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Basking Ridge Market Activity

By
Real Estate Agent with Berkshire Hathaway HomeServices NJ Properties

8/15/09-8/21/09

The following 9 properties went under contract this past week in Basking Ridge (this is almost DOUBLE the number of properties from the week before!):

149 Potomac Drive listed for $212,500, DOM 38
121 Alexandria Way listed for $239,000, DOM 139
261 Penns Way listed for $325,000, DOM 19
67 Countryside Drive listed for $349,900, DOM, 13
51 E. Oak Street listed for $465,000, DOM 10
24 Princeton Court listed for $747,000, DOM 127
6 Honeyman Road listed for $765,000, DOM 20
11 Linden Drive listed for $798,000, DOM 67
20 Shannon Hill Road listed for $965,000, DOM 47

There are an additional 18 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 7 properties (note that many of these have been available for quite some time but have been relisted):

2406 Privet Way, $269,000 - Townhouse
102 Woodward Lane, $272,000 - Condo
36 Hill Top Rd, $450,000 - Single Family Home
45 Madisonville Rd, $470,000 - Single Family Home (relist)
22 Mayflower Drive, $523,900 - Townhouse
49 Haas Road, $839,900 - Single Family Home
40 Van Holten, $1,295,000 - Single Family Home (relist)

As of this morning there a total of 211 listings showing active in Basking Ridge in the MLS. With 35 going under contract in the last 30 days, Basking Ridge market absorption is 6.03 months (down from last week which was 6.5 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.

Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Thanks for sharing your local market update this morning.

Aug 24, 2009 01:12 AM