Sue Adler has been the #1 Keller Williams agent in NJ for the past six years, and leads one of the top Keller Williams teams worldwide, with annual production of $62 million in 2010.
Millburn-Short Hills Market Stats June 2011
MILLBURN – SHORT HILLS June 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 | Orig. List $ | Price at Sale | Sale Price | DOM | Beds | Baths | Style |
| 26 Meadowbrook Rd | $550,000 | $550,000 | $631,100 | 12 | 3 | 1.1 | Colonial |
| 7 Norwood Ter | $579,000 | $579,000 | $579,000 | 13 | 3 | 3 | Ranch |
| 78 Cypress St | $595,000 | $585,000 | $565,000 | 93 | 4 | 3 | CapeCod |
| 7 Woodland Rd | $679,900 | $620,000 | $585,699 | 77 | 4 | 1.2 | Colonial |
| 45 Greenwood Drive | $685,000 | $685,000 | $670,000 | 16 | 3 | 1.1 | Colonial |
| 49 Elm St | $739,000 | $739,000 | $750,000 | 27 | 4 | 2.1 | RanchExp |
| 61 Whitney Rd | $765,000 | $765,000 | $775,000 | 8 | 3 | 1.1 | Colonial |
| 32 Berkeley Rd | $799,000 | $799,000 | $830,000 | 8 | 4 | 3 | Colonial |
| 56 Elmwood Pl | $829,000 | $829,000 | $820,000 | 22 | 4 | 3 | Colonial |
| 18 Woodland Rd | $839,000 | $839,000 | $830,000 | 31 | 3 | 2.1 | Colonial |
| 47 Whitney Rd | $949,000 | $899,000 | $899,000 | 42 | 4 | 3.1 | Colonial |
| 96 Oakview Ter | $939,000 | $939,000 | $921,250 | 16 | 4 | 2.1 | Colonial |
| 2 Woodland Rd | $989,000 | $989,000 | $989,000 | 14 | 4 | 2.1 | Colonial |
| 6 Midhurst Rd | $995,000 | $995,000 | $965,000 | 38 | 4 | 2.1 | Custom |
| 27 Timber Acres Rd | $1,075,000 | $999,000 | $960,000 | 65 | 5 | 3.1 | Colonial |
| 15 Kean Rd | $999,000 | $999,000 | $950,000 | 15 | 4 | 3 | Ranch |
| 60 Addison Dr | $1,075,000 | $1,075,000 | $1,075,000 | 21 | 4 | 4.1 | Colonial |
| 21 Burnside Dr | $1,080,000 | $1,080,000 | $1,070,000 | 13 | 4 | 3.1 | RanchExp |
| 40 Hawthorne Rd | $1,150,000 | $1,100,000 | $1,100,000 | 68 | 4 | 2.2 | Tudor |
| 42 Nottingham Rd | $1,100,000 | $1,100,000 | $950,000 | 40 | 5 | 3.2 | Tudor |
| 100 Old Short Hills Rd | $1,324,000 | $1,185,000 | $1,201,000 | 179 | 3 | 2.1 | Colonial |
| 33 Kean Rd | $1,248,000 | $1,248,000 | $1,235,000 | 6 | 4 | 3.1 | Ranch |
| 41 Windermere Terrace | $1,395,000 | $1,295,000 | $1,250,000 | 92 | 4 | 4.1 | Colonial |
| 2 W Beechcroft Rd | $1,295,000 | $1,295,000 | $1,345,000 | 8 | 4 | 3.2 | Colonial |
| 25 Robert Dr | $1,350,000 | $1,350,000 | $1,288,000 | 14 | 5 | 3.1 | RanchExp |
| 87 Addison Dr | $1,360,000 | $1,360,000 | $1,360,000 | 0 | 5 | 3.1 | SplitLev |
| 10 Great Oak Dr | $1,475,000 | $1,475,000 | $1,475,000 | 8 | 4 | 5 | Colonial |
| 33 Merrywood Ln | $1,525,000 | $1,525,000 | $1,471,000 | 23 | 5 | 3.1 | RanchExp |
