Three closings this past week in Basking Ridge:
- 81 Constitution Way in Hamilton Woods, listed for $499,500, closed at $480,000 after 116 days on the market.
- 12 Battalion Drive in Hamilton Ridge, listed for $515,000, closed at $495,000 after 24 days on the market.
- 126 Patriot Hill Drive in Patriot Hill, listed for $599,900, closed at LIST PRICE after 33 days on the market.
The same time period saw five new listings priced from $310,000 for a three bedroom model 600 townhouse in Society Hill to a re-list for $1,265,000. In between is a Hamilton Crest townhouse for $489,000, a Carlisle colonial for $729,000 and an Amherst Mews townhouse for $814,000.
With 22 contract sales in the last 30 days and 166 units currently available for sale in Basking Ridge, the inventory level is at 7.5 months. A not so strong buyer’s market.
Are you considering a move?
Knowing the current value of your Basking Ridge home will help you make some important decisions. I am happy to help you navigate the process and understand the current market.
In the mean time, enjoy this awesome fall day!
