Annual Market Report 2021 I Turpin Realtors

NORTH CENTRAL NEW JERSEY

MARKET REPORT ANNUAL 2021

ANNUAL MARKET REPORT 2021

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 1/10/22.

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.

CONTENTS

ANNUAL MARKET REPORT 2021

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: 24 Old Orchard Rd, Mendham Twp.

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

COMMENTARY 2021 was a record-setting year nationwide, and our area was no exception, with a year-over-year increase of 7% in units sold across the thirty-nine towns we study.

Overall, inventory remains extremely tight, especially in the more popular price ranges. Amid this surge of activity, we also see evidence that the frenzied pace is beginning to abate. While most towns finished 2021 substantially ahead of the year prior, fourth quarter results declined significantly for almost all towns we surveyed in both units and total dollar volume as compared to the same period last year. Though the overall brisk pace of sales and the accompanying increase in home prices has been exciting, we also welcome this bit of moderation, which should in turn support the longer-term stability of our market.

At the end of 2021, inventory across our region was still in short supply. For homes priced under $2 million, supply in most towns remains well below the six-month balanced-market indicator. For homes priced under $1 million, supply is even more seriously challenged, with less than one month’s supply in most towns. Lack of inventory is a major factor behind declines in the number of transactions in this price range, and as long as demand is this high we can expect to see upward pressure on prices.

As noted in previous reports, the $1 million to $2 million market segment continues to show impressive year-over-year growth in unit sales. This trend is expanding into the $2-3 million range as well. 2021 marks the first time in recent memory that we have seen demonstrable improvement in the $3 million-plus segment across our region.

Year-over year home sales were up 133% in aggregate, albeit with significant variation in performance from town to town. Although some locales still report an oversupply at the high end, improvement here is another welcome change.

As we look forward to a busy spring on the horizon, I invite you to call upon one of our talented Realtors to help you assess the particulars of your own situation. It would be our pleasure to assist with anything from sending neighborhood activity reports via email to meeting for a personalized consultation or market analysis.

John Turpin, President

www.TurpinRealtors.com/Reports © 2022 Turpin Realtors

Source: GSMLS and TrendGraphix

BEDMINSTER ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

46

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 248

92 -50%

$18,179,700 $44,385,552 -59%

YTD 2020

% CHANGE

222 11.7%

$115,134,496 $99,146,348 16.1%

MEDIAN SALE PRICE

$365,000

$376,500 -3.1%

$386,250

$365,000

5.8%

AVERAGE SALE PRICE

$395,210

$482,451 -18.1%

$464,252

$446,605

4%

AVERAGE DAYS ON MARKET

29

39 -25.6%

35

50

-29.2%

% SALES PRICE TO LIST PRICE

99.9%

98.7% 1.2%

98.9%

97.6%

1.3%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2020

% CHANGE

YTD

2021

12%

3 1

% CHANGE

YTD

2021

YTD

2020

0 1

200%

25%

% CHANGE

ç

3 4

YTD

2020

$3,000,000 AND UP

ç

ç

ç

242 216

YTD

2021

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

100%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 20.17 0.60

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.25 12.00

$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

7 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

BERKELEY HEIGHTS ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

43

60

-28.3%

$24,618,500

$41,869,268

MEDIAN SALE PRICE

$550,000

AVERAGE SALE PRICE

YTD 2020

% CHANGE

234

200

17%

-41.2%

$158,519,092

$131,494,664

20.6%

$699,500

-21.4%

$651,000

$625,000

4.2%

$572,523

$697,821

-18%

$677,432

$657,473

3%

37

37

0%

32

56

-42.9%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.7%

YTD 2021

99.2% 2.5%

101.7% 98.7% 3%

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

$0-$999,999 YTD

YTD

2021

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

219 187

YTD

2020

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

15 13

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

15.4%

17.1%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

9

MONTH’S SUPPLY

18.25 0.49

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 1.25 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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

BERNARDS TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

125

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021

YTD 2020

567

138 -9.4%

% CHANGE

452 25.4%

$418,407,564 $300,237,592

39.4%

$82,613,760

$94,825,200

-12.9%

MEDIAN SALE PRICE

$580,000

$686,450

-15.5%

$665,000

$640,000

3.9%

AVERAGE SALE PRICE

$660,910

$687,139

-3.8%

$737,932

$664,242

11.1%

30

51

-41.2%

29

58

-48.8%

101%

98.5%

2.5%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.6% 97.7% 3%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2020

