Real Estate

Guest Column

Debbie Curley-Reid's Real Estate Report

Debbie Curley-Reid

We have seen 949 properties listed in our local communities since the 1st of the year and 129 have sold with an average of 8 days on the market and a Sale/List Price of 101.4%. BUYERS ARE OUT THERE!!! Homes in good condition and priced right are selling and while the frenzy of the Spring Market with multiple offers has tempered we are still seeing a good number of buyers at Open Houses in July. If you are considering a move in the near future (sometimes it takes a year of planning) let’s talk!!! I work to ensure that my sellers and buyers are the best educated in the market and I hope to work with you.

A quick breakdown by town:

 Berkeley Heights: Currently has 66 active properties with 3 being listed over $1mm. We have 40 properties under contract and 100 sold since January 1st with a Sale/List Price ratio of: 98.5% and an average of 55 days on market. Approximately a 4.4 month inventory

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 New Providence: Currently has 39 active properties with 5 being listed over $1mm. We have 28 properties under contract and 90 have sold since January 1st with a Sale/List Price ratio of: 100.0 and an average of 46days on market. Approximately a 2.8-month inventory

 Summit: Currently has 92 active properties with 56 being listed over $1mm. We have 52 properties under contract and 171 have sold since January 1st with a Sale/List Price ratio of: 98.9 % and an average of 41 days on market. Approximately a 3.5 month inventory

 Chatham Borough: Currently has 34 active properties with 16 being listed over $1mm. We have 16 properties under contract and 92 have sold since January 1st with a Sale/List Price ratio of: 99.8% and an average of 40 days on market. Approximately a 2.4 month inventory

 Chatham Township: Currently has 65 active properties with 40 being listed over $1mm. We have 23 properties under contract and 110 have sold since January 1st with a Sale/List Price ratio of: 97.6% and an average of 61 days on market. Approximately a 3.8 month inventory

 Long Hill Township: Currently has 55 active properties with 4 being listed over $1mm. We have 26 properties under contract and 54 have sold since January 1st with a Sale/List Price ratio of: 97.1% and an average of 66 days on market. Approximately a 6.6 month inventory

If you would like further information or ‘fast facts’ for other towns, please let me know. I can work with you on any and all homes in the area and have listed/sold homes in New Providence, Berkeley Heights, Summit, Chatham Borough, Chatham Township, Long Hill Township, Florham Park, Livingston, Springfield and Randolph.

Debbie Curley-Reid - Berkshire Hathaway HomeServices New Jersey Properties

The opinions expressed herein are the writer's alone, and do not reflect the opinions of or anyone who works for is not responsible for the accuracy of any of the information supplied by the writer. Click here to submit a Guest Column.

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