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The Sue Adler Team West Orange Market Stats June 2011

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West Orange    June 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 West 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 Original List Price List Price at Sale Sale Price DOM Beds Baths Style
37  Whittlesey Ave  $104,900 $99,900 $100,000 38 3 1 Colonial
528  Mt Pleasant Ave  $175,000 $175,000 $170,000 137 4 1.1 CapeCod
51  Rollinson St  $199,000 $199,000 $190,000 109 3 2.1 Colonial
10  Smith Manor  $219,000 $199,000 $195,000 242 2 2 HighRise
505  Smith Manor  $225,000 $210,000 $200,000 100 2 2 Contemp
31  Morris Rd  $232,000 $232,000 $231,600 112 3 1 Ranch
10  Smith Manor   $233,000 $233,000 $233,000 5 2 2 HighRise
26  Meyer Ct  $249,000 $249,000 $230,000 2 2 2.1 TwnIntUn
10  Smith Manor $314,897 $257,500 $215,000 42 3 3.1 HighRise
51  Nestro Road  $264,900 $264,900 $260,000 31 3 2 CapeCod
130  Walker Rd  $279,000 $279,000 $265,200 9 3 1.1 Colonial
149D  W. Montrose  $289,900 $279,900 $250,000 119 2 1 Ranch
28  Meyer Ct  $289,900 $289,900 $280,000 60 2 2 TwnIntUn
36  Maple Ave  $339,000 $299,000 $280,000 92 3 2 Colonial
11  Osborne Pl  $310,000 $310,000 $285,000 0 3 2 SplitLev
153  Dezenzo Rd  $312,000 $312,000 $300,000 123 3 2.1 TwnIntUn
16  Clarken Dr  $329,900 $329,900 $315,000 47 2 2.1 TwnEndUn
48  Fowler Dr  $345,000 $336,000 $319,000 78 3 2.1 TwnIntUn
1083  Pleasant Vly $429,900 $339,000 $320,000 132 4 2.1 SplitLev
28  Fowler Dr  $349,900 $339,000 $322,000 85 3 2.1 TwnIntUn
4  Sheridan Ave  $365,000 $342,000 $325,000 35 4 2.1 SplitLev
397  Digaetano Ter  $345,000 $345,000 $325,000 55 3 2.1 TwnIntUn
19  Bongart Dr  $349,000 $349,000 $345,000 33 3 2.1 TwnIntUn
51  Lenox Ter  $349,900 $349,900 $355,000 21 3 1.1 Colonial
30  Nance Rd  $369,000 $359,000 $365,000 74 4 2.1 SplitLev
6  Knutsen Dr  $364,500 $364,500 $347,000 14 2 2.1 TwnIntUn
8  Mellon Ave  $369,000 $369,000 $358,000 23 4 2.1 SplitLev
3  Wedgewood Dr  $375,000 $375,000 $375,000 13 4 2.1 SplitLev
21  Fairway Dr  $399,000 $379,000 $375,000 26 4 3.1 Ranch
65  Forest Hill Rd  $409,900 $389,900 $375,000 120 3 3.1 CapeCod
9  Wakeman St  $420,000 $420,000 $403,000 51 4 3 CapeCod
23  Nance Rd  $479,000 $479,000 $470,000 10 6 3.1 Custom
22  Suburban Dr  $479,000 $499,000 $435,000 102 6 4 Colonial
2  Januson Ct  $699,000 $699,000 $679,000 44 5 3.1 Colonial
18  Witte Pl  $799,900 $799,900 $703,910 23 4 3.1 MultiFlr
24  Witte Pl (Encino)  $809,900 $809,900 $798,432 2 4 3.1 MultiFlr
65  Carteret St  $825,000 $825,000 $770,000 124 6 3.1 Colonial
4  Efstis Ct Augusta  $999,000 $999,000 $950,000 156 5 4.1 Colonial

AVERAGE DAYS ON MARKET:67       AVERAGE LISTING PRICE: $430,687

AVERAGE SALE PRICE: $374,974 % SALE PRICE / LIST PRICE: 95%

West Orange    Home sale Trends   June  2010-June 2011

  June 2011 July Aug. Sept. Oct. Nov.
Average Listing Price $457,839 $454,293 $450,411 $444,694 $434,127 $439,097
Average Sale Price $407,420 $391,322 $389,300 $382,026 $488,023 $372,116
%Sale Price to List Price Ratio 94% 95% 96% 95% 96% 97%
Days on Market 84 80 74 88 72 90
# of Active Listings 529 358 493 500 480 455
# of Closed Listings 52 29 29 29 21 32
  Dec. Jan. Feb. March April May June 2011
Average Listing Price $430,526 $436,061 $423,258 $424,592 $424,560 $437,285 $430,687
Average Sale Price $402,409 $405,295 $394,041 $344,324 $396,652 $372,040 $374,974
%Sale Price to List  Price Ratio 96% 95% 95% 95% 96% 94% 95%
Days On Market 88 105 159 146 101 103 67
# of Active Listing 418 402 395 443 452 492 507
# of Closed Listings 33 25 21 29 29 28 39
  Active Listings New Listings Under Contract Sold Listings Average

 

SP/LP
# Beds Avg LP Avg LP Avg LP Avg LP DOM %
1 $167,332 $177,475 $0 $0 0 0%
2 $298,642 $362,933 $252,129 $257,143 67 96%
3 $376,817 $390,173 $297,446 $289,983 69 95%
4 $426,866 $405,190 $340,575 $421,149 52 96%
5 $773,938 $723,367 $943,180 $660,800 87 94%
TOWN $430,687 $427,260 $387,484 $374,974 67 95%
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