Q3 Market Report 2020 I Turpin Realtors.

NORTH CENTRAL NEW JERSEY

MARKET REPORT THIRD QUARTER 2020

THIRD QUARTER MARKET REPORT 2020

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 10/8/20. Special Edition data is as reported to GSMLS on 7/5/20. Source: TrendGraphix.

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.

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: Trendgraphix

CONTENTS SEPTEMBER 2020 – SPECIAL EDITION Hunterdon County | Morris County | Somersert County | Essex and Union Counties (partial)

THIRD QUARTER 2020 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 Morris Twp. Morristown Mountain Lakes New Providence

Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield

Cover image: 43 & 42 Joliet St, Tewksbury Twp. Pictured above, clockwise from top left: 19 Hollow Brook Rd, Tewksbury Twp; 67 Roxiticus Rd, Mendham Twp; 158 Green Ave, Madison Boro

COMMENTARY THIRD QUARTER MARKET REPORT 2020 In spite of the challenges that 2020 has delivered, I am pleased to report that the North Central New Jersey real estate market is very strong. With nine months behind us, this year appears to be one of the strongest on record for our region. According to Jeffrey Otteau of the Otteau Valuation Group, New Jersey is on track to sell more homes in 2020 than during any other year in its history.

To be sure, the out-migration from urban areas is a major factor behind the energy, but it is not the only factor. Prior to the pandemic, younger families were already looking for more space west of the city; the global health crisis simply accelerated this trend. There is now a larger market shift afoot, with homeowners in eastern suburbs capitalizing on the increased buyer demand and generally shifting west themselves.

This east-to-west movement that defined our market for generations stalled over the last decade, but now appears to have resumed.

County Level Overview In our Essex/Union composite and in Somerset County, month-to-month declines in contracts are not surprising after the spike that began in April; nevertheless both exceeded 2019 performance markedly in September with sales increasing 48% and 78% respectively. After a brief dip at the end of summer, sales in Morris and Hunterdon Counties were increasing again in September as inventory continued to shrink. These charts do a good job of illustrating the brisk pace of our current market, and suggest that our next challenge may well be a lack of inventory.

Towns Show Strength in Higher Price Ranges At the municipal level, the most striking improvements occurred in the $1-2 million market segment, where triple-digit increases in year-to-date sales occurred in Harding Twp. (+200%), Bernardsville (+189%) and Chester Twp. (+114%). This is welcome news, considering the struggles in this price range over the last decade, particularly in more rural areas.

Sales under $1 million have also been on the rise, especially in towns like Mendham Twp. (+60%) and Harding (+59%). In Hunterdon County the Town of Clinton (+54%), Lebanon Twp. (+36%) and Tewksbury (+35%) all surged, reinforcing the notion that buyers are indeed looking west toward more open spaces.

To the east, both Chatham Borough and Township are still slightly behind 2019 in the number of homes sold, but appear likely to catch up by the end of the year. Each posted strong third-quarter results, up 35% and 81% respectively over the same period last year. Madison, which has been a steady performer all year, posted a 24% increase in sales year-to-date, in spite of extremely limited inventory, especially under $1 million.

Most towns that did not post gains were lagging by only a small percentage. As the strong market has continued right into the fall, we would not be surprised if they outperformed their 2019 numbers by the year’s end.

At Turpin Realtors, we are always available to answer any question you may have about your particular real estate situation. Regardless of whether or not you plan a move, I encourage you to reach out to one of our fine agents for insights into the market. In 2020, we celebrate our firm’s 60th year in business and we have never been more proud to represent the people, properties and lifestyle that comprise these special communities we call home.

John Turpin, President

www.TurpinRealtors.com/Reports © 2020 Turpin Realtors

Source: GSMLS and TrendGraphix

SOMERSET COUNTY SEPTEMBER 2020 SPECIAL EDITION SEPT. 2020

SEPT. 2019 % CHANGE

HOMES FOR SALE

941

NEW LISTINGS

602 554 9%

CONTRACTS PENDED

553 313 77%

HOMES SOLD

465 352 32%

MEDIAN SOLD PRICE

1423

-34%

$421,000 $399,000

6%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

100%

Change from Last Year

50%

0%

-50%

Se p

tem

be

r

t us Au g

ly Ju

ne Ju

y Ma

l Ap ri

rch Ma

ry rua Fe b

Ja

nu

ary

-100%

Median Sold Price (past 3 years) $500,000

Median Sold Price

$400,000

$300,000

$200,000

$100,000

9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20 9/ 20

$0

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 9/9/20

MORRIS COUNTY SEPTEMBER 2020 SPECIAL EDITION SEPT. 2020

SEPT. 2019 % CHANGE

1453 2398 -39%

HOMES FOR SALE NEW LISTINGS

974

922

6%

CONTRACTS PENDED

833

545

53%

HOMES SOLD

742

510

45%

$473,000

$460,000

3%

MEDIAN SOLD PRICE

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

75.00%

Change from Last Year

50.00% 25.00% 0.00% -25.00% -50.00%

.

Se p

.

