Third Quarter 2021 Market Report I Turpin Realtors

NORTH CENTRAL NEW JERSEY

MARKET REPORT 2021 THIRD QUARTER

THIRD 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 10/11/21.

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 – SEPTEMBER 2021 Essex and Union Counties (partial) Hunterdon County

Morris County Somersert County

RESULTS BY TOWN - 2021 THIRD 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: 3 Rocky Glen Way, Tewksbury Twp.

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

COMMENTARY This report represents our first year-over-year comparison of two “post-lockdown” quarters and I am pleased to advise that the real estate market in north central New Jersey remains brisk, even as it settles into a more measured pace. While county-level data illustrates a cooling market as compared to the same period last year, overall sales volume remains historically high and continues to exceed pre-pandemic averages. Individual towns exhibited a range of outcomes in the third quarter, as usual.

Home sales under $1 million generally constitute the most robust segment of our market, however, they continue to be constrained by exceedingly tight supply. Indeed, of the towns we studied, 69% had a supply of only one or two months at the end of the third quarter, while another 13% had less than one month supply; we consider six months supply to be balanced. By comparison, at the end of pre-pandemic 2019, the vast majority of towns in our study (72%) had more than two months supply and 17% had more than six months supply. This shortage of supply is a major factor behind declines in transaction volume.

In keeping with recent trends, the $1-2 million market segment continues to show tremendous growth. Year-to-date home sales increased more than 100% over 2020 in 16 of the 39 towns in this report, and in Bridgewater, Long Hill, Mendham Borough and Peapack-Gladstone, sales were up 200% or more. Madison, Maplewood, Chatham Borough, Morris Township, Mountain Lakes, Summit, and Westfield all reported less than one month supply, a stat that would have been hard to imagine for this price range a few years ago.

Improvements have begun to take hold in the upper end as well, with an increase in sales of homes priced over $2 million in Bedminster, Bernards Township, Bernardsville, Chatham Borough, Far Hills, Madison, Summit, and Westfield. Of particular note in this segment are Harding Township (16 homes sold year-to-date, versus 8 in 2020) and Mendham Township (8 homes sold year-to-date, versus none in 2020), while the Chathams kept pace (24 this year versus 17 in 2020).

Across the board, the north central New Jersey real estate market continues to look bright.

Declines noted are largely due to inventory shortages and nevertheless still outpace pre-pandemic averages. I invite you to call upon one of our talented Realtors to help you assess the particulars of your own real estate needs. It would be our pleasure to assist with anything from sending neighborhood activity reports to your inbox to meeting for a personalized consultation or market analysis.

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

Source: GSMLS and TrendGraphix

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

YEAR OVER YEAR ACTIVITY - ALL PRICES July 2020 - September 2021

Homes for Sale

New Listings

Homes Sold

Contracts Pended

300%

Change from Last Year

200%

100%

0%

Se p

Au g

ly Ju

ne Ju

y Ma

Ap r.

.

r.

Ma

Fe b

n.

Ja

c.

De

v.

No

.

.

Oc t.

Se p

Au g

Ju

l.

-100%

MEDIAN SOLD PRICE - ALL PRICES Past 3 Years

$1000,000

Median Sold Price

$750,000

$500,000

$250,000

/18 1/1 9 3/1 9 5/1 9 7/1 9 9/1 9 11 /19 1/2 0 3/2 0 5/2 0 7/2 0 9/2 0 11 /20 1/2 1 3/2 1 5/2 1 7/2 1 9/2 1

11

9/1

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 10/12/21 & Trendgraphix

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

ALL PRICES Sept. 2021

% Change

Homes For Sale

511

848 -39.70%

New Listing

422

604 -30.10%

Contracts Pended

306

430 -28.80%

Homes Sold

361

541 -33.30%

Days on Market

UNDER $1 MILLION Sept. 2021

Sept. 2020

Sept. 2020

25

32

-21.88%

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

Sept. 2021

Sept. 2020

% Change

Homes for Sale

382 569 -33%

Homes for Sale

89

193 -54%

New Listing

346 477 -28%

New Listing

62

104 -40%

Contracts Pended

250 335 -25%

Contracts Pended

49

78 -37%

Homes Sold

261 438 -40%

Homes Sold

91 91 NC

Days on Market

25

Days on Market

26

31

-16%

$2,000,000 - $2,999,999 MILLION Sept. 2021

Sept. 2020

31 -19%

$3 MILLION+

% Change

Sept. 2021

Sept. 2020

16

% Change

For Sale

24

58 -59%

For Sale

28 -43%

New Listing

11

14 -21%

New Listing

3

9

-67%

Contracts Pended

5

14

-64%

Contracts Pended

2

3

-33%

Homes Sold

5

10

-50%

Homes Sold

4

2

100%

Days on Market

31

7 343%

Days on Market

© 2021 Turpin Realtors

18

68 -74%

Subject to Errors and Omissions

Source: GSMLS 10/12/21 & Trendgraphix

HUNTERDON COUNTY

SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ALL PRICES

YEAR OVER YEAR ACTIVITY - ALL PRICES July 2020 - September 2021

Homes for Sale

New Listings

Homes Sold

Contracts Pended

150%

Change from Last Year

100%

50%

0%

-50%

.

t.

Se p

Au g

ly Ju

ne Ju

y Ma

Ap r.

r.

.

Ma

Fe b

n.

Ja

c.

De

v.

No

.

Oc t.

.

Se p

Au g

Ju

l.

