Summit, NJ Real Estate Update - 1st Qtr 2010
Summit NJ is one of the wealthiest cities in the United States based on IRS figures for Adjusted Gross Income. Still, Summit can be relatively affordable for many in the New York Metropolitan area.
In the first quarter of 2010, there were 28 sales with an average price of $703,443. This represents that Summit has 7 months of inventory of homes for sale.
There are currently 127 homes for sale in Summit NJ ranging in price from $189,100 for a 2 bedroom, 2 bath bank owned foreclosure home to $6,995,000 fro a magnificent turn-of-the-century 17 room mansion on over 1 acre on Hillcrest Avenue. Over 50% of these listings are under $1,000,000, the average price is $1,207,270 and the median price is $749,000.
Summit homes and condos under $500,000
Summit homes and condos $500,000 to $750,000
Fine Summit homes $750,000 to $1million
Fine Summit NJ homes $1 to $2 million
Luxury Summit NJ Homes $2 million and up
Today there are 33 Open Houses in Summit NJ! Go check them out or call/text 201-960-2090 for a private appointment.
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