Au g

l.

Ju

n.

Ju

y Ma

Ap r.

Ma

r.

.

Fe b

Ja

n.

-75.00%

Median Sold Price (past 3 years) $500,000

Median Sold Price

$400,000

$300,000

$200,000

$100,000

9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20 9/ 20

$0

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 9/9/20

HUNTERDON COUNTY SEPTEMBER 2020 SPECIAL EDITION SEPT. 2020

SEPT. 2019 % CHANGE

HOMES FOR SALE

538

NEW LISTINGS

307 287 7%

CONTRACTS PENDED

255 150 70%

HOMES SOLD

241 150 61%

MEDIAN SOLD PRICE

919

-41%

$440,000 $369,000

19%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

100.00%

Change from Last Year

50.00%

0.00%

-50.00%

.

Se p

.

Au g

l.

Ju

n.

Ju

y Ma

Ap r.

r.

Ma

.

Fe b

Ja

n.

-100.00%

Median Sold Price (past 3 years) $500,000

Median Sold Price

$400,000

$300,000

$200,000

$100,000

9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20 9/ 20

$0

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 9/9/20

ESSEX AND UNION COUNTY MUNICIPALITIES* SEPTEMBER 2020 SPECIAL EDITION SEPT. 2020

SEPT. 2019 % CHANGE

HOMES FOR SALE

848

NEW LISTINGS

580 344 69%

CONTRACTS PENDED

449 304 48%

HOMES SOLD

533 472 13%

MEDIAN SOLD PRICE

1186

$697,000

-28%

$556,000

25%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

100.00%

Change from Last Year

50.00%

0.00%

-50.00%

.

Se p

.

Au g

l.

Ju

n.

Ju

y Ma

Ap r.

r.

Ma

.

Fe b

Ja

n.

-100.00%

Median Sold Price (past 3 years) $800,000

Median Sold Price

$600,000

$400,000

$200,000

/1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20 9/ 20

11

9/ 17

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 9/9/20

BEDMINSTER THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

50

% CHANGE

YTD 2020

YTD 2019

129

68 -26.5%

% CHANGE

176 -26.7%

$23,505,000 $32,989,550 -28.8%

$54,570,800

$84,234,792

-35.2%

MEDIAN SALE PRICE

$399,000 $332,500 20%

$360,000

$339,000

6.2%

AVERAGE SALE PRICE

$470,100

$485,140 -3.1%

$423,029

$478,606

-11.6%

67

50 34.0%

57

62

-8.1%

92.1% 4.0%

96.7%

93.8%

3.2%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

95.8%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

0 1

40%

24.1%

% CHANGE

YTD

2020

YTD

2019

% CHANGE

ç

3 5

YTD

2019

$3,000,000 AND UP

ç

ç

ç

126 166

YTD

2019

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

0 4

100%

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

48 14.00 3.43

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.33 12.00

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

AVG SALES PER MONTH

7 0.00

$3,000,000 AND UP

MONTH’S SUPPLY

∞

INVENTORY

AVG SALES PER MONTH

5 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

BERKELEY HEIGHTS THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

75

% CHANGE

YTD 2020

YTD 2019

140

51 47.1%

% CHANGE

140 0%

$52,140,648 $34,079,100 53.0%

$89,625,400

$85,779,776

4.5%

MEDIAN SALE PRICE

$685,000 $625,000 9.6%

$610,000

$582,500

4.7%

AVERAGE SALE PRICE

$695,208 $668,217 4.0%

$640,181

$612,712

4.5%

61 -4.9%

64

59

8.5%

97.1% 1.8%

98.5%

97.5%

1.0%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

58

% SALES PRICE TO LIST PRICE

98.9%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

133 134

YTD

2019

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

7 6

0.7%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

16.7%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

31 14.78 2.10

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 0.78 12.86

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

BERNARDS TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

155

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 314

141 9.9%

$106,033,696 $91,873,960 15.4%

YTD 2019

% CHANGE

338 -7.1%

$205,412,288 $208,482,736

-1.5%

MEDIAN SALE PRICE

$645,000

$595,000

8.4%

$630,000

$580,000

8.6%

AVERAGE SALE PRICE

$684,088

$651,588

5.0%

$654,179

$616,812

6.1%

45

61

-26.2%

60

61

-1.6%

98.3%

96.7%

1.7%

97.4%

96.7%

0.7%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

33 38

YTD

2019

2 0

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

279 300

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

13.2%

7.0%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

71 31.00 2.29

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

24 3.67 6.55

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 0.22 13.50

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

BERNARDSVILLE THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

56

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 109

33 69.7%

$53,412,640 $26,971,500 98.0%

YTD 2019

% CHANGE

78 39.7%

$93,263,528

$59,514,000

56.7%

MEDIAN SALE PRICE

$728,500

$605,000 20.4%

$650,000

$617,000

5.3%

AVERAGE SALE PRICE

$953,797

$817,318 16.7%

$855,628

$763,000

12.1%

75

68 10.3%

84

68

23.5%

93.4% 1.4%

94.0%

93.9%

0.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

94.6%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2019

% CHANGE

YTD

2020

26 9

20%

YTD

2019

3 3

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

% CHANGE

2 1

0%

188.9%

YTD

2019

ç

ç

ç

78 65

YTD

2020

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

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

36 8.67 4.15

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

31 2.89 10.73

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.33 3.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 0.22 36.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

