Now let's take a look at New Providence as well................
New Providence - 3rd Quarter 2007 New Providence - 3rd Quarter 2006
New Listings = 36 New Listings = 43
Under Contract = 20 Under Contract = 16
Sold = 34 Sold = 28
Days on Market = 58 Days on Market = 47
Interest Rate = 6.38% Interest Rate = 6.5%
Average List to Sale Price = 98% Average List to Sale Price = 98%
Average Sales Price = $658,000 Average Sales Price = $673,000
Again, it's taking a little longer to sell - average list to sales price ratio has remained the same - MORE solds and under contracts, and also a lower interest rate. Again, I think our buyers need to hear information like this instead of what the media has been portraying so they can start making bold moves again and sign on the dotted line!
Barbara Mulcahy
RE/MAX Classic Group
908-898-0800
http://www.sellwithmulcahy.com/
BMulcahy@ClassicNJ.com
Serving: Berkeley Heights, Cranford, Mountainside, New Providence, Scotch Plains, Summit, Westfield, Chatham, Long Hill Township, Madison, Basking Ridge, Bedminster, Warren, Watchung, Millburn/Short Hills
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