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The Sue Adler Team Bernards/Basking Ridge Market Stats October 2011

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Data compiled from the GSMLS.  Deemed reliable, but not guaranteed. Sue feels that if you are in the market to buy or sell real estate in Bernards-Basking Ridge, it is important to understand the trends in Active Listings, Days on the Market, and Listing to Sale Price ratio so that you can make an educated decision.

ADDRESS OLP LP SP DOM BRS BTH STYLE
42 Baldwin Ct $159,600 $159,600 $159,600 29 2 1 TwnIntUn
93 Countryside Dr $189,900 $189,900 $178,000 101 1 1 TwnIntUn
302 English Pl $235,000 $215,900 $197,000 82 2 2 OneFloor
16 Lindbergh Ln $239,000 $239,000 $210,000 0 2 2 CapeCod
137 Village Dr $339,000 $339,000 $310,000 57 2 2.1 TwnEndUn
56 Aspen Dr $349,900 $339,900 $327,500 36 2 2 TwnEndUn
14 Clark Ct $419,000 $419,000 $417,000 35 2 2.1 TwnIntUn
7 Quincy Rd $425,000 $425,000 $425,000 0 3 2.1 Bi-Level
41 Roberts Cir $499,000 $479,000 $450,000 71 2 2.1 TwnIntUn
117 Constitution Way $484,999 $484,999 $480,000 9 3 2.1 TwnIntUn
93 Atlas Rd $599,900 $535,000 $500,000 191 5 3.1 RanchExp
12 Homestead Rd $550,000 $550,000 $535,000 77 4 2.1 RanchExp
67 S Alward Ave $554,000 $554,000 $515,000 87 4 2 CapeCod
2 Landau Rd $749,800 $734,800 $715,000 104 4 2.1 Colonial
5 Green Mountain Dr $1,100,000 $1,100,000 $1,075,000 12 4 4 Colonial
76 Shannon Hill Rd $1,225,000 $1,225,000 $1,125,000 14 4 3.1 Colonial
9 Crier Ct $1,499,000 $1,348,900 $1,300,000 154 5 4.1 Colonial
65 Canterbury Way $1,485,000 $1,395,000 $1,325,000 90 4 3.1 Colonial
80 Morgan Ln $1,895,000 $1,895,000 $1,850,000 28 4 4.2 TwnEndUn

AVERAGE DAYS ON MARKET: 69    AVERAGE LISTING PRICE:      $838,273
AVERAGE SALE PRICE:  $630,833 % SALE PRICE / LIST PRICE:  95%

Bernards-Basking Ridge Home sale Trends

Oct.2010 Nov. Dec. Jan Feb. March
Average Listing Price $813,311 $828,352 $812,860 $788,209 $873,091 $851,463
Average Sale Price $622,694 $518,389 $556,381 $617,184 $596,318 $519,533
%Sale Price to List Price Ratio 96% 94% 95% 96% 94% 95%
Days on Market 88 77 88 70 105 98
# of Active

Listings

237 204 294 172 184 238
# of Closed Listings 34 20 41 19 11 25
April May June July Aug. Sept. Oct. 2011
Ave. List Price $825,490 $792,775 $785,232 $818,627 $786,451 $809,041 $838,273
Ave. Sale Price $422,119 $548,137 $671,250 $675,894 $748,820 $701,993 $630,833
%Sale Price to List Price Ratio 96% 96% 95% 97% 96% 96% 95%
Days On Market 61 78 65 70 71 86 69
# of Active

Listings

249 237 222 259 227 230 225
# of Closed Listings 26 24 34 49 47 30 19
Active Listings New Listings Under Contract Sold Listings Average SP/LP
# Beds Avg LP Avg LP Avg LP Avg LP DOM %
1 $229,800 $242,000 $189,900 $178,000 101 94%
2 $330,639 $295,458 $266,640 $342,900 40 94%
3 $522,875 $499,756 $507,600 $480,000 9 99%
4 $841,966 $902,664 $820,286 $881,667 64 95%
5 $1,704,704 $1,357,590 $692,500 $900,000 173 96%
TOWN $838,273 $739,314 $559,405 $630,833 69 95%
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