Weekly Basking Ridge Market Activity

Since 7/25/09 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 […]

Did you Know? Basking Ridge township information

Did you know that Basking Ridge is holding a “Community Shred Day“?! – Bernards Township residents are invited to have personal documents shredded at a free, on-site, mobile paper-shredding event Saturday, October 17, from 10 a.m. to 2 p.m. in the Bernards Township Engineering Services Building parking lot at 277 S. Maple Avenue, Basking Ridge. […]

New Listing: Basking Ridge Townhouse

This new listing is a stunning 1900 Hamilton Crest model with a versatile loft that can easily be converted to a third bedroom.  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 […]

Housing Recovery Underway?

A report this week from the National Association of Realtors (NAR) presents more evidence that a housing recovery is under way in much of the country. According to NAR, existing home sales rose for the third consecutive month in June to the highest level since October 2008. The last time home sales rose for three […]

What sold this week in Basking Ridge and what is new to the market?

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 […]

Changes to Truth In Lending – Better Mortgage Rules on the way!

RESPA Reform, Mortgage Disclosure Improvement Act and Truth in Lending For the first time in more than 30 years, the U.S. Department of Housing and Urban Development (HUD) has issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, […]

Market Absorption – In and Around Basking Ridge

Absorption Rate is a way to measure current inventory levels.  It is based on the number of current listings and the number of contract sales in the last 30 days. Market absorption is an indicator of who is favored in the market: buyers or sellers, and it directly correlates to appreciation or more recently, depreciation.  […]

Tips for Sellers-Basking Ridge-Get it SOLD!

Some rules to follow when selling your home Hire a good agent – A professional who knows your neighborhood and has a good track record in the community.  Don’t hesitate to ask how many sales they handle in a year, how much of that business has been local and what percentage was representing sellers vs. buyers.  […]

What sold this week in Basking Ridge and what is new to the market?

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 […]

Mid-month check up: Basking Ridge Market Absorption

The market in Basking Ridge is currently at an inventory level of 7 months (246 available properties, 35 sales in the last 30 days).  This is a very healthy market – especially given the negative press that the real estate market is getting! There have been 10 sales in Basking Ridge so far in July – […]

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Understanding The Market

Basking Ridge Market Report

Get a snapshot of the Basking Ridge real estate market every month. As I always say, no obligation, just information.

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