Hardwood floors, three quarters of an acre, granite in the kitchen, newer bathrooms, brand new furnace and central air.  Large rooms, gorgeous family room with built ins and a sunny picture window.  Large deck and finished basement.  Coming soon to the MLS – - pictures to follow later this week.

Basking Ridge Market Activity

Twelve new listings since March 1st – one of which already has a contract at the attorneys!  There were two contract sales – both single family homes under $530,000.  And two closed sales: 14 Riggs Court closed for $495,000 and 25 Lone Oak Road closed for $689,000.  There are thirty listings under contract in the MLS with anticipated closing dates during the month of March – encompassing all price points.

Considering a move?

Come find me on Facebook or visit Basking Ridge Real Estate to get an idea of what I have to offer and how I can help make your move an enjoyable experience even in this market!

But for now, I’m back in Basking Ridge!  I will be reaching out to my contacts over the next few weeks, it’s been a long time since I’ve spoken with some of you.  You might not be considering a move yet, but I’m happy to talk to a friend or family member who might be thinking about it.  I promise to treat your referrals with the same care that we took to get you to the closing table.  I thank you, in advance, for your support!

The first day back in the office I listed 37 Gold Boulevard in Basking Ridge.  This five bedroom, three full bath home offers tremendous opportunity – the almost one acre lot has a huge detached garage that is perfect for a gardener, a car buff, or any type of hobbyist that needs space outside of the home to pursue their dreams.  Located close to William Annin School, shopping and transportation, this is an opportunity not to be missed.

My website: www.Basking-Ridge-Real-Estate.com – the only site you need for all things about Basking Ridge Real Estate is going off-line next week for about two weeks.  We are working on a complete re-design that will improve the search experience.  I will still be available on our old website should you need to find me – and of course on Facebook and Twitter!

Sixteen contract sales since February 1st – the buyers are out there!  And, one of those sales was of a property that wasn’t even listed for ten days – price it right and it will sell!  Ten sellers adjusted their list price – of those ten, two sold just after the price change.  At least one of those entertained multiple offers.  Price it right and it will sell!

Eleven closed sales:

154 Alexandria Way $227,500
186 Potomac Drive $253,000
60 Smithfield Court $255,000
30 Village Drive $330,000
10 Cannon Court $475,000
15 Battalion Drive $500,00
27 Crest Drive $657,500
180 Smoke Rise Road $661,000
23 Princeton Court $703,000
21 Beacon Crest Drive $1,040,000
17 Cedar Creek Drive $1,220,000

Properties in red were sold by ME!  And I have another Basking Ridge closing tomorrow afternoon.

New Listings:

I can’t post address for properties that aren’t listed by me until they are sold. But I can tell you that there are 26 new listings in Basking Ridge.  Fourteen of them are colonials, one bi-level, a split level, an expanded ranch the rest are townhouses and condos.  One of the townhouses is entertaining multiple offers, one of the colonials is negotiating a contract and another of the single family homes is already under contract.  The Spring Market is HERE for sure!

Basking Ridge Market absorption is at 5.6 months – a nicely balanced market (though still favoring buyers).  There are 135 properties available and 24 have sold in the last 30 days.

Sneak Peak – I am working on three listings that should be ready by the end of March.  Two colonials in Basking Ridge and one in the northwest section of Bridgewater.

Basking Ridge Real Estate

My website: www.Basking-Ridge-Real-Estate.com – the only site you need for all things about Basking Ridge Real Estate is going off-line next week for about two weeks.  We are working on a complete re-design that will improve the search experience.  I will still be available on our old website should you need to find me – and of course on Facebook and Twitter!

According to the National Association of Realtors (NAR), pending home sales eased in December after reaching a 19-month high, but remained above year-ago levels.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 3.5 percent in December when compared to November’s results, but is 5.6 percent above December 2010.

Lawrence Yun, NAR chief economist, said the trend line remains positive. “Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period,” he said.

Yun also recognized that contract failures are still an issue, but that many homebuyers are finding ways to complete their purchases. For example, some buyers successfully complete the sale after a contract delay, while others stay in the market after a contract failure and make another offer.

“Housing affordability conditions are too good to pass up,” he said. “Our hope is lending conditions will gradually improve with sustained increases in closed existing-home sales.”

January Sales in Basking Ridge

436 Penns Way – Society Hill Townhouse – $280000
15 Battalion Drive – The Hamiltons – $500000
10 Cannon Court – The Hamiltons – $475000
180 Smoke Rise Road – Single Family home – Carlisle – $661000
30 Village Drive  - Lord Stirling Village – $330000

Market Activity in Basking Ridge

There were ten contract sales – ranging from $223,000 to $1,400,000.  Sellers – the BUYERS are out there!

There were seven price adjustments – BUYERS – there are some great deals out there – Search for Basking Ridge homes for sale here!

There were thirteen new listings – again, buyers – there are some great deals out there!

With 27 contract sales in the last thirty days and 129 active listings in Basking Ridge, market absorption is under five months!

Winter Tips for Homeowners

According to Punxsutawney Phil, who saw his shadow on Groundhog Day, there are six more weeks of winter ahead. With the potential for cold and inclement weather on the horizon, it is an opportune time to make sure the interior and exterior of your home are adequately prepared.

