935,000 19.9%

MEDIAN SALE PRICE

$725,000

$812,500 -10.8%

$705,000

$775,000 -9.0%

AVERAGE SALE PRICE

$884,444 $1,388,000 -36.3%

$864,013

$894,310 -3.4%

AVERAGE DAYS ON MARKET

54

% SALES PRICE TO LIST PRICE

95.4%

58

98 -44.9% 84.0% 13.6%

85 -31.8%

95.2%

90.7% 4.9%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

YTD

2020

2 0

% CHANGE

YTD

2020

YTD

2019

0 1

400%

7.4%

% CHANGE

ç

5 1

YTD

2019

$3,000,000 AND UP

ç

ç

ç

29 27

YTD

2019

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

100.0%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 2.42 1.66

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.42 9.60

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.17 6.00

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

RANDOLPH TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

131

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 372

82 59.8%

YTD 2019

% CHANGE

327

13.8%

$205,113,816 $171,638,208

19.5%

$74,954,600

$42,461,848

76.5%

MEDIAN SALE PRICE

$545,000

$495,000

10.1%

$537,500

$515,000

4.4%

AVERAGE SALE PRICE

$572,172

$517,827

10.5%

$551,381

$524,886

5.0%

34

78

-56.4%

46

58

-21.2%

99.7%

97.3%

2.4%

99.0%

97.6%

1.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

366 323

YTD

2019

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

6 4

13.3%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

50%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

42 30.50 1.38

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.50 4.00

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

READINGTON TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

100

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 288

53 88.7%

YTD 2019

% CHANGE

231

24.7%

$138,933,492 $100,998,900

37.6%

$49,804,580

$22,772,578

118.7%

MEDIAN SALE PRICE

$517,000

$437,000

18.3%

$490,000

$444,999

10.1%

AVERAGE SALE PRICE

$498,045

$429,671

15.9%

$482,408

$437,224

10.3%

55

85

-35.3%

61

70

-12.1%

98.7%

98.2%

0.5%

98.9%

97.6%

1.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

288 231

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

24.7%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

39 24.00 1.63

INVENTORY

AVG SALES PER MONTH

5 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

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

SUMMIT ANNUAL MARKET REPORT 2020

Overview Q4 2020

Q4 2019

% CHANGE

64

54.7%

$118,769,768 $60,514,884 96.3%

HOMES SOLD

99

TOTAL DOLLAR VOLUME

% CHANGE

363

252

44.0%

$413,681,304

$264,440,180

56.4%

$960,000

$924,500

3.8%

$955,000

$842,500

13.4%

$1,199,694

$945,545

26.9%

46

49

-6.1%

46

49

-5.0%

99.0%

96.8%

2.3%

98.3%

96.9%

1.4%

MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2019

YTD 2020

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$1,139,618 $1,049,365 8.6%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

