The following properties closed this past week in Basking Ridge:
125 Alexandria Way, Spring Ridge Condo, list price $249,900, sale price $250,000
119 Alexandria Way, Spring Ridge Condo, list price $264,900, sale price $250,000
4 Richmond Drive, Patriot Mews Town House, list price $675,000, sale price $645,000
28 Fawn Lane, Single Family Home, list price $1,450,000, sale price $1,375,000
There were 17 new listings this week; there are 5 properties working through attorney review which means that offers have been accepted and contracts are being finalized. Market Absorption in Basking Ridge is currently at 6.5 months which is a very balanced market. This time last year, market absorption was strongly favoring buyers at 13 months of inventory!
If you are considering a move into or out of Basking Ridge, this is certainly a good time to be in the market – whether you are buying, selling or both! Contact me directly for more information on what is currently for sale in Basking Ridge. I can also help in other areas – Bernardsville, Bridgewater, Bedminster and beyond!
