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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The following 6 properties went under contract this past week in Basking Ridge:

3152 Valley Road, Single Family Home, listed for $489,000
16 Cannon Court, Hamilton Ridge Townhouse, listed for $525,499
118 S. Fairview Drive, Single Family Home, listed for $679,000
10 Fieldstone Drive, Single Family Home, listed for $799,900
150 Bernard Drive, Single Family Home, listed for $1,078,500
30 Royal Oak Drive, Single Family Home, listed for $1,999,000

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.  There are only 199 properties currently for sale in Basking Ridge – this is the first time we have dipped below 200 in quite some time!

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 properties:

144 Woodward Lane, Society Hill Condo, $282,00
266 Penns Way, Society Hill Townhouse, $349,999
72 Sycamore Court, The Cedars Townhouse, $369,900
62 Church Street, Single Family Home, $425,000
49 Peachtree Road, Single Family Home, $449,900,
16 Mayflower Drive, Hamilton Crest Townhouse, $479,000
29 Sunset Lane, Single Family Home, $525,000
32 Wedgewood Drive, Single Family Home, $699,900 (relist)
18 Benedict Crescent, Amherst Mews Townhouse, $699,900 (relist)
158 Morristown Road, Single Family Home, $724,000
35 Galloping Hill Road, Single Family Home, $789,900 (relist)
14 Stoneview Court, Single Family Home, $997,900
26 Haas Road, Single Family Home, $1,150,000 (relist)
340 Mountain Road, Single Family Home, $1,749,000
1129 Woodman Lane, Single Family Home, $1,875,000 (relist)

As of this evening there a total of 199 listings showing active in Basking Ridge in the MLS. With 34 going under contract in the last 30 days, Basking Ridge market absorption is 5.9 months; holding steady at just under 6 months – a very balanced market.

Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.

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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!

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I had to go back beyond 12 months to find another sale to compare to the large three bedroom unit that is on the market on Baldwin Court; but for the two bedroom units there was a lot to go by – that seems to be the most popular model recently.  Most likely because they account for a larger percentage of the types of units and since they are small, the turn over more frequently.  Interestingly enough – there have been three sales in the last 30 days of the two bedroom model - that leaves only my listing and one other still available, could my clients be the next lucky sellers?

I thought I would share the Society Hill Market Analysis that I put together – please let me know if you have any questions.  I am happy to send you information about other properties available here in town,  or click here to search available town houses in Basking Ridge.  (Please forgive my spacing issues – my webmaster is on vacation!!)

Remember, these units make great first homes!  Take advantage of the first time home buyer credit if you qualify – time runs out at the end of November!

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