-100%

MEDIAN SOLD PRICE - ALL PRICES Past 3 Years

$800,000

Median Sold Price

$600,000

$400,000

$200,000

© 2021 Turpin Realtors

5/2 0 7/2 0 9/2 0 11 /20 1/2 1 3/2 1 5/2 1 7/2 1 9/2 1

0 3/2

0 1/2

/19

9

11

9/1

9

9

9 7/1

5/1

3/1

1/1 9

/18

11

9/1

8

$0

Subject to Errors and Omissions

Source: GSMLS 10/12/21 & Trendgraphix

HUNTERDON COUNTY

SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE

ALL PRICES Sept. 2021

% Change

Homes For Sale

371 538 -31%

New Listing

176 310 -43%

Contracts Pended

157 245 -36%

Homes Sold

151 245 -38%

Days on Market

32

UNDER $1 MILLION Sept. 2021

Sept. 2020

Sept. 2020

64

-50%

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

Sept. 2021

Sept. 2020

Homes for Sale

310 472 -34%

Homes for Sale

New Listing

166 295 -44%

New Listing

9

11

-18%

Contracts Pended

152 238 -36%

Contracts Pended

3

7

-57%

Homes Sold

145 239 -39%

Homes Sold

6

5

20%

Days on Market

31

62

-50%

43

% Change

Days on Market

73

$2,000,000 - $2,999,999 MILLION Sept. 2021 For Sale New Listing

Sept. 2020

10

% Change

16 -38% 4

-75%

1

0

∞

Homes Sold

0

1

-100%

Days on Market

0

59

N/A

© 2021 Turpin Realtors

151 -52%

$3 MILLION+

1

Contracts Pended

46 -7%

Sept. 2021

Sept. 2020

% Change

For Sale

8

4 100%

New Listing

0

0 NC

Contracts Pended

1

0

Homes Sold

0

0 NC

Days on Market

0

0 N/A

Subject to Errors and Omissions

∞

Source: GSMLS 10/12/21 & Trendgraphix

MORRIS COUNTY

SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ALL PRICES

YEAR OVER YEAR ACTIVITY - ALL PRICES July 2020 - September 2021

Homes for Sale

New Listings

Homes Sold

Contracts Pended

Change from Last Year

200%

100%

0%

.

t.

Se p

Au g

ly Ju

ne Ju

y Ma

Ap r.

r.

.

Ma

Fe b

n.

Ja

c.

De

v.

No

.

Oc t.

.

Se p

Au g

Ju

l.

-100%

MEDIAN SOLD PRICE - ALL PRICES Past 3 Years

$800,000

Median Sold Price

$600,000

$400,000

$200,000

© 2021 Turpin Realtors

5/2 0 7/2 0 9/2 0 11 /20 1/2 1 3/2 1 5/2 1 7/2 1 9/2 1

0 3/2

0 1/2

/19

9

11

9/1

9

9

9 7/1

5/1

3/1

1/1 9

/18

11

9/1

8

$0

Subject to Errors and Omissions

Source: GSMLS 10/12/21 & Trendgraphix

MORRIS COUNTY

SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE

ALL PRICES Sept. 2021

% Change

Homes For Sale

964 1453 -34%

New Listing

710 978 -27%

Contracts Pended

660 800 -18%

Homes Sold

602 758 -21%

Days on Market

29

UNDER $1 MILLION Sept. 2021

Sept. 2020

Sept. 2020

51

-43%

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

Sept. 2021

Sept. 2020

% Change

Homes for Sale

798 1153 -31%

Homes for Sale

New Listing

637 872 -27%

New Listing

60

87

-31%

Contracts Pended

616 729 -16%

Contracts Pended

33

61

-46%

Homes Sold

545 716 -24%

Homes Sold

52

38

37%

Days on Market

33

55

-40%

Sept. 2020

% Change

Days on Market

28

50

-44%

122 229 -47%

$2,000,000 - $2,999,999 MILLION Sept. 2021 For Sale

Sept. 2020

23

$3 MILLION+

% Change

Sept. 2021

52 -56%

For Sale

21

19 11%

5

5

∞

New Listing

8

14

-43%

New Listing

Contracts Pended

8

7

14%

Contracts Pended

3

3

NC

Homes Sold

4

3

33%

Homes Sold

1

1

NC

Days on Market

© 2021 Turpin Realtors

39

32 22%

Days on Market

Subject to Errors and Omissions

20

125 -84%

Source: GSMLS 10/12/21 & Trendgraphix

SOMERSET COUNTY

SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ALL PRICES

YEAR OVER YEAR ACTIVITY - ALL PRICES July 2020 - September 2021

Homes for Sale

New Listings

Homes Sold

Contracts Pended

Change from Last Year

200%

100%

0%

.

t.

Se p

Au g

ly Ju

ne Ju

y Ma

Ap r.

r.

Ma

.

Fe b

n.

Ja

c.

De

v.

No

Oc t.

Se p

.

.

Au g

Ju

l.