BOONTON TOWN THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

% CHANGE

34

-17.6%

28

TOTAL DOLLAR VOLUME

$10,803,400 $13,861,196 -22.1%

YTD 2020

YTD 2019

64

% CHANGE

73 -12.3%

$26,724,924 $28,792,372 -7.2%

MEDIAN SALE PRICE

$361,500

$388,500

-6.9%

$402,000 $375,000 7.2%

AVERAGE SALE PRICE

$385,835

$407,682

-5.4%

$417,576 $394,416 5.9%

51

30

70%

99.4%

98.3%

1.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

58

46 26.1%

98.5%

99.1% -0.6%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

ç

64 73

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

12.3%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 7.11 2.39

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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

BOONTON TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

% CHANGE

8

162.5%

21

TOTAL DOLLAR VOLUME

$10,791,901 $4,538,500 137.8%

YTD 2020

YTD 2019

46

% CHANGE

37 24.3%

$21,257,300 $20,670,874 2.8%

MEDIAN SALE PRICE

$505,000

$535,000

-5.6%

$485,000

$550,000 -11.8%

AVERAGE SALE PRICE

$513,900

$567,312

-9.4%

$462,115

$558,672 -17.3%

43

39

10.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.1%

97.8% 3.4%

69

59 16.9%

98.5%

97.2% 1.4%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

46 36

YTD

2019

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

0 1

27.8%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

26 5.11 5.09

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

∞

6 0.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

∞

1 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

BRIDGEWATER TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

% CHANGE

176

19.3%

210

TOTAL DOLLAR VOLUME

$103,681,456 $87,374,104 18.7%

YTD 2020 413

YTD 2019

% CHANGE

436

-5.3%

$202,851,776 $211,882,240

-4.3%

MEDIAN SALE PRICE

$472,750

$460,000

2.8%

$475,000

$450,000

5.6%

AVERAGE SALE PRICE

$493,721

$496,443

-0.5%

$491,166

$485,968

1.1%

43

45

-4.4%

49

52

-5.8%

98.7%

98.4%

0.3%

98.8%

97.9%

0.9%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

408 424

YTD

2019

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

5 12

3.8%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

58.3%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

90 45.33 1.99

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 0.56 14.40

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

CALIFON THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

5

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 16

5 0%

$1,727,900 $1,569,034 10.1%

YTD 2019

$5,251,520

% CHANGE

8 100% $2,602,034 101.8%

MEDIAN SALE PRICE

$350,000

$359,900 -2.8%

$345,000

AVERAGE SALE PRICE

$345,580

$313,806 10.1%

$328,220 $325,254 0.9%

AVERAGE DAYS ON MARKET

42

67 -37.3%

% SALES PRICE TO LIST PRICE

100.4%

96.7% 3.8%

$352,450 -2.1%

68

89 -23.6%

98.7%

97.2% 1.5%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

ç

16 8

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 1.78 1.69

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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

CHATHAM BORO THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

58

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 93

43 34.9%

$54,804,924 $41,703,500 31.4%

YTD 2019

% CHANGE

96 -3.1%

$83,607,472 $86,542,544 -3.4%

MEDIAN SALE PRICE

$830,638

$954,500 -13.0%

$796,000

$801,000 -0.6%

AVERAGE SALE PRICE

$944,912

$969,848 -2.6%

$899,005

$901,484 -0.3%

48 -12.5%

47

50 -6.0%

AVERAGE DAYS ON MARKET

42

% SALES PRICE TO LIST PRICE

98.5%

97.6% 0.9%

98.1%

97.7% 0.5%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

28 29

YTD

2019

0 1

% CHANGE

YTD

2020

YTD

2019

% CHANGE

0 0

NC

100%

3.4%

1.5%

$3,000,000 AND UP

ç

ç

ç

65 66

YTD

2019

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

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 7.22 2.35

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

23 3.11 7.39

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

∞

3 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

CHATHAM TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

76

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2019

139

42 81.0%

$79,903,120 $49,573,600 61.2%

% CHANGE

138 0.7%

$150,889,248 $150,897,088

0%

$975,000 $1,106,250 -11.9%

$975,000

$957,000

1.9%

$1,051,356 $1,180,323 -10.9%

$1,085,534

$1,093,457

-0.7%

57 10.5%

58

58

0%

95.3% 1.8%

97.2%

96.6%

0.7%

MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2020

AVERAGE DAYS ON MARKET

63

% SALES PRICE TO LIST PRICE

97.0%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

44 51

9.9%

YTD

2019

16 16

13.7%

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

1 0

ç

ç

ç

78 71

YTD

2019

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

0%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 8.67 2.19

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

28 4.89 5.73

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

8 1.78 4.50

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.11 9.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

