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8/29/09-9/4/09
The following 4 properties went under contract this past week in Basking Ridge. A little bit of a dip which makes complete sense given the end of the summer season!
37 Woodward Lane, Sociey Hill Townhouse, $304,900, DOM 56
7 Tysley Street, Single Family Home, SHORT SALE, $439,000, DOM 212
36 Hill Top Road, Single Family Home, $450,000, DOM 14
1 Richmond Drive, Patriot Mews Townhouse, $675,000, DOM 196
There are an additional 15 properties that are working through attorney review.
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate website for more information on what has sold each month over the past year.
New to the Basking Ridge market are the following 10 properties:
107 Potomac Drive, $219,900, Spring Ridge Condo
25 Baldwin Court, $239,500, Society Hill Condo
156 Irving Place, $241,000, Society Hill Townhouse
58 Commonwealth Drive, $274,900, Spring Ridge Condo
193 Irving Place, $329,000, Society Hill Condo
129 Village Drive, $383,000, Lord Stirling Village Townhouse
16 Fairbanks Lane, $548,000, The Barons Townhouse – one floor living
43 Cannon Court, $699,000, Hamilton Ridge Townhouse – completely updated
2 Hartley Lane, $799,999, Single Family Home in the Hills
19 Morrison Street, $920,000, Single Family Home
As of this morning there a total of 203 listings showing active in Basking Ridge in the MLS. With 41 going under contract in the last 30 days, Basking Ridge market absorption is 4.95 months -not much different from last week, which again, makes sense given the season.
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge website to sign up for listing alerts in and around Basking Ridge.
Have a wonderful Labor Day weekend, the weather is supposed to be gorgeous!
I have been analyzing the Basking Ridge market for a listing appointment that my partner and I are going on this evening. Look what I found:
Market Absorption = Available Homes/UC Homes (last 30 days)
in a given town or price range
====================================================
As of today, there are 205 homes available in Basking Ridge
Since 07/31/2009, 40 homes have gone under contract
Township Market Absorption = 5.12 months
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There are 34 homes available between $600,000 and $800,000
Since 07/31/2009, 10 homes have gone under contract in that price range
Price Range Market Absorption = 3.4 months
Visit my Basking Ridge website for information on what has sold and what is still available in Basking Ridge or surrounding areas serviced by the Garden State MLS. I look forward to hearing from you!
8/22/09-8/28/09
The following 9 properties went under contract this past week in Basking Ridge. The market is holding steady – there were also 9 contract sales the week before this one!
49 Smithfield Court, Spring Ridge Condo, $236,000, DOM 21
215 Alexandria Way, Spring Ridge Condo, $259,500, DOM 103
72 Commonwealth Drive, Spring Ridge Condo, $284,000, DOM 23
72 Jamestown Road, Spring Ridge Condo, $285,000, DOM 43
11 Dayton Street, Single Family Home, $369,000, DOM 102
23 Lindburgh Lane, Single Family Home, $439,900, DOM 31
12 Hancock, Patriot Hill Townhouse, $659,000, DOM 70
15 Lenape Court, Single Family Home, $734,900, DOM 84
71 Autumn Drive, Single Family Home, $1,135,000, DOM 16
There are an additional 15 properties that are working through attorney review.
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate website for more information on what has sold each month over the past year.
New to the Basking Ridge market are the following 9 properties:
104 Jamestown Rd, $215,000, Spring Ridge Condo
224 Arrowood Way, $360,000, The Cedars Townhouse
519 Lyons Road, $472,000, Single Family Home (relisted)
10 Melbourne Way, $750,000, Single Family Home (relisted)
220 N Maple Ave, $829,000, Single Family Home
15 Brentwood Court, $1,249,000, Single Family Home
22 Colonial Drive, $1,379,000, Single Family Home
11 Parkwood Lane, $1,989,900, Single Family Home
83 Emerald Valley Lane, $2,689,000, Single Family Home (relisted, new construction)
As of this morning there a total of 205 listings showing active in Basking Ridge in the MLS. With 42 going under contract in the last 30 days, Basking Ridge market absorption is 4.8 months (another decrease from last week which was 6.0 months).