% CHANGE

YTD

2021

4 3

143.8%

11%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

1 0

ç

117 48

YTD

2020

$3,000,000 AND UP

ç

ç

ç

445 401

YTD

2021

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

33.3%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 37.08 0.30

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 9.75 0.72

$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

1 0.08 12.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

BERNARDSVILLE ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

41

55

-25.5%

$41,306,088

$48,010,148

-14%

$717,500

$710,000

1.1%

$766,000

$673,500

13.7%

$1,007,466

$872,911

15.4%

$936,861

$861,424

8.8%

70

56

25%

75

75

0%

96.8%

97.1%

-0.3%

98%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

YTD 2020

187

% CHANGE

164 14%

$175,192,880 $141,273,680

24%

95%

3.1%

Sales by Price $0-$999,999 YTD

YTD

2021

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

4.9%

10 4

% CHANGE

YTD

2021

% CHANGE

2 3

150%

34.3%

YTD

2020

ç

47 35

YTD

2020

$3,000,000 AND UP

ç

ç

ç

128 122

YTD

2020

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

33.3%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

3

MONTH’S SUPPLY

10.67 0.28

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 3.92 1.53

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 0.83 3.60

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.17 12.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

BOONTON TOWN ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

41

-39%

$11,824,150

$17,713,052

-33.2%

$49,464,548

$44,437,976

11.3%

MEDIAN SALE PRICE

$415,000

$440,000

-5.7%

$455,000

$417,500

9%

AVERAGE SALE PRICE

$472,966

$432,025

9.5%

$480,238

$423,219

13.5%

33

41

-19.5%

31

52

-40.4%

HOMES SOLD

25

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.2%

101.3% -0.1%

YTD 2021

YTD 2020

103

% CHANGE

105 -1.9%

102.1%

99.6% 2.5%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

ç

103 105

YTD

2020

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

% CHANGE

YTD

2021

NC

0 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

1.9%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 8.58 0.58

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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

BOONTON TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

18

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 70

27 -33.3%

$13,981,305 $16,890,900 -17.2%

YTD 2020

% CHANGE

73 -4.1%

$51,456,752 $38,148,200 34.9%

MEDIAN SALE PRICE

$718,500

$615,000 16.8%

$719,750

$502,000 43.4%

AVERAGE SALE PRICE

$776,739

$625,588 24.2%

$735,096

$522,578 40.7%

34

67 -49.3%

50

68 -26.5%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

96.9%

99.1% -2.2%

98.8% 98.8% 0%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

63 72

YTD

2020

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

6 1

YTD

2020

1 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

12.5%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 5.25 0.38

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.50 2.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.08 12.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

BRIDGEWATER TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

181

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021

YTD 2020

673

206 -12.1%

% CHANGE

620 8.5%

$367,842,840 $303,342,772

21.3%

$97,350,784

$101,265,504

-3.9%

MEDIAN SALE PRICE

$507,500

$465,044

9.1%

$530,000

$470,000

12.8%

AVERAGE SALE PRICE

$537,849

$491,580

9.4%

$546,572

$489,263

11.7%

32

40

-20%

31

47

-33.6%

101%

99.3%

1.7%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.6% 98.6% 3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2020

% CHANGE

YTD

2021

ç

23 9

ç

650 611

YTD

2021

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

6.4%

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

155.6%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

21 54.17 0.39

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 1.92 3.13

$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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

CALIFON ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

4

25%

$2,053,050

$1,426,900

43.9%

MEDIAN SALE PRICE

$399,000

$375,950

6.1%

$404,500

$354,950

14%

AVERAGE SALE PRICE

$410,610

$356,725

15.1%

$411,567

$333,921

23.3%

45

80

-43.8%

28

70

-60%

HOMES SOLD

5

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.5%

YTD 2021

YTD 2020

36

% CHANGE

20 80%

$14,816,420 $6,678,420 121.9%

99.1% 1.4%

100.5%

98.8% 1.8%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

ç

36 20

YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

NC

0 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

80%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 3.00 1.33

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

CHATHAM BORO ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

34

42

-19%

$33,085,000

$42,025,000

-21.3%

MEDIAN SALE PRICE

$876,500

$886,500

-1.1%

AVERAGE SALE PRICE

$973,088

$1,000,595

-2.7%

32

50

-36%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.4%

YTD 2021

YTD 2020

178

% CHANGE

136 30.9%

$186,882,732 $126,987,464

99.2% 2.2%

$956,000

$850,638

47.2% 12.4%

$1,049,903 $933,731 12.4% 35 100.6%

48

-27.1%

98.4%

2.2%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

67 45

YTD

2020

7 1

% CHANGE

YTD

2021

YTD

2020

% CHANGE

0 0

NC

600%

48.9%

15.6%

$3,000,000 AND UP

ç

ç

ç

104 90

YTD

2020

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

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 8.67 0.46

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 5.58 0.36

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.58 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

