There was only one closing this week in Basking Ridge: 38 Roberts Circle, a town house in Maple Run sold for $480,000. The market must be getting better because I never would have guessed that this unit would have sold for so much! I’m very happy for that seller. 
There are several other units in that development that have been for sale recently, I’m quite sure we’ll see some of them returning to the market this spring. Hopefully they will have better luck this season!
Basking Ridge absorption rate is 6.2 months – there are only 132 properties available. In my network – both socially and professionally, I know of at least six homes getting ready to list… I’m hopeful that this will be a great selling season for both buyers and sellers!
Surrounding areas:
In Bedminster there were three closings this week: 77 Sage Court, a condo in the Mayfield section, closed for $189,000; 19 Eton Court a townhouse in Stone Run II sold for $363,500 (Judi and I sold this one!), 200 Old Farm Road a cape cod off of Lamington Road sold OVER ASKING for $801,000. Absorption rate in Bedminster is just under seven months – with 83 properties available, 25 under $300,000, and interest rates under 4%, it’s a great time to buy!
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