Second Quarter 2021 Market Report I Turpin Realtors

NORTH CENTRAL NEW JERSEY

MARKET REPORT 2021 SECOND QUARTER

SECOND QUARTER MARKET REPORT 2021

About the Data • • • • •

This study includes all residential home sales in the towns indicated as reported by Garden State Multiple Service LLC (GSMLS), including condominiums and townhomes. It does not include land sales, commercial sales or rentals.

Year to Date “Overview” sales data is as​​reported​​to GSMLS on 7/9/21.

When considering Supply and Demand, it is generally accepted that a supply of six months represents a balanced market. Below six months tends to be a seller’s market, with prices rising, and above six months generally indicates a buyer’s market with downward pressure on pricing.

Average Sales per month is calculated on the number of sales for the current year.

The relatively tiny amount of transaction data in some categories can lead to wild swings that do not necessarily point to a trend in one direction or another.

CONTENTS

REGIONAL RESULTS – JUNE 2021 Essex and Union Counties (partial) Hunterdon County

Morris County Somersert County

RESULTS BY TOWN - 2021 SECOND QUARTER Bedminster Berkeley Heights Bernards Twp. Bernardsville Boonton Town Boonton Twp. Bridgewater Twp. Califon Chatham Boro Chatham Twp. Chester Boro Chester Twp. Clinton Town

Clinton Twp. Far Hills Florham Park Harding Twp. Lebanon Boro Lebanon Twp. Long Hill Twp. Madison Maplewood Mendham Boro Mendham Twp. Millburn Morris Plains

Cover image: 263 Childs Rd, Bernards Twp.

Morris Twp. Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield

COMMENTARY RESULTS BY TOWN FOR THE YEAR TO DATE With the close of the second quarter, we are pleased to report that sales throughout our North Central New Jersey real estate market remain brisk. Buyer demand is strong in most market segments and the data suggest that home supply remains constrained. Though it feels as if the market has settled down a bit from its peak in April, in fact many towns are seeing even tighter supply in popular price ranges. Renewed interest in suburban living, attractive interest rates and limited inventory indicate that the current levels of activity are likely to continue through the second half of the year.

Comparing second quarter performance to 2020 is problematic because the Spring 2020 lockdown, and its ensuing decline in home sales, have led to artificially inflated results. The near-200% spike in sales that is illustrated in our county charts in April is but one example, and should be viewed within this context.

County-Level Performance for June 2021 In the month of June, inventory in the counties we studied was 30%-40% lower than the prior year, resulting in an across-the-board increase to median sale prices and a reduction in average days on market by half.

Declines in contracts pended during June are almost certainly due to the inventory shortage, rather than a lack of demand. In terms of unit sales volume, the $1-2 million segment has shown tremendous improvement, though as supply tightens there is potential for a decline in transactions. Sales above $3 million are improving as well, which is a trend we hope will continue.

Town Level Results for June 2021 At the town level, our second quarter report documents staggering year-over-year improvements, although as noted above, they are skewed by the unusual circumstances of 2020.

•

For homes under $1 million, 71% of the towns we studied show fewer than 2 months’ supply of inventory as of June 30th. Chatham Borough, Harding, Mendham Borough, Mountain Lakes and Califon are especially tight, with less than one month of supply in this price range. For comparison, during the same period in 2019, none of the 39 towns in our study had fewer than two months’ supply.

•

The $1-2 million market continues to lead the way in year-over-year improvement, perhaps because the supply in this segment was better matched to the demand. Bernards Township, Chatham Borough, Madison, Mendham Township and Tewksbury all showed phenomenal gains, with many sales increases topping 300% versus year-to-date 2020; as compared to the same period in 2019, the improvement is still marked, ranging from 150-290%.

•

Activity above $2 million is increasing as well and we are hopeful that this momentum will continue as 2021 progresses. Year-to-date gains were posted in Bedminster (+3 units), Bernardsville (+6 units), Far Hills (+2 units) and Peapack-Gladstone (+1 unit), while Harding also improved significantly (11 sales as compared to 4 during the same period in 2020). In Chatham Borough, during the first half of 2021, five homes traded between $2-3 million; this equals the total sales volume of the preceding six years combined! Unsurprisingly, Summit and Millburn-Short Hills continued to set the bar in high-end home sales, with 5 and 7 year-to-date sales, respectively.

We are enthused by the strength of our current market and fascinated by the dynamics of this evolving real estate picture. Successfully matching buyers and sellers requires astute perspective and a broad-ranging skillset. At Turpin, we are focused on ensuring our team has the knowledge, training and support to help our clients thrive in the current climate—from accurate pricing strategies to best practices for promotion, PR and handling multiple bids.

John Turpin, President www.TurpinRealtors.com/Reports © 2021 Turpin Realtors

Source: GSMLS and TrendGraphix

ESSEX & UNION COUNTY MUNICIPALITIES* JUNE 2021 | RESIDENTIAL PROPERTIES - ALL PRICES

YEAR OVER YEAR ACTIVITY - ALL PRICES April 2020 - June 2021

Homes for Sale

New Listings

Homes Sold

Contracts Pended

300%

Change from Last Year

200%

100%

0%

ne Ju

y Ma

Ap r.

r.

Ma

.

Fe b

n.

Ja

De

c.

v.

No

Oc t.

.

.

Se p

Au g

l.

Ju

Ju

n.

y Ma

Ap r.

