01--Millburn-ShortHills_april2011

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MILLBURN - SHORT HILLS

April 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 Short Hills or Millburn, 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 Original List Price List Price at Sale Sale Price DOM Beds Baths Style 28 Milton St $475,000 $475,000 $445,000 86 3 2 Colonial 64 Locust Ave $499,000 $499,000 $470,000 10 3 1.1 Colonial 31 Canterbury Ln $675,000 $675,000 $710,100 20 3 2.1 Colonial 914 Ridgewood Rd $685,000 $685,000 $700,000 9 4 2.1 Tudor 28 Great Hills Road $824,900 $749,000 $756,999 168 4 2.1 Colonial 516 Old Short Hills Rd $1,595,000 $999,000 $985,000 138 4 3.2 Colonial 99 Sagamore Rd $1,088,000 $1,088,000 $970,000 170 4 2.1 Custom 61 Tennyson Dr $1,195,000 $1,195,000 $1,265,000 8 5 3.1 SplitLev 31 Farbrook Dr $2,850,000 $2,850,000 $2,535,000 119 7 6.1 Colonial 71 Woodfield Dr $4,500,000 $4,500,000 $4,115,000 15 6 5.3 Custom 35 Sinclair Ter $5,495,000 $4,995,000 $4,572,000 77 7 7.3 Custom AVERAGE DAYS ON MARKET: 66 AVERAGE LISTING PRICE: $1,591,605 AVERAGE SALE PRICE: $1,785,233 % SALE PRICE / LIST PRICE: 93%

MillburnMillburn-Short Hills Hills Home sale Trends April 2010- April 2011 Average Listing Price Average Sale Price %Sale Price to List Price Ratio Days on Market # of Active Listings # of Closed Listings

April 2010

May

June

July

Aug.

Sept.

$1,111,818

$1,663,181

$1,656,367

$1,088,988

$1,234,907

$1,697,90 1 $1,232,68 5

$1,611,73 8 $1,263,04 2

$1,696,37 3 $1,120,04 3

98%

98%

97%

95%

98%

98%

42

61

57

48

58

66

171

159

165

146

141

141

15

14

41

25

25

25

$1,344,031

Oct.

Nov.

Dec.

Jan

Feb.

Mar.

April 2011

Average Listing Price Average Sale Price %Sale Price to List Price Ratio Days On Market # of Active Listings

$1,670,012

$1,723,911

$1,786,633

$1,915,294

$1,699,789

$1,611,738

$1,591,605

$827,444

$854,225

$1,180,440

$941,106

$1,287,254

$1,263,042

$1,785,233

96%

98%

96%

96%

98%

98%

98%

54

67

71

69

95

58

66

136

131

102

90

115

141

141

# of Closed Listings

25

8

24

17

12

25

25

Active Listings Avg LP $229,000

New Listings Avg LP $0

Under Contract Avg LP $0

Sold Listings Avg LP $0

2

$466,725

$419,000

$0

3

$635,621

$641,313

4

$1,169,380

5+ TOWN

# Beds 1

Average

SP/LP

DOM

% 0

0%

$0

0

0%

$685,333

$541,700

39

99%

$1,143,765

$1,189,833

$977,500

154

94%

$2,637,545

$2,324,905

$1,781,111

$3,121,750

55

92%

$1,591,605

$1,435,400

$1,274,815

$1,785,233

71

93%


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