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!

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.

Additional findings from the Yahoo! Real Estate Home Horizons study include:

• Half of all respondents are looking for “green” or energy-efficient features in their dream home, as they aspire to reduce their carbon footprint. This was the most popularly cited feature.
• 57 percent of respondents said they were very satisfied with where they live, while 35 percent were somewhat satisfied and 8 percent were unsatisfied.
• When asked why they want to move, 45 percent of buyers said they want to live in a larger space. Other popular reasons were a desire to live in a home that better suited their lifestyle (42 percent) and to live in a better neighborhood (30 percent).

Based on the results of the study, Yahoo! Real Estate expects 2012 to be the year in which demand for green homes, energy-efficient appliances and lowcarbon impact home building materials really take off.  Are you ready for the
change?

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

Search for Basking Ridge homes for sale.

Search Basking Ridge townhouses for sale.

Search Bedminster homes for sale.

See what has sold in Basking Ridge

• Bedminster: Stone Run and Edgewood up to about $500,000
• Bedminster: Autumn Ridge up to about $700,000
• Basking Ridge: any four bedroom single family home in the Hills specifically including the Carlisle and Liberty Ridge sections up to about $750,000

Click here to view Basking Ridge homes for sale

I also narrowed it by price range – looking at listings and sales between $400,000 and $500,000.  There are 48 active listings and there were six sales in the last 30 days.  That’s an absorption rate of only 6 months.  19 of the listings in this price range are priced between $425,000 and $450,000 with six listings exactly at $499,000 and four exactly at $450,000.   Average days on market for these properties is about four months – they aren’t selling either….

I did this because I have a listing that is currently priced at $459,000 and I am trying to determine what to do next.  We have great open house traffic but we are not getting agent showings.  With absorption rates as low as six months; we should be getting more activity and I’m very disappointed in the lack of agent showings.  It’s only been two weeks since we adjusted the price – but we only have about six weeks left in the fall market

What would you do?

As much as I love the slow laziness of the summer months, by the time September rolls along I’m really happy to see it!  Things start happening again: school, sports, routine, and…..REAL ESTATE!

There have been sixteen new listings and ten price adjustments in Basking Ridge since the first of the month.  And, there have been 11 contract sales.  Traditionally we see an uptick in market activity between Labor Day and Thanksgiving.  So if you are looking to make a move, it might pay to take advantage of the Fall Market in Basking Ridge.  I am happy to provide a listing of current properties or an evaluation of the value of your home in the current market.  No obligation, just Information!

Please visit one of today’s featured listings in Basking Ridge:

11 Archgate Road: $699,000 – from 1:00 – 5:00 – Alma and I will be more than happy to show you this wonderful center hall colonial with an amazing list of upgrades and a terrific location within walking distance of Pleasant Valley Park.

267 English Place: $289,900 – from 1:00 – 5:00 – Carol and I will be more than happy to show you this wonderful two bedroom end unit in Society Hill I.  FHA approved and completely updated!

I will be floating between these properties and a listing in Bridgewater: 15 Frohlin Drive which is just off of Washington Valley Road which will be hosted open by Kate between 1:00 and 4:00 today.  Stop by and visit this large split level home on a nice level lot in one of the best Bridgewater neighborhoods.

I am looking forward to talking with you when you are ready to make a move!

Bedminster single family homes

Bedminster townhouses and condos

Basking Ridge Sales data

While I will be off today, Alma Aguayo is working!  She’s hosting an open house at my listing on Archgate Road in Basking Ridge – www.11ArchgateRoad.com – from 1:00 until 4:00.  This is a fantastic house with a great yard and lots of updates that you wouldn’t even consider!  Nothing to do but move in and enjoy this fine home!

25 Dayton Crescent – four bedroom, two full bath cape cod with terrific backyard.  Basement, garage, possible fifth bedroom.  Updated kitchen.  If you haven’ t seen this home and you are in the market for a house in Bernardsville, then please don’t miss this opportunity!  Offered at $449,000!