Welcome back to School! September is always a very busy time of the year - but in the Real Estate World, it really takes a few weeks to ramp up again from the slow summer months.
The following 4 properties went under contract this past week in Basking Ridge. Again, I'm not surprised that there hasn't been more activity given the time of the year. I do predict a little bit of an upswing this month; we'll see if I'm on target.
119 Potomac Drive, Spring Ridge Condo, $249,000, DOM 54
287 Penns Way, Society Hill Townhouse, $298,900,DOM 355
75 Dorchester Drive, Hamilton Crest Townhouse, $539,000, DOM 139
3 Heritage Court, Single Family Home, $1,399,000, DOM 30 (was a relist)
There are an additional 11 properties that are working through attorney review.
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate website for more information on what has sold each month over the past year.
New to the Basking Ridge market are the following 14 properties:
233 Arrowood Way, The Cedars Townhouse, $369,900
8 Brookside Ave, Single Family home, $455,000
31 Cannon Court, Hamilton Ridge Townhouse, $464,900
4 Paine Court, Hamilton Woods Townhouse, $497,000
14 Cedar Street, Single Family Home, $649,000 relist
25 Alder Lane, Single Family Home - The Hills, $649,999
21 Harrison Brood Drive, Single Family home, $699,900 relist
8 Austin Drive, Amherst Mews Townhouse, $719,900
71 Riverside Drive, Single Family Home, $799,000
115 South Alward Ave, Single Family Home, $799,000
84 Queen Anne Drive, Single Family Home - new construction, $1,249,000
28 Fawn Lane, Single Family Home, $1,450,000 relist
164 Liberty Corner Road, Single Family Home, $1,499,000 relist
30 Royal Oak Drive, Single Family Home, $1,999,000
As of this morning there a total of 204 listings showing active in Basking Ridge in the MLS. With 35 going under contract in the last 30 days, Basking Ridge market absorption is 5.8 months -not much different from last week, which again, makes sense given the season. It doesn't always make sense to look at this metric every week; it's the trends that are most important.
Please contact me if you would like more information about what is for sale in Basking Ridge or visit my Basking Ridge website to sign up for listing alerts in and around Basking Ridge.
Comments(1)