Basking Ridge Market Activity – Oct 2 through Oct 8
There were three closed sales in Basking Ridge this past week:
- 137 Village Drive in Lord Stirling Village sold for $310,000 (list price: $339,000)
- 14 Clark Court in Hamilton Woods sold for $417,000 (list price: $419,000)
- 76 Shannon Hill Road in Shannon Hill Farms sold for $1,125,000 (list price: $1,225,000)
There are 173 properties on the market in Basking Ridge; eight of those listings are in attorney review. Average days on market is 118 and average list price is $878,217. There were 17 contract sales in the last 30 days yielding an absorption rate of 10 months.
Since the beginning of the fall makret there have been 62 new listings. Seven of these listings are already in under contract, there have been an additional 18 contract sales since September 1.
Happenings around town
On November 1, 2011, Bernards Township will have paid off the last of its unfunded debt. In celebration of this, the Township Committee will host a “Bond-Fire” in the rear parking lot at the township municipal building on October 29, 2011, at 7 PM. A facsimile of the township’s final unfunded bond will be burned as a symbol of a successful fiscal policy.
The Bernards Township Police Department, will be hosting an Operation Take Back New Jersey local collection site as part of the Operation Take Back NJ medicine disposal day. The event will take place at Police Headquarters, 1 Collyer Lane, Basking Ridge, NJ between the hours of 10 a.m. and 2 p.m. on Saturday, October 29, 2011.