-100%

MEDIAN SOLD PRICE - ALL PRICES Past 3 Years

$800,000

Median Sold Price

$600,000

$400,000

$200,000

© 2021 Turpin Realtors

5/2 0 7/2 0 9/2 0 11 /20 1/2 1 3/2 1 5/2 1 7/2 1 9/2 1

0 3/2

0 1/2

/19

9

11

9/1

9 7/1

9 5/1

9 3/1

1/1 9

8

11

9/1

/18

$0

Subject to Errors and Omissions

Source: GSMLS 10/12/21 & Trendgraphix

SOMERSET COUNTY

SEPTEMBER 2021 | RESIDENTIAL PROPERTIES - ACTIVITY BY PRICE

ALL PRICES Sept. 2021

Sept. 2020

Homes For Sale

595 941 -37%

New Listing

416 607 -31%

Contracts Pended

399 523 -24%

Homes Sold

419 476 -12%

Days on Market

28

46

UNDER $1 MILLION Sept. 2021

% Change

Sept. 2020

-39%

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

Sept. 2021

Sept. 2020

% Change

Homes for Sale

458 758 -40%

Homes for Sale

99

147 -33%

New Listing

370 540 -31%

New Listing

38

59 -36%

Contracts Pended

371 487 -24%

Contracts Pended

26

34 -24%

Homes Sold

384 451 -15%

Homes Sold

34

24 42%

Days on Market

28

59 -53%

Days on Market

28

45

-38%

$2,000,000 - $2,999,999 Sept. 2021 For Sale

Sept. 2020

24

$3 MILLION+ % Change

18 33%

Sept. 2021 For Sale

Sept. 2020

14

% Change

18 -22%

New Listing

4

1

300%

New Listing

4

7

-43%

Contracts Pended

2

1

100%

Contracts Pended

0

1

-100%

Homes Sold

1

0

∞

Homes Sold

0

1

-100%

Days on Market

85

0 N/A

Days on Market

0

52

-100%

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/12/21 & Trendgraphix

BEDMINSTER THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

75

50

50%

$33,234,648

$23,505,000

41.4%

$96,954,784

$54,570,800

77.7%

MEDIAN SALE PRICE

$399,000

$399,000

0%

$390,000

$360,000

8.3%

AVERAGE SALE PRICE

$443,128

$470,100

-5.7%

$479,974

$423,029

13.5%

24

67

-64.2%

36

57

-36.8%

95.8% 4.6%

98.8%

96.7%

2.1%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.2%

YTD 2021

YTD 2020

202

% CHANGE

129 56.6%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

NC

3 3

55.6%

YTD

2020

3 0

% CHANGE

ç

ç

196 126

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

0%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

22 21.78 1.01

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.33 12.00

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

8 0.33 24.00

INVENTORY

AVG SALES PER MONTH

7 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

BERKELEY HEIGHTS THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

68

75

-9.3%

$51,396,792

$52,140,648

-1.4%

MEDIAN SALE PRICE

$681,000

$685,000

-0.6%

$678,750

$610,000

11.3%

AVERAGE SALE PRICE

$755,835

$695,208

8.7%

$701,476

$640,181

9.6%

24

58

-58.6%

31

64

-51.6%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.3%

YTD 2021

YTD 2020

190

% CHANGE

140 35.7%

$133,280,624 $89,625,400 48.7%

98.9% 3.4%

101.7%

98.5% 3.3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

175 133

YTD

2020

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

15 7

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

114.3%

31.6%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

22 19.44 1.13

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 1.67 0.00

$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 10/11/21 & Trendgraphix

BERNARDS TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

195

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 442

155 25.8%

$157,711,248 $106,033,696

48.7%

YTD 2020

% CHANGE

314 40.8%

$335,793,920 $205,412,288

63.5%

MEDIAN SALE PRICE

$774,000

$645,000

20%

$695,000

$630,000

10.3%

AVERAGE SALE PRICE

$808,775

$684,088

18.2%

$759,714

$654,179

16.1%

20

45

-55.6%

29

60

-51.7%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.2%

98.3% 2.9%

100.6%

97.4% 3.3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

4 2

187.9%

22.6%

% CHANGE

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

1 0

ç

95 33

YTD

2020

ç

ç

ç

342 279

YTD

2020

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

100%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

27 38.00 0.71

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 10.56 1.61

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 0.44 4.50

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.11 0.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

BERNARDSVILLE THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

33

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 146

56 -41.1%

$28,891,400 $53,412,640 -45.9%

YTD 2020

% CHANGE

109 33.9%

$133,886,824 $93,263,528 43.6%

MEDIAN SALE PRICE

$700,000

$728,500 -3.9%

$771,250

$650,000

18.7%

AVERAGE SALE PRICE

$875,497

$953,797 -8.2%

$917,033

$855,628

7.2%

75 -21.3%

76

84

-9.5%

99.3% 94.6% 5%

98.4%

AVERAGE DAYS ON MARKET

59

% SALES PRICE TO LIST PRICE

94%

4.6%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

34 26

33.3%

YTD

2020

6 3

% CHANGE

ç

ç

ç

104 78

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

2 2

NC

100%

0%

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

$3,000,000 AND UP

30.8%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 11.56 1.30

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 3.78 3.71

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.67 4.50

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.22 9.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

BOONTON TOWN THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

31

28

10.7%

$14,653,500

$10,803,400

MEDIAN SALE PRICE

$435,000

AVERAGE SALE PRICE

YTD 2020

% CHANGE

78

64

21.9%

35.6%

$37,640,400

$26,724,924

40.8%

$361,500

20.3%

$459,500

$402,000

14.3%

$472,693

$385,835

22.5%

$482,569

$417,576

15.6%

31

51

-39.2%

30

58

-48.3%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.7%

YTD 2021

99.4% 3.3%

102.3%

98.5% 3.9%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

ç

78 64

YTD

2020

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

% CHANGE

YTD

2021

NC

0 0

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

21.9%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 8.67 1.96

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 10/11/21 & Trendgraphix

BOONTON TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

23

21

9.5%

$16,395,400

$10,791,901

MEDIAN SALE PRICE

$718,000

AVERAGE SALE PRICE

YTD 2020

% CHANGE

52

46

13%

51.9%

$37,475,448

$21,257,300

76.3%

$505,000

42.2%

$719,750

$485,000

48.4%

$712,843

$513,900

38.7%

$720,681

$462,115

56%

39

43

-9.3%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.9%

YTD 2021

101.1% -0.2%

50

69 -27.5%

99.5% 98.5% 1%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

47 46

YTD

2020

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

5 0

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

2.2%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 5.22 1.34

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.56 7.20

$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 10/11/21 & Trendgraphix

BRIDGEWATER TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

200

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 491

210 -4.8%

$110,397,688 $103,681,456

6.5%

YTD 2020

% CHANGE

413 18.9%

$270,306,048 $202,851,776

33.3%

MEDIAN SALE PRICE

$542,000

$472,750

14.6%

$531,000

$475,000

11.8%

AVERAGE SALE PRICE

$551,988

$493,721

11.8%

$550,521

$491,166

12.1%

24

43

-44.2%

30

49

-38.8%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.2%

98.7% 3.6%

101.8% 98.8% 3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2020

% CHANGE

YTD

2021

ç

15 5

ç

476 408

YTD

2021

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

16.7%

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

200%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

62 52.89 1.17

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 1.67 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

