10 properties went under contract this past week in Basking Ridge

There are an additional 6 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details.  There are only 187 properties currently for sale in Basking Ridge, this is really low – but I expect that given the season.

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.

As of this morning there a total of 187 listings showing active in Basking Ridge in the MLS. With 35 going under contract in the last 30 days, Basking Ridge market absorption is 5.4 months; clearly a relatively stable market. 

Please contact me if you would like to discuss my strategy for negotiating contracts in today’s real estate market.

Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.

If you are thinking of selling your home, please click here for a free market analysis of it’s value in today’s market.

Market Absorption = Available Homes/UC Homes (last 30 days)

in a given town or price range

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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!

The following 8 properties went under contract this past week in Basking Ridge, that is five more contract sales than last week; I don’t think we are going to see much of an August slow down this year! 

82 Alexandria Way listed for $268,000
34 Smithfield Ct listed for $279,900
191 Irving PLace listed for $305,000
5 Brook Ave listed for $399,000
16 Prescott Court listed for $437,000
75 Dorchester Drive listed for $549,900
88 Cherry Lane listed for $599,000
7 Carlisle Road listed for $699,000

There are an additional 14 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 12 properties (note that some of these have been available for quite some time but have been relisted):

49 Smithfield Court listed for $236,000
72 Commonwealth Drive listed for $284,000
67 Countryside Drive listed for $349,900
7 Plymouth Court listed for $499,000
11 Cannon Court listed for $509,000
120 Lyons Road listed for $519,999
138 Patriot Hill Drive listed for $679,000
25 Benedict Crescent listed for $694,999
49 Juniper Way $699,900
98 Washington Ave listed for $789,000
6 Chelsea Court listed for $1,749,000 (has been For Sale By Owner for a LONG time)
16 Prescott Court listed for $437,000 (already under contract!)

As of this afternoon, there are a total of 221 listings showing active in Basking Ridge in the MLS.  With 39 going under contract in the last 30 days, Basking Ridge market absorption is 6.14 months (up from last week which was 5.97 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.