 MILLBURN – SHORT HILLS    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 Short Hills or Millburn, 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 |
| 5 Oakdale Ave | $479,000 | $479,000 | $470,000 | 58 | 3 | 2 | SplitLev |
| 54 Mountainview Rd | $545,900 | $545,900 | $590,000 | 6 | 3 | 1.2 | Colonial |
| 14 Edgewood Ter | $575,000 | $549,000 | $545,000 | 49 | 4 | 1.1 | Colonial |
| 15 Duncan St | $599,000 | $599,000 | $590,000 | 34 | 3 | 1.1 | Colonial |
| 7 Rahway Rd | $675,000 | $675,000 | $682,000 | 9 | 4 | 3.1 | Colonial |
| 31 Claremont Dr | $675,000 | $675,000 | $673,900 | 38 | 5 | 2.1 | Colonial |
| 411 Wyoming Ave | $679,000 | $679,000 | $662,500 | 22 | 3 | 2.2 | Colonial |
| 120 Old Short Hills Rd | $850,000 | $725,000 | $710,000 | 98 | 4 | 2 | Custom |
| 117 Cypress St | $729,000 | $729,000 | $729,000 | 22 | 3 | 2 | Colonial |
| 75 Greenwood Dr | $739,000 | $739,000 | $740,000 | 9 | 3 | 2.1 | Tudor |
| 873 Ridgewood Rd | $840,000 | $749,000 | $745,000 | 165 | 5 | 2.1 | Colonial |
| 68 Whittingham Ter | $899,000 | $899,000 | $872,000 | 17 | 5 | 3.1 | Colonial |
| 7 Silver Spring Rd | $999,000 | $1,019,000 | $999,000 | 92 | 4 | 2.1 | Ranch |
| 15 Vincent Ln | $1,150,000 | $1,125,000 | $1,070,000 | 66 | 4 | 4.1 | RanchExp |
| 76 South Terrace | $1,150,000 | $1,150,000 | $1,110,000 | 26 | 5 | 3.1 | Colonial |
| 80 Kean Rd | $1,195,000 | $1,195,000 | $1,070,000 | 70 | 5 | 4 | Ranch |
| 10 Hamilton Rd | $1,295,000 | $1,295,000 | $1,235,000 | 44 | 4 | 3.1 | Ranch |
| 80 Jefferson Avenue | $1,575,000 | $1,575,000 | $1,575,000 | 20 | 5 | 3.1 | Colonial |
| 2 Briarwood Dr | $1,795,000 | $1,625,000 | $1,560,000 | 126 | 6 | 3.2 | Custom |
AVERAGE DAYS ON MARKET: 45Â Â AVERAGE LISTING PRICE: $1,573,891
AVERAGE SALE PRICE: $827,400Â % SALE PRICE / LIST PRICE:Â 97%
Millburn-Short Hills   Home sale Trends May 2010- May 2011
|  | May 2010 | June  | July | Aug. | Sept. | Oct. |
| Average Listing Price | $1,663,181 | $1,697,901 | $1,656,367 | $1,611,738 | $1,696,373 | $1,670,012 |
| Average Sale Price | $1,234,907 | $1,232,685 | $1,344,031 | $1,263,042 | $1,120,043 | $827,444 |
| %Sale/List Price Ratio | 98% | 97% | 95% | 98% | 98% | 96% |
| DOMÂ | 61 | 57 | 48 | 58 | 66 | 54 |
| # Active Listings | 159 | 165 | 146 | 141 | 141 | 136 |
| #Closed Listings | 14 | 41 | 25 | 25 | 25 | 25 |
|  | Nov. | Dec. | Jan | Feb. | Mar. | April | May 2011 |
| Ave Listing Price | $1,723,911 | $1,786,633 | $1,915,294 | $1,699,789 | $1,611,738 | $1,591,605 | $1,573,891 |
| Ave Sale Price | $854,225 | $1,180,440 | $941,106 | $1,287,254 | $1,263,042 | $1,785,233 | $827,400 |
| %Sale Price to List Price Ratio | 98% | 96% | 96% | 98% | 98% | 98% | 97% |
| DOM | 67 | 71 | 69 | 95 | 58 | 66 | 45 |
| # Active Listings |
131 | 102 | 90 | 115 | 141 | 141 | 175 |
| # Closed Listings | 8 | 24 | 17 | 12 | 25 | 25 | 19 |
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| Â | Active Listings | New Listings | Under Contract | Sold Listings | Average | SP/LP |
| # Beds | Avg LP | Avg LP | Avg LP | Avg LP | DOM | % |
| 1 | 234,500 | 220,000 | 220,000 | 0 | 0 | 0% |
| 2 | 451,725 | 0 | 0 | 0 | 0 | 0% |
| 3 | 631,309 | 689,143 | 676,800 | 630,250 | 25 | 100% |
| 4 | 1,119,911 | 1,054,650 | 1,062,867 | 834,200 | 58 | 98% |
| 5+ | 2,595,580 | 2,235,313 | 1,705,429 | 1,057,180 | 55 | 95% |
| TOWN | $1,573,891 | 1,406,864 | 1,056,636 | $827,400 | 45 | 97% |
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