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 10/11/21 & Trendgraphix

CALIFON THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

11

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021

YTD 2020

31

5 120%

% CHANGE

16 93.8%

$12,763,370 $5,251,520 143%

$5,015,100

$1,727,900

190.2%

MEDIAN SALE PRICE

$410,000

$350,000

17.1%

$410,000

$345,000

18.8%

AVERAGE SALE PRICE

$455,918

$345,580 31.9%

$411,721

$328,220

25.4%

AVERAGE DAYS ON MARKET

25

42 -40.5%

25

68

-63.2%

% SALES PRICE TO LIST PRICE

100.2%

100.4% -0.2%

100.5%

98.7% 1.9%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

ç

31 16

YTD

2020

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

% CHANGE

YTD

2021

NC

0 0

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

93.8%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 3.44 1.45

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 10/11/21 & Trendgraphix

CHATHAM BORO THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

38

58

-34.5%

$40,145,112

$54,804,924

-26.7%

$957,000

$830,638

15.2%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2021 144

$962,500

$796,000

84% 20.9%

$1,068,039 $899,005 18.8% 35

47

-25.5%

98.5% 3.3%

100.4%

98.1%

2.3%

42

101.7%

93 54.8%

-38.1%

26

% SALES PRICE TO LIST PRICE

% CHANGE

$153,797,744 $83,607,472

$1,056,450 $944,912 11.8%

AVERAGE DAYS ON MARKET

YTD 2020

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

56 28

YTD

2020

6 0

% CHANGE

ç

ç

ç

82 65

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

100%

26.2%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 9.11 1.43

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 6.22 0.80

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.67 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 10/11/21 & Trendgraphix

CHATHAM TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

62

76

-18.4%

$71,379,616

$79,903,120

-10.7%

HOMES SOLD TOTAL DOLLAR VOLUME

YTD 2021

YTD 2020

165

% CHANGE

139 18.7%

$190,306,192 $150,889,248

26.1%

MEDIAN SALE PRICE

$1,067,000 $975,000 9.4%

$1,090,000 $975,000 11.8%

AVERAGE SALE PRICE

$1,151,284 $1,051,356 9.5%

$1,153,370 $1,085,534 6.2%

AVERAGE DAYS ON MARKET

23

% SALES PRICE TO LIST PRICE

63

102.3%

29

-63.5%

97% 5.5%

58

100.7%

-50%

97.2% 3.6%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2020

% CHANGE

YTD

2021

3.8%

YTD

2020

16 16

% CHANGE NC

$3,000,000 AND UP YTD

2021

% CHANGE

2 1

0%

63.6%

YTD

2020

ç

ç

72 44

ç

75 78

YTD

2021

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

100%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

27 8.33 3.24

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 8.00 1.38

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 1.78 2.25

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 0.22 4.50

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

CHESTER BORO THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

7

10

-30%

$4,846,999

$5,987,009

-19%

MEDIAN SALE PRICE

$680,000

$566,750

20%

$635,500

$517,500 22.8%

AVERAGE SALE PRICE

$692,428

$598,700

15.7%

$631,493

$534,389 18.2%

26

106

-75.5%

34

94 -63.8%

102%

97.5%

4.6%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

YTD 2020

16

% CHANGE

18 -11.1%

$10,103,899 $9,619,009

89.8%

5%

97.7% -8.1%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

ç

16 18

YTD

2020

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

% CHANGE

YTD

2021

NC

0 0

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

11.1%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 1.78 0.00

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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

