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The Sue Adler Team South Orange Market Stats June 2011

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South 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 South 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 List Price at Sale Sale Price DOM Beds Baths Style
483  Irvington Ave  $335,000 $250,000 $232,000 163 4 2 Colonial
191  Village Rd  $421,000 $421,000 $421,000 12 4 3 Bungalow
11  Walnut Ct  $524,900 $524,900 $510,000 46 4 3.2 Colonial
74  Speir Dr  $599,000 $549,000 $505,000 28 6 4.1 RanchExp
128 Montrose $725,000 $599,000 $570,000 407 5 4.2 Colonial
211  Prospect St  $625,000 $599,000 $560,000 105 6 2.1 Victrian
445  Harding Dr.  $675,000 $659,000 $622,500 117 6 4.2 Colonial
264  Highland Rd  $749,900 $749,900 $749,900 16 3 2.2 Tudor
170  Glenview Rd  $750,000 $750,000 $715,000 222 4 3 RanchExp
51  Glenview Rd  $750,000 $750,000 $675,000 23 5 3.2 Colonial
50  Tillou Rd W  $850,000 $850,000 $820,000 33 3 3.1 TwnEndUn
181  Underhill Rd  $1,000,000 $925,000 $925,000 60 4 4.1 Colonial
6  Halsey Pl  $1,990,000 $1,990,000 $1,700,000 38 7 4.1 Tudor

AVERAGE DAYS ON MARKET: 98  AVERAGE LISTING PRICE: $518,044

AVERAGE SALE PRICE:  $723,036  % SALE PRICE / LIST PRICE: 93%

South Orange Home Sale Trends June 2010-June 2011

  June  2010 July Aug.   Sept. Oct. Nov.
Average Listing Price $586,958 $581,681 $597,667 $576,446 $560,074 $539,679
Average Sale Price $487,421 $565,692 $507,550 $630,406 $522,143 $492,000
%Sale /Ratio 96% 96% 95% 96% 97% 96%
DOM 36 71 72 71 84 72
#Active Listings 186 178 156 176 180 176
#Closed Listings 14 13 18 16 7 9
  Dec. Jan. Feb. Mar. April May June 2011
Ave. Listing Price $549,604 $539,376 $528,018 $533,893 $555,271 $530,651 $518,044
Ave. Sale Price $368,300 $479,409 $592,550 $591,400 $428,250 $379,564 $723,036
%Sale Price to List Price Ratio 97% 94% 92% 95% 95% 93% 93%
Days On Market 107 90 98 149 74 80 98
# of Active Listings 152 151 155 176 143 180 161
# of Closed Listings 11 12 11 7 9 16 13
June 2011 Active Listings New Listings Under Contract Sold Listings Average SP/LP
# Beds Avg LP Avg LP Avg LP Avg LP DOM %
1 $222,263 $293,000 $62,775 $0 0 0%
2 $309,991 $295,000 $379,000 $0 0 0%
3 $403,223 $426,300 $839,000 $749,900 16 100%
4 $466,246 $433,300 $417,238 $642,750 85 98%
5 $694,925 $740,613 $653,333 $772,083 120 90%
TOWN $518,044 $523,254 $524,934 $723,036 98 93%
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