Summit 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 Summit, 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.
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 |
| 133 Summit Ave 25A | $155,000 | $119,000 | $105,000 | 277 | 1 | 1 | OneFloor |
| 36 Broad St | $212,000 | $212,000 | $203,000 | 10 | 3 | 1 | CapeCod |
| 417 Morris Ave Unit 28 | $285,000 | $285,000 | $270,000 | 27 | 2 | 1 | TwnEndUn |
| 115 River Rd | $379,000 | $345,000 | $315,000 | 122 | 3 | 3 | SplitLev |
| 44 Glenside Ave | $385,999 | $385,999 | $375,000 | 92 | 3 | 2 | CapeCod |
| 10 Montrose Ave | $439,000 | $439,000 | $450,000 | 8 | 3 | 1 | Colonial |
| 30 Edgar St | $545,000 | $545,000 | $555,000 | 17 | 3 | 2.1 | Ranch |
| 30 Karen Way | $659,000 | $629,000 | $610,000 | 107 | 4 | 2 | Colonial |
| 18 Fairview Ave | $669,000 | $639,000 | $631,500 | 45 | 3 | 2 | Colonial |
| 16 Laurel Ave | $675,000 | $650,000 | $635,000 | 26 | 3 | 1 | Colonial |
| 241 Ashland Rd | $729,000 | $729,000 | $695,000 | 41 | 3 | 3 | SplitLev |
| 88 Mountain Ave | $849,000 | $799,000 | $765,000 | 65 | 5 | 2.1 | Victrian |
| 267 Kent Place Blvd | $980,000 | $899,000 | $860,000 | 113 | 4 | 2.1 | Colonial |
| 18 Crescent Ave | $1,195,000 | $995,000 | $975,000 | 48 | 6 | 2.1 | Victrian |
| 14 Waldron Ave | $999,999 | $999,999 | $1,120,000 | 19 | 4 | 2.2 | Colonial |
| 7 Oaklawn Rd | $1,175,000 | $1,095,000 | $999,500 | 37 | 3 | 2.1 | Colonial |
| 30 Pine Grove Ave | $1,150,000 | $1,150,000 | $1,238,500 | 4 | 4 | 3.1 | Tudor |
| 100 Portland Rd | $1,199,000 | $1,199,000 | $1,180,000 | 41 | 4 | 2.1 | Colonial |
| 11 Gloucester Rd | $1,395,000 | $1,395,000 | $1,370,000 | 30 | 4 | 3.2 | RanchExp |
| 13 Sherman Ave | $1,525,000 | $1,525,000 | $1,600,000 | 22 | 5 | 3.1 | Colonial |
| 20 Joanna Way | $1,595,000 | $1,529,000 | $1,475,000 | 62 | 5 | 4.1 | Colonial |
| 232 Woodland Ave | $1,550,000 | $1,550,000 | $1,450,000 | 75 | 4 | 2.1 | Colonial |
| 55 Hobart Ave | $1,575,000 | $1,575,000 | $1,591,750 | 13 | 6 | 3.2 | Victrian |
| 212 Summit Ave | $2,120,000 | $2,120,000 | $2,050,000 | 66 | 7 | 4.2 | Victrian |
| 11 Fernwood Rd | $2,995,000 | $2,995,000 | $2,750,000 | 37 | 6 | 5.2 | Colonial |
AVERAGE DAYS ON MARKET: 52 AVERAGE LISTING PRICE: $1,072,037
AVERAGE SALE PRICE: $949,750 % SALE PRICE / LIST PRICE: 97%
AVERAGE SALE PRICE: $949,750 % SALE PRICE / LIST PRICE: 97%
|
|
Aug.2010
|
Sept.
|
Oct.
|
Nov.
|
Dec.
|
Jan.
|
|
Ave List Price
|
$1,058,813
|
$875,535
|
$910,411
|
$896,599
|
$910,690
|
$1,019,831
|
|
Ave Sale Price
|
$818,599
|
$1,124,376
|
$1,073,692
|
$797,868
|
$938,385
|
$544,318
|
|
%Sale Price to List Price Ratio
|
98%
|
98%
|
95%
|
98%
|
97%
|
97%
|
|
Days on Market
|
55
|
66
|
57
|
48
|
73
|
52
|
|
# Active Listings
|
130
|
132
|
140
|
127
|
91
|
90
|
|
#Closed Listings
|
33
|
22
|
13
|
26
|
14
|
12
|
|
|
Feb.
|
Mar.
|
April
|
May
|
June
|
July
|
Aug. 2011
|
|
Average Listing Price
|
$1,050,935
|
$1,088,169
|
$1,070,869
|
$1,071,774
|
$1,086,202
|
$1,106,090
|
$1,072,037
|
|
Average Sale Price
|
$887,875
|
$744,130
|
$1,008,808
|
$950,057
|
$874,022
|
$1,268,313
|
$949,750
|
|
%Sale Price to List Price Ratio
|
97%
|
99%
|
90%
|
96%
|
98%
|
94%
|
97%
|
|
Days On Market
|
67
|
68
|
63
|
62
|
67
|
60
|
52
|
|
# of Active
Listings |
123
|
143
|
165
|
164
|
169
|
153
|
121
|
|
# of Closed Listings
|
9
|
15
|
15
|
18
|
35
|
25
|
25
|
|
|
Active Listings
|
New Listings
|
Under Contract
|
Sold Listings
|
Average
|
SP/LP
|
|
# Beds
|
Avg LP
|
Avg LP
|
Avg LP
|
Avg LP
|
DOM
|
%
|
|
1
|
$370,700
|
$0
|
$0
|
$105,000
|
277
|
88%
|
|
2
|
$521,167
|
$344,500
|
$399,000
|
$270,000
|
27
|
95%
|
|
3
|
$575,640
|
$477,180
|
$642,667
|
$539,889
|
44
|
96%
|
|
4
|
$994,500
|
$825,000
|
$799,000
|
$1,063,083
|
52
|
102%
|
|
5
|
$1,809,490
|
$2,200,000
|
$1,218,000
|
$1,705,292
|
44
|
97%
|
|
TOWN
|
$1,072,037
|
$719,425
|
$847,500
|
$949,750
|
56
|
98%
|
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