What sold this week in Basking Ridge, NJ and what is new to the market?

7/17/09 - 7/24/09

7 properties went under contract this past week in Basking Ridge.  That means offers were negotiated, attorney review was completed and inspections are underway on the following properties:

13 Potomac Drive was listed for $220,000
202 Irving Place was listed for $259,900
9 Potomac Drive was listed for $324,000
116 Countryside Drive was listed for $374,000
76 Patriot Hill Drive was listed for $619,000
7 Wolf Lane was listed for $1,375,000
36 High Meadow Lane was listed for $1,739,000

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 by month.

New to the Basking Ridge market are the following 9 properties (note that some of these have been available for quite some time but have been relisted):

119 Potomac Drive listed for $249,000 (already in attorney review)
105 Jamestown Road listed for $284,900
51 Aspen Drive listed for $499,000
297 S. Finley Ave listed for $569,000
11 Fairbanks Lane listed for $575,000
15 Canter Drive listed for$735,000 (had been For Sale by Owner)
2 Sentinel Drive listed for $812,000
45 Dickinson listed for  $848,000
95 Manchester Dr.  $849,999

As of this afternoon, there are a total of 234 listings showing active in Basking Ridge in the MLS.  With 35 going under contract in the last 30 days, Basking Ridge market absorption is 6.7 months.

Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge website to sign up for listing alerts in and around Basking Ridge.