CHATHAM TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

53

68

-22.1%

$58,744,500

$68,160,832

-13.8%

$975,000

$1,050,000

-7.1%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2021 218

% SALES PRICE TO LIST PRICE

38

52

-26.9%

99.6%

97.9%

1.7%

% CHANGE

208 4.8%

$249,050,680 $220,050,064

$1,108,386 $1,002,365 10.6%

AVERAGE DAYS ON MARKET

YTD 2020

13.2%

$1,080,000 $987,500 9.4% $1,142,434 $1,057,933 32

56

100.4%

8% -43.3%

97.5% 3.1%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2020

% CHANGE

YTD

2021

23 19

% CHANGE

YTD

2021

% CHANGE

2 1

21.1%

19.7%

YTD

2020

ç

8.9%

YTD

2020

$3,000,000 AND UP

ç

ç

91 76

ç

102 112

YTD

2021

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

100%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 8.50 0.71

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 7.58 1.58

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 1.92 1.04

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.17 6.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

CHESTER BORO ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

6

14

-57.1%

$3,624,000

$8,486,000

-57.3%

MEDIAN SALE PRICE

$636,500

$570,000

11.7%

$636,000

$553,750 14.9%

AVERAGE SALE PRICE

$604,000

$606,142

-0.4%

$623,995

$565,781 10.3%

20

72

-72.2%

30

84 -64.3%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.5%

YTD 2021

YTD 2020

22

% CHANGE

32 -31.3%

$13,727,899 $18,105,008 -24.2%

98% 3.6%

92.6%

97.8% -5.3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

ç

22 32

YTD

2020

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

% CHANGE

YTD

2021

NC

0 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

31.3%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 1.83 0.55

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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

CHESTER TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

36

51

-29.4%

$28,962,100

$36,311,700

-20.2%

MEDIAN SALE PRICE

$702,000

$649,000

8.2%

$730,000

$679,000

7.5%

AVERAGE SALE PRICE

$804,502

$711,994

13%

$813,188

$709,455

14.6%

36

63

-42.9%

51

76

-32.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.2%

YTD 2021

YTD 2020

165

% CHANGE

164 0.6%

$134,175,964 $116,350,608

98.4% 1.8%

100.2%

15.3%

97.9% 2.4%

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

$0-$999,999 YTD

YTD

2021

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

37 19

YTD

2020

2 1

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

126 144

YTD

2020

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

YTD

2020

% CHANGE

0 0

NC

94.7%

12.5%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

6

MONTH’S SUPPLY

10.50 0.57

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 3.08 0.97

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 0.17 12.00

INVENTORY

AVG SALES PER MONTH

3 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

CLINTON TOWN ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

8

10

-20%

$3,820,500

$3,819,000

MEDIAN SALE PRICE

$473,750

AVERAGE SALE PRICE

YTD 2020

% CHANGE

48

53

-9.4%

0.04%

$20,041,500

$19,562,576

2.4%

$355,000

33.5%

$387,500

$350,000

10.7%

$477,562

$381,900

25%

$417,531

$369,105

13.1%

20

57

-64.9%

25

61

-58.7%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.5%

98.9% 2.6%

YTD 2021

101.2%

98.1% 3.1%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

ç

48 53

YTD

2020

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

% CHANGE

YTD

2021

NC

0 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

9.4%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 4.00 2.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

CLINTON TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

48

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 238

72 -33.3%

$24,965,904 $32,748,828 -23.8%

% CHANGE

YTD 2020

238 0%

$123,282,536 $108,147,860

14%

MEDIAN SALE PRICE

$492,450 $465,000 5.9%

$492,500

$439,450

12.1%

AVERAGE SALE PRICE

$520,123

$454,844 14.4%

$517,994

$454,403

14%

30

40 -25%

31

55

-43%

102%

99.2% 2.8%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.4%

98.5% 2.9%

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

$0-$999,999 YTD

YTD

2021

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

232 237

YTD

2020

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

6 1

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

2.1%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

8

MONTH’S SUPPLY

19.33 0.41

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.50 0.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

