There are 314 MILLION reasons to feel GREAT about the Livingston Real Estate Market!
We have had about ⅓ of a BILLION Dollars in Closed Sales in town in the last twelve months.
Very few towns in New Jersey or Nationwide; for that matter, have such a high total sales volume.
Over $52 Million Dollars of closed sales on homes priced between $1Million and $1.6 Million speaks to the vibrancy of the Livingston market.
In the Ultra-Luxury market, homes listed for over $1,800,000 are sold or pending at a rate over
1 per month, on average.
With an average price of $2.159 Million Dollars, Bel Air Woods leads the luxury market in high priced home sales. The Bel Air, Coventry, Chestnut Hill & Forest Park neighborhoods ALL have average sale prices of over $1 Million dollars.
We do a sales timing analysis each month. Our results clearly indicate that there is a great pent up demand for Livingston houses. Translation, we have a lot of buyers waiting for homes that fit their criteria to hit the market… and as they do, offers are coming FAST!
Homes that are priced between, $400,000-$800,000 are selling like hotcakes! Selling in 38 days and at 98% of list price, on average. In fact, 38% of homes hitting the market in that price range are Under Contract in under 30 days. These homes are selling at 100% of list price, on average, with 3 out of 5 selling OVER list price.
Livingston home prices on a whole are up 4%. We analyze a bit differently than other brokers as we analyze by Neighborhood, SubDivision and School District as well as Townwide.
Notably, some neighborhoods have been extremely hot, with home prices in Forest Park up 34%, Olde Northfield up 24%, Riker Hill up 21% & Hillside up 14%.
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Sage & Ali Real Estate 411
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