28 13

60.5%

26.7%

% CHANGE

YTD

2020

YTD

2019

% CHANGE

ç

138 86

YTD

2019

$3,000,000 AND UP

ç

ç

ç

190 150

YTD

2019

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

7 3

115.4%

133.3%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 15.83 1.26

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

18 11.50 1.57

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 2.33 1.29

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 0.58 10.29

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

TEWKSBURY TWP. ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

50

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 158

23 117.4%

$39,673,568 $14,443,350 174.7%

YTD 2019

% CHANGE

90 75.6%

$111,915,512 $62,748,952 78.4%

MEDIAN SALE PRICE

$737,500

$510,000 44.6%

$667,500

$592,500

12.7%

AVERAGE SALE PRICE

$793,471

$627,971 26.4%

$708,326

$697,211

1.6%

AVERAGE DAYS ON MARKET

57

175 -67.4%

96

133

-27.8%

% SALES PRICE TO LIST PRICE

97.2%

94.4% 2.9%

97.0%

94.6%

2.5%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

79.7%

2 0

% CHANGE

YTD

2020

YTD

2019

% CHANGE

ç

14 10

YTD

2019

ç

ç

ç

142 79

YTD

2019

$3,000,000 AND UP

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

0 1

100%

40%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

21 11.83 1.77

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 1.17 10.29

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 0.17 24.00

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

WARREN ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

66

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 205

55 20.0%

$58,256,916 $47,807,700 21.9%

YTD 2019

% CHANGE

190 7.9%

$166,028,424 $159,378,895

4.2%

MEDIAN SALE PRICE

$795,000 $830,000 -4.2%

$751,000

$826,000

-9.1%

AVERAGE SALE PRICE

$882,680 $869,230 1.5%

$809,895

$838,836

-3.5%

95 -54.7%

63

77

-18.1%

94.3% 2.9%

96.6%

95.2%

1.5%

AVERAGE DAYS ON MARKET

43

% SALES PRICE TO LIST PRICE

97.0%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

44 34

4.6%

YTD

2019

1 3

% CHANGE

YTD

2020

ç

ç

ç

160 153

YTD

2019

$3,000,000 AND UP

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

YTD

2019

% CHANGE

0 0

NC

66.7%

29.4%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

30 13.33 2.25

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

28 3.67 7.64

$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

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

WASHINGTON TWP. (MORRIS COUNTY) ANNUAL MARKET REPORT 2020

Overview Q4 2020

Q4 2019

% CHANGE

79

71

11.3%

$40,836,140

$30,144,300

35.5%

MEDIAN SALE PRICE

$490,000

$435,000

12.6%

$475,000

$450,000

5.6%

AVERAGE SALE PRICE

$516,913

$424,567

21.8%

$493,384

$439,731

12.2%

38

56

-32.1%

61

60

2.1%

97.9% 3.2%

98.8%

97.6%

1.2%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.0%

YTD 2020 293

YTD 2019

% CHANGE

252

16.3%

$144,561,776 $110,812,158

30.5%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

291 252

YTD

2019

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

2 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

15.5%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

24 24.25 0.99

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.17 12.00

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

WATCHUNG ANNUAL MARKET REPORT 2020

Overview Q4 2020

Q4 2019

% CHANGE

19

10.5%

$15,189,400 $13,307,000 14.1%

HOMES SOLD

21

TOTAL DOLLAR VOLUME

YTD 2019

% CHANGE

79

79

0.0%

$60,125,432

$61,134,216

-1.7%

YTD 2020

MEDIAN SALE PRICE

$699,000

$550,000

27.1%

$662,500

$680,000

-2.6%

AVERAGE SALE PRICE

$723,304

$700,368

3.3%

$761,081

$773,850

-1.6%

66

56

17.9%

97.3%

95.9%

1.5%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

58

71 -18.3%

96.0%

96.2% -0.3%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

NC

13 13

YTD

2019

1 0

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

65 66

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

0%

1.5%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 5.42 2.03

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 1.08 12.92

$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

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

WESTFIELD ANNUAL MARKET REPORT 2020

Overview Q4 2020 HOMES SOLD

Q4 2019

% CHANGE

97

44.3%

140

TOTAL DOLLAR VOLUME

$125,730,440 $76,000,512 65.4%

YTD 2020

YTD 2019

513

% CHANGE

422 21.6%

$443,724,816 $344,870,384 28.7%

MEDIAN SALE PRICE

$825,000

$678,000

21.7%

$800,000 $747,000 7.1%

AVERAGE SALE PRICE

$898,074

$783,510

14.6%

$864,961 $817,228 5.8%

42

58

-27.6%

99.3%

96.3%

3.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

50

54 -7.4%

98.9%

96.9% 2.1%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

372 332

YTD

2019

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

137 86

YTD

2019

3 3

59.3%

12.0%

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

1 1

NC

0%

0%

Supply and Demand (as of December 31, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

36 31.00 1.16

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

18 11.42 1.58

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 0.25 12.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.08 12.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/8/21 & Trendgraphix

2020 PRESIDENT’S CLUB

1st Row: Gwendolyn “Wendy” Barisonek, Steven Barisonek, Theresa Beneventine, Richard Burgstresser Jr, Elizabeth Caravetta, Ashley Christus, Deirdre Coleman, Karen Columbro 2nd Row: Nancy Cook, Gerry-Jo Cranmer, Linda DiForio, Kathleen Doran, Pamela Fairley, Leigh Fenwick Victoria and Peter Fife, David Forgione 3rd Row: Valerie Fraser, Brian Hays, Linda Heffernan, Christopher Herold, Michele Hill, Stephanie Horman, Janet Hoven, Michael Joyce 4th Row: Mary Licata, Jane MacNeil, Suzanne McGratty, Susan Miller, Denise Mortenson, Mara Nydam, Sharon Ortepio, Hilary Prouty 5th Row: Noreen Ryan, Robert Sameth Jr, Liza Saunders, Whitney Saunders, Molly Scott, Bryan Seavey, Kathryn Shurtleff, Suzan Sletteland 6th Row: Holly Suminski Caroline Taylor, Molly Tonero, Karen Tourville, Jill Turpin, Catherine Weinstock, Elizabeth “Lisa” Winter.

Not Pictured: John Schott

www.TurpinRealtors.com Bernardsville 908-766-6500

Mendham 973-543-7400

Far Hills 908-234-9100

Chatham 973-635-5555

Oldwick 908-439-3300