I am so excited to present my two newest listings!  On June 1st, I will list 258 Alexandria Way, a greenbriar model in Spring Ridge – this is a duplex with a first floor master.  The current owner has replaced many windows, installed maple hardwood floors, new wool carpet upstairs.  The ran a gas line to the kitchen so the new Bosch range/oven is gas; the diswasher was also recently replaced with a Bosch.  Topping this all off is a beautifully renovated main bath!  List price is $475,000 – a great value considering the prices of our competition are $489,000!  Come visit the open house on Sunday, 6/5.

My other new listing is still a secret, but I can tell you it’s a great ranch – one floor living with a finshed lower level and an updated kitchen.  A wonderful deck overlooking a beautiful pool; nestled on three acres in the northwestern section of town.  I sold this house six years ago and it remains one of my favorite properties in town!  Own your own piece of paradise!

Market Absorption

With 221 active listings in town and 41 sales in the last thirty days, the Basking Ridge market is at 5.4 months of inventory.  14 of those sales were under $500,000, 10 were between $500,000 and $700,000, 13 were between $700,000 and $1,000,000 and four were over $1,000,000.  There were no sales over $2,000,000.

Current Inventory

• 32 properties under $300,000
• 27 between $300,000 and $400,000
• 26 between $400,000 and $500,000 (with six at $499,000)
• 22 between $500,000 and $600,000
• 17 between $600,000 and $700,000
• 15 between $700,000 and $800,000
• 19 between $800,000 and $900,000
• 5 between $900,000 and $1,000,000
• 38 between $1,000,000 and $2,000,000
• 6 between $2,000,000 and $3,000,000
• 5 over $2,000,000
• 87 of the active listings are townhouses or condos (search here)
• 134 of the active listings are single family homes (search here)

There are eight properties that are under contract with contingencies.  I am seeing more and more contracts with home sale contingencies; it is no longer unheard of.  There are ways to do that while protecting the best interests of both the buyer and the seller.  Feel free to call me for more information about that; I’m happy to help!

Have a wonderful Memorial Day weekend!

Only 3 properties went under contract this past week in Basking Ridge.  That means offers were negotiated, attorney review was completed and inspections are underway on the following properties:

169 Alexandria Way had been listed for $247,500
36 Chestnut Court had been listed for $355,000
10 Butternut Lane had been listed for $1,825,000

There are an additional 12 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 by month (July numbers will be posted on Monday).

New to the Basking Ridge market are the following 11 properties (note that some of these have been available for quite some time but have been relisted):

125 Potomac Drive listed for $254,750
218 English Place listed for $265,000
2003 Rose Court listed for $314,999
261 Penns Way listed for $325,000
2104 Rose Court listed for $345,000
23 Lindbergh Lane listed for $439,900
92 Dorchester Drive listed for $510,000 (my listing – click for info)
41 Harrison Brook Road listed for $599,000
76 Culberson Road listed for $699,999
6 Honeyman Road listed for $765,000
150 Bernards Drive listed for $1,149,000

As of this afternoon, there are a total of 233 listings showing active in Basking Ridge in the MLS.  With 39 going under contract in the last 30 days, Basking Ridge market absorption is 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.

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.

7/17/09 – 7/24/09

7 properties went under contract this past week in Basking Ridge.  That means offers were negotiated, attorney review was completed and inspections are underway on the following properties:

13 Potomac Drive was listed for $220,000
202 Irving Place was listed for $259,900
9 Potomac Drive was listed for $324,000
116 Countryside Drive was listed for $374,000
76 Patriot Hill Drive was listed for $619,000
7 Wolf Lane was listed for $1,375,000
36 High Meadow Lane was listed for $1,739,000

There are an additional 11 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 by month.

New to the Basking Ridge market are the following 9 properties (note that some of these have been available for quite some time but have been relisted):

119 Potomac Drive listed for $249,000 (already in attorney review)
105 Jamestown Road listed for $284,900
51 Aspen Drive listed for $499,000
297 S. Finley Ave listed for $569,000
11 Fairbanks Lane listed for $575,000
15 Canter Drive listed for$735,000 (had been For Sale by Owner)
2 Sentinel Drive listed for $812,000
45 Dickinson listed for  $848,000
95 Manchester Dr.  $849,999

As of this afternoon, there are a total of 234 listings showing active in Basking Ridge in the MLS.  With 35 going under contract in the last 30 days, Basking Ridge market absorption is 6.7 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. ]]> http://basking-ridge-real-estate.com/blog/basking-ridge-real-estate-info/what-sold-this-week-in-basking-ridge-and-what-is-new-to-the-market-2/feed/ 0 http://basking-ridge-real-estate.com/blog/basking-ridge-real-estate-info/what-sold-this-week-in-basking-ridge-and-what-is-new-to-the-market/ http://basking-ridge-real-estate.com/blog/basking-ridge-real-estate-info/what-sold-this-week-in-basking-ridge-and-what-is-new-to-the-market/#comments Sat, 18 Jul 2009 16:44:10 +0000 Jennifer Blanchard http://basking-ridge-real-estate.com/blog/?p=299 7/12/09 – 7/18/09

9 properties went under contract this past week in Basking Ridge.  That means offers were negotiated, attorney review was completed and inspections are underway on the following properties:

350 Potomac Drive had been listed for $245,000 (sold in under a week!)
148 Woodward Lane had been listed for $269,000
243 English Place had been listed for $270,000
124 Potomac Drive had been listed for $284,474
48 Countryside Drive had been listed for $379,900
30 Lake Road had been listed for $515,000
113 Constitution Way had been listed for $529,999
13 Dexter Drive South had been listed for $578,500
19 Eton Place had been listed for $814,900

There are an additional 11 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 by month.

New to the Basking Ridge market are the following 9 properties (note that some of these have been available for quite some time but have been relisted):

149 Potomac Drive listed for $212,500
119 Potomac Drive listed for $249,000
72 Jamestown Road listed for $285,000
30 Battalion Drive listed for $499,900
18 Mt Airy Road listed for $559,000
128 Sunset Lane listed for $649,900
49 Watchung Drive listed for $879,000
14 Byron Drive listed for $914,900
94 South Stone Hedge Drive listed for $1,299,000 

As of this morning, there are a total of 242 listings showing active in Basking Ridge in the MLS.

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.