SUMMIT July  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 Summit, 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 |
| 133Â Summit Ave 23AÂ | $139,000 | $110,000 | $95,000 | 109 | 1 | 1 | OneFloor |
| 29 Brainerd Rd | $419,000 | $359,000 | $345,000 | 133 | 3 | 1.1 | SplitLev |
| 28 Edison Dr | $449,900 | $449,900 | $445,000 | 16 | 4 | 2 | CapeCod |
| 54 New England Ave | $450,000 | $450,000 | $425,000 | 25 | 2 | 2.1 | TwnEndUn |
| 73 Passaic Ave | $495,000 | $495,000 | $495,000 | 15 | 4 | 2.1 | Colonial |
| 116 Canoe Brk Pkwy | $534,900 | $520,000 | $515,000 | 92 | 4 | 2 | CapeCod |
| 152 Beekman Rd | $599,000 | $599,000 | $599,000 | 31 | 5 | 1.1 | Colonial |
| 37 Fairview Ave | $725,000 | $725,000 | $726,000 | 23 | 3 | 1.1 | Colonial |
| 44 Eggers Ct | $739,000 | $739,000 | $757,000 | 78 | 2 | 3.1 | TwnEndUn |
| 215 Ashland Rd | $795,000 | $759,000 | $720,000 | 63 | 5 | 3 | Custom |
| 37 Plain St | $799,000 | $799,000 | $788,500 | 165 | 4 | 2.1 | Colonial |
| 30 Dale Dr | $799,900 | $799,900 | $775,000 | 16 | 4 | 3 | Bi-Level |
| 27 Glen Oaks Ave | $1,195,000 | $1,149,000 | $1,160,000 | 22 | 4 | 2.1 | Colonial |
| 16 Clearview Dr | $1,150,000 | $1,150,000 | $1,250,000 | 5 | 4 | 3.1 | Colonial |
| 48 Drum Hill Dr | $1,199,000 | $1,199,000 | $1,100,000 | 35 | 5 | 3.1 | Colonial |
| 45 Blackburn Rd | $1,395,000 | $1,299,000 | $1,236,500 | 71 | 6 | 3.1 | Colonial |
| 83 Blackburn Rd | $1,299,000 | $1,299,000 | $1,275,000 | 23 | 5 | 3.2 | Colonial |
| 6 Whittredge Rd | $1,395,000 | $1,349,000 | $1,325,000 | 58 | 4 | 2.1 | Colonial |
| 59 Hobart Ave | $1,425,000 | $1,425,000 | $1,425,000 | 16 | 6 | 3.1 | Colonial |
| 193 Blackburn Rd | $1,699,000 | $1,699,000 | $1,615,000 | 7 | 5 | 5.1 | Colonial |
| 290 Oak Ridge Ave | $2,075,000 | $1,875,000 | $1,812,500 | 52 | 5 | 5.2 | Custom |
| 222 Oak Ridge Ave | $2,195,000 | $2,195,000 | $2,025,000 | 36 | 4 | 4.1 | Colonial |
| 45 Silver Lake Dr | $2,200,000 | $2,200,000 | $2,125,000 | 30 | 5 | 4.1 | Colonial |
| 7 Edgewood Rd | $3,480,000 | $3,100,000 | $2,600,000 | 193 | 8 | 3.2 | Victrian |
| 96 Hillcrest Ave | $5,950,000 | $5,950,000 | $5,250,000 | 134 | 6 | 5.3 | Colonial |
AVERAGE DAYS ON MARKET: 60Â Â Â Â AVERAGE LISTING PRICE: Â $1,106,090
AVERAGE SALE PRICE: $1,268,313Â % SALE PRICE / LIST PRICE: 94%
SUMMITÂ Â Â Â Â Home sale Trends July 2010 and July 2011
| Â | July 2011 | Aug. | Sept. | Oct. | Nov. | Dec. |
| Average Listing Price | $894,472 | $1,058,813 | $875,535 | $910,411 | $896,599 | $910,690 |
| Average Sale Price | $1,138,641 | $818,599 | $1,124,376 | $1,073,692 | $797,868 | $938,385 |
| %Sale Price to List Price Ratio | 98% | 98% | 98% | 95% | 98% | 97% |
| Days on Market | 49 | 55 | 66 | 57 | 48 | 73 |
| # of Active  Listings |
145 | 130 | 132 | 140 | 127 | 91 |
| # of Closed Listings | 30 | 33 | 22 | 13 | 26 | 14 |
| Â | Jan. | Feb. | Mar. | April | May | June | July 2011 |
| Average Listing Price | $1,019,831 | $1,050,935 | $1,088,169 | $1,070,869 | $1,071,774 | $1,086,202 | $1,106,090 |
| Average Sale Price | $544,318 | $887,875 | $744,130 | $1,008,808 | $950,057 | $874,022 | $1,268,313 |
| %Sale Price to List Price Ratio | 97% | 97% | 99% | 90% | 96% | 98% | 94% |
| Days On Market | 52 | 67 | 68 | 63 | 62 | 67 | 60 |
| # of Active  Listings |
90 | 123 | 143 | 165 | 164 | 169 | 153 |
| # of Closed Listings | 12 | 9 | 15 | 15 | 18 | 35 | 25 |
Â
| Â | Active Listings | New Listings | Under Contract | Sold Listings | Average | SP/LP |
| # Beds | Avg LP | Avg LP | Avg LP | Avg LP | DOM | % |
| 1 | $271,475 | $0 | $110,000 | $95,000 | 109 | 86% |
| 2 | $633,662 | $765,167 | $762,211 | $591,000 | 52 | 99% |
| 3 | $580,236 | $583,650 | $475,483 | $535,500 | 78 | 99% |
| 4 | $1,065,584 | $1,110,000 | $1,052,250 | $1,041,688 | 51 | 99% |
| 5 | $1,829,769 | $2,169,833 | $1,548,000 | $1,796,182 | 60 | 92% |
| TOWN | $1,106,090 | $1,157,163 | $811,991 | $1,268,313 | 60 | 94% |
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