Contrary to national headlines, homes are selling in our local communities! We are seeing new listings coming to market, more buyers stepping up for 'under contracts' and activity in the sold category. The combination of correctly priced homes for sale and current mortgage interest rates now below five percent is really exciting. Of the 106 properties currently under contract in our local communities 35 went under contract in 30 days or less! A property properly priced and properly promoted will generate action.

Here is a weekly update on current Real Estate activity in our area for the week ending April 7, 2009:

Berkeley Heights

73 Active Properties with List Prices ranging from $299,900 to $1,675,000

14 Properties 'Under Contract" List Prices ranging from $299,900 to $789,000

23 Properties Sold since 1/1/2009 with Sold Prices ranging from $329,900 to $867,500

New Providence

53 Active Properties List Prices ranging from $389,000 to $1,995,000

9 Properties 'Under Contract" List Prices ranging from $385,000 to $659,000

18 Properties Sold since 1/1/2009 with Sold Prices ranging from $325,00 to $999,000

Summit

160 Active Properties List Prices ranging from $199,000 to $8,950,000

30 Properties 'Under Contract" List Prices ranging from $195,000 to $2,450,000

22 Properties Sold since 1/1/2009 with Sold Prices ranging from $253,250 to $2,675,000

Mountainside

42 Active Properties List Prices ranging from $279,000 to $2,500,000

18 Properties 'Under Contract" List Prices ranging from $369,000 to $1,250,000

11 Properties Sold since 1/1/2009 with Sold Prices ranging from $318,000 to $1,325,000

Long Hill Township

66 Active Properties List Prices range from $309,000 to $1,699,000

6 Properties 'Under Contract" List Prices ranging from $379,900 to $769,000

8 Properties Sold since 1/1/2009 with Sold Prices ranging from $320,000 to $675,000

The Chathams

158 Active Properties list prices range from $259,000 to $4,195,000

29 Properties 'Under Contract" list prices ranging from $259,000 to $2,790,000

17 Properties Sold since 1/1/2009 with Sold prices ranging from $355,000 to $1,485,000

(Source Garden State Multiple Listing Service 4/7/2009)

For more details please call or e-mail your local area Real Estate Specialists, Laura Happ and Debbie Curley-Reid, Sales Associates with Prudential New Jersey Properties, #1 in Listings and Sales for Berkeley Heights and New Providence. 908-464-1029 or Laura.Happ@PrudentialNewJersey.com or D.CurleyReid@PrudentialNewJersey.com