May Home Sales in Chatham NJ
22 homes closed this past month of May in Chatham Boro and Chatham Twp combined, compared with 19 last year, same period.
Though this is not a huge increase, the trend is up ... year to date, the number of Chatham homes sold this year is 79 vs 46 for last year. Buyer activity is way higher and we are much busier these days than we were, again, last year.
Average home sale pricefor the Chathams is a mixed bag ...
Year to date: $764,750 for Chatham Boro vs $631,523 for same period last year.
Chatham Twp average home sale price year to date: $680,962, vs $890,342 for same period last year.
What does this mean? Well, averages only tell you a small part of the picture. They're useful, but only in context ... basically this is the story with our real estate market right now: home prices are at the bottom and beginning to stabilize. Buyers are actually buying these days, thanks to lower prices and still-low interest rates. But, they are only buying homes they perceive as true value!
More than ever, correct pricing is paramount to getting the most out of your sale. When you hire us to market and sell your home, we study all the components of the market to help you realize the most from the sale of your home.
Chatham Boro home sales in May 2010
ADDRESS SP DOM
77 SUMMIT AVE $285,000 30
11 MYRTLE AVE $450,000 80
44 RED RD $595,000 14
36 LUM AVE $650,000 11
61 WASHINGTON AVE $630,000 7
44 Essex Road $650,000 8
114 CENTER AVENUE $652,000 10
5 PENN TER $675,000 37
66 CHATHAM ST $650,000 35
18 ROSE TER $715,000 210
11 GARDEN PL $827,500 22
Chatham Twp home sales in May 2010
241 RIVEREDGE DR $242,500 20
10 Sentinel Ct $325,000 175
13B HERITAGE DR $325,000 11
19 LONG HILL LN $350,000 9
12 ABERDEEN RD $740,000 20
11 DRIFTWAY $845,000 78
33 OAK HILL RD $1,125,000 57
411 FAIRMOUNT AVE $1,210,000 8
50 Sterling Drive $1,275,000 325
11 RIDGE RD $1,359,500 74
6 COUNTRY CLUB DR $2,150,000 87
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