-100%

MEDIAN SOLD PRICE - ALL PRICES Past 3 Years

$800,000

Median Sold Price

$600,000

$400,000

$200,000

2/2 0 4/2 0 6/2 0 8/2 0 10 /20 12 /20 2/2 1 4/2 1 6/2 1

/19

12

9

/19

10

8/1

9 6/1

9 4/1

9 2/1

/18

12

8

/18

10

8/1

6/1

8

$0

* Berkeley Heights Twp, Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/16/21 & Trendgraphix

ESSEX & UNION COUNTY MUNICIPALITIES* JUNE 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE

ALL PRICES June 2021

% Change

Homes For Sale

620 940 -34%

New Listing

636 723 -12%

Contracts Pended

476 598 -20%

Homes Sold

589 327 80%

Days on Market

UNDER $1 MILLION June 2021

April 2020

April 2020

24

44

-45%

$1,000,000 - $1,999,999 MILLION % Change

June 2021

April 2020

% Change

Homes for Sale

357 657 -46%

Homes for Sale

127 223 -43%

New Listing

450 457 -2%

New Listing

116 134 -13%

Contracts Pended

381 287 33%

Contracts Pended

88

111 -21%

Homes Sold

265 213 24%

Homes Sold

148

63 135%

Days on Market

24

Days on Market

29

47 -38%

44 -45%

$2,000,000 - $2,999,999 MILLION June 2021

April 2020

$3 MILLION+

% Change

June 2021

April 2020

% Change

For Sale

32

59 -46%

For Sale

New Listing

17

29 -41%

New Listing

6

5

20%

Contracts Pended

14

15 -7%

Contracts Pended

4

3

33%

Homes Sold

26

5 420%

Homes Sold

3

3

NC

Days on Market

39

150 -74%

© 2021 Turpin Realtors

Days on Market

Subject to Errors and Omissions

24

15 60%

80 43 0%

Source: GSMLS 7/16/21 & Trendgraphix

HUNTERDON COUNTY

JUNE 2021 | RESIDENTIAL PROPERTIES - ALL PRICES

YEAR OVER YEAR ACTIVITY - ALL PRICES April 2020 - June 2021

Homes for Sale

New Listings

Homes Sold

Contracts Pended

150%

Change from Last Year

100%

50%

0%

-50%

ne Ju

y Ma

Ap r.

r.

Ma

.

Fe b

n.

Ja

De

c.

v.

No

Oc t.

.

.

Se p

Au g

l.

Ju

Ju

n.

y Ma

Ap r.

-100%

MEDIAN SOLD PRICE - ALL PRICES Past 3 Years

$800,000

Median Sold Price

$600,000

$400,000

$200,000

© 2021 Turpin Realtors

2/2 0 4/2 0 6/2 0 8/2 0 10 /20 12 /20 2/2 1 4/2 1 6/2 1

/19

12

9

/19

10

8/1

9 6/1

9 4/1

9 2/1

/18

12

8

/18

10

8/1

6/1

8

$0

Subject to Errors and Omissions

Source: GSMLS 7/16/21 & Trendgraphix

HUNTERDON COUNTY

JUNE 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE

ALL PRICES June 2021

% Change

Homes For Sale

364 609 -40%

New Listing

294 308 -5%

Contracts Pended

221 272 -19%

Homes Sold

235 147 60%

Days on Market

39

UNDER $1 MILLION June 2021

April 2020

April 2020

78

-50%

$1,000,000 - $1,999,999 MILLION % Change

June 2021

April 2020

% Change

Homes for Sale

364 609 -40%

Homes for Sale

36

40

-10%

New Listing

294 308 -5%

New Listing

16

7

129%

Contracts Pended

221 272 -19%

Contracts Pended

11

2

450%

Homes Sold

235 147 60%

Homes Sold

8

3

167%

Days on Market

39

78

-50%

Days on Market

$2,000,000 - $2,999,999 MILLION

$3 MILLION+

June 2021

April 2020

% Change

For Sale

9

14

-36%

For Sale

New Listing

2

5

-60%

Contracts Pended

1

0

∞

Homes Sold

0

0

NC

Days on Market

© 2021 Turpin Realtors

122 137 -11%

NA NA NA

June 2021

April 2020

% Change

9

4

125%

New Listing

0

0

NC

Contracts Pended

0

0

NC

Homes Sold

0

0

NC

Days on Market

Subject to Errors and Omissions

NA NA NA

Source: GSMLS 7/16/21 & Trendgraphix

MORRIS COUNTY

JUNE 2021 | RESIDENTIAL PROPERTIES - ALL PRICES

YEAR OVER YEAR ACTIVITY - ALL PRICES April 2020 - June 2021

Homes for Sale

New Listings

Homes Sold

Contracts Pended

Change from Last Year

200%

100%

0%

ne Ju

y Ma

Ap r.

r.

Ma

.

Fe b

n.

Ja

De

c.

v.

No

Oc t.

.

.

Se p

Au g

l.

Ju

Ju

n.

y Ma

Ap r.

-100%

MEDIAN SOLD PRICE - ALL PRICES Past 3 Years

$800,000

Median Sold Price

$600,000

$400,000

$200,000

© 2021 Turpin Realtors

2/2 0 4/2 0 6/2 0 8/2 0 10 /20 12 /20 2/2 1 4/2 1 6/2 1

/19

12

9

/19

10

8/1

9 6/1

9 4/1

9 2/1

/18

12

8

/18

10

8/1

6/1

8

$0

Subject to Errors and Omissions

Source: GSMLS 7/16/21 & Trendgraphix

MORRIS COUNTY

JUNE 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE

ALL PRICES June 2021 Homes For Sale

% Change

1089 1708 -36%

New Listing

990

1076

-8%

Contracts Pended

776

881

-12%

Homes Sold

836

494

69%

30

55

-45%

Days on Market

UNDER $1 MILLION June 2021

April 2020

April 2020

$1,000,000 - $1,999,999 MILLION % Change

June 2021

April 2020

% Change

Homes for Sale

892 1407 -37%

Homes for Sale

New Listing

897 934 -4%

New Listing

71

120

-41%

Contracts Pended

704 819 -14%

Contracts Pended

63

58

9%

Homes Sold

728 453 61%

Homes Sold

90

33

173%

Days on Market

59

83

-29%

April 2020

% Change

Days on Market

26

53

-51%

141 243 -42%

$2,000,000 - $2,999,999 MILLION June 2021

April 2020

% Change

For Sale

36

New Listing

16 16 0%

Contracts Pended

8

41 -12%

3

167%

Homes Sold

11

8 38%

Days on Market

41

66 -38%

© 2021 Turpin Realtors

$3 MILLION+ June 2021 For Sale

20

17 18%

New Listing

6

6

0%

Contracts Pended

1

1

0%

Homes Sold

7

0

N/A

Days on Market

Subject to Errors and Omissions

85 NA NA

Source: GSMLS 7/16/21 & Trendgraphix

SOMERSET COUNTY

JUNE 2021 | RESIDENTIAL PROPERTIES - ALL PRICES

YEAR OVER YEAR ACTIVITY - ALL PRICES April 2020 - June 2021

Homes for Sale

New Listings

Homes Sold

Contracts Pended

Change from Last Year

200%

100%

0%

ne Ju

y Ma

Ap r.

r.