CHESTER TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

45

64

-29.7%

$37,362,256

$49,135,548

-24%

MEDIAN SALE PRICE

$752,554

$743,250

1.3%

$742,500

$699,950

6.1%

AVERAGE SALE PRICE

$830,272

$767,742

8.1%

$819,334

$712,713

15%

29

68

-57.4%

56

78

-28.2%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.9%

YTD 2021

YTD 2020

128

% CHANGE

112 14.3%

$104,874,864 $79,823,912 31.4%

98.1% 3.8%

100.2%

97.7% 2.6%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

32 15

YTD

2020

1 0

% CHANGE

ç

ç

ç

95 97

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

113.3%

2.1%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 10.56 1.23

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 3.56 1.13

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

2 0.11 18.00

INVENTORY

AVG SALES PER MONTH

4 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

CLINTON TOWN THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

17

23

-26.1%

$6,827,500

$8,937,575

-23.6%

$16,221,000

$15,743,575

3%

MEDIAN SALE PRICE

$390,000

$362,700

7.5%

$376,500

$350,000

7.6%

AVERAGE SALE PRICE

$401,617

$388,590

3.4%

$405,525

$366,129

10.8%

22

66

-66.7%

26

61

-57.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.5%

YTD 2021

YTD 2020

40

97.7% 4.9%

% CHANGE

43 -7%

101.1%

97.9% 3.2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

ç

40 43

YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

NC

0 0

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

7%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 4.44 2.93

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 10/11/21 & Trendgraphix

CLINTON TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

69

% CHANGE

YTD 2021 190

68 1.5%

% CHANGE

YTD 2020

166 14.5%

$36,708,168 $33,017,050 11.2%

$98,316,632

$75,399,024

30.4%

MEDIAN SALE PRICE

$495,000 $467,450 5.9%

$492,500

$436,250

12.9%

AVERAGE SALE PRICE

$532,002 $485,544 9.6%

$517,455

$454,211

13.9%

31

61

-49.2%

101.2%

98.2%

3%

TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

25

% SALES PRICE TO LIST PRICE

100%

54 -53.7% 99.2%

0.8%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2020

% CHANGE

YTD

2021

ç

ç

186 166

YTD

2021

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

4 0

YTD

2020

0 0

% CHANGE

$3,000,000 AND UP YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

12%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

22 20.67 1.06

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 0.44 6.75

$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

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 10/11/21 & Trendgraphix

FAR HILLS THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

3

5

-40%

$3,807,000

$4,810,000

$794,000

$625,000

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2020

% CHANGE

16

12

33.3%

-20.9%

$18,677,496

$10,236,000

82.5%

27%

$743,500

$675,000

10.1%

$1,269,000 $962,000 31.9%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

$1,167,343 $853,000 36.9%

58

141

-58.9%

88

92.3%

94.9%

-2.7%

92.8%

128

-31.3%

93%

-0.2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

22.2%

2 0

% CHANGE

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

1 0

ç

2 3

YTD

2020

ç

ç

ç

11 9

YTD

2020

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

33.3%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 1.22 1.64

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 0.22 0.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.11 36.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

FLORHAM PARK THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

37

41

-9.8%

$30,303,832

$29,700,070

2%

$84,094,128

$54,784,201

53.5%

MEDIAN SALE PRICE

$718,000

$640,000

12.2%

$700,000

$652,000

7.4%

AVERAGE SALE PRICE

$819,022

$724,391

13.1%

$785,926

$711,483

10.5%

59 -40.7%

46

55

-16.4%

98.9% 98.9% 0%

99.2%

98.3%

0.9%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

35

% SALES PRICE TO LIST PRICE

YTD 2021

YTD 2020

107

% CHANGE

77 39%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

18 11

33.3%

YTD

2020

1 0

% CHANGE

ç

ç

ç

88 66

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

63.6%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 9.78 1.53

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 2.00 5.00

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

HARDING TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

21

24

-12.5%

$34,144,000

$31,243,630

9.3%

HOMES SOLD TOTAL DOLLAR VOLUME

YTD 2020

% CHANGE

56

56

0%

$95,785,400

$70,918,320

35.1%

YTD 2021

MEDIAN SALE PRICE

$1,450,000 $965,000 50.3%

$1,482,500 $1,117,500 32.7%

AVERAGE SALE PRICE

$1,625,904 $1,301,817 24.9%

$1,710,453 $1,266,398 35.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

22

66

-66.7%

63

85

-25.9%

98.9%

94.4%

4.8%

96.6%

94.3%

2.4%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2020

% CHANGE

YTD

2021

8 7

9.5%

37%

% CHANGE

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

ç

23 21

YTD

2020

ç

ç

ç

17 27

YTD

2021

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

8 1

700%

14.3%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

5 1.89 2.65

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 2.56 2.35

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

5 0.89 5.63

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 0.89 10.13

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

LEBANON BORO THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

8

2

300%

$2,141,400

$575,000

HOMES SOLD TOTAL DOLLAR VOLUME

YTD 2020

% CHANGE

25

8

212.5%

272.4%

$8,284,427

$2,298,000

260.5%

YTD 2021

MEDIAN SALE PRICE

$245,750

$287,500 -14.5%

$305,000

$293,000

4.1%

AVERAGE SALE PRICE

$267,675

$287,500 -6.9%

$331,377

$287,250

15.4%

74 -45.9%

41

68

-39.7%

AVERAGE DAYS ON MARKET

40

% SALES PRICE TO LIST PRICE

98.9%

97.6% 1.3%

100.1%

97.8% 2.3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

ç

25 8

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

% CHANGE

YTD

2020

YTD

2021

NC

0 0

YTD

2020

0 0

% CHANGE

$3,000,000 AND UP YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

212.5%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 2.78 1.08

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 10/11/21 & Trendgraphix

LEBANON TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

29

23

26.1%

$14,978,800

$8,389,189

MEDIAN SALE PRICE

$485,000

AVERAGE SALE PRICE

YTD 2020

% CHANGE

70

61

14.8%

78.5%

$34,014,200

$24,125,622

41%

$370,000

31.1%

$442,450

$385,000

14.9%

$516,510

$364,747

41.6%

$485,917

$395,502

22.9%

27

87

-69%

42

83

-49.4%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.2%

YTD 2021

98% 4.3%

101.1%

97% 4.3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

ç

69 60

YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

NC

1 1

15%

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

0%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 7.67 2.48

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.11 36.00

$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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

LONG HILL TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

47

51

-7.8%

$30,642,800

$30,316,520

1.1%

$74,868,344

$51,635,516

45%

MEDIAN SALE PRICE

$617,000

$556,500

10.9%

$617,000

$510,000

21%

AVERAGE SALE PRICE

$651,974

$594,441

9.7%

$651,029

$567,423

14.7%

31

62

-50%

32

75

-57.3%

97.4% 3.6%

101%

97.2%

3.9%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.8%

YTD 2021

YTD 2020

115

% CHANGE

91 26.4%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

108 89

YTD

2020

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

7 2

21.3%

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

250%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 12.00 1.08

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.78 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 10/11/21 & Trendgraphix