FAR HILLS ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

7

TOTAL DOLLAR VOLUME

YTD 2021 23

7 0%

YTD 2020

% CHANGE

19

21.1%

$8,680,000

$4,866,000

78.4%

$27,357,496

$15,102,000

81.2%

$815,000

$678,000

20.2%

$755,000

$678,000

11.4%

MEDIAN SALE PRICE AVERAGE SALE PRICE

% CHANGE

$1,240,000 $695,142 78.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$1,189,456 $794,842 49.6%

74

91

-18.7%

84

114

-26.4%

99.5%

95.2%

4.6%

94.8%

93.7%

1.2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

% CHANGE

YTD

2021

NC

4 4

YTD

2020

2 0

% CHANGE

YTD

2021

YTD

2020

% CHANGE

2 0

ç

NC

YTD

2020

$3,000,000 AND UP

ç

15 15

YTD

2021

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

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 1.25 1.60

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.33 0.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.17 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.17 24.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

FLORHAM PARK ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

32

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 140

47 -31.9%

$23,423,778 $36,253,340 -35.4%

YTD 2020

% CHANGE

124 12.9%

$108,387,816 $91,037,560 19.1%

MEDIAN SALE PRICE

$662,500

$735,000 -9.9%

$680,000

$677,750

0.3%

AVERAGE SALE PRICE

$731,993

$771,347 -5.1%

$774,199

$734,173

5.5%

50 -34%

47

53

-12.2%

98.4% 98.4% 0%

99%

98.3%

0.7%

AVERAGE DAYS ON MARKET

33

% SALES PRICE TO LIST PRICE

Sales by Price $0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

YTD

2020

% CHANGE

YTD

2021

22 19

YTD

2020

2 0

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

116 105

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

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

YTD

2020

% CHANGE

0 0

NC

15.8%

10.5%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 9.67 0.83

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 1.83 3.27

$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

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

HARDING TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

19

26

-26.9%

$31,513,088

$41,700,700

-24.4%

HOMES SOLD TOTAL DOLLAR VOLUME

YTD 2021 75

YTD 2020

% CHANGE

82

-8.5%

$127,298,488 $112,619,024

13%

MEDIAN SALE PRICE

$1,600,000 $1,425,000 12.3%

$1,490,000 $1,184,350 25.8%

AVERAGE SALE PRICE

$1,658,583 $1,603,873 3.4%

$1,697,313 $1,373,402 23.6%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

46

84

-45.2%

59

84

-29.8%

96.5%

91.6%

5.3%

96.5%

93.3%

3.5%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

NC

30 30

YTD

2020

19 14

34.3%

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

23 35

YTD

2020

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

YTD

2020

% CHANGE

3 3

NC

35.7%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 1.92 1.57

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 2.50 2.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 1.58 1.26

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 0.25 28.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

LEBANON BORO ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

7

9

-22.2%

$1,762,000

$2,711,500

-35%

MEDIAN SALE PRICE

$250,000

$282,500

-11.5%

$302,500

$286,000

5.8%

AVERAGE SALE PRICE

$251,714

$301,277

-16.5%

$313,950

$294,676

6.5%

27

45

-40%

38

56

-32.1%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.7%

YTD 2021

% CHANGE

YTD 2020

32

17 88.2%

$10,046,427 $5,009,500 100.5%

97.8% 2.9%

100.2%

97.8% 2.4%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

ç

32 17

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

% CHANGE

YTD

2020

YTD

2021

NC

0 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

88.2%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 2.67 1.13

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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

LEBANON TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

YTD 2021

YTD 2020

% CHANGE

26 0%

96

87

10.3%

$14,025,700 $12,587,000 11.4%

$48,039,900

$36,712,620

30.9%

HOMES SOLD

26

TOTAL DOLLAR VOLUME

% CHANGE

MEDIAN SALE PRICE

$460,000

$476,250 -3.4%

$447,500

$400,089

11.9%

AVERAGE SALE PRICE

$539,450

$484,115 11.4%

$500,416

$421,984

18.6%

53

44 20.5%

45

72

-37.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

99.6%

98.8% 0.8%

100.7%

97.6% 3.2%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

94 86

YTD

2020

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

2 1

9.3%

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

100%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 7.83 1.28

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.17 6.00

$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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

LONG HILL TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

35

49

-28.6%

$23,081,872

$27,068,800

-14.7%

$97,950,208

$78,704,320

24.5%

MEDIAN SALE PRICE

$599,000

$515,000

16.3%

$616,000

$514,500

19.7%

AVERAGE SALE PRICE

$659,482

$552,424

19.4%

$653,001

$562,174

16.2%

27

48

-43.8%

31

66

-52.9%

98.2% 2.8%

101%

97.6%

3.5%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.9%

YTD 2021

YTD 2020

150

% CHANGE

140 7.1%

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

$0-$999,999 YTD

YTD

2021

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

143 138

YTD

2020

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

7 2

3.6%

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

250%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

6

MONTH’S SUPPLY

11.92 0.50

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.58 3.43

$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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

