MILLBURN – SHORT HILLS August 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 |
| 206 Main St | $220,000 | $220,000 | $210,000 | 14 | 1 | 1 | OneFloor |
| 18 Mechanic St | $359,900 | $349,900 | $300,000 | 127 | 2 | 1.1 | Colonial |
| 30 Cypress St | $489,000 | $489,000 | $468,000 | 15 | 3 | 2.1 | Colonial |
| 81 Glen Ave | $499,000 | $499,000 | $480,000 | 24 | 3 | 2 | CapeCod |
| 14 Church St | $549,000 | $549,000 | $575,000 | 13 | 3 | 1.1 | Ranch |
| 56 Locust Ave | $629,000 | $574,900 | $570,000 | 67 | 4 | 1.1 | Tudor |
| 99 Meadowbrook Rd | $650,000 | $599,000 | $575,000 | 127 | 4 | 1.2 | Colonial |
| 27 Undercliff Rd | $639,000 | $619,000 | $645,000 | 20 | 3 | 1.1 | Colonial |
| 113 Short Hills Ave | $619,000 | $619,000 | $605,000 | 29 | 4 | 2 | Colonial |
| 290 Forest Dr South | $695,000 | $695,000 | $800,000 | 21 | 3 | 2 | Ranch |
| 4 Edgewood Ter | $725,000 | $699,000 | $715,000 | 21 | 4 | 2.2 | Colonial |
| 312 S Taylor Rd | $839,000 | $748,000 | $745,000 | 138 | 3 | 2.1 | CapeCod |
| 446 Millburn Ave | $750,000 | $750,000 | $700,000 | 58 | 5 | 4.1 | Colonial |
| 47 Cedar St | $799,000 | $799,000 | $780,200 | 16 | 4 | 2.1 | Cottage |
| 48 Meadowbrook Road | $839,000 | $839,000 | $840,000 | 14 | 4 | 2.1 | Colonial |
| 15 Winding Way | $849,000 | $849,000 | $851,000 | 33 | 3 | 2.1 | Colonial |
| 36 Haddonfield Road | $865,000 | $865,000 | $865,000 | 1 | 4 | 3.1 | Colonial |
| 100 Canoe Brook Rd | $875,000 | $875,000 | $857,500 | 131 | 4 | 4 | SplitLev |
| 516 Old Short Hills Rd | $949,900 | $899,900 | $850,000 | 45 | 4 | 3.2 | Colonial |
| 1 Ivy Ter | $995,000 | $995,000 | $947,926 | 28 | 4 | 3.1 | Colonial |
| 9 Athens Rd | $1,200,000 | $999,000 | $1,065,000 | 29 | 5 | 3 | SplitLev |
| 5 Dryden Ter | $999,000 | $999,000 | $985,000 | 24 | 4 | 3 | Ranch |
| 92 Lawrence Dr | $999,000 | $999,000 | $1,062,500 | 19 | 4 | 2.1 | Colonial |
| 314 Lupine Way | $1,050,000 | $1,050,000 | $1,053,000 | 14 | 4 | 3 | CapeCod |
| 30 Colonial Way | $1,145,000 | $1,075,000 | $1,070,000 | 69 | 4 | 3.1 | Colonial |
| 27 Exeter Rd | $1,095,000 | $1,095,000 | $1,095,000 | 9 | 4 | 2.1 | Ranch |
| 65 Seminole Way | $1,250,000 | $1,250,000 | $1,250,000 | 12 | 5 | 3.1 | SplitLev |
| 24 Delwick Ln | $1,395,000 | $1,295,000 | $1,235,000 | 41 | 4 | 3.1 | Tudor |
| 76 Browning Rd | $1,350,000 | $1,350,000 | $1,320,000 | 6 | 4 | 4 | Colonial |