MADISON THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

60

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 158

69 -13%

$56,301,776 $61,617,332 -8.6%

YTD 2020

% CHANGE

141 12.1%

$158,087,936 $120,806,736 $857,500

$722,000

30.9% 18.8%

MEDIAN SALE PRICE

$812,000

$725,000

12%

AVERAGE SALE PRICE

$938,362

$893,004

5.1%

30

40

-25%

32

52

-38.5%

98.7% 2.1%

99.9%

97.8%

2.1%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100.8%

$1,000,556 $856,785 16.8%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

61 32

YTD

2020

6 3

90.6%

14.2%

% CHANGE

ç

ç

ç

91 106

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

100%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 10.11 1.29

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 6.78 0.59

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 2.00 0.00

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 10/11/21 & Trendgraphix

MAPLEWOOD THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

118

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021

YTD 2020

303

139 -15.1%

% CHANGE

276 9.8%

$233,785,344 $179,661,360

30.1%

$93,092,384

$98,456,080

-5.4%

MEDIAN SALE PRICE

$770,000

$740,000

4.1%

$765,000

$651,000

17.5%

AVERAGE SALE PRICE

$788,918

$708,317

11.4%

$771,568

$650,946

18.5%

19

21

-9.5%

21

27

-22.2%

106% 2.8%

109.5%

104%

5.3%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

108.9%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

54 22

YTD

2020

1 0

% CHANGE

ç

ç

ç

248 254

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

145.5%

2.4%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

33 27.56 1.20

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 6.00 0.50

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

0 0.11 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 10/11/21 & Trendgraphix

MENDHAM BORO THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

23

36

-36.1%

$23,606,500

$23,102,300

2.2%

$760,000

$572,500

32.8%

$677,500

$575,000 17.8%

$1,026,369

$641,730

59.9%

$819,726

$617,306 32.8%

70

45

55.6%

57

65 -12.3%

94.7%

96.5%

-1.8%

97.4%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

YTD 2020

76

% CHANGE

67 13.4%

$62,299,200 $41,359,500 50.6%

96.3% 1.2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

11 3

1.6%

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

2 0

ç

ç

ç

63 64

YTD

2020

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

266.7%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 7.00 1.00

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 1.22 3.27

$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

3 0.22 13.50

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

MENDHAM TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

41

46

-10.9%

$44,193,208

$40,901,000

$900,000

$872,500

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2020

% CHANGE

123

100

23%

8%

$138,627,584

$81,453,544

70.2%

3.2%

$955,100

$759,500

25.8%

YTD 2021

$1,077,883 $889,152 21.2%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$1,127,053 $814,535 38.4%

41

53

-22.6%

61

66

-7.6%

98.2%

97.6%

0.6%

98.2%

96.5%

1.7%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

5 0

% CHANGE

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

3 0

ç

47 23

YTD

2020

ç

ç

ç

68 77

YTD

2020

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

104.3%

11.7%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 7.56 1.59

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 5.22 2.30

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

3 0.56 5.40

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 0.33 6.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

