Archive for the ‘Basking Ridge Townhouses’ Category
Basking Ridge Weekly Market Activity
February 5th, 2010 | 
Author: 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.
Posted in Basking Ridge Real Estate Information, Basking Ridge Townhouses, New Listings | 
Tags: market activity | 
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Just Listed – Basking Ridge town house
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.
Basking Ridge NJ – weekly market activity
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!
Spring Ridge Condo for Sale
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!
Basking Ridge Market Activity – What SOLD this week?
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!
Basking Ridge Price Adjustments since Dec. 1, 2009
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.
What SOLD this week in Basking Ridge? What are the NEW listings?
11/28/2009 – 12/04/2009
Same as last week there were only TWO sales here in Basking Ridge:
17 Clark Court, The Hamiltons townhouse , LP $469,999
117 Cross Road, Single Family Home, LP$565,000
There are an additional 12 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. Only 11 show as being in Attorney Review – I have a deal at the attorneys but the listing agent has chosen not to mark the property as such. This is a good time for me to remind you that the data I report is only as accurate as what is in the MLS, or what I can add from personal involvement in any deal.
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.
New to the Basking Ridge market are the following 20 properties. Before you say, “WOW, why are so many people listing their homes NOW, let me explain that many of these are relists. There has been some restructuring of several firms here in town. Coldwell Banker has absorbed Burgdorff and several Burgdorff agents had their clients pull their listings off the market until they figured out where they were going to hang their license. Some of these issues have been resolved and the homes are now back on the market. As always, I have marked the relists.
234 Irving Pl, Society Hill condo $252,000
17 Baldwin Ct, Society Hill condo $265,000
59 Sycamore Ct, The Cedars townhouse $340,000
35 Cannon Ct, The Hamiltons townhouse $539,000
141 Lake Rd, Single Family home $549,900
22 Lexington Rd, Single Family home, estate sale, $559,000
204 West Oak Street, Single Family home, relist,$560,000
20 Granville Way, Single Family home $815,000
1 Barton Way, Amherst Mews townhouse $829,900
222 Childs Road, Single Family home $917,000
104 Tuxford Terrace, Single Family home, relist, $965,000
84 Blackburn Road, Single Family home $1,099,000
28 Canterbury Way, Single Family home, relist, $1,224,900
39 Melbourne Way, Single Family home $1,250,000
322 S Finley Ave, Single Family home $1,299,900
147 Liberty Corner Road, Single Family home $1,725,000
1O Belmont Court, Single Family, new construction, relist, $1,949,000
7 Tall Timber Lane, Single Family, new construction, relist, $2,189,000
19 Tall Timber Lane, Single Family, new construction, relist, $2,669,000
40 Colts Glen Lane, Single Family, relist, $3,475,000
As of this evening there a total of 164 listings showing active in Basking Ridge in the MLS. With 21 going under contract in the last 30 days, Basking Ridge market absorption is 7.8 months. A one month difference from last week – due mostly the “new” listings appearing as an increase in inventory. This is why I don’t like to track Market Absorption every week, I prefer to look at the trends.
Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.
If you are thinking of moving, I can provide a free market analysis of your home’s value in today’s market.
What SOLD in Basking Ridge last week? What’s NEW?
11/21/2009 – 11/27/2009
I am back from a long weekend spent with family; hoping that my readers have enjoyed their long weekend as much as I did! I think that most buyers were also spending time with family – as there were only TWO sales last week here in Basking Ridge:
29 Sunset Lane, Single Family home, LP $459,000
57 Huntington Road, Single Family home – the Hills, LP $719,000
There are an additional 12 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. I guess not everyone was only thinking Turkey last week!
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.
New to the Basking Ridge market are the following 3 properties:
107 Culberson Road, Single Family home, estate sale, $459,000
18 Mayflower Drive, Townhouse, The Hamiltons, relocation, $518,000
10 Birch Drive, Single Family home, $849,000
As of this evening there a total of 155 listings showing active in Basking Ridge in the MLS. With 19 going under contract in the last 30 days, Basking Ridge market absorption is 8.2 months. Again, a normal fluctuation.
Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.
If you are thinking of moving, I can provide a free market analysis of your home’s value in today’s market.
What sold last week in Basking Ridge? What’s NEW?
11/14/2009 – 11/20/2009
Six properties went under contract this past week in Basking Ridge:
3 Commonwealth Drive, Spring Ridge, $244,900
19 Dayton Street, BANK OWNED single family, $339,900 (multiple offers)
101 Countryside Drive, $364,000
51 Aspen Drive, town home, $469,000
24 Princeton Court, town home $725,000
76 Huntington Road, The Hills, single family, $725,000
There are an additional 8 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. 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.
New to the Basking Ridge market are the following 8 properties:
333 Penns Way, Society Hill Town Home, $345,000
55 Village Drive, Town Home, $395,000
51 East Oak Street, Single Family, $458,800
21 Dickinson Road, Town Home, $809,000
36 Cobble Lane, Single Family in the Hills, $865,000
132 Woodman Lane, Single Family in the Hills, $1,575,000
75 Wisteria Way, Single Family, $3,490,000
42 Colts Glen Lane, Single Family, $4,850,000 (relist)
As of this evening there a total of 161 listings showing active in Basking Ridge in the MLS. With 21 going under contract in the last 30 days, Basking Ridge market absorption is 7.6 months. A normal fluctuation.
Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.
If you are thinking of moving, I can provide a free market analysis of your home’s value in today’s market.
What sold last week in Basking Ridge, NJ – what’s NEW to the market?
I had to update this post to acknowledge and celebrate the fact that it is the ONE HUNDREDTH post for the blog at www.Basking-Ridge-Real-Estate.com!!!
10/31/2009 – 11/06/2009
The following 6 properties went under contract this past week in Basking Ridge (twice as many as last week!):
124 Smithfield Court, Spring Ridge Condo listed for $289,900
224 Arrowood Way, The Cedars Townhouse, listed for $360,000
11 Fairbanks Lane, The Barons Townhouse, listed for $449,999
49 Spencer Road, Single Family Home, listed for $459,000
36 Dorchester Drive, Townhouse in The Hamiltons, listed for $482,625
2 Raleigh Court, Townhouse in The Hamiltons, listed for $524,000
There are an additional 9 properties that are working through attorney review (all under $650,000) which means they have accepted offers and lawyers are working through the contract details.
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.
New to the Basking Ridge market are the following 6 properties:
436 Penns Way, Society Hill Townhouse, listed for $314,900
81 Constitution Way, Townhouse in The Hamiltons, listed for $525,000
23 Hampton Court, Half Duplex in Spring Ridge, listed for $575,000
165 Smoke Rise Road, Single Family Home in the Hills, listed for $709,900
3 Barton Way, Amherst Mews Townhouse, listed for $849,900
22 Royal Oak Drive, Single Family home, listed for $1,949,000
As of this morning there a total of 171 listings showing active in Basking Ridge in the MLS. With 34 going under contract in the last 30 days, Basking Ridge market absorption is 5 months. The absorption rate has been decreasing quite steadily; I have to attribute this to listings expiring or coming off the market for the holidays as much as I can say it’s because there are buyers out there. There ARE buyers out there – between 30 and 36 on a rolling 30 day basis – but there are also many listings that are simply coming off the market. I am SURE we will see a surge of “new” listings after the first of the year. Some of these will be new to the market and some will be returning to the market after not selling this past 6-12 months. Pricing is going to be key for these properties.
A note to sellers who are considering waiting until after the new year: The first time home buyer tax credit was extended AND it’s been expanded to include repeat buyers so if you list now, you may capture people moving up from a condo or a townhouse into your single family home. Buyers have to be under contract by April 30th to qualify. I do not think the winter market is going to slow down. If you wait until March you will miss anyone looking to capitalize on the credit. Just something to think about!
Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.
If you are thinking of moving, I can provide a free market analysis of your home’s value in today’s market.