Maplewood, New Jersey's Single Family Home Report for December 2010 illustrated how the month of December, was yet another good month for home owners seeking to sell. For the final month of the year, there were only 150 single family properties for sale in the township. 12 of the properties represented new listings during the month, with 138 carried over from the prior month. For the 150 listings, the average list price was $436,129. However, the 12 new listings had an average list price of $430,983, representing a 1% reduction over the total number of listings for the month. This demonstrates tight price points between exiting listings and those coming to the market anew.
For the month even slightly more properties were sold in comparison to those listed. 14 properties, averaging 77 days on the market, went under contract with and average list price of $437,529. Consumers who made offers on Maplewood township properties in December, chose properties that were listed justly slightly 1% above the average list. Clearly, the trend is demonstrates solid pricing for properties in Maplewood, even as we settle into the winter season.
The 17 sales for the month were greater than the number that went under contract for the month, with an average sales price of $417,288. These properties were on the market for approximately 61 days before receiving an offer and selling at 94% of the list price.
The Maplewood,New Jersey's Single Family Home Report for December 2010, demonstrates solid pricing and good value. That's why the property in the photo listed at $229,900 represents an extraordinary value in Maplewood.