If you haven’t done so already, spend some time taking care of these winterizing tasks:

• Heating a home is expensive, and you can keep costs down by caulking any cracks around windows and doors that let cold air in and heat escape. You should also be sure to clean or replace furnace filters to help your heating system run more efficiently and effectively.
• Clear all debris from your gutters, even if you have a covered gutter system. Any leaves or other materials left in the gutters can freeze and damage the gutters themselves, and could also force freezing water up under your shingles and damage the roof.
• Be prepared with everything you need in the event of a big snow storm. This includes tools for removing snow, such as a snow blower with a full tank of gas, shovels and a melting agent such as rock salt. No less important are items like extra blankets, warm clothing, and enough food and water to sustain your family in case of a few days of isolation. 

27 Kensington Road – first time open, offered by original owners – $795,000 – four bedrooms, two and a half bath colonial – almost one full acre in desirable Mt. Airy Estates neighborhood – Liberty Corner Elementary School – William Annin Middle School and the prestigious Ridge High School – 1:00-4:00 on Sunday, February 5th

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59 Commonwealth Drive – one bedroom Baxter model in Spring Ridge – beautifully updated kitchen and bathroom – condo offers a garage and a basement – JUST REDUCED to $209,000 – an opportunity not to be missed, with interest rates as low as they are it might be more affordable to BUY this condo than to rent it!  Open Sunday, 1:00-4:00

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Considering a move into or out of Basking Ridge? There are so many buyers already looking for their next Basking Ridge home; I hosted an open house last weekend at 31 Shepard Way and met 15 potential buyers – if you are thinking about moving, now might be the right time – the Spring Market is HERE and the longer you wait the more competition there will be for your home.  Click here for a no-obligation estimate of the value of your Basking Ridge home.

223 Alexandria Way – this was a bank approved short sale – sold for $170,000

436 Penns Way – $280,000

38 Roberts Circle – $480,000

11 E. Ash Street – $815,000

82 Dorchester Drive – $408,000

180 Patriot Hill Drive – $590,000

162 Alexandria Way – this was a foreclosure – sold for $230,000

40 Sentinel Drive – $1,056,000

17 Berta Place – sold over asking at $801,000

11 Archgate Road – $690,000

 Are you considering a move into or out of Basking Ridge?  Make us your Basking Ridge Real Estate resource!

]]> http://basking-ridge-real-estate.com/blog/basking-ridge-real-estate-info/ten-closings-in-basking-ridge-since-january-15th/feed/ 0 http://basking-ridge-real-estate.com/blog/basking-ridge-real-estate-info/new-listing-27-kensington-road/ http://basking-ridge-real-estate.com/blog/basking-ridge-real-estate-info/new-listing-27-kensington-road/#comments Mon, 30 Jan 2012 21:21:10 +0000 Jennifer Blanchard http://basking-ridge-real-estate.com/blog/?p=1956 Basking Ridge House for sale – a traditional colonial in a traditional neighborhood

Four bedrooms, almost a full acre, walk to Rebel Hill Park, Liberty Corner School district.  Hardwood floors on both levels, an awesome family room expansion that features a wet bar, lots of windows and a slider to the deck.   The Mount Airy Estates neighborhood is a great place to live – convenient to everything in town – both highways (without being right on top of them), Lyons train station, Riverwalk…

This property will be hosted open on Sunday, February 12th, but you can certainly contact me prior to that if you’d like to see it.

Click here to reach me via email

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Is it not the right house for you?  Search other Basking Ridge homes for sale.

Considering a move?  Need to know the value of your Basking Ridge home?

Still planning – review past Basking Ridge Sales.

The good news for cost-conscious homeowners is that investing in your home in a way that pays off at resale doesn’t have to cost a lot. The high value of most replacements can be contributed to the relatively low cost of these projects. What’s more, the majority of replacement projects immediately improve curb appeal, making the home more attractive to buyers.

Based on interviews with real estate professionals throughout the country, the Remodeling report found that the top project is fiber-cement siding, which typically recoups 78 percent of costs. Fiber-cement siding has been in the No.1 spot for six of the seven years since it was added to the report.

Moving up two spots in the rankings is the minor kitchen remodel, now coming in at fourth place at 72 percent. Considered an “interior replacement” project, this is the least expensive way to give an existing kitchen a complete facelift. It is typically done by adding new cabinet door and drawer fronts and hardware, new countertops and new appliances.

The right remodeling project, when done well, also has the potential to make for a quicker sale and reduce negotiations with buyers over perceived shortcomings.  I have highlighted this sentence because I think it is very important to point out that renovations and repairs may NOT directly increase the sale price but rather will have an impact on time on market and quality of the negotiation.

If you are thinking of perhaps putting your house on the market, please feel free to give us a call, and we would be happy to meet with you and answer any questions you might have about getting your house or townhouse ready to sell. Also, feel free to go to our Basking-Ridge-Real-Estate website for more valuable information about buying and selling in Basking Ridge.

Also closed this week was 15 Frohlin Drive in Bridgewater; sale price $310,000.

For information on how to get YOUR home sold, you can visit Basking Ridge Real Estate or Bedminster Real Estate and follow the link for a free home value report.