11/28/2009 – 12/04/2009
Same as last week there were only TWO sales here in Basking Ridge.
There are an additional 12 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. Only 11 show as being in Attorney Review – I have a deal at the attorneys but the listing agent has chosen not to mark the property as such. This is a good time for me to remind you that the data I report is only as accurate as what is in the MLS, or what I can add from personal involvement in any deal.
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.
New to the Basking Ridge market are 20 properties. Before you say, “WOW, why are so many people listing their homes NOW, let me explain that many of these are relists. There has been some restructuring of several firms here in town. Coldwell Banker has absorbed Burgdorff and several Burgdorff agents had their clients pull their listings off the market until they figured out where they were going to hang their license. Some of these issues have been resolved and the homes are now back on the market. As always, I have marked the relists.
As of this evening there a total of 164 listings showing active in Basking Ridge in the MLS. With 21 going under contract in the last 30 days, Basking Ridge market absorption is 7.8 months. A one month difference from last week – due mostly the “new” listings appearing as an increase in inventory. This is why I don’t like to track Market Absorption every week, I prefer to look at the trends.
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.
