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The Sue Adler Team South Orange September 2011 Market Stats

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South Orange 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 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 DOM BRS BTH STYLE
609 S Orange Ave $220,000 $220,000 $195,000 1 2 2.1 HighRise
149A W Montrose Ave $295,000 $295,000 $250,000 28 2 1 Ranch
529 Scotland Rd $399,000 $299,000 $299,000 91 4 3.1 Colonial
58 University Ct $519,000 $499,000 $470,000 141 4 1.2 Colonial
250 Thornden St $525,000 $525,000 $400,000 44 5 3.1 Colonial
541 Grove Ter $525,000 $525,000 $526,000 9 3 2.2 Colonial
228 Audley St $629,000 $565,000 $520,000 70 4 2.1 Colonial
257 Irving Ave $659,000 $599,000 $599,000 130 4 3.1 Colonial
235 Irving Ave $649,000 $599,000 $550,000 137 6 3.1 Colonial
128 Blanchard Rd $625,000 $625,000 $567,500 0 3 3 Contemp
22 Harrison Ct $749,000 $699,990 $665,000 89 5 3 Colonial
11 Hoskier Rd $889,000 $745,000 $681,058 123 6 3.2 Colonial
235 Mayhew Dr $799,000 $775,000 $747,000 77 4 3.1 Tudor
AVERAGE DAYS ON MARKET:   63 AVERAGE LISTING PRICE: $394,690
AVERAGE SALE PRICE:  $465,952 % SALE PRICE / LIST PRICE:       97%
Sept.2010
Oct.
Nov.
Dec.
Jan.
Feb.
Average Listing Price
$451,016
$441,596
$454,445
$436,129
$434,432
$432,320
Average Sale Price
$500,615
$725,818
$408,393
$417,288
$398,169
$416,082
%Sale Price to List Price Ratio
98%
149%
93%
94%
98%
97%
Days on Market
96
71
72
61
74
82
# of Active
Listings
212
205
188
150
151
168
# of Closed Listings
21
12
12
16
15
16
Mar.
April
May
June
July
Aug.
Sept. 2011
Ave List Price
$463,176
$460,427
$451,222
$436,476
$425,485
$407,479
$394,690
Ave Sale Price
$573,000
$519,875
$505,065
$480,172
$461,695
$517,943
$465,952
%Sale/List Price Ratio
97%
98%
97%
98%
95%
97%
97%
DOM
75
31
58
66
85
68
63
# Active
Listings
218
237
228
229
211
190
183
# Closed Listings
14
10
28
33
22
34
24
Active Listings
New Listings
Under Contract
Sold Listings
Average
SP/LP
# Beds
Avg LP
Avg LP
Avg LP
Avg LP
DOM
%
1
$147,200
$0
$0
$100,000
88
87%
2
$291,570
$714,900
$0
$250,000
36
84%
3
$326,843
$350,187
$388,750
$428,500
57
98%
4
$467,247
$563,800
$471,000
$525,889
76
97%
5
$655,111
$703,250
$633,000
$637,000
25
100%
TOWN
$394,690
$500,466
$450,125
$465,952
63
97%
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