Ma

.

Fe b

n.

Ja

c.

De

v.

No

Oc t.

.

Se p

.

Au g

l.

Ju

Ju

n.

y Ma

Ap r.

-100%

MEDIAN SOLD PRICE - ALL PRICES Past 3 Years

$800,000

Median Sold Price

$600,000

$400,000

$200,000

© 2021 Turpin Realtors

2/2 0 4/2 0 6/2 0 8/2 0 10 /20 12 /20 2/2 1 4/2 1 6/2 1

/19

12

9

9

/19

10

8/1

6/1

9 4/1

9 2/1

/18

12

8

/18

10

8/1

6/1

8

$0

Subject to Errors and Omissions

Source: GSMLS 7/16/21 & Trendgraphix

SOMERSET COUNTY

JUNE 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE

ALL PRICES June 2021

April 2020

Homes For Sale

713 1041 -32%

New Listing

692 649 7%

Contracts Pended

531 530 0.2%

Homes Sold

567 292 94%

Days on Market

28

58

UNDER $1 MILLION June 2021

% Change

April 2020

-52%

$1,000,000 - $1,999,999 % Change

June 2021

April 2020

% Change

Homes for Sale

572 853 -33%

Homes for Sale

New Listing

628 583 8%

New Listing

57

60

-5%

Contracts Pended

493

Contracts Pended

35

21

0.667

Homes Sold

511 280 83%

Homes Sold

51

12

325%

Days on Market

38

146

-74%

April 2020

% Change

Days on Market

27

506 -0.026

55

-51%

104 156 -33%

$2,000,000 - $2,999,999 June 2021

$3 MILLION+

April 2020

% Change

20

21

-5%

For Sale

New Listing

5

4

25%

New Listing

2

2

NC

Contracts Pended

3

2

50%

Contracts Pended

0

1

-100%

Homes Sold

3

0

∞

Homes Sold

2

0

∞

For Sale

Days on Market

© 2021 Turpin Realtors

208 NA NA

June 2021

Days on Market

Subject to Errors and Omissions

17

11 55%

27 NA NA

Source: GSMLS 7/16/21 & Trendgraphix

BEDMINSTER SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

66

% CHANGE

YTD 2021

YTD 2020

127

38 73.7%

% CHANGE

79 60.8%

$35,463,100 $15,583,000 127.6%

$63,720,132

$31,065,800

105.1%

MEDIAN SALE PRICE

$396,250 $364,000 8.9%

$362,500

$342,500

5.8%

AVERAGE SALE PRICE

$537,319 $410,078 31%

$501,733

$393,237

27.6%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

28

% SALES PRICE TO LIST PRICE

99.3%

67 -58.2%

43

58 -26.1%

97.7% 1.6%

98%

97.5% 0.5%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE NC

1 1

57.7%

YTD

2021

YTD

2020

3 0

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

123 78

YTD

2020

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

0%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

29 20.50 1.41

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 0.17 36.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

5 0.50 10.00

INVENTORY

AVG SALES PER MONTH

8 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

BERKELEY HEIGHTS SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

82

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 122

31 164.5%

$57,084,320 $18,758,000 204.3%

YTD 2020

% CHANGE

64 90.6%

$81,883,816

$36,769,752

122.7%

MEDIAN SALE PRICE

$677,500

$605,000

12%

$651,000

$586,250

11%

AVERAGE SALE PRICE

$696,150

$605,096

15%

$671,178

$574,527

16.8%

31

59

-47.5%

35

71

-50.7%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.2%

98.9% 3.3%

101.4%

98% 3.5%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

117 64

YTD

2020

5 0

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

82.8%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

28 19.50 1.44

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.83 2.40

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

BERNARDS TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

157

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 247

82 91.5%

$120,340,456 $52,019,036 131.3%

YTD 2020

% CHANGE

158 56.3%

$178,082,544 $99,001,512 79.9%

MEDIAN SALE PRICE

$695,000

$599,450

15.9%

$635,000

$590,000

7.6%

AVERAGE SALE PRICE

$766,499

$634,378

20.8%

$720,981

$626,591

15.1%

28

66

-57.6%

36

74

-51.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.5%

96.8% 3.8%

100%

96.4% 3.7%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

51 11

YTD

2021

YTD

2020

2 1

363.6%

32.9%

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

194 146

YTD

2020

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

100%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

56 32.33 1.73

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

26 8.50 3.06

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 0.33 12.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

BERNARDSVILLE SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

72

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 113

31 132.3%

$67,820,472 $24,889,228 172.5%

YTD 2020

% CHANGE

53 113.2%

$104,995,424 $39,850,896 163.5%

MEDIAN SALE PRICE

$785,100

$615,000 27.7%

$775,000

$595,000

30.3%

AVERAGE SALE PRICE

$941,951

$802,878 17.3%

$929,163

$751,903

23.6%

64

88 -27.3%

81

93

-12.9%

99%

91.8% 7.8%

98.1%

93.2%

5.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2021

% CHANGE

102.5%

YTD

2020

4 0

% CHANGE

YTD

2021

YTD

2020

% CHANGE

2 0

ç

26 13

YTD

2021

$3,000,000 AND UP

ç

ç

ç

81 40

YTD

2020

$2,000,000-$2,999,999

100%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

21 13.50 1.56

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 4.33 3.92

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 0.67 6.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.33 12.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