MILLBURN THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

119

125

-4.8%

$193,190,832

$185,254,848

4.3%

HOMES SOLD TOTAL DOLLAR VOLUME

YTD 2021

YTD 2020

316

% CHANGE

254 24.4%

$491,971,904 $351,572,896

39.9%

MEDIAN SALE PRICE

$1,400,000 $1,375,000 1.8%

$1,375,000 $1,226,500 12.1%

AVERAGE SALE PRICE

$1,623,452 $1,482,038 9.5%

$1,556,873 $1,384,145 12.5%

AVERAGE DAYS ON MARKET

24

% SALES PRICE TO LIST PRICE

42

37

-42.9%

101.1% 98.2% 3%

52

100.6%

-28.8%

97.8% 2.9%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2020

% CHANGE

YTD

2021

56 35

32.7%

5%

% CHANGE

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

ç

146 110

YTD

2020

ç

ç

ç

96 101

YTD

2021

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

18 8

125%

60%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 10.67 1.03

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

11 16.22 0.68

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

10 6.22 1.61

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 2.00 7.50

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

MORRIS PLAINS THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

26

22

18.2%

$14,722,612

$11,255,400

MEDIAN SALE PRICE

$567,500

AVERAGE SALE PRICE

YTD 2020

% CHANGE

75

58

29.3%

30.8%

$40,920,184

$28,928,468

41.5%

$502,500

12.9%

$550,000

$488,334

12.6%

$566,254

$511,609

10.7%

$545,602

$498,766

9.4%

23

28

-17.9%

27

43

-37.2%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

102.5% 99.5% 3%

YTD 2021

102.3%

98.6% 3.8%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

ç

75 58

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

% CHANGE

YTD

2020

YTD

2021

NC

0 0

YTD

2020

0 0

% CHANGE

$3,000,000 AND UP YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

29.3%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

17 8.33 2.04

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 10/11/21 & Trendgraphix

MORRIS TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

111

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 307

130 -14.6%

% CHANGE

YTD 2020

259 18.5%

$218,713,408 $167,384,800

30.7%

$80,842,784

$86,234,920

-6.3%

MEDIAN SALE PRICE

$692,000

$622,450

11.2%

$669,900

$610,000

9.8%

AVERAGE SALE PRICE

$728,313

$663,345

9.8%

$712,421

$646,273

10.2%

24

41

-41.5%

30

46

-34.8%

101.2% 99.1% 2%

101%

98.5%

2.5%

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

YTD

2021

32 20

14.6%

YTD

2020

1 0

% CHANGE

$3,000,000 AND UP YTD

2021

ç

ç

ç

274 239

YTD

2020

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

YTD

2020

% CHANGE

0 0

NC

60%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

43 30.44 1.41

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

3 3.56 0.84

$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

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 10/11/21 & Trendgraphix

MORRISTOWN THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

53

57

-7%

$26,581,800

$31,046,900

-14.4%

$84,471,192

$60,020,720

40.7%

MEDIAN SALE PRICE

$425,000

$461,000

-7.8%

$501,500

$441,250

13.7%

AVERAGE SALE PRICE

$501,543

$544,682

-7.9%

$548,514

$508,650

7.8%

27

50

-46%

37

45

-17.8%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

101.1%

97.9% 3.2%

YTD 2021

YTD 2020

154

% CHANGE

118 30.5%

100.2%

97.7% 2.6%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

9 4

YTD

2021

ç

ç

145 114

YTD

2020

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

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

125%

27.2%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

15 16.11 0.93

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

7 1.00 7.00

$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

Source: GSMLS 10/11/21 & Trendgraphix

MOUNTAIN LAKES THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

32

37

-13.5%

$34,727,500

$30,440,760

14.1%

$975,000

$760,000

28.3%

$868,450

$737,500 17.8%

$1,085,234 $822,723 31.9%

$984,465

$835,507 17.8%

HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

% CHANGE

YTD 2020

84

68 23.5%

$82,695,136 $56,814,512 45.6%

31

80

-61.3%

39

83 -53%

97.6%

95.9%

1.8%

98.9%

95.5% 3.6%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

26 14

7.5%

YTD

2021

ç

ç

57 53

YTD

2020

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

2020

1 1

85.7%

% CHANGE

$3,000,000 AND UP YTD

2021

NC

YTD

2020

% CHANGE

0 0

NC

0%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

6 6.33 0.95

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 2.89 0.35

$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

0

AVG SALES PER MONTH

0.00

MONTH’S SUPPLY

N/A

10 Year Market History

© 2021 Turpin Realtors

Source: GSMLS 10/11/21 & Trendgraphix

NEW PROVIDENCE THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

62

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 157

62 0%

$47,002,512 $42,607,256 10.3%

YTD 2020

% CHANGE

114 37.7%

$114,302,216 $77,623,256 47.3%

MEDIAN SALE PRICE

$749,500 $652,000 15%

$707,000

$649,500

8.9%

AVERAGE SALE PRICE

$758,105

$687,213 10.3%

$728,039

$680,905

6.9%

50 -58%

24

51

-52.9%

AVERAGE DAYS ON MARKET

21

% SALES PRICE TO LIST PRICE

102.5%

99% 3.6%

102.3% 98.4% 4%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2020

% CHANGE

YTD

2021

ç

ç

142 106

YTD

2021

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

15 8

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

87.5%

34%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

10 15.78 0.63

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

2 1.67 1.20

$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 10/11/21 & Trendgraphix

PEAPACK-GLADSTONE THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

12

TOTAL DOLLAR VOLUME

$9,181,000

% CHANGE

YTD 2021 39

14 -14.3% $12,568,500

YTD 2020

% CHANGE

27 44.4%

-27%

$37,568,624 $23,144,500 62.3%

MEDIAN SALE PRICE

$645,000

$711,250 -9.3%

$725,000 $680,000 6.6%

AVERAGE SALE PRICE

$765,083

$897,750 -14.8%

$963,298

AVERAGE DAYS ON MARKET

25

29 -13.8%

51

60 -15%

% SALES PRICE TO LIST PRICE

99.8%

98.4% 1.5%

96.1%

95.1% 1.1%

$857,203 12.4%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

0 2

400%

17.4%

% CHANGE

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

2 0

ç

10 2

YTD

2020

ç

ç

ç

27 23

YTD

2020

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

100%

Supply and Demand (as of September 30, 2021) $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

3 1.11 2.70

$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 0.22 0.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

RANDOLPH TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

97

130

-25.4%

$62,663,500

$74,631,056

-16%

MEDIAN SALE PRICE

$629,950

$555,000

13.5%

$625,000

$532,500

17.4%

AVERAGE SALE PRICE

$646,015

$574,085

12.5%

$630,742

$539,413

16.9%

47 -51.1%

32

52

-38.5%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET

23

% SALES PRICE TO LIST PRICE

102%

YTD 2021

YTD 2020

245

% CHANGE

240 2.1%

$154,531,936 $129,459,336

99.1% 3%

101.8%

19.4%

98.6% 3.2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE NC

YTD

2020

% CHANGE

YTD

2021

ç

237 237

YTD

2021

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

8 3

0%

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

166.7%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

35 26.33 1.33

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.89 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