CHESTER BORO THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

10

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020

YTD 2019

18

4 150%

% CHANGE

18 0%

$9,619,009 $10,436,400 -7.8%

$5,987,009

$2,395,000

150%

MEDIAN SALE PRICE

$566,750

$653,000

-13.2%

$517,500

$547,500 -5.5%

AVERAGE SALE PRICE

$598,700

$598,750

0%

$534,389

$579,800 -7.8%

76 39.5%

94

81 16.0%

AVERAGE DAYS ON MARKET

106

% SALES PRICE TO LIST PRICE

97.5%

99.8%

-2.4%

97.7%

97.4% 0.3%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

18 18

YTD

2020

NC

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

0%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 2.00 4.00

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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

CHESTER TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

64

% CHANGE

YTD 2020

YTD 2019

112

39 64.1%

% CHANGE

90 24.4%

$49,135,548 $27,020,404 81.8%

$79,823,912

$61,978,704

28.8%

MEDIAN SALE PRICE

$743,250 $688,000 8.0%

$699,950

$676,250

3.5%

AVERAGE SALE PRICE

$767,742

$692,830 10.8%

$712,713

$688,652

3.5%

68

64 6.3%

78

70

11.4%

98.1%

97.3% 0.8%

97.7%

96.5%

1.3%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

97 83

YTD

2019

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

15 7

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

114.3%

16.9%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

46 10.78 4.27

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 1.67 4.80

$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

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

CLINTON TOWN THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

23

% CHANGE

YTD 2020

YTD 2019

43

16 43.8%

% CHANGE

28 53.6%

$8,937,575

$5,754,500

55.3%

$15,743,575 $9,636,500 63.4%

MEDIAN SALE PRICE

$362,700

$348,000

4.2%

$350,000 $349,000 0.3%

AVERAGE SALE PRICE

$388,590

$359,656

8.0%

$366,129 $344,160 6.4%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

66

% SALES PRICE TO LIST PRICE

97.7%

61

50 32.0% 97.2% 0.5%

67 -9.0%

97.9%

97.6% 0.3%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

43 28

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

53.6%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 4.78 1.47

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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

CLINTON TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

68

% CHANGE

YTD 2020 166

63 7.9%

% CHANGE

YTD 2019

143 16.1%

$33,017,050 $29,827,660 10.7%

$75,399,024

$62,517,796

20.6%

MEDIAN SALE PRICE

$467,450 $457,500 2.2%

$436,250

$432,500

0.9%

AVERAGE SALE PRICE

$485,544 $473,454 2.6%

$454,211

$437,187

3.9%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

58 -6.9%

61

56 8.9%

97.4% 1.9%

98.2%

97.3% 0.9%

54

% SALES PRICE TO LIST PRICE

99.2%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

166 143

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

% CHANGE

YTD

2019

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

16.1%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

38 18.44 2.06

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

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

FAR HILLS THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020

Q3 2019

% CHANGE

5

4

25.0%

$4,810,000

$8,858,499

-45.7%

MEDIAN SALE PRICE

$625,000

$2,200,000

-71.6%

$675,000

$732,500

-7.8%

AVERAGE SALE PRICE

$962,000

$2,214,624

-56.6%

$853,000

$1,114,637

-23.5%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

141

% SALES PRICE TO LIST PRICE

94.9%

YTD 2020 12

% CHANGE

14 -14.3%

$10,236,000 $15,604,926 -34.4%

128

42 235.7% 95.1%

YTD 2019

-0.2%

105 21.9%

93.0%

94.1% -1.3%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2019

% CHANGE

YTD

2020

10%

0 1

50%

% CHANGE

YTD

2020

YTD

2019

0 1

100%

% CHANGE

ç

3 2

YTD

2019

$3,000,000 AND UP

ç

ç

ç

9 10

YTD

2020

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

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 1.00 9.00

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 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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

FLORHAM PARK THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020

Q3 2019

% CHANGE

41

29

41.4%

$29,700,070

$24,409,500

21.7%

$54,784,201 $69,946,224 -21.7%

MEDIAN SALE PRICE

$640,000

$687,500

-6.9%

$652,000 $625,000 4.3%

AVERAGE SALE PRICE

$724,391

$841,706

-13.9%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

59

% SALES PRICE TO LIST PRICE

98.9%

YTD 2020

YTD 2019

77

97.7% 1.3%

91 -15.4%

$711,483

$768,639 -7.4%

55

44 34.1%

% CHANGE

64 -14.1%

98.3%

97.1% 1.2%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

YTD

2019

% CHANGE

YTD

2020

11 17

9.6%

YTD

2019

0 1

35.3%

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

66 73

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

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

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

29 7.33 3.95

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 1.22 9.00

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

HARDING TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD TOTAL DOLLAR VOLUME