BOONTON TOWN SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

34

21

61.9%

$17,158,900

$9,723,025

76.5%

$22,986,900

$15,921,525

44.4%

MEDIAN SALE PRICE

$500,000

$433,000

15.5%

$485,000

$427,000

13.6%

AVERAGE SALE PRICE

$504,673

$463,001

9%

$489,082

$442,264

10.6%

29

72

-59.7%

30

64

-53.1%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.6%

YTD 2021

YTD 2020

47

97.5% 5.2%

% CHANGE

36 30.6%

102.1%

97.8% 4.4%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2021

ç

47 36

YTD

2020

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

30.6%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 7.83 1.02

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

BOONTON TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

11

TOTAL DOLLAR VOLUME

$8,979,150

% CHANGE

YTD 2021 29

13 -15.4% $6,572,400

36.6%

YTD 2020

% CHANGE

25 16%

$21,080,050 $10,465,400 101.4%

MEDIAN SALE PRICE

$750,000

$491,000 52.7%

$721,500

$400,000 80.4%

AVERAGE SALE PRICE

$816,286

$505,569 61.5%

$726,898

$418,616 73.6%

AVERAGE DAYS ON MARKET

24

88 -72.7%

59

91 -35.2%

% SALES PRICE TO LIST PRICE

99.6%

97.3% 2.3%

98.4%

96.0% 2.5%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2020

% CHANGE

ç

ç

27 25

YTD

2021

2 0

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

8%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 4.50 2.22

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 0.33 15.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

1 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

BRIDGEWATER TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

174

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021

YTD 2020

291

106 64.2%

% CHANGE

203 43.3%

$159,908,368 $98,067,796 63.1%

$97,586,576

$52,097,940

87.3%

MEDIAN SALE PRICE

$538,500

$497,500

8.2%

$527,000

$475,000

10.9%

AVERAGE SALE PRICE

$560,842

$491,490

14.1%

$549,513

$483,093

13.7%

21

51

-58.8%

34

56

-39.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.4%

98.3% 4.2%

101.5%

97.9% 3.7%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2020

% CHANGE

ç

9 2

ç

282 201

YTD

2021

40.3%

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

350%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

81 47.00 1.72

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 1.50 3.33

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

CALIFON SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

13

TOTAL DOLLAR VOLUME

$5,374,650

% CHANGE

YTD 2021 20

7 85.7% $2,433,620

120.9%

YTD 2020

$7,748,270

% CHANGE

11 81.8% $3,523,620

119.9%

MEDIAN SALE PRICE

$440,000

$399,000 10.3%

$399,500

$310,000 28.9%

AVERAGE SALE PRICE

$413,434

$347,660 18.9%

$387,413

$320,329 20.9%

20

84 -76.2%

25

79 -68.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101%

97.7% 3.4%

100.8%

97.9% 2.9%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2021

ç

20 11

YTD

2020

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

81.8%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 3.33 0.90

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

CHATHAM BORO SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

62

22

181.8%

$67,026,508

$19,121,250

250.5%

$112,653,104 $28,802,550 291.1%

$992,500

$752,500

31.9%

$1,100,000 $685,000 60.6%

$1,081,072 $869,147 24.4%

$1,072,886 $822,930 30.4%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

105

% CHANGE

35 200%

39

56

-30.4%

98% 2.1%

100%

97.4%

2.6%

51

100.1%

YTD 2020

-41.2%

30

% SALES PRICE TO LIST PRICE

YTD 2021

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

43 10

YTD

2021

YTD

2020

5 0

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

57 25

YTD

2020

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

330%

128%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 9.50 0.84

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 7.17 0.84

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.83 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

CHATHAM TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

58

38

52.6%

$66,894,820

$42,325,852

58%

$118,926,568 $70,986,128 67.5%

MEDIAN SALE PRICE

$1,154,000 $960,000 20.2%

$1,200,000 $960,000 25%

AVERAGE SALE PRICE

$1,153,359 $1,113,838 3.5%

$1,154,626 $1,126,763 2.5%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

103

% CHANGE

63 63.5%

33

52

-36.5%

98% 2.3%

99.8%

97.4%

2.4%

49

100.3%

YTD 2020

-40.8%

29

% SALES PRICE TO LIST PRICE

YTD 2021

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

37.1%

YTD

2020

10 11

152.9%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

2 0

ç

43 17

YTD

2021

$3,000,000 AND UP

ç

ç

ç

48 35

YTD

2020

$2,000,000-$2,999,999

9.1%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

21 8.00 2.63

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 7.17 1.53

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

8 1.67 4.80

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.33 0.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

CHESTER BORO SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

5

3

66.7%

$3,109,900

$1,730,000

79.8%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE

$621,000

AVERAGE SALE PRICE

$621,980 $576,666 7.9%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$550,000 12.9%