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge website to sign up for listing alerts in and around Basking Ridge.
The new price on this stunning 1900 Hamilton Crest model with a versatile loft is too good to be true!
………. $497,000 ………
Upgraded kitchen with patio access – private back yard! At the end of a cul-de-sac it’s location in the development affords ample guest parking. Hardwood floors throughout the first floor, corian counters, ceramic tile in the kitchen. Finished basement offering space for an office or a guest. The Hamilton Crest community (spotlight blog post for the Hamilton developments to follow) is a premier town house community in Basking Ridge, close to school, shopping and the Hills recreation center.
Contact me for more information on the benefits of owning a home; I can also tell you about the first time home buyer credit or set you up for listing alerts. If you are thinking about selling a home, contact me today for all of your Basking Ridge real estate needs or visit my website to search homes for sale in and around Basking Ridge, NJ.
I just returned from a wonderful vacation week at the Jersey Shore. The weather couldn’t have been better – it didn’t start to rain until we were leaving the island!
Anyway, I am not ready to return to work – but having neglected my blog for over a week, I thought I would pop on and post about a price reduction at one of my listings: www.160MountAiryRoad.com was reduced to $317,500 while I was away. If ever there was a better time to take advantage of the First Time Home Buyer tax credit – this is the property with which to do it!
Other activity on my listings while I was away – www.309EnglishPlace.com has gone under contract and www.787OldFarmRoad.com has worked through the inspection issues and is almost ready to close!
Contact me for more information on any Basking Ridge properties or to answer other real estate related questions.
8/8/09-8/14/09
The following 5 properties went under contract this past week in Basking Ridge:
197 Alexandria Way listed for $269,000, DOM 69
226 Lyons Road listed for $639,000, DOM 42
28 Gold Blvd listed for $719,000, DOM 52
111 Woods End listed for $949,000, DOM 152
148 Childs Road listed for $1,725,000, DOM 211
There are an additional 19 properties that are working through attorney review.
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate website for more information on what has sold each month over the past year.
New to the Basking Ridge market are the following 11 properties (note that many of these have been available for quite some time but have been relisted):
453 Penns Way listed For $325,000
51 E Oak Street listed for $465,000
24 Fairbanks Lane listed for $500,000
15 Lexington Road listed for $550,000
93 Alder Lane listed for $688,000
71 Autumn Dr listed for $1,135,000
38 Gerard Ave listed for $1,295,000
3 Heritage Court listed for $1,399,000
11 Rockridge Ct listed for $1,590,000
8 Rockridge Ct listed for $1,990,000
40 Colts Glen Ln listed for $3,475,000
As of this evening, there are a total of 221 listings showing active in Basking Ridge in the MLS. With 34 going under contract in the last 30 days, Basking Ridge market absorption is 6.5 months (up from last week which was 6.14 months).
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge website to sign up for listing alerts in and around Basking Ridge.
This is a question that only YOU can answer! The $8,000 tax credit sounds very appealing – and it certainly is a GREAT deal! Especially while prices are still low and interest rates are still manageable. Owning your first home is a big step, and of course it is going to be a little stressful going through the process – finding a house, making an offer, feeling confident while negotiating, understanding the paperwork, writing the checks – but it should also be fun and exciting. Iwant you to sleep at night – or not sleep because you are excited but not because you are worried sick over it!
If you are feeling like the people in any of these videos, it is time to contact me.
If you aren’t quite there yet, that’s okay too. I’m still happy to chat with you – sometimes I work with people for years before they decide to make a move. One of my hallmarks is that I work at YOUR pace; if you need information, I’m here to provide it. If you want to see some homes, we can do that too. I can send you listings and answer questions until you are comfortable and ready for that next step!