Q3 2019

24

7 242.9%

$31,243,630

$9,537,500 227.6%

$965,000

MEDIAN SALE PRICE AVERAGE SALE PRICE

% CHANGE

$845,000

YTD 2020 56

66

% SALES PRICE TO LIST PRICE

94.4%

% CHANGE

29 93.1%

$70,918,320 $37,214,500 90.6%

14.2%

$1,301,817 $1,362,500 -4.5%

AVERAGE DAYS ON MARKET

YTD 2019

$1,117,500

$1,266,398 $1,283,258 -1.3% 85

125 -47.2% 90.9% 3.9%

$900,000 24.2%

94.3%

145

-41.4%

90.8%

3.9%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

YTD

2020

7 3

200%

58.8%

% CHANGE

YTD

2020

YTD

2019

% CHANGE

1 2

ç

21 7

YTD

2019

ç

ç

ç

27 17

YTD

2019

$3,000,000 AND UP

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

50%

133.3%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 3.00 2.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 2.33 6.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

7 0.78 9.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 0.11 81.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

LEBANON BORO THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

2

% CHANGE

YTD 2020 8

11 -81.8%

% CHANGE

YTD 2019

23 -65.2%

TOTAL DOLLAR VOLUME

$575,000 $2,567,500 -77.6%

$2,298,000 $5,713,400 -59.8%

MEDIAN SALE PRICE

$287,500 $267,500 7.5%

$293,000 $267,500 9.5%

AVERAGE SALE PRICE

$287,500

$233,409 23.2%

$287,250

$248,408 15.6%

74

42 76.2%

68

56 21.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

97.6%

99.0% -1.4%

97.8%

99.0% -1.1%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

8 23

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

% CHANGE

YTD

2019

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

65.2%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 0.89 5.63

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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

