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The Sue Adler Team South Orange Market Stats May 2011

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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
378 Valley Street $75,000 $65,000 $22,000 206 1 1 FirstFlr
609 S Orange Ave $214,900 $214,900 $214,900 94 2 2.1 TwnIntUn
18 Prospect St $250,000 $240,000 $225,000 83 2 2 OneFloor
709 Kenmore Ave $301,000 $247,000 $240,000 230 3 1.1 Colonial
259 Ward Pl $299,000 $299,000 $305,000 11 3 1 Colonial
261 Village Rd $375,000 $325,000 $270,000 43 3 1.1 Colonial
24 Cottage St $339,000 $339,000 $330,000 77 6 1.1 Colonial
215 Montague Pl $349,000 $349,000 $310,000 100 4 1 Colonial
75 Massel Ter $389,500 $369,500 $360,000 55 3 1.1 Colonial
225 Thornden St $399,000 $399,000 $380,000 77 2 2.1 TwnIntUn
75 Ward Pl $499,000 $499,000 $490,000 26 7 2.1 Colonial
518 Hartford Ct $510,000 $510,000 $502,000 25 4 3.1 Colonial
178 Crestwood Dr $575,000 $535,000 $475,000 90 3 2.2 RanchExp
377 Charlton Ave $580,000 $580,000 $551,000 22 5 3.1 Colonial
440 Twin Oak Rd $669,900 $669,900 $655,000 37 4 4.1 Colonial
73 Crest Dr $1,099,000 $1,099,000 $999,000 38 6 3.1 Colonial

AVERAGE DAYS ON MARKET: 80 AVERAGE LISTING PRICE: $530,651

AVERAGE SALE PRICE: $379,564 % SALE PRICE / LIST PRICE: 93%

South Orange Home Sale Trends May 2010-May 2011

  May 2010 June July Aug. Sept. Oct.
Average Listing Price $603,833 $586,958 $581,681 $597,667 $576,446 $560,074
Average Sale Price $579,059 $487,421 $565,692 $507,550 $630,406 $522,143
%Sale /Ratio 97% 96% 96% 95% 96% 97%
DOM 46 36 71 72 71 84
#Active Listings 185 186 178 156 176 180
#Closed Listings 17 14 13 18 16 7
Nov. Dec. Jan. Feb. Mar. April May 2011
Average Listing Price $539,679 $549,604 $539,376 $528,018 $533,893 $555,271 $530,651
Average Sale Price $492,000 $368,300 $479,409 $592,550 $591,400 $428,250 $379,564
%Sale Price to List Price Ratio 96% 97% 94% 92% 95% 95% 93%
Days On Market 72 107 90 98 149 74 80
# of Active Listings 176 152 151 155 176 143 180
# of Closed Listings 9 11 12 11 7 9 16
May 2011 Active Listings New Listings Under Contract Sold Listings Average SP/LP
# Beds Avg LP Avg LP Avg LP Avg LP DOM %
1 $235,511 $0 $0 $22,000 206 34%
2 $325,108 $462,000 $379,950 $273,300 85 96%
3 $424,866 $394,500 $517,718 $322,500 94 92%
4 $491,955 $607,930 $617,833 $406,000 63 95%
5 $688,048 $610,778 $792,667 $592,500 41 94%
TOWN $530,651 $556,646 $611,758 $379,564 80 93%
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