The following homes have closed since June 15th:
15 KNOLLCROFT ROAD $592,500
2802 HEMLOCK PLACE $295,000
237 ENGLISH PLACE $243,900
29 BUTTERNUT LANE $1,472,100
21 WHISPERING WOODS LANE $1,250,000
363 MOUNTAIN ROAD $829,000
15 SUNNYBROOK ROAD $1,750,000
2 BIRCH DRIVE $650,000
41 SUMMIT DRIVE $1,025,000
164 WOODWARD LANE $252,000
2 HADLEY COURT $725,000
An additional eight homes went under contract; some after being on the market only a few weeks. Once again, when adjusting the Days On Market statistic to the last price change, I found that once a home is priced “right” it sells within 4-6 weeks!
Current market absorption is under 5.5 months.
Who said the market is dead? Prices may not be where seller’s want them to be, BUT – it’s easy to sell a home in Basking Ridge! I can help you understand the value of your home in today’s market. Having that information will help you make some important decisions if you are considering a move.
