Real Estate

Guest Column

Debbie Curley-Reid's Real Estate Report

Debbie Curley-Reid

We have seen 949 properties listed in our local communities since the 1st of the year and 129 have sold with an average of 8 days on the market and a Sale/List Price of 101.4%. BUYERS ARE OUT THERE!!! Homes in good condition and priced right are selling and while the frenzy of the Spring Market with multiple offers has tempered we are still seeing a good number of buyers at Open Houses in July. If you are considering a move in the near future (sometimes it takes a year of planning) let’s talk!!! I work to ensure that my sellers and buyers are the best educated in the market and I hope to work with you.

A quick breakdown by town:

 Berkeley Heights: Currently has 66 active properties with 3 being listed over $1mm. We have 40 properties under contract and 100 sold since January 1st with a Sale/List Price ratio of: 98.5% and an average of 55 days on market. Approximately a 4.4 month inventory

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 New Providence: Currently has 39 active properties with 5 being listed over $1mm. We have 28 properties under contract and 90 have sold since January 1st with a Sale/List Price ratio of: 100.0 and an average of 46days on market. Approximately a 2.8-month inventory

 Summit: Currently has 92 active properties with 56 being listed over $1mm. We have 52 properties under contract and 171 have sold since January 1st with a Sale/List Price ratio of: 98.9 % and an average of 41 days on market. Approximately a 3.5 month inventory

 Chatham Borough: Currently has 34 active properties with 16 being listed over $1mm. We have 16 properties under contract and 92 have sold since January 1st with a Sale/List Price ratio of: 99.8% and an average of 40 days on market. Approximately a 2.4 month inventory

 Chatham Township: Currently has 65 active properties with 40 being listed over $1mm. We have 23 properties under contract and 110 have sold since January 1st with a Sale/List Price ratio of: 97.6% and an average of 61 days on market. Approximately a 3.8 month inventory

 Long Hill Township: Currently has 55 active properties with 4 being listed over $1mm. We have 26 properties under contract and 54 have sold since January 1st with a Sale/List Price ratio of: 97.1% and an average of 66 days on market. Approximately a 6.6 month inventory

If you would like further information or ‘fast facts’ for other towns, please let me know. I can work with you on any and all homes in the area and have listed/sold homes in New Providence, Berkeley Heights, Summit, Chatham Borough, Chatham Township, Long Hill Township, Florham Park, Livingston, Springfield and Randolph.

Debbie Curley-Reid - Berkshire Hathaway HomeServices New Jersey Properties

d.curleyreid@bhhsnj.com

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