Just wanted to give you a snapshot of where we are today, in Mahwah, sales-wise.
We currently have 90 residential homes active on the NJMLS. ( the data is only for single family homes - not condos ) I ran a brief CMA beginning on March 1 and ending today so we can see actual sales, number of days on the market and what percent of asking price the homes sold.
I do this, often, not only for my own information....but I share with my sellers. This info is a valuable way to discuss pricing, market changes, etc., in a factual and less emotional way. The sellers can see, at a glance...that the numbers don't lie. And, the numbers clearly indicate what price point homes are selling at ( or not).
Often, sellers and buyers, get their info from the media and it can be skewed to a specific place outside the sales area or they may go by what friends, neighbors, relatives or even other realtors are telling them.
Always, rely on the numbers...because numbers don't lie...
| Status | # | Average | Minimum | Maximum | Avg DOM |
| Under Contract | : | 15 | $951,775 | $199,000 | $2,375,000 | 100 |
| Sold | : | 25 | $957,660 | $400,000 | $2,150,000 | 89 |
| Total Listings | : | 40 | | Sold properties closed averaging (96.98%) of their final list price (FLP). This reflects a (3.02%) difference between property sale prices and their *FLP's. |
|