Current Absorption Rates
Anyone who has been on a listing appointment with me; or has worked with me to price a property – whether to sell it or to purchase is, knows that I use the Absorption Rate to gauge the market. This number gives us an idea of how quickly the market is moving and whether it […]
Industry News and Weichert Supports Breast Cancer Research
I am so proud to be affiliated with a company that supports the Making Strides Against Breast Cancer (American Cancer Society). This year, Weichert, Realtors successfully raised $172,000 during its 17th Annual Charity Outing to benefit the American Cancer Society (ACS) and breast cancer research. Proceeds from the event exceeded all previous years’ donations and bring […]
Modest Rise in Home Sales Expected in 2017
According to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors, existing-home sales are expected to notch a small gain in 2017. Sales are forecast to grow roughly 2 percent next year to around 5.52 million. The national median existing-home price is expected to rise to around 5 […]
Five bedrooms, Three baths, (almost) One acre – Basking Ridge
Consider this, since 2013, the following homes in the neighborhood sold: 27 Tuxford Terrace, 4 beds, 2.5 baths, $880,000 17 Granville Way, 5 beds, 3.5 baths, $1,187,500 8 Granville Way, 4 beds, 2.5 baths, $851,900 65 Stockmar Drive, 5 beds, 4.1 baths, $1,189,500 26 Granville Way, 4 beds, 3.1 baths, split level needing work, $768,000 […]
Positive Signs and New Listings
Industry News The latest industry news offers an encouraging outlook for homebuyers and sellers: Properties sold faster in March – at a median of 55 days – and buyer traffic was up, according to the latest REALTORS® Confidence Index. Data from the National Association of Realtors shows that sales of homes above $1 million increased […]
JUST SOLD – 45 Wedgewood Drive
Sold quickly – two offers – sale price: $820,000 – everyone is HAPPY! Current market absorption in Basking Ridge is 2.5 months; if you look at single family homes under $600,000 then it drops to 1.5 months. It is a terrific time to sell in Basking Ridge!
Basking Ridge Market Update
Just wanted to check in and post some happenings around town…. I’m so proud of Ridge Football: they made the NJ.com Top 20 teams! And Ridge High marching band took first place overall in their first competition last weekend in addition to best music, best visual and best overall effect. Check out their website for the […]
August Market Update
Basking Ridge Sales There were fourteen closed sales during the last week of August – late spring sales that closed in time for the kids to start school! The following properties closed between August 24th and August 31st: 50 Spencer Road – $318000 11 Addison Drive – $798000 262 Patriot Hill Drive – $600000 130 […]
Basking Ridge Market Update
The market in Basking Ridge has picked up – there is no doubt about that. There were seven contract sales this past week – I can’t post them because they aren’t my listings but two colonials and five townhouses went under contract. There are 12 properties with contracts in attorney review and at least one […]