Archive for the ‘Basking Ridge Community Information’ Category

It might have been a snow day for some, but I was busy listing another home!  This property is a vintage colonial in the heart of Liberty Corner.  It features chestnut molding and pine floors - a walk up attic with plenty of space for storage.  It has been wonderfully maintained and features many current amenities, including a new roof (2004), a gas fired cast iron stove in the family room addition and a finished 12×20 shed in the back yard.  The yard is just under an acre and backs to Liberty Corner’s English Farm.  I will be hosting an open house this weekend, Sunday, February 14th from 12:00-4:00, stop by for a visit, view this wonderful home and we can discuss what’s happening in the local market.

If you are considering a move into or out of Bedminster, Basking Ridge or any of the surrounding areas, please contact me directly – selling homes is what I do best!

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There were 18 new listings in Basking Ridge this past week: several Spring Ridge and Society Hill townhouses and condos, a condo in The Cedars, a townhouse in Maple Run, two townhouses in The Barons, a townhouse in The Ridge and several townhouses in the Hills.  There were only three single family homes listed – a re-listed cape cod at $455,000, a re-listed bi-level at $525,000 and a relisted new construction home in the Tall Timber community priced at $2,289,000.

There were 7 contract sales:

234 Irving Place, Society Hill, list price $245,000
90 Jamestown Road, Spring Ridge, list price  $254,900
102 Woodward Lane, Society Hill, list price $259,000
2602 Hemlock Place, The Cedars, list price $299,900 
35 Cannon Court, The Hamiltons $539,000
25  South Alward Ave, single family home, list price $559,000
115 South Alward Ave, single family home, list price $719,000

Market Absorption in Basking Ridge is currently 7 months; there are 161 available properties and there have been 23 contract sales in the last 30 days. 

A word from Weichert about the home buyer credit and how it is impacting the market:

“The real estate market continues to show improvement as mortgage rates remain at historic lows and consumers respond to the tax credits for first-time and repeat buyers. In fact, the National Association of Realtors (NAR) just announced that its Pending Home Sales Index rose 1 percent from November.

A forward-looking indicator based on contracts signed in December, the index is now 10 percent above December 2008. What’s more, December activity was the fifth highest monthly tally in two years. A sale is listed as pending when the contract has been signed but the transaction has not yet closed. Because sales usually are finalized within one or two months of signing the contract, this improvement should result in higher home sales in the coming months.

According to Lawrence Yun, NAR chief economist, existing home sales are projected to rise to around 5.6 million in 2010, an 8.5 percent increase over 2009. As sales rise and inventory levels decline, housing wealth for many middle class families will stabilize.”

To get started on your home search visit my website to view all homes for sale in Basking Ridge.  I can also help you get an idea of the value of your Basking Ridge home.

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This beautiful town house in Lord Stirling Village was listed today. A Chandler model, it boasts a private patio and a first floor den.  Freshly painted, newer first level laminate flooring and new carpet upstairs – this one is a winner!  Contact me for pricing and appointments.

If you are considering a move into or out of Basking Ridge, don’t miss the Basking Ridge Real Estate website – it  is full of information on recent sales and new listings.

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I love Thursday afternoons – it’s the little things that make me happy and one of them is reading the Bernardsville News every week!   This week there was an article announcing free radon kits available to all residents serviced by the Bernards Township Health Department (Chester, Mendham, Long Hill, Bernardsville and Peapack-Gladstone).  This is great information and I couldn’t wait to share it with my blog-friends.  However, there are two fundamental crazy things about this particular article.  The kits are not free, they cost $10.00 and they are only available until the end of January, which means you need to get your kit before 4:00 TOMORROW….. go figure.  Anywho – here’s the information:

January is National Radon Action Month and the Bernards township health department is offering home radon kits during the month January.  If you are interested in having your home tested, visit the health department at 262 South Finley Avenue between 9:00 and 4:00 – through tomorrow. 

Bernards Township Public service announcement over. 

What is radon?  Radon is a colorless, odorless, tasteless radioactive gas that comes from the decay of naturally occuring urnanium in the soil.  It is actually quite common in our area and most buyers test for it during the inspection period of the transaction.  A seller has an obligation to remediate of the results are 4.0 picocuries or greater.  It is actually very easy to remediate.  A pipe is installed in the basement – under the foundation – and snaked above the roofline.  A fan creates a vaccuum that pulls the radon out and disperses it into the air where it is diluted to a point where it is no longer harmful.  For a 3200 square foot house it typically costs about $1100.

If you are considering a move into or out of Basking Ridge, please contact me for a buyer consultation or a market analysis of your current Basking Ridge home.  Visit my site to search Basking Ridge Real homes for sale – whether you are looking for a condo, a single family home or a luxury property.  I’m happy to help!