MADISON ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

40

63

-36.5%

$30,801,500

$54,064,300

-43%

MEDIAN SALE PRICE

$670,000

$706,000

-5.1%

$797,000

$723,500

10.2%

AVERAGE SALE PRICE

$770,037

$858,163

-10.3%

$953,987

$857,211

11.3%

29

38

-23.7%

32

48

-34.7%

97.9%

97.5%

0.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

YTD 2020

198

% CHANGE

204 -2.9%

$188,889,440 $174,871,032

99.6%

8%

97.7% 1.9%

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

$0-$999,999 YTD

YTD

2021

2020

% CHANGE

YTD

2020

% CHANGE

YTD

2021

68 47

YTD

2020

6 4

44.7%

19%

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

124 153

YTD

2021

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

YTD

2020

% CHANGE

0 0

NC

50%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

8

MONTH’S SUPPLY

10.33 0.77

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 5.67 0.18

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 2.00 0.50

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

MAPLEWOOD ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

76

112

-32.1%

$53,249,784

$78,675,472

-32.3%

MEDIAN SALE PRICE

$651,000

$706,000

-7.8%

$750,000

$670,000

11.9%

AVERAGE SALE PRICE

$700,655

$702,459

-0.3%

$758,242

$665,776

13.9%

24

22

9.1%

22

26

-15.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

107.9%

YTD 2021

YTD 2020

381

% CHANGE

389 -2.1%

$288,890,120 $258,986,712

107.2% 0.7%

11.5%

109.1% 104.9% 4%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2020

% CHANGE

YTD

2021

65 35

YTD

2020

1 0

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

315 354

YTD

2021

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

YTD

2020

% CHANGE

0 0

NC

85.7%

11%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 26.25 0.46

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 5.42 0.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.08 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

MENDHAM BORO ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

21

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 97

27 -22.2%

$19,714,500 $26,337,650 -25.1%

YTD 2020

% CHANGE

94 3.2%

$82,013,704 $67,697,152 21.1%

MEDIAN SALE PRICE

$842,500

$735,000

14.6%

$714,000

$625,000 14.2%

AVERAGE SALE PRICE

$938,785

$975,468

-3.8%

$845,502

$720,182 17.4%

81 -54.3%

53

70 -24.5%

AVERAGE DAYS ON MARKET

37

% SALES PRICE TO LIST PRICE

101.2%

94.8% 6.8%

98.3%

95.7% 2.7%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

4.9%

1 2

70%

% CHANGE

YTD

2021

YTD

2020

2 1

50%

% CHANGE

ç

17 10

YTD

2020

$3,000,000 AND UP

ç

ç

ç

77 81

YTD

2020

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

100%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 6.42 0.47

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 1.42 3.53

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.08 12.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.17 12.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

MENDHAM TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

23

47

-51.1%

$25,745,924

$43,254,020

-40.5%

$910,000

$832,500

9.3%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2021 146

% SALES PRICE TO LIST PRICE

% CHANGE

147 -0.7%

$164,373,520 $124,707,576

$1,119,388 $920,298 21.6%

AVERAGE DAYS ON MARKET

YTD 2020

$952,550

$781,369

31.8% 21.9%

$1,125,846 $848,351 32.7%

57

63

-9.5%

61

66

-7.6%

94.3%

96.1%

-1.9%

97.5%

96.4%

1.2%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

7 0

% CHANGE

YTD

2021

YTD

2020

% CHANGE

4 0

ç

52 36

YTD

2020

$3,000,000 AND UP

ç

ç

ç

83 111

YTD

2020

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

44.4%

25.2%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 6.92 0.43

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 4.33 2.31

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.58 1.71

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.33 3.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

