MILLBURN – SHORT HILLS September 2011 Home Sales Stats
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 Short Hills or Millburn, 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 |
| 98 Short Hills Ave | $499,000 | $499,000 | $475,000 | 95 | 3 | 2 | Cottage |
| 54 Elmwood Pl | $499,000 | $499,000 | $437,500 | 56 | 3 | 2 | Bi-Level |
| 510 Wyoming Ave | $650,000 | $575,000 | $552,000 | 82 | 3 | 1.1 | Colonial |
| 53 Pine St | $688,000 | $688,000 | $688,000 | 124 | 4 | 2.2 | Colonial |
| 107 Greenwood Dr | $749,000 | $749,000 | $750,000 | 16 | 3 | 3 | Colonial |
| 799 Ridgewood Rd | $899,000 | $825,000 | $795,000 | 69 | 4 | 3 | Ranch |
| 26 Fenton Drive | $829,000 | $829,000 | $865,000 | 13 | 4 | 3.2 | Ranch |
| 48 Twin Oak Rd | $995,000 | $995,000 | $1,361,000 | 22 | 4 | 3.1 | Colonial |
| 86 Wellington Ave | $999,000 | $999,000 | $999,000 | 7 | 4 | 2.2 | Colonial |
| 158 Long Hill Dr | $1,075,000 | $1,000,000 | $980,000 | 31 | 5 | 3 | Colonial |
| 240 Long Hill Dr | $1,095,000 | $1,095,000 | $995,000 | 15 | 3 | 2.1 | Ranch |
| 10 Fox Hill Ln | $1,199,000 | $1,099,000 | $970,000 | 66 | 5 | 3.1 | Colonial |
| 419 Long Hill Dr | $1,250,000 | $1,250,000 | $1,170,000 | 22 | 3 | 3.1 | Ranch |
| 104 Mohawk Rd | $1,650,000 | $1,450,000 | $1,400,000 | 37 | 6 | 5.1 | SplitLev |
| 60 Farley Road | $2,300,000 | $1,599,000 | $1,575,000 | 31 | 5 | 4.2 | Colonial |
| 1 Taft Dr | $2,199,000 | $1,849,000 | $1,824,500 | 87 | 6 | 5.2 | Colonial |
| 41 Lake Rd | $3,850,000 | $2,995,000 | $2,684,000 | 486 | 6 | 5.1 | Colonial |
AVERAGE DAYS ON MARKET: 75Â Â AVERAGE LISTING PRICE$1,892,072
AVERAGE SALE PRICE: $1,130,219 % SALE PRICE / LIST PRICE:Â 98%
Millburn-Short Hills Home sale Trends
| Sept. 2010 | Oct. | Nov. | Dec. | Jan | Feb. | |
| Ave. Listing Price | $1,696,373 | $1,670,012 | $1,723,911 | $1,786,633 | $1,915,294 | $1,699,789 |
| Ave Sale Price | $1,120,043 | $827,444 | $854,225 | $1,180,440 | $941,106 | $1,287,254 |
| %Sale/List Price Ratio | 98% | 96% | 98% | 96% | 96% | 98% |
| DOM | 66 | 54 | 67 | 71 | 69 | 95 |
| # of Active
Listings
|
141 | 136 | 131 | 102 | 90 | 115 |
| # of Closed
Listings
|
25 | 25 | 8 | 24 | 17 | 12 |
| Mar. | April | May | June | July | Aug. | Sept. 2011 | |
| Ave. Listing Price | $1,611,738 | $1,591,605 | $1,573,891 | $1,575,106 | $1,671,691 | $1,728,611 | $1,892,072 |
| Ave. Sale Price | $1,263,042 | $1,785,233 | $827,400 | $1,391,015 | $1,054,611 | $1,042,909 | $1,130,219 |
| %Sale/Price Ratio | 98% | 98% | 97% | 99% | 97% | 97% | 98% |
| DOM | 58 | 66 | 45 | 30 | 63 | 43 | 75 |
| # Active Listings | 141 | 141 | 175 | 163 | 255 | 121 | 119 |
| # Closed Listings | 25 | 25 | 19 | 41 | 28 | 39 | 17 |
| Active Listings | New Listings | Under Contract | Sold Listings | Average | SP/LP | |
| # Beds | Avg LP | Avg LP | Avg LP | Avg LP | DOM | % |
| 1 | $0 | $0 | $0 | $0 | 0 | 0% |
| 2 | $316,250 | $0 | $316,250 | $0 | 0 | 0% |
| 3 | $652,879 | $579,900 | $556,000 | $788,400 | 46 | 95% |
| 4 | $1,188,438 | $1,379,714 | $0 | $941,600 | 47 | 109% |
| 5+ | $2,683,008 | $2,299,141 | $1,204,667 | $1,572,250 | 123 | 94% |
| TOWN | $1,892,072 | $1,959,340 | $739,313 | $1,130,219 | 75 | 98% |
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