10/24/2009 – 10/30/2009
3 properties went under contract this past week in Basking Ridge (another quiet week here in town)
There are an additional 6 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. One thing that I have noticed recently is that properites are staying in attorney review longer; I have seen listings go from attorney review to under contract and then close in a matter of days after sitting in attorney review for a long time. 22 Colonial Drive and 19 Morrison Street are STILL in attorney review!! And, 96 W Oak Street went under contract AND closed this week.
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate site for more information on what has sold by month over the past year.
As of this morning there a total of 186 listings showing active in Basking Ridge in the MLS. With 35 going under contract in the last 30 days, Basking Ridge market absorption is 5.3 months; clearly a stable market.
Please contact me if you would like to discuss my strategy for negotiating contracts in today’s real estate market.
Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.
If you are thinking of moving, I can provide a free market analysis of your home’s value in today’s market.
