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 |
| 100 Park Ave | $275,000 | $235,000 | $125,000 | 168 | 3 | 1.1 | Colonial |
| 103Â Park Ave | $265,000 | $265,000 | $230,800 | 93 | 2 | 2 | OneFloor |
| 22 Iris Rd | $345,000 | $349,000 | $330,000 | 241 | 2 | 1 | CapeCod |
| 28Â Morris Ave | $485,000 | $485,000 | $465,000 | 36 | 2 | 2.1 | TwnIntUn |
| 12 Woodfern Rd | $575,000 | $575,000 | $525,000 | 21 | 3 | 2 | Ranch |
| 11 Iris Rd | $595,000 | $595,000 | $590,000 | 40 | 3 | 1.1 | Tudor |
| 5 Laurel Ave | $849,000 | $829,000 | $810,000 | 31 | 3 | 1.1 | Colonial |
| 167 Colonial Rd | $849,000 | $849,000 | $849,000 | 12 | 4 | 2.1 | Colonial |
| 19 Oak Forest Ln | $895,000 | $875,000 | $822,000 | 156 | 4 | 2.1 | Colonial |
| 74 Hawthorne Pl | $925,000 | $925,000 | $900,000 | 25 | 4 | 3.1 | Colonial |
| 34 Drum Hill Dr | $995,000 | $995,000 | $975,000 | 35 | 4 | 3.1 | SplitLev |
| 25Â Norwood Ave | $1,295,000 | $1,295,000 | $1,250,000 | 30 | 3 | 2.1 | TwnIntUn |
| 16 Oakland Pl | $1,395,000 | $1,395,000 | $1,340,000 | 16 | 5 | 4 | Colonial |
| 8 Warwick Rd | $1,550,000 | $1,495,000 | $1,450,000 | 43 | 5 | 3.1 | Colonial |
| 22 Kings Hill Ct | $1,719,000 | $1,599,000 | $1,450,000 | 87 | 5 | 4.2 | Colonial |
| 39 Oak Ridge Ave | $2,095,000 | $2,095,000 | $2,010,000 | 24 | 7 | 3.1 | Colonial |
| 141 Hobart Ave | $2,290,000 | $2,290,000 | $2,300,000 | 21 | 6 | 5.1 | Colonial |
| 124 Hobart Ave | $3,950,000 | $3,650,000 | $3,300,000 | 177 | 7 | 4.1 | Colonial |
AVERAGE DAYS ON MARKET: 62Â Â Â Â AVERAGE LISTING PRICE: Â $1,071,774
AVERAGE SALE PRICE: $950,057Â % SALE PRICE / LIST PRICE: 96%
SUMMITÂ Â Â Home sale Trends May 2010 and May 2011
| Â | May 2010 | June | July | Aug. | Sept. | Oct. |
| Ave Listing Price | $1,131,098 | $961,085 | $894,472 | $1,058,813 | $875,535 | $910,411 |
| Ave Sale Price | $800,795 | $1,037,654 | $1,138,641 | $818,599 | $1,124,376 | $1,073,692 |
| %Sale/List Price Ratio | 99% | 98% | 98% | 98% | 98% | 95% |
| DOM | 61 | 41 | 49 | 55 | 66 | 57 |
| #ActiveListings | 188 | 166 | 145 | 130 | 132 | 140 |
| #Closed Listings | 29 | 52 | 30 | 33 | 22 | 13 |
| Â | Nov. | Dec. | Jan. | Feb. | Mar. | April | May 2011 |
| Ave List Price | $896,599 | $910,690 | $1,019,831 | $1,050,935 | $1,088,169 | $1,070,869 | $1,071,774 |
| Ave Sale Price | $797,868 | $938,385 | $544,318 | $887,875 | $744,130 | $1,008,808 | $950,057 |
| %Sale/List Price Ratio | 98% | 97% | 97% | 97% | 99% | 90% | 96% |
| DOM | 48 | 73 | 52 | 67 | 68 | 63 | 62 |
| #Active Listings |
127 | 91 | 90 | 123 | 143 | 165 | 164 |
| # Closed Listings | 26 | 14 | 12 | 9 | 15 | 15 | 18 |
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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 | $230,300 | $571,500 | $162,000 | $0 | 0 | 0% |
| 2 | $526,223 | $632,200 | $739,000 | $341,933 | 123 | 93% |
| 3 | $572,927 | $622,333 | $565,580 | $660,000 | 58 | 94% |
| 4 | $1,033,136 | $1,376,446 | $891,878 | $937,500 | 30 | 98% |
| 5 | $1,746,773 | $1,495,643 | $1,338,500 | $1,775,000 | 37 | 96% |
| TOWN | $1,071,774 | $1,081,256 | $855,490 | $950,057 | 62 | 96% |
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