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The Sue Adler Team South Orange Market Stats October 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 OLP LP SP DOM BRS BTH STYLE
64 4Th St $260,000 $260,000 $245,000 266 4 3 Colonial
31-41 Church St # 304 $293,000 $293,000 $275,000 67 1 1.1 OneFloor
14 Village Green Ct $419,000 $379,000 $379,000 80 2 2.1 TwnEndUn
261 Village Rd $429,000 $429,000 $425,000 8 3 1.2 Colonial
380 Harding Dr $567,500 $519,000 $502,900 139 4 3 Colonial
461 Lenox Ave $559,000 $539,000 $540,000 76 3 2.2 Tudor
330 S Ridgewood Rd $599,000 $575,000 $521,000 91 4 3 RanchRas
63 Montrose Ave $672,500 $659,000 $639,000 68 6 2.1 Victrian
126 Turrell Ave $779,000 $749,900 $730,000 101 5 3.1 Tudor
317 Forest Rd $1,300,000 $1,300,000 $1,270,000 42 6 5.3 Colonial

AVERAGE DAYS ON MARKET: 66  AVERAGE LISTING PRICE: $487,561
AVERAGE SALE PRICE:  $591,429 % SALE PRICE / LIST PRICE: 97%

Oct. 2010 Nov. Dec. Jan. Feb. Mar.
Ave Listing Price $560,074 $539,679 $549,604 $539,376 $528,018 $533,893
Ave Sale Price $522,143 $492,000 $368,300 $479,409 $592,550 $591,400
%Sale/List Ratio 97% 96% 97% 94% 92% 95%
DOM 84 72 107 90 98 149
#Active Listings 180 176 152 151 155 176
# Closed Listings 7 9 11 12 11 7
April May June July Aug. Sept. Oct. 2011
Ave Listing Price $555,271 $530,651 $518,044 $509,888 $485,982 $504,284 $487,561
Ave Sale Price $428,250 $379,564 $723,036 $598,793 $428,059 $505,797 $591,429
%Sale/ List  Ratio 95% 93% 93% 96% 93% 94% 97%
DOM 74 80 98 50 116 75 66
# Active Listings 143 180 161 155 129 146 139
# Closed Listings 9 16 13 23 18 11 10
Active Listings New Listings Under Contract Sold Listings Average SP/LP
# Beds Avg LP Avg LP Avg LP Avg LP DOM %
1 $188,450 $0 $54,000 $275,000 67 94%
2 $302,737 $324,000 $220,000 $379,000 80 100%
3 $357,848 $329,725 $506,633 $482,500 42 100%
4 $462,314 $513,500 $558,650 $521,000 91 91%
5 $634,388 $599,813 $499,300 $1,000,000 72 98%
TOWN $487,561 $526,718 $474,550 $591,429 66 97%
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