Basking Ridge Market Update

It’s not ALL bad news! My slogan of late has been “this is a delay, not a disaster”! Most of the major financial institutions have been predicting a V-shape recovery. Since the economic downturn happened suddenly and is attributed to a health crisis the current thinking is that the economy will rebound once the health crisis passes. The issue is that we cannot predict when that will be.

We have been adhering to the governor’s executive order to stay at home. Real Estate has been deemed essential in certain circumstances and there are people who listing their houses, there are people who are looking at homes and there are people who are actively buying and selling. As you can see from the following market activity recorded since March 15th, 2020.

New listings:

10 Galloping Hill Rd $519,000
29 Amherst Drive $839,000
128 Bernard Drive $1,119,000
25 Grove Road $724,900
298 Potomac Drive $279,000 – already under contract
75 S Alward Ave $745,000
2 Prescott Court $575,000
30 Hancock Court $619,000 – already under contract
20 N Dexter Drive $599,000
149 S Maple Ave $499,000
76 Childs Road $770,000
371 Potomac Drive $245,000
95 Tuxford Terrace $845,000
16 Woodman Lane $1,249,900
430 S Maple Ave $599,999
187 Irving Place $264,900
24 Morrison Street $965,000 – already in attorney review
140 Old Farm Road $1,995,000
50 Church Street $569,900 – already under contract
187 Alexandria Way $243,900
112 S Alward Ave $649,900
130 Linden Drive $815,000 – already sold and closed
465 Penns Way $349,999
73 Queen Anne Drive $729,000
265 Patriot Hill Drive $629,000
305 Penns Way $329,000
425 King George Road $699,900
210 Annin Road $799,900
23 Morrison Street $1,025,000
55 Butternut Lane $1,449,000
40 Goltra Drive $699,000
10 Scotsmans Way $1,049,000

Under Contract:

26 Cannon Ct $595,000
86 Commonwealth Dr $485,000
168 Annin Rd $749,900
17 Prescott Ct $495,000
97 Juniper Way $899,900
494 Lyons Rd $549,000
22 Cherry Lane $650,000
301 English Pl $252,500
30 Palmerston Pl $789,000
5 Rosemont Ct $1,049,000
17 Mt Airy Rd $650,000
88 Constitution Way $515,000
297 Potomac Dr $265,000
131 Village Dr $445,000
3 N Dexter Dr $599,900
270 English Pl $248,000
67 Culberson Rd $765,000
101 Childs Rd $699,000
44 Baldwin Ct $298,000
25 Berkeley Circle $845,000
18 Minuteman Ct $599,000
70 Juniper Way $799,000
223 English Pl $319,900
47 Arbor Cir $410,000
86 Countryside Dr $219,999
298 Potomac Dr $279,000
30 Hancock Ct $619,000
67 Galloping Hill Rd $430,000
50 Church St $569,900
130 Linden Dr $815,000

CLOSED Sales:

410 Mountain Rd $849,000
35 Chestnut Ct $340,000
12 Stockmar Dr $819,000
82 Aspen Drive $372,500
444 Mt Airy Rd $450,740
97 Juniper Way $870,000
35 Atlas Rd $675,000
192 English Pl $134,900
10 Baldwin Ct $275,000
2 Alexandria Way $312,250
14 Prescott Ct $497,000
1 Richmond Dr $700,000
18 Hopkinson Ct $465,000
23 Birch Dr $600,000
347 Grist Mill Dr $800,000
182 Morristown Rd $530,000
10 S Fairview Dr $685,000
90 Smithfield Ct $305,000
301 English Pl $248,000
21 Cameron Ct $1,150,000
290 Potomac Dr $252,000
29 Forest Trail $585,000
12 Stockmar Dr $819,000
455 Mt Airy Rd $520,000
41 N Dexter Dr $565,000
30 Ridge St $530,000
297 Potomac Dr $290,000
62 Jamestown Rd $292,500
223 English Pl $323,623
130 Linden Dr $815,000

If you are finding yourself in a position where you need to buy or sell real estate before the end of the pandemic and the re-opening of our economy, please reach out. There are many ways that we can be of service to you. And as always, we are more than happy to help.

In the meantime, follow us on YouTube for current real estate information.

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Jennifer Blanchard is a Top Producing real estate agent in Basking Ridge with over 18 years of experience. She would love the opportunity to discuss any real estate questions you have.

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