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.
| ADDRESS | OLP | LP | SP | DOM | BRS | BTH | STYLE |
| 133 Summit Avenue Unit 25 | $229,900 | $229,900 | $214,500 | 86 | 2 | 1 | OneFloor |
| 57 Madison Ave | $475,000 | $435,000 | $435,000 | 148 | 3 | 1.1 | Colonial |
| 91 Passaic Ave | $519,000 | $469,000 | $432,500 | 100 | 3 | 2 | SplitLev |
| 17 Grove St | $619,900 | $599,900 | $595,000 | 70 | 3 | 2.2 | Colonial |
| 15 Lewis Ave | $849,900 | $799,999 | $785,000 | 166 | 3 | 2.1 | Colonial |
| 146 Woodland Ave | $965,000 | $879,000 | $837,500 | 107 | 5 | 3.1 | Colonial |
| 55 Butler Pky | $1,049,000 | $1,049,000 | $1,045,000 | 20 | 5 | 3.1 | Colonial |
AVERAGE DAYS ON MARKET: 120Â Â Â Â AVERAGE LISTING PRICE: Â $1,100,912
AVERAGE SALE PRICE: $612,333Â % SALE PRICE / LIST PRICE: 96%
AVERAGE SALE PRICE: $612,333Â % SALE PRICE / LIST PRICE: 96%
|
|
Oct. 2011
|
Nov.
|
Dec.
|
Jan.
|
Feb.
|
Mar.
|
|
Ave List Price
|
$910,411
|
$896,599
|
$910,690
|
$1,019,831
|
$1,050,935
|
$1,088,169
|
|
Ave Sale Price
|
$1,073,692
|
$797,868
|
$938,385
|
$544,318
|
$887,875
|
$744,130
|
|
%Sale Price to List Price Ratio
|
95%
|
98%
|
97%
|
97%
|
97%
|
99%
|
|
Days on Market
|
57
|
48
|
73
|
52
|
67
|
68
|
|
# Active Listings
|
140
|
127
|
91
|
90
|
123
|
143
|
|
#Closed Listings
|
13
|
26
|
14
|
12
|
9
|
15
|
|
April
|
May
|
June
|
July
|
Aug.
|
Sept.
|
Oct.2011
|
|
|
Average Listing Price
|
$1,070,869
|
$1,071,774
|
$1,086,202
|
$1,106,090
|
$1,072,037
|
$1,056,258
|
$1,100,912
|
|
Average Sale Price
|
$1,008,808
|
$950,057
|
$874,022
|
$1,268,313
|
$949,750
|
$692,667
|
$612,333
|
|
%Sale Price to List Price Ratio
|
90%
|
96%
|
98%
|
94%
|
97%
|
94%
|
96%
|
|
Days On Market
|
63
|
62
|
67
|
60
|
52
|
63
|
120
|
|
# of Active Listings |
165
|
164
|
169
|
153
|
121
|
153
|
155
|
|
# of Closed Listings
|
15
|
18
|
35
|
25
|
25
|
12
|
8
|
|
|
Active Listings
|
New Listings
|
Under Contract
|
Sold Listings
|
Average
|
SP/LP
|
|
# Beds
|
Avg LP
|
Avg LP
|
Avg LP
|
Avg LP
|
DOM
|
%
|
|
1
|
$356,125
|
$169,000
|
$0
|
$0
|
0
|
0%
|
|
2
|
$484,612
|
$452,667
|
$265,000
|
$214,500
|
86
|
93%
|
|
3
|
$608,230
|
$658,863
|
$589,300
|
$785,000
|
166
|
98%
|
|
4
|
$979,272
|
$847,658
|
$809,000
|
$0
|
0
|
0%
|
|
5
|
$1,848,965
|
$2,270,600
|
$1,343,250
|
$837,500
|
107
|
95%
|
|
TOWN
|
$1,100,912
|
$1,166,935
|
$902,390
|
$612,333
|
120
|
96%
|
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