30

76 -60.5%

83.9%

98.9% -15.2%

YTD 2020

% CHANGE

9

8

12.5%

$5,256,900

$3,632,000

44.7%

YTD 2021

$587,000 $407,500 44% $584,100

$454,000 28.7%

40

80 -50%

80.9%

98.1% -17.5%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2021

ç

9 8

YTD

2020

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

12.5%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 1.50 3.33

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

CHESTER TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

49

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 83

26 88.5%

$43,549,304 $19,115,650 127.8%

YTD 2020

% CHANGE

48 72.9%

$67,512,608 $30,688,358 120%

MEDIAN SALE PRICE

$858,000

$740,625 15.8%

$725,000

$654,500 10.8%

AVERAGE SALE PRICE

$888,761

$735,217 20.9%

$813,404

$639,340 27.2%

AVERAGE DAYS ON MARKET

59

90 -34.4%

71

92 -22.8%

% SALES PRICE TO LIST PRICE

99.7%

97% 2.7%

99.3%

97.1% 2.3%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

20 3

YTD

2021

YTD

2020

1 0

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

62 45

YTD

2020

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

566.7%

37.8%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 10.33 1.35

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 3.33 1.80

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 0.17 18.00

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

CLINTON TOWN SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

8

8

0%

$2,978,900

YTD 2020

% CHANGE

23

20

15%

17.1%

$9,393,500

$6,806,000

38%

MEDIAN SALE PRICE

$393,500 $370,000 6.4%

$365,000

$346,750

5.3%

AVERAGE SALE PRICE

$436,125

$372,362 17.1%

$408,413

$340,300

20%

AVERAGE DAYS ON MARKET

24

29 -17.2%

29

54

-46.3%

% SALES PRICE TO LIST PRICE

103.4%

HOMES SOLD TOTAL DOLLAR VOLUME

$3,489,000

98.6% 4.9%

YTD 2021

100.1%

98.2% 1.9%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

ç

23 20

YTD

2021

YTD

2020

% CHANGE NC

0 0

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

15%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 3.83 2.61

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

CLINTON TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

68

71

-4.2%

$35,587,216

$32,992,670

7.9%

$61,608,460

$42,381,972

45.4%

MEDIAN SALE PRICE

$502,500

$450,000

11.7%

$490,000

$415,000

18.1%

AVERAGE SALE PRICE

$523,341

$464,685

12.6%

$509,160

$432,469

17.7%

22

70

-68.6%

34

65

-47.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.7%

97.7% 4.1%

YTD 2021

% CHANGE

YTD 2020

121

98 23.5%

100.7%

97.5% 3.4%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

119 98

YTD

2020

2 0

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

21.4%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

25 19.83 1.26

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.33 6.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

FAR HILLS SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

8

4

100%

$9,767,000

$2,156,000

$688,500

$530,000

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE

$1,220,875

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2020

% CHANGE

13

7

85.7%

353%

$14,870,497

$5,426,000

174.1%

29.9%

$737,000

$685,000

7.6%

$539,000 126.5%

YTD 2021

$1,143,884 $775,142 47.6%

97

86

12.8%

95

118

-19.5%

95.1%

96%

-0.9%

92.9%

91.3%

1.7%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2020

% CHANGE

50%

YTD

2020

1 0

% CHANGE

YTD

2021

YTD

2020

% CHANGE

1 0

ç

2 1

YTD

2021

$3,000,000 AND UP

ç

ç

ç

9 6

YTD

2021

$2,000,000-$2,999,999

100%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 1.50 2.67

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.33 0.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.17 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.17 24.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

FLORHAM PARK SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

41

TOTAL DOLLAR VOLUME

% CHANGE

MEDIAN SALE PRICE

$680,000

$680,000

0%

AVERAGE SALE PRICE

$772,814

$676,166

14.3%

40

51

-21.6%

% SALES PRICE TO LIST PRICE

YTD 2020

70

18 127.8%

$31,685,400 $12,171,000 160.3%

AVERAGE DAYS ON MARKET

YTD 2021

% CHANGE

35 100%

$53,790,300 $24,397,552 120.5%

100.1% 98.1% 2%

$677,500 $675,000 0.4% $768,432

$697,072 10.2%

52

51 2%

99.4% 97.4% 2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2021

% CHANGE

ç

ç

58 31

YTD

2020

12 4

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

200%

87.1%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 9.67 1.76

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 2.00 3.50

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

2 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

HARDING TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

25

15

66.7%

$47,728,152

$22,026,444

116.7%

HOMES SOLD TOTAL DOLLAR VOLUME

YTD 2020

% CHANGE

31

12.9%

$39,054,696

57.8%

YTD 2021 35 $61,641,400

MEDIAN SALE PRICE

$1,800,000 $1,266,000 42.2%

$1,500,000 $1,150,000 30.4%

AVERAGE SALE PRICE

$1,909,126 $1,468,429

$1,761,182 $1,259,828 39.8%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

30%

90

72

25%

87

102

-14.7%

94.1%

96.3%

-2.3%

95.3%

94.3%

1%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2021

% CHANGE

YTD

2020

5 4

14.3%

7.7%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

6 0

ç

12 14

YTD

2021

ç

ç

ç

12 13

YTD

2020

$3,000,000 AND UP

$2,000,000-$2,999,999

25%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 2.00 0.50

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 2.00 6.50

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 0.83 3.60

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 1.00 7.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