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

READINGTON TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021

Q3 2020

% CHANGE

77

79

-2.5%

$41,817,028

$41,259,876

1.4%

MEDIAN SALE PRICE

$545,000

$545,000

0%

$508,000

$475,000

6.9%

AVERAGE SALE PRICE

$543,078

$522,276

4%

$532,222

$473,579

12.4%

26

60

-56.7%

40

63

-36.5%

HOMES SOLD TOTAL DOLLAR VOLUME

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

YTD 2021

YTD 2020

219

% CHANGE

187 17.1%

$116,556,784 $88,559,440 31.6%

103.9% 98.9% 5%

101.8%

99% 2.9%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

ç

ç

216 187

YTD

2020

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

3 0

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

15.5%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

32 24.00 1.33

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.33 12.00

$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 10/11/21 & Trendgraphix

SUMMIT THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

108

TOTAL DOLLAR VOLUME

$141,382,096

% CHANGE

$177,680,416

-20.4%

$1,145,000 $1,050,000

AVERAGE SALE PRICE

$1,309,093 $1,225,382 6.8% 26

% SALES PRICE TO LIST PRICE

36

YTD 2020

324

145 -25.5%

MEDIAN SALE PRICE

AVERAGE DAYS ON MARKET

YTD 2021

% CHANGE

264 22.7%

$398,188,832 $294,911,520

9%

$1,082,500 $965,000 12.2% $1,228,977 $1,117,089 32

-27.8%

100.8% 98.9% 2%

35%

46

100.9%

10% -30.4%

98%

3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

34 19

22.5%

12.3%

% CHANGE

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

ç

125 102

YTD

2020

ç

ç

ç

155 138

YTD

2020

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

10 5

78.9%

100%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

19 17.22 1.10

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 13.89 0.94

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

5 3.78 1.32

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

1 1.11 0.90

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

TEWKSBURY TWP. THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

39

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 107

51 -23.5%

$34,778,500 $38,166,728 -8.9%

YTD 2020

% CHANGE

108 -0.9%

$91,658,528

$72,241,936

26.9%

MEDIAN SALE PRICE

$770,000

$665,000 15.8%

$765,000

$612,000

25%

AVERAGE SALE PRICE

$891,756

$748,367 19.2%

$856,621

$668,906

28.1%

AVERAGE DAYS ON MARKET

34

86 -60.5%

% SALES PRICE TO LIST PRICE

98.1%

96.9% 1.2%

67

109 -38.5%

98.3%

96.8% 1.5%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

24 9

16.3%

YTD

2021

ç

ç

82 98

YTD

2020

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

2020

1 1

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

0%

166.7%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

23 9.11 2.52

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

12 2.67 4.50

$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

AVG SALES PER MONTH

2 0.00

MONTH’S SUPPLY

∞

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

WARREN THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

79

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 202

63 25.4%

$74,455,272 $50,657,732

47%

YTD 2020

% CHANGE

139 45.3%

$184,156,368 $107,771,440

70.9%

MEDIAN SALE PRICE

$875,000

$750,000 16.7%

$850,500

$730,000

16.5%

AVERAGE SALE PRICE

$942,471

$804,091 17.2%

$911,665

$775,334

17.6%

28

43 -34.9%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

100%

96.7% 3.5%

43

60 -28.3%

99.2%

96.4% 2.9%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2020

3 1

163.6%

% CHANGE

ç

58 22

21.6%

YTD

2021

ç

ç

141 116

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

200%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

22 15.67 1.40

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

22 6.44 3.41

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

5 0.33 15.00

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 10/11/21 & Trendgraphix

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

Overview Q3 2021 HOMES SOLD

Q3 2020

94

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 221

95 -1.1%

$53,617,448 $47,708,200 12.4%

YTD 2020

% CHANGE

214 3.3%

$118,978,184 $103,725,616

14.7%

MEDIAN SALE PRICE

$576,500

$478,000

20.6%

$535,000

$463,750

15.4%

AVERAGE SALE PRICE

$570,398

$502,191

13.6%

$538,362

$484,699

11.1%

24

62

-61.3%

28

70

-60%

AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

103.6%

98.9% 4.8%

103.1%

98% 5.2%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

ç

219 212

YTD

2020

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

% CHANGE

YTD

2021

NC

2 2

YTD

2020

0 0

% CHANGE NC

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

0%

3.3%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

28 24.33 1.15

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

4 0.22 18.00

$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 10/11/21 & Trendgraphix

WATCHUNG THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

22

TOTAL DOLLAR VOLUME

% CHANGE

YTD 2021 81

30 -26.7%

$20,934,514 $27,077,320 -22.7%

YTD 2020

% CHANGE

58 39.7%

$71,393,440 $44,936,032 58.9%

MEDIAN SALE PRICE

$844,500

$663,500 27.3%

$800,000

$640,750 24.9%

AVERAGE SALE PRICE

$951,568 $902,577 5.4%

$881,400

$774,759 13.8%

AVERAGE DAYS ON MARKET

38

% SALES PRICE TO LIST PRICE

52

50 -24%

98.1% 95.3% 3%

55 -5.5%

97.8%

95.5% 2.3%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

24 11

YTD

2020

0 1

118.2%

23.9%

% CHANGE

ç

ç

ç

57 46

YTD

2020

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

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

0 0

NC

100%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

14 6.33 2.21

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

9 2.67 3.38

$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

MONTH’S SUPPLY

0 0.00 N/A

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

WESTFIELD THIRD QUARTER MARKET REPORT 2021

Overview Q3 2021 HOMES SOLD

Q3 2020

150

TOTAL DOLLAR VOLUME

% CHANGE

-0.6%

YTD 2020

406

174 -13.8%

$151,507,728 $152,384,768

% CHANGE

373 8.8%

$396,147,392 $317,994,432

24.6%

10.4%

$899,000

$785,000

14.5%

$1,010,051 $875,774 15.3%

$975,732

$852,532

14.5%

-52.2%

31

53

-41.5%

98.8% 2.8%

101%

98.3%

2.7%

$904,000

MEDIAN SALE PRICE AVERAGE SALE PRICE

YTD 2021

AVERAGE DAYS ON MARKET

$818,750

22

% SALES PRICE TO LIST PRICE

46

101.5%

Sales by Price $0-$999,999 YTD

2021

YTD

2020

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

% CHANGE

YTD

2021

% CHANGE

YTD

2021

10 2

38.3%

4.3%

% CHANGE

$3,000,000 AND UP YTD

2021

YTD

2020

% CHANGE

1 0

ç

130 94

YTD

2020

ç

ç

ç

265 277

YTD

2020

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

400%

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

$0-$999,999 INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

39 29.44 1.32

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

13 14.44 0.90

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

AVG SALES PER MONTH

$3,000,000 AND UP

MONTH’S SUPPLY

4 1.11 3.60

INVENTORY

AVG SALES PER MONTH

MONTH’S SUPPLY

0 0.11 0.00

10 Year Market History

© 2021 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS 10/11/21 & Trendgraphix

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