As we approach the end of the year it’s always a prime time to take a look at some year to date trends in Maplewood, Millburn, Short Hills, South Orange, NJ and surrounding towns. Overall, as predicted 2013 was a great year for real estate with many key indicators moving in a positive direction over last year. Here is a summary of sales price, days on market and units sold comparing last year’s numbers year to date as of Oct. with 2013 and showing the percent change. The asterisks mark the biggest gains– way to go Millburn/Short Hills. In almost every case sales prices are up, days on market is down and units sold is up. If you want to know more about what’s happening in the BEST NJ TOWNS please reach out to me. It’s a great time to buy or sell a home in the Maplewood area.
Allison Ziefert, Realtor, Keller Williams MidTown Direct, Maplewood, NJ www.azhomesnj.com
| Town | 2012 Oct. YTD Average | 2013 Oct. YTD Average | % Change | |||
| Maplewood | SP | $479,830.00 | $495,949.00 | 3.36% | ||
| DOM | 63 | 53 | -15.87% | |||
| Units Sold | 214 | 275 | 28.50% | |||
| Millburn | SP | $607,658.00 | $652,355.00 | 7.36% | ||
| DOM | 52 | 31 | -40.38% | * | ||
| Units Sold | 52 | 75 | 44.23% | * | ||
| Short Hills | SP | $1,390,386.00 | $1,656,521.00 | 19.14% | * | |
| DOM | 57 | 65 | 14.04% | |||
| Units Sold | 162 | 200 | 23.46% | |||
| Summit | SP | $926,475.00 | $966,986.00 | 4.37% | ||
| DOM | 58 | 53 | -8.62% | |||
| Units Sold | 220 | 251 | 14.09% | |||
| West Orange | SP | $336,918.00 | $360,373.00 | 6.96% | ||
| DOM | 94 | 85 | -9.57% | |||
| Units Sold | 354 | 446 | 25.99% | |||
| South Orange | SP | $501,029.00 | $538,173.00 | 7.41% | ||
| DOM | 69 | 62 | -10.14% | |||
| Units Sold | 154 | 196 | 27.27% | |||
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