LEBANON BORO SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

1

700%

$3,029,000

$300,000

MEDIAN SALE PRICE

$356,500

AVERAGE SALE PRICE

YTD 2020

% CHANGE

17

5

240%

909.7%

$6,143,027

$1,378,000

345.8%

$300,000

18.8%

$311,000

$286,000

8.7%

$378,625

$300,000

26.2%

$361,354

$275,600

31.1%

47

12

291.7%

41

53

-22.6%

HOMES SOLD

8

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.6%

107.2% -5.2%

YTD 2021

100.5% 98.4% 2%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

ç

17 5

$2,000,000-$2,999,999

% CHANGE

YTD

2020

YTD

2021

NC

0 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

240%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 2.83 1.06

INVENTORY

0

AVG SALES PER MONTH

MONTH’S SUPPLY

0.00

N/A

$2,000,000-$2,999,999 INVENTORY

0

AVG SALES PER MONTH

0.00

$3,000,000 AND UP

MONTH’S SUPPLY

N/A

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

LEBANON TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

21

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 41

19 10.5%

$10,440,600 $8,430,800 23.8%

YTD 2020

% CHANGE

38 7.9%

$19,035,400 $15,673,433 21.5%

MEDIAN SALE PRICE

$480,000

$385,000 24.7%

$412,000

$405,000

1.7%

AVERAGE SALE PRICE

$497,171 $443,726 12%

$464,278

$412,458

12.6%

53

80

-33.8%

AVERAGE DAYS ON MARKET

60

% SALES PRICE TO LIST PRICE

52 15.4%

101%

97.5% 3.5%

100.3%

96% 4.4%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

41 37

YTD

2020

$2,000,000-$2,999,999

0 1

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

100%

10.8%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 6.83 2.93

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

$2,000,000-$2,999,999 INVENTORY

0

AVG SALES PER MONTH

0.00

$3,000,000 AND UP

MONTH’S SUPPLY

N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

LONG HILL TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

47

% CHANGE

YTD 2020

% CHANGE

68

40

70%

YTD 2021

15 213.3%

$30,860,048

$9,164,000

236.8%

$44,225,552

$21,319,000

107.4%

MEDIAN SALE PRICE

$620,000

$649,000

-4.5%

$615,000

$482,500

27.5%

AVERAGE SALE PRICE

$656,596

$610,933

7.5%

$650,375

$532,975

22%

30

100

-70%

32

91

-64.8%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.6%

97.3% 4.4%

101.1%

97% 4.2%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

63 39

YTD

2020

5 1

61.5%

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

400%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

18 10.50 1.71

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.83 3.60

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

MADISON SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

64

33

93.9%

$67,600,232

$28,585,000

136.5%

$936,750

$779,000

20.3%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2021 98

% SALES PRICE TO LIST PRICE

% CHANGE

72

36.1%

$101,786,152 $59,189,400

$1,056,253 $866,212 21.9%

AVERAGE DAYS ON MARKET

YTD 2020

$942,500

$712,000

72% 32.4%

$1,038,634 $822,075 26.3%

29

53

-45.3%

33

64

-48.4%

100%

97.9%

2.2%

99.4%

96.9%

2.6%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

40 11

YTD

2021

YTD

2020

4 2

263.6%

8.5%

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

54 59

YTD

2020

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

100%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 9.00 1.89

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 6.67 0.90

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 1.33 0.75

INVENTORY

AVG SALES PER MONTH

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

MAPLEWOOD SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

110

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021

YTD 2020

184

72 52.8%

% CHANGE

136 35.3%

$139,827,968 $80,780,320 73.1%

$87,343,616

$44,176,300

97.7%

MEDIAN SALE PRICE

$784,913

$613,500

27.9%

$750,000

$545,000

37.6%

AVERAGE SALE PRICE

$794,032

$613,559

29.4%

$759,934

$593,972

27.9%

15

28

-46.4%

23

35

-34.3%

101.2% 10.3%

109.9%

101.6%

8.2%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

111.6%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

33 7

YTD

2021

YTD

2020

1 0

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

150 129

YTD

2020

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

371.4%

16.3%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

45 25.00 1.80

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 5.50 0.36

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.17 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

MENDHAM BORO SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

28

% CHANGE

YTD 2021

YTD 2020

53

21 33.3%

% CHANGE

31 71%

$23,333,812 $12,993,200 79.6%

$38,692,700 $18,257,200 111.9%

MEDIAN SALE PRICE

$661,300 $655,000 1%

$592,000 $575,000 3%

AVERAGE SALE PRICE

$833,350

$618,723 34.7%

$730,050 $588,941 24%

AVERAGE DAYS ON MARKET

48

55 -12.7%

% SALES PRICE TO LIST PRICE

99.4%

TOTAL DOLLAR VOLUME

95.7% 3.9%

51

87 -41.4%

99.1%

96.1% 3.2%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

6 0

YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

1 0

ç

ç

ç

46 31

YTD

2020

$2,000,000-$2,999,999

48.4%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 7.67 0.91

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 1.00 6.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

2 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.17 0.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

MENDHAM TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

55

31

77.4%

$66,668,176

$25,628,400

160.1%

HOMES SOLD TOTAL DOLLAR VOLUME

YTD 2020

% CHANGE

82

54

51.9%

$94,434,376

$40,552,548

132.9%

YTD 2021

MEDIAN SALE PRICE

$1,164,000 $770,000 51.2%

$1,050,000 $652,500 60.9%

AVERAGE SALE PRICE

$1,212,148 $826,722 46.6%

$1,151,638 $750,973 53.4%

AVERAGE DAYS ON MARKET

79

% SALES PRICE TO LIST PRICE

77

98.3%

96%

2.6%

71

77

-7.8%

2.4%

98.1%

95.5%

2.8%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2020

1 0

% CHANGE

YTD

2021

YTD

2020

% CHANGE

3 0

ç

37 12

YTD

2021

$3,000,000 AND UP

ç

ç

ç

41 42

YTD

2020

$2,000,000-$2,999,999

208.3%

2.4%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 6.83 2.49

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 6.17 2.11

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

5 0.17 30.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.50 6.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

