There were three closed sales and three contract sales in Basking Ridge this week:
Closed sales included:
Contract sales included one town house in The Cedars which had been listed for $280,000, one bi-level in the Cedar Hill school section which had been listed for $649,900 and one colonial in the Mt. Airy Estates section which had been listed for $825,000.
There were five new listings – four of which are townhouses or condos in Spring Ridge (2), The Ridge and Hamilton Crest. The other is a single family home in the Oak Street school section which is a ranch listed for $429,000.
Inventory levels in Basking Ridge have climbed up over 9 months – this is one of the biggest jumps we’ve had in a while. We had been hovering between 5 and 6 months. I’m not concerned… yet.
Contact me directly for information on any of these properties or transactions, I’m happy to help. I’ve been on several listing appointments since the beginning of September – some of these considering listing before the end of the year, but some are preparing for spring. I continue to anticipate that Basking Ridge will remain strong in terms of existing home sales – even if prices continue to come down a bit. Price it right and it will sell!
