10/17/2009 - 10/23/2009
The following 3 properties went under contract this past week in Basking Ridge (a quiet week here in town):
367 Potomac Drive, Spring Ridge condo listed for $252,500
129 Village Dr., Lord Stirling Village Townhouse, listed for $383,000
15 Brentwood Court, Single Family Home, listed for $1,249,000
There are an additional 5 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. One thing that I have noticed recently is that properites are staying in attorney review longer; I have seen listings go from attorney review to under contract and then close in a matter of days after sitting in attorney review for a long time. 22 Colonial Drive and 19 Morrison Street are good examples; they have been in attorney review for WEEKS!
There are 187 properties currently for sale in Basking Ridge.
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 10 properties:
223 Alexandria Way, Spring Ridge condo, $241,000
139 Jamestown Road, Spring Ridge condo, $249,500
124 Smithfield Court, Spring Ridge condo, $289,900
24 Hillside Terrace, single family home, $389,000
107 N Finley Ave, single family home, $419,000
226 Patriot Hill Drive, Patriot Ridge townhouse, $596,900
77 Whitenack Road, relist, single family home, $650,000
57 Huntington Road, single family in the Hills, $769,000
299 Douglas Road, relist single family home, $1,850,000
18 Rockridge Court, New construction, $1,899,000
As of this morning there a total of 187 listings showing active in Basking Ridge in the MLS. With 35 going under contract in the last 30 days, Basking Ridge market absorption is 5.4 months; clearly a stable market.
Please contact me if you would like to discuss my strategy for negotiating contracts in today's real estate market.
Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.
If you are thinking of selling your home, I can provide a free market analysis of its value in today's market.
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