Only four contract sales this week:
One Spring Ridge condo, list price $259,000
One Society Hill Townhouse, list price $299,975
One single family home in the Hills, list price $799,900
One other single family home , list price $829,900 (I sold this one!)
There were two closings this week – 214 English Place, a Society Hill condo closed for full price – $239,000. It had been on the market for that price for only FIVE days when it went under contract. Prior to that, it had been on the market for quite some time – with an initial list price of $287,000. 2602 Hemlock Place in the Cedars closed for $275,000 after 22 days on the market. This property had been listed before at a high of $350,000.
There are 193 listings currently available in Basking Ridge as of this evening – ranging in price from $195,000 to $4,850,000. With most of the properties falling between $500,000 and $1,000,000.
Current market absorption is reflective of a normal market at 6.03 months of inventory. If you are considering a move into or out of Basking Ridge, you might be intersted in knowing the current value of your home or looking at what has recent sales in Basking Ridge. Sign up for listing notifications in Basking Ridge – then you can call me when you are ready to look at some homes!
