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%