Welcome to Sage & Ali’s May Real Estate 411 for Livingston!

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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.

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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%.

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

Looking to Sell? Buy? Or Move?  Call, Text or Email us!

Sage & Ali Real Estate 411

In this column you will find information about real estate presented in an interesting and fun manner. Jordan Baris, Inc. Realtors is known for it's environment where every member of the team is provided the tools, technology and support to offer clients an outstanding experience.

Jordan Baris Associates are well-educated, professional, service-oriented and caring. The company offers high quality real estate brokerage services to sellers and buyers of residential, commercial and investment properties throughout Northern New Jersey.

As members of the Leading Real Estate Companies of the World, Jordan Baris, Inc. can provide relocation services to those who are buying and selling real estate globally. Click here to visit jordabaris.com and view thousands of Northern NJ homes for sale and lease.

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer.

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