MILLBURN ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

% CHANGE

114

-30.7%

79

TOTAL DOLLAR VOLUME

$105,539,880 $153,214,624 -31.1%

YTD 2021

YTD 2020

395

% CHANGE

369 7%

$597,511,892 $505,719,616

18.2%

MEDIAN SALE PRICE

$1,250,000 $1,255,000 -0.4%

$1,350,000 $1,228,000 9.9%

AVERAGE SALE PRICE

$1,335,947 $1,343,987 -0.6%

$1,512,688 $1,370,514 10.4%

AVERAGE DAYS ON MARKET

32

% SALES PRICE TO LIST PRICE

48

100.6%

32

-33.3%

97.9% 2.7%

51

100.6%

-37.3%

97.8% 2.9%

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

$0-$999,999 YTD

YTD

2021

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

61 48

8.2%

9.2%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

ç

184 170

YTD

2020

$3,000,000 AND UP

ç

ç

ç

128 141

YTD

2020

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

22 10

120%

27.1%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

4

MONTH’S SUPPLY

10.67 0.38

INVENTORY

4

AVG SALES PER MONTH

MONTH’S SUPPLY

15.33 0.26

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 5.08 0.79

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 1.83 3.82

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

MORRIS PLAINS ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

29

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 104

33 -12.1%

$15,034,000 $16,738,300 -10.2%

% CHANGE

YTD 2020

91 14.3%

$55,954,180

$45,666,768

22.5%

MEDIAN SALE PRICE

$515,000

$558,000 -7.7%

$540,000

$500,000

8%

AVERAGE SALE PRICE

$518,413 $507,221 2.2%

$538,021

$501,833

7.2%

26

39

-32.4%

AVERAGE DAYS ON MARKET

24

% SALES PRICE TO LIST PRICE

31 -22.6%

99.5% 99.5% 0%

101.5%

98.9% 2.6%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

ç

104 91

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

% CHANGE

YTD

2020

YTD

2021

NC

0 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

14.3%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 8.67 1.04

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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

MORRIS TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

115

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 422

125 -8%

% CHANGE

YTD 2020

387 9%

$297,106,048 $254,628,836

16.7%

$78,392,600

$84,984,936

-7.8%

MEDIAN SALE PRICE

$625,500

$669,900

-6.6%

$650,000

$624,900

4%

AVERAGE SALE PRICE

$681,674

$679,879

0.3%

$704,043

$657,956

7%

29

33

-12.1%

30

43

-28.9%

101.8%

99.1%

2.7%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.2%

98.7% 2.6%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

42 26

4.7%

YTD

2020

2 0

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

378 361

YTD

2020

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

YTD

2020

% CHANGE

0 0

NC

61.5%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 31.50 0.60

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 3.50 0.29

$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

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

MORRISTOWN ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

54

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 208

59 -8.5%

$35,713,600 $28,771,180 24.1%

YTD 2020

% CHANGE

177 17.5%

$120,205,800 $88,791,912 35.4%

MEDIAN SALE PRICE

$546,250

$475,000

15%

$501,500

$445,000

12.7%

AVERAGE SALE PRICE

$661,362

$487,647

35.6%

$577,913

$501,649

15.2%

33 18.2%

38

42

-9%

AVERAGE DAYS ON MARKET

39

% SALES PRICE TO LIST PRICE

100%

98.8%

1.2%

100.8%

98.1% 2.8%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2020

0 0

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

1 0

ç

12 4

YTD

2021

ç

ç

195 173

YTD

2020

$3,000,000 AND UP

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

200%

12.7%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 16.25 0.86

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 1.00 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

1 0.08 12.00

10 Year Market History

© 2022 Turpin Realtors

Source: GSMLS 1/10/22 & Trendgraphix

MOUNTAIN LAKES ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

19

23

-17.4%

$16,796,074

$19,395,500

-13.4%

$99,491,216

$76,210,008

30.5%

MEDIAN SALE PRICE

$816,000

$820,000

-0.5%

$850,000

$750,000

13.3%

AVERAGE SALE PRICE

$884,003

$843,282

4.8%

$965,934

$837,472

15.3%

38

48

-20.8%

39

83

-52.8%

98.1% 4.9%

99.6%

96.1%

3.6%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.9%

YTD 2021

% CHANGE

YTD 2020

103

91 13.2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

28 20

5.7%

YTD

2021

ç

ç

74 70

YTD

2020

$3,000,000 AND UP

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

2020

1 1

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

40%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 6.17 0.32

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 2.33 1.29

$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

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2022 Turpin Realtors

Source: GSMLS 1/10/22 & Trendgraphix

NEW PROVIDENCE ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

46

64

-28.1%

$33,140,900

$44,261,104

-25.1%

MEDIAN SALE PRICE

$690,500

$625,000

10.5%

$700,000

$640,000

9.4%

AVERAGE SALE PRICE

$720,454

$691,579

4.2%

$726,321

$682,706

6.4%

31

27

14.8%

25

43

-42.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.2%

YTD 2021

YTD 2020

203

% CHANGE

179 13.4%

$147,443,112 $122,204,352

100.3% 1.9%

102.3%

20.7%

99.1% 3.2%

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

$0-$999,999 YTD

YTD

2021

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

185 166

YTD

2020

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

18 13

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

38.5%

11.4%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

5

MONTH’S SUPPLY

15.42 0.32

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 1.50 0.67

$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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