LEBANON TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

23

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 61

12 91.7%

$8,389,189 $3,645,213 130.1%

YTD 2019

% CHANGE

44 38.6%

$24,125,622 $14,538,686 65.9%

MEDIAN SALE PRICE

$370,000

$285,982 29.4%

$385,000

$320,000 20.3%

AVERAGE SALE PRICE

$364,747

$303,767 20.1%

$395,502

$330,424 19.7%

87

53 64.2%

83

65 27.7%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

98.0%

96.9% 1.1%

97.0%

97.8% -0.8%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

60 44

YTD

2019

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

1 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

36.4%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 6.67 2.85

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.11 9.00

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

LONG HILL TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

51

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 91

39 30.8%

$30,316,520 $21,001,430 44.4%

YTD 2019

% CHANGE

83 9.6%

$51,635,516 $43,010,832 20.1%

MEDIAN SALE PRICE

$556,500

$470,000

18.4%

$510,000 $470,000 8.5%

AVERAGE SALE PRICE

$594,441

$538,498

10.4%

$567,423 $518,202 9.5%

62

60

3.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

97.4%

97.0% 0.3%

75

59 27.1%

97.2%

96.5% 0.7%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

89 81

YTD

2019

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

% CHANGE

YTD

2020

NC

2 2

9.9%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

0%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

29 9.89 2.93

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.22 4.50

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

MADISON THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

69

TOTAL DOLLAR VOLUME

% CHANGE

MEDIAN SALE PRICE

$725,000

AVERAGE SALE PRICE

$893,004 $885,113 0.9% 40

% SALES PRICE TO LIST PRICE

98.7%

YTD 2019

141

60 15.0%

$61,617,332 $53,106,804 16.0%

AVERAGE DAYS ON MARKET

YTD 2020

% CHANGE

114 23.7%

$120,806,736 $101,031,408

$770,875 -6.0%

$722,000 $775,875 -6.9% $856,785

$886,240 -3.3%

52

52 -23.1% 96.9% 1.9%

19.6%

60 -13.8%

97.8%

97.1% 0.7%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

3 0

% CHANGE

YTD

2020

YTD

2019

0 1

100%

14.3%

24.7%

% CHANGE

ç

32 28

YTD

2019

$3,000,000 AND UP

ç

ç

ç

106 85

YTD

2019

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

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 11.78 1.61

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

21 3.56 5.91

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 1.00 2.00

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

MAPLEWOOD THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

139

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 276

122 13.9%

YTD 2019

% CHANGE

309

-10.7%

$179,661,360 $186,520,320

-3.7%

$98,456,080

$75,535,520

30.3%

MEDIAN SALE PRICE

$740,000

$597,500

23.8%

$651,000

$584,000

11.5%

AVERAGE SALE PRICE

$708,317

$619,143

14.4%

$650,946

$603,625

7.8%

34 -38.2%

27

37

-27.0%

100.9% 5.1%

104.0%

101.1%

2.8%

AVERAGE DAYS ON MARKET

21

% SALES PRICE TO LIST PRICE

106.0%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

254 286

YTD

2019

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

22 23

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

4.3%

11.2%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

39 28.22 1.38

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 2.44 0.82

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

MENDHAM BORO THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

36

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 67

31 16.1%

$23,102,300 $20,463,500 12.9%

YTD 2019

% CHANGE

64 4.7%

$41,359,500 $42,873,600 -3.5%

MEDIAN SALE PRICE

$572,500

$585,000 -2.1%

$575,000 $599,500 -4.1%

AVERAGE SALE PRICE

$641,730

$660,112 -2.8%

$617,306

AVERAGE DAYS ON MARKET

45

% SALES PRICE TO LIST PRICE

96.5%

65

65 -30.8% 95.7% 0.9%

$669,900 -7.9% 74 -12.2%

96.3%

95.4% 0.9%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

64 59

YTD

2019

3 5

8.5%

$3,000,000 AND UP

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

2019

0 0

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

40%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

24 7.11 3.38

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

8 0.33 24.00

$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

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

MENDHAM TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

46

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 100

23 100%

$40,901,000 $19,898,458 105.5%

YTD 2019

% CHANGE

69 44.9%

$81,453,544

$62,276,108

30.8%

MEDIAN SALE PRICE

$872,500

$875,000 -0.3%

$759,500

$875,000

-13.2%

AVERAGE SALE PRICE

$889,152 $865,150 2.8%

$814,535

$902,552

-9.8%

63 -15.9%

66

66

0%

95.8% 1.9%

96.5%

95.5%

1.1%

AVERAGE DAYS ON MARKET

53

% SALES PRICE TO LIST PRICE

97.6%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

23 19

YTD

2019

0 2

21.1%

60.4%

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

77 48

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

32 8.56 3.74

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

24 2.56 9.39

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

AVG SALES PER MONTH

6 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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

MILLBURN THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

125

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 254

109 14.7%

$185,254,848 $150,250,768

YTD 2019

% CHANGE

242 5.0%

23.3%

$351,572,896 $313,021,824 12.3%

MEDIAN SALE PRICE

$1,375,000

$1,260,000

9.1%

$1,226,500 $1,137,125 7.9%

AVERAGE SALE PRICE

$1,482,038

$1,378,447

7.5%

$1,384,145 $1,293,478 7.0%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

42

60 -30%

52

56 -7.1%

98.2%

96.2% 2.1%

97.8%

96.1% 1.7%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

NC

110 110

YTD

2019

35 21

% CHANGE

YTD

2020

YTD

2019

% CHANGE

8 8

NC

66.7%

0%

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

$3,000,000 AND UP

0%

1.9%

$3,000,000 AND UP

ç

ç

101 103

YTD

2019

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

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

29 11.22 2.58

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

29 12.22 2.37

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

21 3.89 5.40

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 0.89 16.88

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

MORRIS PLAINS THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

% CHANGE

29

-24.1%

22

TOTAL DOLLAR VOLUME

$11,255,400 $13,855,800 -18.8%

MEDIAN SALE PRICE

$502,500

$510,000

-1.5%

AVERAGE SALE PRICE

$511,609

$477,786

7.1%

28

38

-26.3%

99.5%

99.4%

0.2%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2020

% CHANGE

YTD 2019

58

68 -14.7%

$28,928,468 $33,042,214 -12.4% $488,334

$512,500 -4.7%

$498,766 $485,914 2.6% 43

33 30.3%

98.6%

99.4%

-0.9%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

58 68

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

% CHANGE

YTD

2019

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

14.7%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 6.44 2.64

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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

MORRIS TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

130

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 259

106 22.6%

YTD 2019

% CHANGE

251

3.2%

$167,384,800 $159,546,672

4.9%

$86,234,920

$69,651,824

23.8%

MEDIAN SALE PRICE

$622,450

$610,000

2.0%

$610,000

$600,000

1.7%

AVERAGE SALE PRICE

$663,345

$657,092

1.0%

$646,273

$635,644

1.7%

41

54

-24.1%

46

54

-14.8%

99.1%

97.2%

2.0%

98.5%

97.2%

1.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

20 16

2.1%

YTD

2019

0 1

25.0%

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

239 234

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

59 26.56 2.22

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 2.22 6.75

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

AVG SALES PER MONTH

5 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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

