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There were three closed sales and three contract sales in Basking Ridge this week:
Closed sales included:
23 Arbor Circle, The Cedars $475,000/$475,000
25 Georgetown Court, Patriot Mews $749,900/$720,000
14 Old Coach Road, Liberty Corner $1,049,999/$999,999
Contract sales included one town house in The Cedars which had been listed for $280,000, one bi-level in the Cedar Hill school section which had been listed for $649,900 and one colonial in the Mt. Airy Estates section which had been listed for $825,000.
There were five new listings – four of which are townhouses or condos in Spring Ridge (2), The Ridge and Hamilton Crest. The other is a single family home in the Oak Street school section which is a ranch listed for $429,000.
Inventory levels in Basking Ridge have climbed up over 9 months – this is one of the biggest jumps we’ve had in a while. We had been hovering between 5 and 6 months. I’m not concerned… yet.
Contact me directly for information on any of these properties or transactions, I’m happy to help. I’ve been on several listing appointments since the beginning of September – some of these considering listing before the end of the year, but some are preparing for spring. I continue to anticipate that Basking Ridge will remain strong in terms of existing home sales – even if prices continue to come down a bit. Price it right and it will sell!
We’ve been busy here in Basking Ridge this week! I am happy to announce the following information:
36 Kensington Road has adjusted from $895,000 to $875,000! And they have painted the living room a nice neutral color – brightening things up a bit. If you considered this property once before and decided against it, you might want to come back. It will be hosted open on Sunday from 1:00-5:00.
58 Dyckman Place is a great house in a close-to-town location listed for $834,500. Four bedrooms, two and a half baths, updated and expanded kitchen/family room. The sellers have stripped wall paper and pulled up carpets – the basement was recently re-finished and the master bathroom has been updated. It will also be hosted open on Sunday from 1:00-5:00.
210 Irving Place is a first level condo in Society Hill. Two bedrooms, two bathrooms for $259,000. A great location close to the pool and the playground. Laminate floors, newer furnace and central air; six panel doors, updated appliances. A great first time home buyer opportunity – especially with interest rates so low! This home will also be hosted open on Sunday from 1:00-4:00.
There were only three sales here in town this week – one at just under $400,000, one at just under $600,000 and one at just over $1,500,000 – all price points represented! With 186 active listings and 26 contract sales in the last 30 days, Basking Ridge is currently at a 7.15 month absorption rate. This is higher than it’s been in quite some time - but is not unexpected given the time of year.
If you are considering a move into or out of Basking Ridge or Bedminster, or anywhere in the surrounding areas, please start with a search of available properties and contact me with any questions you may have. If you prefer townhomes, check here.
Most importantly, have a great weekend!
Sought-after community in Basking Ridge; a Liberty Corner School community; a traditional five bedroom center hall colonial with a kitchen that is to die for!
Will be listed on Monday, and there will be an open house next Sunday, June 27th from 1:00 to 5:00.
Interior photos, and maybe a video, will follow before the end of the weekend. If you register for listing alerts, you will receive notification when this comes on the market!
Update: I wanted to add photos of the gorgeous kitchen, but WordPress isn’t cooperating with me; I promise to do so as soon as it’s working again. Have a Happy Father’s Day!
This three to five bedroom cape has had so many updates over the last six years – it’s perfect! It offers three bedrooms upstairs with a full bath. There are two rooms downstairs that are currently used as a family room and a play room; they can be bedrooms or not – depending upon your needs. The front room – currently a dining room – features a wood burning fire place and could easily be a formal living room. A large fenced yard is hard to find in this part of town. Contact me for all the details.
It is a great time to buy! If you are looking at your first home purchase or to move up from a condo, this might be the perfect house. Not interested in Bernardsville? That’s okay, there are lots of homes for sale in Basking Ridge too!
What a great time of year – I love listing homes and this is the time of year when I list the most properties! Even more exciting is that they are SELLING! There is real estate activity going on all over the place – I just negotiated multiple offers on my listing in Bernardsville. If your house is on the market and you aren’t getting offers – something is wrong and you should work with your agent to find out what it is. You can’t blame it on the market because the buyers are out there!
I listed this home on Monday and forgot to blog about it!
32 Coppergate Drive in Basking Ridge
Welcome home
This is a great house! It’s a three bedroom split level – all bedrooms are upstairs. It has two full baths plus a half and there is a spare room - a den, or an office – off the family room. The kitchen is in great shape, the furnace and air conditioner have been recently replaced. And it’s location is second to none! Contact me for more information or an appointment or feel free to come by the open house on Sunday between 1:00 and 4:00pm.
Listing alerts in Basking Ridge, See what has sold in Basking Ridge, Search available homes in Basking Ridge, Get your home’s value.
My partner Judi and I are listing a beautiful Cornell model in the Hills – it will be active in the MLS on Monday, 2/22. It has a beautiful finished basement, an updated kitchen with granite, a four-season sun room which actually makes the basement bigger! It’s on a corner at the end of a cul-de-sac: this location allows for a square shaped back yard which is fenced and treed – affording lots of privacy not usually found in the Hills! List price is $1,075,000. Sneak Peak pictures to follow this coming weekend.
The $700-$1,100,000 price range in Basking Ridge is heating up. Several properties came on the market over the past few weeks only to sell almost immediately with multiple offers. Yes, in this buyer’s market, there have been multiple offers!
I signed two listings earlier in the week. Neither will be in the MLS for a little while as last minute preparations are being completed. But, for my loyal Basking Ridge Real Estate blog readers, I have a sneak peak!
161 Thackeray Drive is on the corner of Pond Hill Road and Thackeray Drive. It is a four bedroom, two and half bath split level home with a large family room addition. It has a two car garage and a basement. It sits on .76 acres in the R6 (.75) acre zone, with an inground pool. The house needs some work – okay, it needs a lot of work - but it’s a great location on a conforming lot. The neighborhood sells strongly – the last property was listed at its tax assessed value and sold almost immediately over asking after multiple offers in February of 2009 which was before we started to see the market come back. This property is a Weichert exclusive listing which I am happy to show you. We are cooperating with other brokers so if you are already working with an agent, have them contact me and we can make arrangements for you to see the house. Call me at 908-432-0318 or contact me via my website. List price: $529,000
20 Old Coach Road is a traditional center hall colonial with an expanded kitchen featuring a center island, french doors, skylights and two pantries. It boasts a huge family room with cathedral ceilings and a first floor study. It has a great fenced yard with a two tiered deck and an inground pool. There is recessed lighting throughout the house, a newer roof(’07), two zone central air and several rooms have recently been painted. It also features a terrific master bedroom with lots of light, two walk-in closets and a bathroom with two sinks, a stall shower and a jetted soaking tub. This property will be in the Garden State MLS on March 3rd and I will be hosting an open house on Sunday, March 7th between 12:00 and 4:00. List Price: $929,000
If you are considering a move into or out of Basking Ridge, please visit my site for information on what has sold in Basking Ridge or to sign up for listing alerts.
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!
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.
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.
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.