| 45 Hilltop Rd | $1,525,000 | $1,525,000 | $1,625,000 | 11 | 4 | 3.1 | Colonial |
| 150 Forest Drive | $1,550,000 | $1,550,000 | $1,495,000 | 22 | 4 | 3.1 | Colonial |
| 37 Hawthorne Road | $1,575,000 | $1,575,000 | $1,678,000 | 14 | 6 | 3.2 | Colonial |
| 95 Falmouth St | $1,595,000 | $1,595,000 | $1,525,000 | 21 | 6 | 4.1 | Colonial |
| 2 S Beechcroft Rd | $1,748,000 | $1,699,000 | $1,588,500 | 41 | 4 | 5.1 | RanchExp |
| 66 Browning Rd | $2,200,000 | $2,200,000 | $2,200,000 | 3 | 5 | 5 | Colonial |
| 10 E Hartshorn Dr | $2,390,000 | $2,390,000 | $2,350,000 | 57 | 5 | 6.1 | Colonial |
| 179 Western Dr | $2,395,000 | $2,395,000 | $2,540,000 | 12 | 6 | 4.1 | Colonial |
| 454 Long Hill Dr | $2,395,000 | $2,395,000 | $2,350,000 | 9 | 7 | 5.1 | Colonial |
| 49 Adams Ave | $2,795,000 | $2,795,000 | $2,500,000 | 54 | 5 | 3.3 | Colonial |
| 296 Hartshorn Dr | $3,250,000 | $3,250,000 | $3,350,000 | 7 | 5 | 6.1 | Colonial |
| 100 Stewart Rd | $3,495,000 | $3,495,000 | $3,315,000 | 2 | 7 | 6.1 | Custom |
AVERAGE DAYS ON MARKET: 30 AVERAGE LISTING PRICE: $1,575,106
AVERAGE SALE PRICE: $1,391,015 % SALE PRICE / LIST PRICE: 99%
Millburn-Short Hills Home sale Trends June 2010- June 2011
| June 2010 | July | Aug. | Sept. | Oct. | Nov. |
Ave. Listing Price | $1,697,901 | $1,656,367 | $1,611,738 | $1,696,373 | $1,670,012 | $1,723,911 |
Ave Sale Price | $1,232,685 | $1,344,031 | $1,263,042 | $1,120,043 | $827,444 | $854,225 |
%Sale/List Price Ratio | 97% | 95% | 98% | 98% | 96% | 98% |
DOM | 57 | 48 | 58 | 66 | 54 | 67 |
# of Active | 165 | 146 | 141 | 141 | 136 | 131 |
# of Closed | 41 | 25 | 25 | 25 | 25 | 8 |
| Dec. | Jan | Feb. | Mar. | April | May | June 2011 |
Ave. Listing Price | $1,786,633 | $1,915,294 | $1,699,789 | $1,611,738 | $1,591,605 | $1,573,891 | $1,575,106 |
Ave. Sale Price | $1,180,440 | $941,106 | $1,287,254 | $1,263,042 | $1,785,233 | $827,400 | $1,391,015 |
%Sale/Price Ratio | 96% | 96% | 98% | 98% | 98% | 97% | 99% |
DOM | 71 | 69 | 95 | 58 | 66 | 45 | 30 |
# Active Listings | 102 | 90 | 115 | 141 | 141 | 175 | 163 |
# Closed Listings | 24 | 17 | 12 | 25 | 25 | 19 | 41 |
| Active Listings | New Listings | Under Contract | Sold Listings | Average | SP/LP |
# Beds | Avg LP | Avg LP | Avg LP | Avg LP | DOM | % |
1 | $249,000 | $0 | $249,000 | $0 | 0 | 0% |
2 | $352,980 | $385,000 | $0 | $0 | 0 | 0% |
3 | $641,297 | $696,125 | $613,091 | $801,420 | 49 | 102% |
4 | $1,079,047 | $1,074,219 | $929,988 | $1,083,339 | 33 | 99% |
5+ | $2,557,765 | $1,761,067 | $1,849,714 | $2,067,462 | 20 | 98% |
TOWN | $1,575,106 | $1,243,161 | $1,014,107 | $1,391,015 | 30 | 99% |
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