Current Market Absorption in and Around Basking Ridge
As we’ve discussed before, Market absorption is defined as the rate at which current inventory will be sold based on the number of buyers in the last thirty days. A normal market (favoring neither buyers nor sellers) is between 5 and 6 months. A buyers market is anything over 6 months of inventory and a […]
Data – no analysis – just data for Basking Ridge
When I started tracking data for my website, I had a grand idea of tracking all of these categories. I have the following information for the past two years. I even have it broken down by month. I love to look at it; I love to analyze it in bits and pieces as I need […]
Anticipation – 2010 Real Estate in Basking Ridge
Well, it’s been about three days into the first work week of the year! I already have one deal out of attorney review, I’ve had a new buyer client out looking (he found me via my website and I’ve gotten two phone calls from Basking Ridge homeowners who are ready to put their homes on […]
Bernards Township Committee Reorganization Meeting Tonight
Event Date: 01/04/2010 Event Time: 7:00 PM Organization: Township Committee Event Title: Township Committee Reorganization Meeting Event Location: Town Hall Event Description: Township Committee Combined Regular/Agenda Meeting Click for the agenda
Mortgage Information from Weichert Financial
January 4, 2010 The final two weeks of December have not been kind to mortgage rates. Stronger than expected economic data, comments from Fed officials, and a stock market rally all were negative for mortgage markets, and mortgage rates moved higher during the period. Heading into December, mortgage rates were close to record low levels, […]
December Market Activity in Basking Ridge
December had two more closings than November did. The following properties closed during this past month: Property, List Price/Sale Price 7 Plymouth Court, $489,000/$453,000 107 N Finley Avenue, $419,000/$415,000 82 South Stone Hedge Drive, $1,295,000/$1,185,000 76 Huntington Road, $725,000/$650,000 195 Smoke Rise Road, $549,999/$525,000 150 Bernard Drive, $1,078,500/$998,500 14 Stoneview Court, $997,900/$938,000 94 South Stone […]
Happy New Year!
Happy New Year and best wishes for an amazing 2010!