MORRISTOWN THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

57

% CHANGE

YTD 2020

YTD 2019

118

52 9.6%

% CHANGE

119 -0.8%

$31,046,900 $27,147,050 14.4%

$60,020,720

$59,439,804

1.0%

MEDIAN SALE PRICE

$461,000 $494,500 -6.8%

$441,250

$460,000

-4.1%

AVERAGE SALE PRICE

$544,682 $522,058 4.3%

$508,650

$499,494

1.8%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

50

49 2.0%

45

46

-2.2%

97.9%

98.4% -0.5%

97.7%

97.8%

-0.1%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2019

0 1

33.3%

0.9%

% CHANGE

YTD

2020

ç

4 3

YTD

2020

ç

ç

114 115

YTD

2019

$3,000,000 AND UP

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

YTD

2019

% CHANGE

0 0

NC

100%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

46 12.67 3.63

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 0.44 15.75

$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

© 2020 Turpin Realtors

Source: GSMLS 10/8/20 & Trendgraphix

MOUNTAIN LAKES THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

37

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 68

25 48.0%

$30,440,760 $24,927,230 22.1%

% CHANGE

YTD 2019

60 13.3%

$56,814,512 $53,057,632 7.1%

MEDIAN SALE PRICE

$760,000

$960,000 -20.8%

$737,500

$831,250 -11.3%

AVERAGE SALE PRICE

$822,723

$997,089

-17.5%

$835,507

$884,293 -5.5%

80

50 60%

83

71 16.9%

95.9%

94.0% 2.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

95.5%

94.2% 1.3%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

14 17

26.2%

YTD

2020

ç

ç

53 42

YTD

2019

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

2019

1 1

17.6%

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

0%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 5.89 2.38

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 1.56 8.36

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 0.11 36.00

INVENTORY

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2020 Turpin Realtors

Source: GSMLS 10/8/20 & Trendgraphix

NEW PROVIDENCE THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

62

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 114

51 21.6%

$42,607,256 $30,980,184 37.5%

YTD 2019

% CHANGE

119 -4.2%

$77,623,256

$71,600,584

8.4%

MEDIAN SALE PRICE

$652,000

$570,000 14.4%

$649,500

$570,000

13.9%

AVERAGE SALE PRICE

$687,213

$607,454 13.1%

$680,905

$601,685

13.2%

50

37 35.1%

51

45

13.3%

98.3% 0.7%

98.4%

98.0%

0.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

99.0%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

106 113

YTD

2019

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

8 6

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

33.3%

6.2%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

30 11.78 2.55

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 0.89 5.63

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

PEAPACK-GLADSTONE THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

14

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 27

4 250%

$12,568,500 $3,217,500 290.6%

YTD 2019

% CHANGE

21 28.6%

$23,144,500 $14,831,000 56.1%

MEDIAN SALE PRICE

$711,250

$828,750

-14.2%

$680,000

$710,000 -4.2%

AVERAGE SALE PRICE

$897,750

$804,375

11.6%

$857,203

$706,238 21.4%

29

22

31.8%

60

80 -25.0%

98.4%

96.0%

2.4%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

95.1%

96.6% -1.5%

Sales by Price $0-$999,999 YTD

2020

YTD

2019

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

% CHANGE

YTD

2020

% CHANGE

YTD

2020

2 1

YTD

2019

2 0

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

23 20

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

100%

15.0%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 2.56 3.91

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 0.22 22.50

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.22 4.50

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

RANDOLPH TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

130

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 240

106 22.6%

YTD 2019

% CHANGE

243

-1.2%

$129,459,336 $127,326,312

1.7%

$74,631,056

$55,454,668

34.6%

MEDIAN SALE PRICE

$555,000

$525,000

5.7%

$532,500

$520,000

2.4%

AVERAGE SALE PRICE

$574,085

$523,157

9.7%

$539,413

$523,976

2.9%

47

49

-4.1%

52

50

4.0%

99.1%

98.1%

1.0%

98.6%

97.7%

1.0%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2019

% CHANGE

YTD

2020

NC

3 3

ç

237 240

YTD

2020

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

1.3%

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

0%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

56 26.33 2.13

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

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

READINGTON TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

79

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 187

73 8.2%

$41,259,876 $33,620,844 22.7%

YTD 2019

% CHANGE

178 5.1%

$88,559,440 $78,226,312 13.2%

MEDIAN SALE PRICE

$545,000

$489,900 11.2%

$475,000 $450,000 5.6%

AVERAGE SALE PRICE

$522,276

$460,559 13.4%

$473,579 $439,473 7.8%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

60

55 9.1%

98.9%

97.6% 1.4%

63

65 -3.1%

99.0%

97.4% 1.6%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

ç

187 178

YTD

2019

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

% CHANGE

YTD

2020

NC

0 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

5.1%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

74 20.78 3.56

INVENTORY

AVG SALES PER MONTH

4 0.00

MONTH’S SUPPLY

∞

$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

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

SUMMIT THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020

Q3 2019

% CHANGE

145

77

88.3%

$177,680,416

$84,829,264

YTD 2019

% CHANGE

264

188

40.4%

109.5%

$294,911,520

$203,925,280

44.6%

MEDIAN SALE PRICE

$1,050,000 $915,000 14.8%

$965,000

$947,500

1.8%

AVERAGE SALE PRICE

$1,225,382

$1,101,678

11.2%

36

49

-26.5%

46

48

-4.2%

98.9%

96.6%

2.3%

98.0%

96.9%

1.0%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2020

$1,117,089 $1,084,708 3.0%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

19 11

47.8%

31.4%

% CHANGE

YTD

2020

YTD

2019

% CHANGE

ç

102 69

YTD

2019

$3,000,000 AND UP

ç

ç

ç

138 105

YTD

2019

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

5 3

72.7%

66.7%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

41 15.33 2.67

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

25 11.33 2.21

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

7 2.11 3.32

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 0.56 18.00

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

TEWKSBURY TWP. THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

51

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 108

22 131.8%

$38,166,728 $13,950,249 173.6%

YTD 2019

% CHANGE

67 61.2%

$72,241,936

$48,305,600

49.6%

MEDIAN SALE PRICE

$665,000

$587,500 13.2%

$612,000

$595,000

2.9%

AVERAGE SALE PRICE

$748,367

$634,102 18.0%

$668,906

$720,979

-7.2%

AVERAGE DAYS ON MARKET

86

111 -22.5%

% SALES PRICE TO LIST PRICE

96.9%

96.0% 0.9%

109

118 -7.6%

96.8%

94.6%

2.4%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

63.3%

1 0

% CHANGE

YTD

2020

YTD

2019

% CHANGE

ç

9 6

YTD

2019

ç

ç

ç

98 60

YTD

2019

$3,000,000 AND UP

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

0 1

100%

50%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

43 10.89 3.95

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 1.00 19.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

