Archive for October, 2009

Halloween is just around the corner!  Who doesn’t love to trick or treat, or decorate their home or dress up in costume!  Spooky or cute, the kids have a blast!

Basking Ridge has several activities planned during this month.  From crafts at the library to pumpkin rolling and trick or treating sponsored by local businesses it shouldn’t be hard to find something to do.  Follows is a schedule of events:

Saturday, October 24th – 1:00-4:00 Safe Trick or Treat in downtown Basking Ridge.  Sponsored by the Chamber of Commerce, children are invited to come trick or treating for treats given out by local businesses and merchants.

Saturday, October 24th – 1:00-3:00 Drop-in crafts at the Bernards Township library.  Children must be accompanied by an adult but no registration is required.  Children of all ages are welcome.

Saturday, October 24th – at 1:00 The Bernards Township Recreation Department has many fun activities scheduled at the Oak Street School field on Henry Street.  Pumpkin rolling races, crafts and other ghoulish activities.  Come for tricks after you get your treats!

Monday, October 26th 7:00-7:45 Midnight at Normandy at the Library; Children ages 5-12 are invited for an evening with Piccirillo Sciencetelling.  Tickets are a must – contact the library for more information.

If you are interested in buying or selling a home in Basking Ridge, please visit my webiste at www.Basking-Ridge-Real-Estate.com or click here to sign up for listing alerts in and around Basking Ridge.

Tweet This Post

10/03/2009 – 10/09/2009

10 properties went under contract this past week in Basking Ridge:

There are an additional 10 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details.  There are only 193 properties currently for sale in Basking Ridge !

Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate website for more information on what has sold each month over the past year.

As of this morning there a total of 193 listings showing active in Basking Ridge in the MLS. With 28 going under contract in the last 30 days, Basking Ridge market absorption is 6.9 months; I still maintain that Basking Ridge is a very stable market. 

Please contact me if you would like to discuss my strategy for negotiating contracts in today’s real estate market.

Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.

Tweet This Post

This weekend, on Sunday, NJ Adventure Boot Camp is sponsoring the tenth annual Liberty Corner 4 Miler in Basking Ridge.  I wish I could say I’d be running, but I am working instead!  (Visit my open house at 64 Dogwood Terrace in Millington!) 

The race benefits the Adult Day Center of the Visiting Nurse Association of Somerset Hills.  I love races that benefit local organizations!  If you want to run, registration starts at 8:00 am at Harry Dunham Park; the race starts at 9:30.

After the race, if you decide that Basking Ridge is where you want to call home, then search homes for sale in Basking Ridge by clicking here.

Tweet This Post

One level living – a California Ranch – with a center atrium.  Current owner says, “live big or live small”… this ranch has a great floor plan.  The kitchen and family room are to one side, bedrooms are along the back and to the left and the living room is in the center – buffered from the bedrooms by the atrium.  It’s a very unique home with many updates that a discriminating buyer will appreciate including two newer furnaces and central air conditioners and a new roof.  The kitchen has been updated and boasts granite counters and backsplash, a center island, ceramic tile flooring and new appliances.  Visit the website for lots of photos and open house information: www.64DogwoodTerrace.com.

Do you care to watch the market?  I am happy to send listing information directly to your inbox – each day, you will recieve an email with a link to what listed or adjusted the day before.  In some cases, you will get the listings before they hit the internet!  No obligation, just information!

Tweet This Post

Consumers are busy buying houses, according to the National Association of Realtors (NAR), which announced this week that its Pending Home Sales Index rose 6.4 percent in August to its highest level since March 2007. The uptick in pending home sales marked the seventh consecutive monthly increase, the longest in the series of the index which began in 2001.

A forward-looking indicator based on contracts signed to purchase a home, the Pending Home Sales Index in the Northeast jumped 8.2 percent from July and is 12 percent higher than August 2008. 

Conditions remain ideal for purchasing a home. Freddie Mac’s Primary Mortgage Market Survey showed that rates on 30-year fixed-rate mortgages are averaging less than 5 percent and nearing the all-time low set in March. In addition, first-time buyers still have a few weeks to get under contract in time to take advantage of the $8,000 buyer tax credit.

Are you interested in buying or selling your Basking Ridge home?  Click here for to see what’s for sale in Basking Ridge or here to get an estimate of your home’s current value.

Tweet This Post

9/26-10/02/09

5 properties went under contract this past week in Basking Ridge.

There are an additional 14 properties that are working through attorney review.

Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate website for more information on what has sold each month over the past year.

As of this morning there a total of 194 listings showing active in Basking Ridge in the MLS. With 24 going under contract in the last 30 days, Basking Ridge market absorption jumped up to just over 8 months a good example of why it doesn’t always make sense to look at this metric every week; it’s the trends that are most important.

Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge website to sign up for listing alerts in and around Basking Ridge or to search homes for sale in Basking Ridge.

Tweet This Post

It’s Friday!  I will be posting what’s under contract and what’s new to the market, but first I wanted to share my most recent analysis of market absorption.  Current inventory in Basking Ridge has dipped below 200 properties.  There are currently 194 available listings (14 are noted as being in attorney review).  Market absorption is defined as the rate at which current inventory will be sold based on the number of buyers in the last thirty days.  A normal market (favoring neither buyers nor sellers) is between 5 and 6 months.  A buyers market is anything over 6 months of inventory and a sellers market is anything under 5 months of inventory.  I looked at Basking Ridge overall, Basking Ridge town houses over all and Basking Ridge town houses between $500,000 and $800,000.  In all three cases, market absorption is between 7 and 8 months.  These are really great numbers – the market is still favoring buyers somewhat, and I think there are some really great deals out there.  But, while buyers are still favored, I am seeing properties close closer to their asking prices, so sellers are not in such bad shape either!  See below for details.

As of today, there are 194 homes available in Basking Ridge

 Since 09/02/2009, 24 homes have gone under contract

Township Market Absorption = 8 months

====================================================

There are 60 town houses available in Basking Ridge

Since 09/02/2009, 8 town houses have gone under contract

Town House Market Absorption = 7.5 months

====================================================

There are 62 town houses available in Basking Ridge

Since 09/02/2009, 7 town houses have gone under contract

Town House Market Absorption = 8.9 months

Please contact me if you are interested in making a move into or out of Basking Ridge.  The statistics posted here are just an example of the analyses I constantly perform to monitor the market; helping buyers and sellers to get the best deal possible!  Click here for information on what has sold in Basking Ridge, or visit my site for to see what’s for sale in Basking Ridge or to get the value of your Basking Ridge house or townhome.

Tweet This Post