MILLBURN SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

124

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 197

75 65.3%

$198,012,288 $98,174,088 101.7%

YTD 2020

% CHANGE

128 53.9%

$298,781,184 $165,377,056

80.7%

MEDIAN SALE PRICE

$1,417,500 $1,200,000 18.1%

$1,310,000 $1,176,250 11.4%

AVERAGE SALE PRICE

$1,596,873 $1,308,987

$1,516,655 $1,292,008 17.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

22%

31

50

-38%

37

63

-41.3%

101.1%

97.2%

3.9%

100.3%

97.3%

3.1%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

YTD

2020

36 19

82.7%

5.4%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

ç

95 52

YTD

2021

$3,000,000 AND UP

ç

ç

ç

59 56

YTD

2020

$2,000,000-$2,999,999

7 1

600%

89.5%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 9.83 1.53

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

24 15.83 1.52

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

7 6.00 1.17

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

16 1.17 13.71

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

MORRIS PLAINS SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

26

19

36.8%

$14,550,170

$9,474,400

MEDIAN SALE PRICE

$566,250

AVERAGE SALE PRICE

YTD 2020

% CHANGE

49

36

36.1%

53.6%

$26,197,568

$17,673,068

48.2%

$481,900

17.5%

$540,000

$484,284

11.5%

$559,621

$498,652

12.2%

$534,644

$490,918

8.9%

17

51

-66.7%

28

52

-46.2%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.7%

YTD 2021

99% 3.8%

102.2%

98% 4.3%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

ç

49 36

$2,000,000-$2,999,999

% CHANGE

YTD

2020

YTD

2021

NC

0 0

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

36.1%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 8.17 2.33

INVENTORY

0

AVG SALES PER MONTH

MONTH’S SUPPLY

0.00

N/A

$2,000,000-$2,999,999 INVENTORY

0

AVG SALES PER MONTH

0.00

$3,000,000 AND UP

MONTH’S SUPPLY

N/A

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

MORRIS TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

110

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 195

64 71.9%

% CHANGE

YTD 2020

129 51.2%

$137,110,544 $81,149,872

69%

$78,401,224

$41,288,528

89.9%

MEDIAN SALE PRICE

$672,500

$607,500

10.7%

$650,000

$600,000

8.3%

AVERAGE SALE PRICE

$712,738

$645,133

10.5%

$703,131

$629,068

11.8%

25

46

-45.7%

34

51

-33.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.1%

98.1% 4.1%

100.9%

97.8% 3.1%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

176 121

YTD

2020

19 8

45.5%

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

137.5%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

45 29.33 1.53

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 3.17 2.21

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

1 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

MORRISTOWN SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

53

28

89.3%

$31,953,000

$12,501,520

155.6%

$57,889,400

$28,973,820

99.8%

MEDIAN SALE PRICE

$515,000

$417,500

23.4%

$539,000

$435,000

23.9%

AVERAGE SALE PRICE

$602,886

$446,482

35%

$573,162

$474,980

20.7%

32

27

18.5%

42

41

1.8%

100.3% 98.3% 2%

99.8%

97.5%

2.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

YTD 2020

101

% CHANGE

61 65.6%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

8 2

ç

ç

93 59

YTD

2020

$3,000,000 AND UP

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

300%

57.6%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

29 15.50 1.87

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 1.33 3.75

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Source: GSMLS 7/9/21 & Trendgraphix

MOUNTAIN LAKES SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

36

16

125%

$34,955,640

$16,994,500

105.7%

MEDIAN SALE PRICE

$865,450

$925,000

-6.4%

$838,039

AVERAGE SALE PRICE

$970,990

$1,062,156

-8.6%

$922,454 $850,766 8.4%

43

71

-39.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.4%

YTD 2021

% CHANGE

YTD 2020

52

31 67.7%

$47,967,640 $26,373,750 81.9%

94% 6.8%

$682,000 22.9%

44

87 -49.4%

99.9%

95% 5.2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2021

% CHANGE

66.7%

YTD

2021

YTD

2020

0 1

100%

% CHANGE

YTD

2021

ç

12 6

ç

ç

40 24

YTD

2020

$3,000,000 AND UP

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

100%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 6.67 0.75

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 2.00 2.50

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

2 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2021 Turpin Realtors

Source: GSMLS 7/9/21 & Trendgraphix

NEW PROVIDENCE SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

26

134.6%

$45,488,000

$16,991,000

MEDIAN SALE PRICE

$735,000

AVERAGE SALE PRICE

HOMES SOLD

YTD 2020

% CHANGE

95

52

82.7%

167.7%

$67,299,696

$35,016,000

92.2%

$660,000

11.4%

$674,000

$647,500

4.1%

$745,704

$653,500

14.1%

$708,417

$673,384

5.2%

20

39

-48.7%

26

52

-50%

61

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

103.6%

98.3% 5.4%

YTD 2021

102.2%

97.7% 4.6%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

88 49

YTD

2020

7 3

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

133.3%

79.6%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

28 14.67 1.91

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 1.17 2.57

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

PEAPACK-GLADSTONE SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

6

83.3%

$3,520,000

YTD 2020

% CHANGE

27

13

107.7%

275.9%

$28,387,624

$10,575,999

168.4%

MEDIAN SALE PRICE

$1,050,000 $582,500 80.3%

$730,000

$660,000

10.6%

AVERAGE SALE PRICE

$1,202,772 $586,666 105%

HOMES SOLD

11

TOTAL DOLLAR VOLUME

$13,230,500

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

$1,051,393 $813,538 29.2%

35

86

-59.3%

63

92

-31.5%

93.4%

95.3%

-2%

95%

91.5%

3.8%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

$1,000,000-$1,999,999

% CHANGE

YTD

2021

% CHANGE

YTD

2020

0 1

700%

54.5%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

2 0

ç

8 1

YTD

2021

$3,000,000 AND UP

ç

ç

ç

17 11

YTD

2020

$2,000,000-$2,999,999

100%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 2.83 3.18

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 1.33 1.50

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

1 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.33 0.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

RANDOLPH TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

90

50

80%

$57,562,916

$27,914,800

106.2%

$91,868,408

$54,298,264

69.2%

MEDIAN SALE PRICE

$639,500

$562,500

13.7%

$604,750

$480,000

26%

AVERAGE SALE PRICE

$639,587

$558,296

14.6%

$620,732

$498,149

24.6%

38

49

-22.4%

38

58

-34.3%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.5%

98.1% 4.5%

YTD 2021

YTD 2020

148

% CHANGE

109 35.8%

101.7%

98% 3.7%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

142 108

YTD

2020

6 1

31.5%

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

500%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

38 23.67 1.61

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 1.00 2.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

READINGTON TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

81

48

68.8%

$43,719,100

$21,216,864

MEDIAN SALE PRICE

$536,500

AVERAGE SALE PRICE

YTD 2020

% CHANGE

142

108

31.5%

106.1%

$74,739,760

$47,299,556

58%

$382,500

40.3%

$505,000

$445,000

13.5%

$539,742

$442,018

22.1%

$526,336

$437,958

20.2%

35

47

-25.5%

47

65

-27.7%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.1%

98.8% 3.3%

YTD 2021

100.7%

99% 1.7%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

140 108

YTD

2020

2 0

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

29.6%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

38 23.33 1.63

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.33 9.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

