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Contract Sales and Price Adjustments:
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!
258 Alexandria Way, Basking Ridge
Spring Ridge Duplex – Greenbriar model – 3 bedrooms, 2.1 baths and a finished basement.
Sold for $432,000
The following properties have closed in the last month:
110 Jamestown Rd
257 Mount Prospect Rd
5 Hansom Rd
55 Mount Airy Rd
20 Raleigh Ct
40 Meeker Rd
42 Mayflower Dr
55 E Oak St
44 Beechwood Rd
29 Vanderveer Dr
25 Stacy Ln
38 Hansom Rd
6 Magnolia Path
84 Huntington Rd
14 Village Drive - **my listing**
210 Potomac Dr
39 N Dexter Dr - **my sale**
10 Prescott Ct
397 Penns Way
72 Victoria Dr – **my listing**
If you are considering a move to Basking Ridge, I am happy to help. Access my website to search homes for sale in Basking Ridge or homes for sale in Bedminster or you can contact me for access to other towns. My team and I support all of Somerset County and beyond!
25 Marilyn Street, Basking Ridge
Another one SOLD here in town! This four bedroom bi-level home set on almost an acre closed today for $577,000.
You too can be a happy homeowner! Search for what’s available in Basking Ridge or see what your home’s value is in today’s market.
A shout out to my partner, Gerry Light for helping to make it happen!
There have been seven closings here in town this month – there would have been eight, but I had a client postpone, so we’ll have at least one more by Thursday!
- 7 Riggs Court, Maple Run townhouse, listed $450,000, closed $425,000
- 79 Spencer Road, single family home, listed $549,000, closed $505,000
- 15 Lexington Road, single family home, Rebel Hill, $549,000, $526,500
- 453 King George Road, new construction, $639,000, $618,000
- 189 W Oak Street, complete renovation, $749,000, $715,000
- 149 Berkeley Circle, single family home, $799,000, $750,000
- 137 Woodman Lane, single family home, The Hills, $1,795,000, $1,630,000
I have a hunch that the Spring Market is on it’s way… a little bit of a late start, but as the weather warmed up this week I started getting some calls. I’ve got buyers ready, I’ve got sellers getting ready… and my weekends are booking up early!
I’m looking forward to speaking with you as you start your search for Basking Ridge homes for sale or if you are curious about the value of your home in today’s market.
347 Lyons Road in Basking Ridge
Closed today for $725,000 after 60 days on the market!
Considering a move?
I can help get your house SOLD too! Start here for an understanding of the value of your home in today’s Basking Ridge Real Estate market and it will only be a matter of time before your house is listed with these other closed sales in Basking Ridge!
The following properties closed during the week of 1/9/2011:
- 217 Irving Place – Society Hill Condo – listed for $244,900, sold for $230,000
- 441 King George Road – New Construction – listed for $639,000, sold for $620,000
- 15 Tamarisk Court – off of Lake Road – listed for $1,089,000, sold for $999,999.
If you are considering a move into or out of Basking Ridge, this is certainly a good time to be in the market – whether you are buying, selling or both! Contact me directly for more information on what is currently for sale in Basking Ridge. I can also help in other areas – Bernardsville, Bridgewater, Bedminster and beyond!
I had another closing this past week – on Friday. A few things to remember for your next closing: if at all possible, don’t schedule it on a Friday afternoon. Don’t schedule it on the last day of your rate lock and don’t schedule it on the last business day of the month. And whatever you do, don’t schedule it on a day that meets all three put together – especially if you are first time home buyers who are already a little anxious about the whole process!
My client’s lender entered an incorrect code on the paperwork and all the loan documents arrived at the attorney’s office on letterhead from a bank different from the bank that wired the money! It all had to go back and be redone – and then there was trouble with the email so the package didn’t arrive, the seller’s attorney was waiting, the seller lived in NYC and needed to get on a train. Tensions were mounting!
Alas – all documents were finally faxed by 4:30, the seller arrived at 4:45 and we were all on our way by 5:15. First time home buyers with house keys in their hands and smiles on their faces!
Phew!
Please allow me to help you be as happy as my latest new homeowners are today! Visit my website to search homes for sale in Basking Ridge or in Bedminster; contact me directly if you are interested in any other areas – i can help there too!
I had a closing yesterday – my clients were so so so so happy and let me tell you, it makes it all worthwhile!
Please allow me to help you be as happy as my latest new homeowners are today! Visit my website to search homes for sale in Basking Ridge or in Bedminster; contact me directly if you are interested in any other areas – i can help there too!