There are 316,000,000 Reasons to feel GREAT about the Livingston Real Estate Market with just about $316 MILLION Dollars in Closed Sales in town in the last 12 months.
If you are lucky enough to live here, this is terrific news as very few towns in New Jersey or Nationwide; for that matter, have such a high total sales volume.
Over $156 Million Dollars of closed sales on homes priced between $600,000 and $1 Million speaks to the steady strength of the Livingston market.
In the Luxury market, homes listed for $1 Million to $1.6 Million are sold or pending at a rate 39 days, on average.
With an average price of $2.159 million, Bel Air Woods still leads the luxury market in high priced home sales. The Bel Air, Coventry, Chestnut Hill, Forest Park & Olde Northfield neighborhoods ALL have average sale prices of over $1 Million dollars.
We do a sales timing analysis each month. Our results still indicate that there is a great pent up demand for Livingston houses. Translation, we have A LOT of buyers looking for homes that fit their criteria to hit the market… and as they do, offers are coming FAST and if priced correctly, result in MULTIPLE OFFERS. This is terrific news for Sellers. This is also a great wake up call for Buyers to BE PREPARED with Mortgage Pre-Approval letters to make your offer a STRONG one.
Homes that are priced between, $600,000-$1,000,000 are Selling SUPER FAST! Selling in 36 days and at 98.5% of list price, on average. In fact, 29% on average, of homes hitting the market in this price range in Livingston are Under Contract in under 30 days. OVER HALF of homes listed in this price range are selling OVER List price.
Livingston home prices on a whole are up by 5% as of June 22, 2018. We analyze by Neighborhood, SubDivision and School District as well as Townwide, making our analysis very comprehensive. Notably, some neighborhoods have been extremely hot, with home prices in Olde Northfield up 38%, Forest Park up 24% & Riker Hill up 21%.
Now is a GREAT Time to Sell or Buy in Livingston, NJ!
Thanks for tuning in to Sage & Ali’s Real Estate 411. Our exclusive data based insights give our clients an edge. For insights about your own property, a marketing proposal, or if you are interested in purchasing, we would love to help.
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Sage & Ali Real Estate 411