SUMMIT SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

145

62

133.9%

$180,370,288

$63,991,800

181.9%

$255,924,240 $117,231,152 118.3%

MEDIAN SALE PRICE

$1,175,000 $881,250 33.3%

$1,075,000 $860,000 25%

AVERAGE SALE PRICE

$1,243,933 $1,032,125 20.5%

$1,190,345 $985,135 20.8%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

215

% CHANGE

119 80.7%

35

58

-39.7%

96.7% 5.2%

101%

96.5%

4.6%

35

101.8%

YTD 2020

-14.3%

30

% SALES PRICE TO LIST PRICE

YTD 2021

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2020

% CHANGE

YTD

2020

18 4

89.6%

53%

% CHANGE

YTD

2021

YTD

2020

% CHANGE

ç

91 48

YTD

2021

$3,000,000 AND UP

ç

ç

ç

101 66

YTD

2021

$2,000,000-$2,999,999

5 1

350%

400%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

24 16.83 1.43

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 15.17 0.79

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 3.00 1.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.83 4.80

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

TEWKSBURY TWP. SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

42

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 68

28 50%

$36,914,860 $17,768,600 107.8%

YTD 2020

% CHANGE

57 19.3%

$56,880,036 $34,075,208 66.9%

MEDIAN SALE PRICE

$750,000

$599,500 25.1%

$750,000

$575,000 30.4%

AVERAGE SALE PRICE

$878,925

$634,592 38.5%

$836,471

$597,810 39.9%

95

86 10.5%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

98.9%

96.5% 2.5%

86

95 -9.5%

98.4%

96.7% 1.7%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

55 54

YTD

2020

13 3

1.9%

$3,000,000 AND UP

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

333.3%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 9.17 1.85

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 2.17 6.00

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

4 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

WARREN SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

69

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 122

36 91.7%

$62,154,720 $27,777,880 123.8%

YTD 2020

% CHANGE

76 60.5%

$109,117,120 $57,113,716 91.1%

MEDIAN SALE PRICE

$870,000

$710,000 22.5%

$830,000

$722,500

14.9%

AVERAGE SALE PRICE

$900,793

$771,607 16.7%

$894,402

$751,496

19%

AVERAGE DAYS ON MARKET

45

86 -47.7%

52

74

-29.7%

% SALES PRICE TO LIST PRICE

99.9%

96.3% 3.7%

98.7%

96.2%

2.6%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

30 12

40.6%

YTD

2021

YTD

2020

2 0

% CHANGE

YTD

2021

ç

ç

ç

90 64

YTD

2020

$3,000,000 AND UP

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

150%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

27 15.00 1.80

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

23 5.00 4.60

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 0.33 6.00

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

WASHINGTON TWP. (MORRIS COUNTY) SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

72

71

1.4%

$39,333,432

$34,336,500

14.6%

$64,624,232

$56,017,408

15.4%

MEDIAN SALE PRICE

$555,000

$463,500

19.7%

$526,000

$456,500

15.2%

AVERAGE SALE PRICE

$546,297

$483,612

13%

$516,993

$470,734

9.8%

30

69

-56.5%

31

75

-58.7%

97.9% 5.9%

102.5%

97.2%

5.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

103.6%

YTD 2021

YTD 2020

125

% CHANGE

119 5%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

125 118

YTD

2020

0 1

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

100%

5.9%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

25 20.83 1.20

INVENTORY

AVG SALES PER MONTH

4 0.00

MONTH’S SUPPLY

∞

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.00 N/A

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

WATCHUNG SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021 HOMES SOLD

Q2 2020

27

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 59

15 80%

$24,817,000 $8,420,214 194.7%

YTD 2020

% CHANGE

28 110.7%

$50,458,920 $17,858,714 182.5%

MEDIAN SALE PRICE

$925,000

$530,000 74.5%

$770,000

$558,500 37.9%

AVERAGE SALE PRICE

$919,148

$561,347 63.7%

$855,235

$637,811 34.1%

46

52 -11.5%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

98.1% 98.1% 0%

57

61 -6.6%

97.6%

95.9% 1.7%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

ç

ç

43 26

YTD

2020

16 2

$2,000,000-$2,999,999 YTD

2021

YTD

2020

0 0

$3,000,000 AND UP

% CHANGE

YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

700%

65.4%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 7.17 1.40

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 2.67 3.38

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

2 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

WESTFIELD SECOND QUARTER MARKET REPORT 2021

Overview Q2 2021

Q2 2020

% CHANGE

149

109

36.7%

$144,268,992

$93,902,760

53.6%

MEDIAN SALE PRICE

$901,000

$829,900

8.6%

$880,000

$770,000

14.3%

AVERAGE SALE PRICE

$968,248

$861,493

12.4%

$955,622

$834,495

14.5%

28

50

-44%

36

59

-39%

3.8%

100.6%

97.9%

2.8%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.7%

98%

YTD 2021

% CHANGE

YTD 2020

256

197 29.9%

$244,639,376 $164,395,664

48.8%

Sales by Price $1,000,000-$1,999,999

$0-$999,999 YTD

2021

YTD

2020

% CHANGE

YTD

2021

% CHANGE

79 51

YTD

2021

YTD

2020

6 0

$3,000,000 AND UP

% CHANGE

YTD

2021

ç

ç

ç

171 146

YTD

2020

$2,000,000-$2,999,999

YTD

2020

% CHANGE

0 0

NC

54.9%

17.1%

Supply and Demand (as of June 30, 2021) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

49 28.50 1.72

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 13.17 1.06

$2,000,000-$2,999,999 INVENTORY

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

6 1.00 6.00

INVENTORY

1

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 7/9/21 & Trendgraphix

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