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The following nine Basking Ridge properties went under contract during this past week:

94  Potomac Drive – Spring Ridge condo, list price of $215,000
119 Alexandria Way – Spring Ridge condo, list price of $264,900
55 Village Drive – Lord Stirling Village, list price of $395,000
51 E Oak Street, list price of $458,800
45 Madisonville Road, list price of $463,000
61 Newell Drive, list price of $499,000
18 Mayflower Drive – Hamilton Crest, list price of $518,000
47 Berkeley Circle, list price of $899,900
28 Fawn Lane, list price of $1,450,000

There are an additional three properties working through attorney review; interestingly enough there is one at each price point: a condo listed for $240,000, a move-up single family home listed for $649,000 and a luxury property listed at $1,299,900.

The following properties closed during the same time frame:

3 Commonwealth Drive, Spring Ridge Condo, sale price $240,000
193 Irving Place, Society Hill townhouse, sale price $299,9999

If you are considering a move into or out of Basking Ridge, please contact me for a buyer consultation or a market analysis of your current Basking Ridge home.  Visit my site to search Basking Ridge Real homes for sale – whether you are looking for a condo, a single family home or a luxury property.  I’m happy to help!

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Event Date: 01/04/2010
Event Time: 7:00 PM
Organization: Township Committee
Event Title: Township Committee Reorganization Meeting
Event Location: Town Hall
Event Description:
    Township Committee Combined Regular/Agenda Meeting

Click for the agenda

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Do you need a last minute holiday gift for someone special?  Consider a one bedroom condo in Basking Ridge!  Okay, okay, I know that’s silly – BUT, it is a great time to buy and this first floor Ardsley model in the Spring Ridge community is a wonderful opportunity.  Priced at only $215,000 it offers a garage and a really nice location facing open space.  Click here for more details and contact me directly if you’d like to see it.

 If you purchase now and are under contract before April, 2010, you may qualify for the home buyer tax credit!

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I’m ready – are you?  I stopped at the market on the way home and picked up all sorts of stuff for cookie making…that’s what I’m planning to do tomorrow!  And I rented some movies – gotta get the firewood ready!!  It’s winter!!

But – business goes on as well!  The following Basking Ridge properties went under contract this past week:

193 Irving Place, Society Hill condo, LP: $315,000, DOM 106
158 Morristown Road, LP: $645,000, DOM 82
104 Tuxford Terrace, LP: $965,000, DOM 15
28 Canterbury Way, LP: $1,224,900, DOM 14
164 Liberty Corner Road, LP: $1,499,000, DOM 95
24 Princeton Court, Patriot Mews townhouse, LP: $725,000, DOM 63

I continue to be encouraged by the level of activity we are seeing here in town even with the holidays right around the corner. 

There were even a bunch of new listings this past week:

94 Potomac Drive, Spring Ridge condo, $215,000 (my listing)
43 Smithfield Court, Spring Ridge condo, $265,000
436 Penns Way, Society Hill townhouse, $309,000
2 Clark Court, The Hamiltons, $479,900
29 Arbor Circle, The Cedars-duplex, $499,000
13 Pine Street, $569,900
63 Dickinson Road, Amherst Mews, $829,000

Click over to the new Basking Ridge Patch for my article on marketing your home during the holiday season!  I am the real estate feature writer for this great new hyperlocal website!

I am headed out for some holiday cheer this evening, but please don’t hesitate to contact me over the weekend.  I love to talk real estate and I’m happy to provide you with any information you need regarding real estate in Basking Ridge!

Have a great weekend!

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This year’s Liberty Corner Holiday parade is on Thursday, December 17th.  Sponsored by the Bernards Township Chamber of Commerce and co-hosted by the Liberty Corner Fire Company, the parade starts in the center of Liberty Corner and makes its way back to the firehouse.  The trucks are on display, the Girl Scouts and Boy Scouts march, and Millington Savings Bank usually donates prizes, cider and other goodies for the post-parade reception, which also features a special visit from Santa! 

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

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The following properties have reduced their list prices since the beginning of December.  I think there are some really great deals out there – and the spring is right around the corner…get out now or you might be competing with other potential buyers.  But, on the flip side, there may be more inventory to choose from after the first of the year.

3701 Balsam Way from $122,000 to $119,500; The Cedars
139 Jamestown Rd from $249,500 to $235,000; Spring Ridge
92 Potomac Dr from $250,000 to $240,000; Spring Ridge
2602 Hemlock Pl from $320,000 to $299,900; The Cedars
284 S. Finley Ave from $475,000 to $450,000
49 Queen Anne Dr from $579,900 to $569,900
21 Harrison Brook Dr from $699,900 to $669,900
10 Melbourne Way from $719,900 to $699,000
65 Vanderveer Dr from $1,050,000 to $999,000, The Hills

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

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