News You Can Use...April 7,2017

INVENTORY…INVENTORY…INVENTORY!!!  Where is it?? Well, here is what has happened in the past month and where we stand today.  The weather has recently been a tad slow welcoming Spring…but Sunday Open Houses are setting new records with both numbers and attendance!  Interest rates are still low but may have seen their lowest valley and will be rising…and based on recent activity at local Open Houses…. BUYERS ARE OUT THERE!!!

 If you are considering a move in the near future (sometimes it takes a year of planning) let’s talk!!! 

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A quick breakdown by town: 

  • Berkeley Heights:  Currently has 56 active properties with 8 being listed over $1mm.               We have 41 properties under contract and 29 sold since January 1st with a Sale/List Price ratio of: 97.8%.
  • New Providence:  Currently has 36 active properties with 7 being listed over $1mm.               We have 34 properties under contract and 19 have sold since January 1st with a Sale/List Price ratio of: 98.8%.
  • Summit:  Currently has 86 active properties with 55 being listed over $1mm.               We have 63 properties under contract and 58 have sold since January 1st with a Sale/List Price ratio of: 98.1%
  • Chatham Borough:  Currently has 26 active properties with 12 being listed over $1mm. We have 31 properties under contract and 33 have sold since January 1st with a Sale/List Price ratio of: 98.4%
  •  Chatham Township:  Currently has 60 active properties with 49 being listed over $1mm.  We have 37 properties under contract and 34 have sold since January 1st with a Sale/List Price ratio of: 96.1%
  •  Long Hill Township:  Currently has 32 active properties with 2 being listed over $1mm.  We have 22 properties under contract and 19 have sold since January 1st with a Sale/List Price ratio of: 94.5%

If you would like further information or ‘fast facts’ for other towns, please let me know.  I work to ensure that my sellers and buyers are the best educated in the market and I  hope to work with you.

Debbie Curley-Reid, Berkshire Hathaway Home Services New Jersey Properties, 1260 Springfield Ave., New Providence NJ 07974, Cell:  908-577-0695 , D.CurleyReid@BHHSNJ.com