6 0.11 54.00

INVENTORY

AVG SALES PER MONTH

1 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

WARREN THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

63

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020 139

60 5.0%

$50,657,732 $51,211,000 -1.1%

YTD 2019

% CHANGE

135 3.0%

$107,771,440 $111,571,176

-3.4%

MEDIAN SALE PRICE

$750,000 $832,500 -9.9%

$730,000

$825,000

-11.5%

AVERAGE SALE PRICE

$804,091 $853,516 -5.8%

$775,334

$826,453

-6.2%

65 -33.8%

60

69

-13.0%

94.5% 2.3%

96.4%

95.5%

0.9%

AVERAGE DAYS ON MARKET

43

% SALES PRICE TO LIST PRICE

96.7%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

116 110

YTD

2019

22 24

5.5%

$3,000,000 AND UP

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

2019

1 1

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

0%

8.3%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

48 12.89 3.72

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

31 2.44 12.68

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.11 9.00

INVENTORY

AVG SALES PER MONTH

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

WASHINGTON TWP. (MORRIS COUNTY) THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

95

% CHANGE

YTD 2020 214

79 20.3%

YTD 2019

% CHANGE

181

18.2%

$47,708,200 $35,764,152 33.4%

$103,725,616 $80,667,864 28.6%

MEDIAN SALE PRICE

$478,000 $465,000 2.8%

$463,750 $450,000 3.1%

AVERAGE SALE PRICE

$502,191

$484,699 $445,678 8.8%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$452,710 10.9%

62

61 1.6%

98.9%

97.5% 1.5%

70

61 14.8%

98.0%

97.5% 0.5%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

ç

ç

212 181

YTD

2019

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

2 0

YTD

2019

0 0

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

0 0

NC

17.1%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

44 23.56 1.87

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.22 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

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

WATCHUNG THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

30

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2020

YTD 2019

% CHANGE

24 25.0%

5 8

60

-3.3%

$27,077,320 $18,726,218 44.6%

$44,936,032 $47,827,216 -6.0%

MEDIAN SALE PRICE

$663,500

$747,250 -11.2%

$640,750

$707,500 -9.4%

AVERAGE SALE PRICE

$902,577

$780,259 15.7%

$774,759

$797,120 -2.8%

50

83 -39.8%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

95.3%

95.5% -0.2%

55

76 -27.6%

95.5%

96.3% -0.8%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

11 12

YTD

2019

1 0

$3,000,000 AND UP

% CHANGE

YTD

2020

ç

ç

ç

46 48

YTD

2019

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

YTD

2019

% CHANGE

0 0

NC

8.3%

4.2%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

20 5.11 3.91

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 1.22 13.91

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

1 0.11 9.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

WESTFIELD THIRD QUARTER MARKET REPORT 2020

Overview Q3 2020 HOMES SOLD

Q3 2019

% CHANGE

128

35.9%

174

TOTAL DOLLAR VOLUME

$152,384,768 $111,818,592

YTD 2020

YTD 2019

373

% CHANGE

325 14.8%

36.3%

$317,994,432 $268,869,888 18.3%

MEDIAN SALE PRICE

$818,750

$767,500

6.7%

$785,000 $760,000 3.3%

AVERAGE SALE PRICE

$875,774

$873,582

0.3%

$852,532 $827,291 3.1%

46

49

-6.1%

98.8%

96.7%

2.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

53 98.3%

53 0% 97.0% 1.3%

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

$0-$999,999 YTD

2020

YTD

2019

% CHANGE

YTD

2020

% CHANGE

YTD

2020

94 68

YTD

2019

2 2

38.2%

9.1%

$3,000,000 AND UP

% CHANGE

YTD

2020

NC

YTD

2019

% CHANGE

ç

ç

ç

277 254

YTD

2019

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

0 1

100%

0%

Supply and Demand (as of September 30, 2020) $1,000,000-$1,999,999

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

69 30.78 2.24

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

42 10.44 4.02

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

6 0.22 27.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/8/20 & Trendgraphix

OCTOBER 2020 MARKS THE DIAMOND JUBILEE OF TURPIN’S FOUNDING IN 1960. WE’VE COME A LONG WAY FROM OUR DAYS AT A RENTED STOREFRONT IN MENDHAM BOROUGH’S OLD FIREHOUSE. READ MORE WWW.TURPINREALTORS.COM/BLOG/6818/60TH-ANNIVERSARY

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