PEAPACK-GLADSTONE ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

9

0%

$9,598,150

$7,960,000

20.6%

$47,166,776 $31,104,500 51.6%

$762,150

$725,000

5.1%

$727,500 $705,000 3.2%

HOMES SOLD

9

TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2021 48

$1,066,461 $884,444 20.6%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

64

54

18.5%

98.8%

95.4%

3.6%

YTD 2020

% CHANGE

36 33.3%

$982,641

$864,013 13.7%

53

58 -8.9%

96.7%

95.2% 1.5%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

0 2

180%

10.3%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

2 0

ç

14 5

YTD

2020

$3,000,000 AND UP

ç

ç

ç

32 29

YTD

2020

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

100%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 2.67 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 1.17 0.00

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

AVG SALES PER MONTH

1 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.17 0.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

RANDOLPH TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

84

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 329

131 -35.9%

$49,021,948 $74,954,600 -34.6%

YTD 2020

% CHANGE

372 -11.6%

$203,553,904 $205,113,816

-0.8%

MEDIAN SALE PRICE

$563,000 $545,000 3.3%

$600,000

$537,500

11.6%

AVERAGE SALE PRICE

$583,594 $572,172 2%

$618,704

$551,381

12.2%

46

-29.9%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

33

34 -2.9%

32

101%

99.7% 1.3%

101.6%

99%

2.6%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

318 366

YTD

2020

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

11 6

13.1%

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

83.3%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 26.50 0.49

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.92 1.09

$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

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

READINGTON TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

69

100

-31%

$38,761,426

$49,804,580

-22.2%

MEDIAN SALE PRICE

$541,500

$517,000

4.7%

$520,000

$490,000

6.1%

AVERAGE SALE PRICE

$561,760

$498,045

12.8%

$539,561

$482,408

11.8%

41

55

-25.5%

61

-34.8%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.2%

YTD 2021

YTD 2020

289

% CHANGE

288 0.3%

$155,933,174 $138,933,492

98.7% 1.6%

40 101.4%

12.2%

98.9% 2.6%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2020

% CHANGE

YTD

2021

3 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

1 0

ç

ç

ç

285 288

YTD

2021

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

1%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 23.75 0.72

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.25 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 0.08 0.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

SUMMIT ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

% CHANGE

99

-18.2%

81

TOTAL DOLLAR VOLUME

$100,769,352 $118,769,768 -15.2%

YTD 2020

405

% CHANGE

363 11.6%

$498,958,120 $413,681,304

20.6%

4.6%

$1,050,000 $960,000 9.4%

$1,244,066 $1,199,694 3.7%

$1,231,995 $1,139,618 8.1%

$999,000

MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2021

AVERAGE DAYS ON MARKET

$955,000

41

% SALES PRICE TO LIST PRICE

46

99.9%

34

-10.9%

99%

0.9%

46

100.7%

-26.3%

98.3% 2.5%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

38 28

13%

3.2%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

ç

156 138

YTD

2020

$3,000,000 AND UP

ç

ç

ç

196 190

YTD

2020

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

15 7

35.7%

114.3%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 16.33 0.67

INVENTORY

4

AVG SALES PER MONTH

MONTH’S SUPPLY

13.00 0.31

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 3.17 0.32

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 1.25 0.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

