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The Sue Adler Team South Orange Market Stats November 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 South Orange, 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 BRS BTH STYLE LP:SP DOM
378 Valley St $77,500 $54,000 $32,000 1 1 FirstFlr 41% 281
609 S Orange Ave $325,000 $220,000 $210,000 2 2.1 HighRise 65% 631
239 Conway Ct $599,000 $250,000 $298,700 4 2.2 Custom 50% 622
67 5Th St $310,000 $310,000 $280,000 4 1.1 Colonial 90% 57
434 Meeker St $549,000 $325,000 $310,000 4 1.1 Colonial 56% 389
191 Mayhew Dr $649,000 $498,900 $475,000 4 3 Tudor 73% 432
355 S Ridgewood Rd $599,000 $565,000 $550,000 5 2.2 Colonial 92% 102
16 Overhill Rd $749,000 $619,000 $600,000 5 4.1 Colonial 80% 305
Averages $482,188 $355,238 $344,463 68% 352

 

  Nov.2010 Dec. Jan. Feb. Mar. April
Ave Listing Price $539,679 $549,604 $539,376 $528,018 $533,893 $555,271
Ave Sale Price $492,000 $368,300 $479,409 $592,550 $591,400 $428,250
%Sale/List Ratio 96% 97% 94% 92% 95% 95%
DOM 72 107 90 98 149 74
#Active Listings 176 152 151 155 176 143
# Closed Listings 9 11 12 11 7 9
  May June July Aug. Sept. Oct. Nov. 2011
Ave Listing Price $530,651 $518,044 $509,888 $485,982 $504,284 $487,561 $495,535
Ave Sale Price $379,564 $723,036 $598,793 $428,059 $505,797 $591,429 $346,213
%Sale/ List  Ratio 93% 93% 96% 93% 94% 97% 97%
DOM 80 98 50 116 75 66 117
# Active Listings 180 161 155 129 146 139 133
# Closed Listings 16 13 23 18 11 10 9
  Active Listings New Listings Under Contract Sold Listings Average SP/LP
# Beds Avg LP Avg LP Avg LP Avg LP DOM %
1

$221,300

$175,000

$0

$32,000

281

59%

2

$313,990

$324,000

$324,633

$210,000

268

95%

3

$358,765

$304,950

$516,750

$0

0

0%

4

$472,584

$566,133

$430,800

$340,925

60

99%

5

$633,566

$545,780

$657,817

$582,000

72

98%

TOWN

$495,535

$482,307

$507,878

$346,213

117

97%

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