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The Sue Adler Team West Orange Market Stats May 2011

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West Orange    May 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 Orig. List Price Price at Sale Sale Price DOM Beds Baths Style
14  Pillot Pl  $159,900 $139,900 $120,000 75 3 2 Colonial
50  Musano Ct  $229,000 $229,000 $180,000 57 2 2.1 TwnEndUn
26  Beasley St  $234,500 $234,500 $233,500 20 3 1 Ranch
13  Woodhull Ave  $225,000 $239,000 $230,000 236 4 2 CapeCod
36  Hart Dr  $239,000 $239,000 $225,000 25 2 2 TwnIntUn
49  Riggs Pl  $299,900 $269,900 $269,900 249 3 1 Colonial
1  Rock Spring Rd  $339,000 $279,900 $265,000 106 3 2.1 Ranch
11  Sheridan Ave  $309,000 $290,000 $290,000 74 3 1.1 Colonial
12  Dawson Ave  $294,000 $294,000 $295,000 25 3 2 Colonial
1  Devore Dr  $299,900 $299,900 $290,000 64 4 2 SplitLev
116  Clarken Dr  $339,000 $315,000 $306,500 159 2 2.1 MultiFlr
204  Barringer Ct  $419,000 $325,000 $310,000 211 3 3.1 TwnIntUn
136  Forest Hill Rd  $349,900 $334,900 $327,450 139 4 3 Colonial
28  Undercliff Ter  $335,000 $335,000 $365,000 22 4 3.1 Tudor
17  Essex Ter  $335,000 $335,000 $335,000 52 4 3 Contemp
11  Rock Spring Ave  $398,000 $350,000 $340,000 42 3 2.1 SplitLev
4  Old Salem Rd  $359,900 $359,900 $351,000 28 3 2.1 Colonial
35  Bayowski Rd  $360,000 $360,000 $360,000 23 3 2.1 TwnEndUn
70  Davey Dr  $369,036 $369,036 $365,000 31 3 3.1 TwnIntUn
83  Crystal Ave  $389,000 $389,000 $384,000 16 4 2.1 SplitLev
80  Warren Rd  $425,000 $398,000 $377,000 64 5 2.1 SplitLev
60  Undercliff Ter S  $439,900 $399,000 $360,000 179 4 2.1 Bi-Level
1  Ridgeway Court  $509,000 $449,000 $416,000 566 5 2.1 Colonial
18  Underwood Dr  $450,000 $450,000 $440,000 130 4 4.1 SplitLev
65  Warren Rd  $480,000 $459,900 $425,000 7 4 3.1 RanchRas
2  Burnett Ter  $485,000 $485,000 $435,000 120 5 3.1 Tudor
2  Forest Way  $929,000 $899,900 $828,000 188 4 3.1 Colonial
57  Old Indian Rd  $1,449,000 $1,449,000 $1,200,000 64 5 4.1 Colonial

AVERAGE DAYS ON MARKET:103       AVERAGE LISTING PRICE: $437,285

AVERAGE SALE PRICE: $372,040   % SALE PRICE / LIST PRICE: 94%

West Orange    Home sale Trends   May 2010-May 2011

desc May 2010 June July Aug. Sept. Oct.
Average Listing Price $457,914 $457,839 $454,293 $450,411 $444,694 $434,127
Average Sale Price $402,910 $407,420 $391,322 $389,300 $382,026 $488,023
%Sale Price to List Price Ratio 96% 94% 95% 96% 95% 96%
Days on Market 97 84 80 74 88 72
# of Active Listings 514 529 358 493 500 480
# of Closed Listings 26 52 29 29 29 21
  Nov. Dec. Jan. Feb. March April May 2011
Average Listing Price $439,097 $430,526 $436,061 $423,258 $424,592 $424,560 $437,285
Average Sale Price $372,116 $402,409 $405,295 $394,041 $344,324 $396,652 $372,040
%Sale Price to List  Price Ratio 97% 96% 95% 95% 95% 96% 94%
Days On Market 90 88 105 159 146 101 103
# of Active Listing 455 418 402 395 443 452 492
# of Closed Listings 32 33 25 21 29 29 28
  Active Listings New Listings Under Contract Sold Listings Average   SP/LP
# Beds Avg LP Avg LP Avg LP Avg LP DOM %
1 $167,633 $147,967 $0 $0 0 0%
2 $296,244 $311,979 $296,580 $237,167 80 91%
3 $369,543 $361,756 $310,186 $292,950 64 98%
4 $440,224 $511,500 $509,460 $404,000 111 97%
5 $790,288 $863,383 $474,711 $607,000 204 87%
TOWN $437,285 $457,754 $385,862 $372,040 103 94%
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