Here is the recent real estate activity for Society Hill, Basking Ridge, NJ as of September 18,2010.
Currently there are 19 properties for sale in the development. Only 2 properties have gone under contract in the last 30 days, at that rate it will take approximately 9.5 months to sell off the current inventory. A seller's market is when there is less than a 5-6 month supply of homes on the market, and over 7 months of supply makes it a buyer's market. So an almost 10 month supply means that it is a buyer's market in Society Hill so sellers must price competitively!
Below is the breakdown of what is currently Available:
No. Properties Style Price range
9 2 Bedroom 2 Bath Condo $249,000-$264,900
3 2 Bed 2 1/2 bath TH Model 250 $299,900-$349,000
2 2 Bed 2 1/2 bath TH Model 300 $329,000-$330,000
2 3 Bed 2 1/2 bath TH Model 350 $318,900-$319,900
3 3 Bed 2 1/2 bath TH Model 600 $325,000-$364,000
Below is what is currently Under Contract:
1 2 Bedroom 2 bath Condo Asking price - $249,000
1 2 Bed 2 1/2 bath TH Model 250 Asking price - $295,000
Since January 1, 2010:
There have been 22 Sales, ranging from $239,000 for a 2 bedroom 2 bath condo to $320,000 which is the 3 bedroom model 600 townhome (largest).
RENTAL MARKET:
Only one rental is currently available - 2 bedroom 2 bath condo for $1575.
Since January 1, 2010, 19 properties have rented ranging from $1600 for a 2 bedroom 2 bath condo to $2000 for a 3 bedroom model 350 Model.
If you would like additional information regarding the properties listed above or about Society Hill Bernards I & II, please call or email me anytime.
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