| 372 Long Hill Dr | $1,359,000 | $1,359,000 | $1,349,500 | 16 | 4 | 2.1 | Colonial |
| 62 Whitney Rd | $1,395,000 | $1,395,000 | $1,397,000 | 79 | 4 | 4.1 | Colonial |
| 435 White Oak Ridge Rd | $1,625,000 | $1,518,000 | $1,500,000 | 53 | 5 | 3 | Colonial |
| 36 Sherwood Rd | $1,699,000 | $1,549,000 | $1,500,000 | 164 | 4 | 5.1 | Tudor |
| 21 Coniston Rd | $1,575,000 | $1,575,000 | $1,530,000 | 9 | 7 | 5.2 | Colonial |
| 56 Twin Oak Rd | $1,800,000 | $1,800,000 | $1,746,000 | 18 | 5 | 4.2 | Colonial |
| 2 Country Day Dr | $1,895,000 | $1,895,000 | $1,900,000 | 9 | 5 | 3.2 | Custom |
| 69 Lawrence Dr | $1,995,000 | $1,995,000 | $1,890,000 | 29 | 6 | 5.1 | Colonial |
| 492 White Oak Ridge Rd | $1,999,999 | $1,999,999 | $1,785,000 | 0 | 5 | 4.1 | Colonial |
| 275 Hobart Ave | $3,795,000 | $3,195,000 | $2,550,000 | 113 | 6 | 4.1 | Colonial |
AVERAGE DAYS ON MARKET: 43Â Â AVERAGE LISTING PRICE$1,728,611
AVERAGE SALE PRICE: $1,042,909 % SALE PRICE / LIST PRICE:Â 97%
|
|
Aug.2010
|
Sept.
|
Oct.
|
Nov.
|
Dec.
|
Jan
|
|
Ave. Listing Price
|
$1,611,738
|
$1,696,373
|
$1,670,012
|
$1,723,911
|
$1,786,633
|
$1,915,294
|
|
Ave Sale Price
|
$1,263,042
|
$1,120,043
|
$827,444
|
$854,225
|
$1,180,440
|
$941,106
|
|
%Sale/List Price Ratio
|
98%
|
98%
|
96%
|
98%
|
96%
|
96%
|
|
DOM
|
58
|
66
|
54
|
67
|
71
|
69
|
|
# of Active Listings
|
141
|
141
|
136
|
131
|
102
|
90
|
|
# of Closed Listings
|
25
|
25
|
25
|
8
|
24
|
17
|
|
|
Feb.
|
Mar.
|
April
|
May
|
June
|
July
|
Aug. 2011
|
|
Ave. Listing Price
|
$1,699,789
|
$1,611,738
|
$1,591,605
|
$1,573,891
|
$1,575,106
|
$1,671,691
|
$1,728,611
|
|
Ave. Sale Price
|
$1,287,254
|
$1,263,042
|
$1,785,233
|
$827,400
|
$1,391,015
|
$1,054,611
|
$1,042,909
|
|
%Sale/Price Ratio
|
98%
|
98%
|
98%
|
97%
|
99%
|
97%
|
97%
|
|
DOM
|
95
|
58
|
66
|
45
|
30
|
63
|
43
|
|
# Active Listings
|
115
|
141
|
141
|
175
|
163
|
255
|
121
|
|
# Closed Listings
|
12
|
25
|
25
|
19
|
41
|
28
|
39
|
|
|
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
|
$210,000
|
14
|
95%
|
|
2
|
$332,375
|
$0
|
$0
|
$300,000
|
127
|
86%
|
|
3
|
$694,842
|
$730,500
|
$874,500
|
$652,000
|
38
|
103%
|
|
4
|
$1,081,771
|
$1,002,833
|
$778,731
|
$977,646
|
48
|
99%
|
|
5+
|
$2,804,892
|
$2,482,667
|
$1,566,333
|
$1,591,600
|
33
|
94%
|
|
TOWN
|
$1,728,611
|
$1,189,867
|
$1,010,944
|
$1,042,909
|
43
|
97%
|
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