TEWKSBURY TWP. ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

27

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 134

50 -46%

$19,982,150 $39,673,568 -49.6%

YTD 2020

% CHANGE

158 -15.2%

$111,640,688 $111,915,512

-0.2%

MEDIAN SALE PRICE

$705,000

$737,500 -4.4%

$750,000

$667,500

12.4%

AVERAGE SALE PRICE

$740,079

$793,471 -6.7%

$833,139

$708,326

17.6%

57 -31.6%

62

96

-35.9%

97.2% 2.1%

98.5%

AVERAGE DAYS ON MARKET

39

% SALES PRICE TO LIST PRICE

99.2%

97%

1.6%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

27 14

25.4%

YTD

2020

1 2

% CHANGE

YTD

2021

ç

ç

ç

106 142

YTD

2020

$3,000,000 AND UP

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

YTD

2020

% CHANGE

0 0

NC

50%

92.9%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 8.83 0.91

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 2.25 2.67

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

5 0.08 60.00

INVENTORY

AVG SALES PER MONTH

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

WARREN ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

53

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 256

66 -19.7%

$49,412,156 $58,256,916 -15.2%

YTD 2020

% CHANGE

205 24.9%

$234,389,532 $166,028,424

41.2%

MEDIAN SALE PRICE

$810,000 $795,000 1.9%

$840,000

$751,000

11.9%

AVERAGE SALE PRICE

$932,304 $882,680 5.6%

$915,584

$809,895

13%

43 27.9%

46

63

-27.3%

99.9% 97% 3%

99.4%

96.6%

2.9%

AVERAGE DAYS ON MARKET

55

% SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

72 44

11.9%

YTD

2020

5 1

63.6%

% CHANGE

YTD

2021

ç

ç

ç

179 160

YTD

2020

$3,000,000 AND UP

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

YTD

2020

% CHANGE

0 0

NC

400%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

16 14.92 1.07

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 6.00 2.33

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.42 2.40

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

WASHINGTON TWP. (MORRIS COUNTY) ANNUAL MARKET REPORT 2021

Overview Q4 2021

Q4 2020

% CHANGE

67

79

-15.2%

$38,602,400

$40,836,140

-5.5%

MEDIAN SALE PRICE

$525,000

$490,000

7.1%

$530,000

$475,000

11.6%

AVERAGE SALE PRICE

$576,155

$516,913

11.5%

$546,265

$493,384

10.7%

29

38

-23.7%

28

61

-54.1%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.9%

YTD 2021

YTD 2020

289

% CHANGE

293 -1.4%

$157,870,568 $144,561,776

101% 0.9%

9.2%

102.8% 98.8% 4%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

285 291

YTD

2020

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

4 2

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

100%

2.1%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 23.75 0.55

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.33 3.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

WATCHUNG ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

30

% CHANGE

YTD 2021

YTD 2020

111

21 42.9%

% CHANGE

79 40.5%

$25,788,312 $15,189,400 69.8%

$97,181,744

$60,125,432

61.6%

MEDIAN SALE PRICE

$762,500 $699,000 9.1%

$775,000

$662,500

17%

AVERAGE SALE PRICE

$859,610

$723,304 18.8%

$875,511

$761,081

15%

AVERAGE DAYS ON MARKET

37

66 -43.9%

48

58

-17.2%

% SALES PRICE TO LIST PRICE

98.8%

97.3% 1.5%

98%

TOTAL DOLLAR VOLUME

96%

2.1%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

30 13

YTD

2020

0 1

130.8%

24.6%

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

81 65

YTD

2020

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

YTD

2020

% CHANGE

0 0

NC

100%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 6.75 1.19

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 2.50 2.00

$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

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

WESTFIELD ANNUAL MARKET REPORT 2021

Overview Q4 2021 HOMES SOLD

Q4 2020

103

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021

YTD 2020

512

140 -26.4%

% CHANGE

513 -0.2%

$493,396,320 $443,724,816

11.2%

$94,461,632

$125,730,440

-24.9%

MEDIAN SALE PRICE

$830,000

$825,000

0.6%

$879,500

$800,000

9.9%

AVERAGE SALE PRICE

$917,103

$898,074

2.1%

$963,665

$864,961

11.4%

33

42

-21.4%

32

50

-36.6%

99.7%

99.3%

0.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.7%

98.9% 1.9%

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

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

13 3

10.9%

7.3%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

ç

152 137

YTD

2020

$3,000,000 AND UP

ç

ç

ç

345 372

YTD

2020

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

2 1

333.3%

100%

Supply and Demand (as of December 31, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 28.75 0.49

INVENTORY

7

AVG SALES PER MONTH

MONTH’S SUPPLY

12.67 0.55

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 1.08 3.69

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.17 0.00

10 Year Market History

© 2022 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 1/10/22 & Trendgraphix

GLOBAL PROMOTION PROVIDED IN PARTNERSHIP WITH LEADING REAL ESTATE COMPANIES OF THE WORLD MAYFAIR INTERNATIONAL REALTY LUXURY POTFOLIO INTERNATIONAL BROWN HARRIS STEVENS PARTNERING WORLDWIDE

ADDITIONAL SERVICES DELIVERED IN COORDINATION WITH HILLTOP PROPERTY MANAGEMENT home watch | property management | repairs and additions | staging HILLTOP TITLE, LLC title insurance | title quotes | settlement services

www.TurpinRealtors.com