Basking Ridge NJ Real Estate Maple Run Townhomes Market Update November 2011
by Bob Zorechak - GRI, ABR, e-PRO
This 64 unit development offers a private and secluded setting consisting of contemporary style townhomes situated primarily in cul-de-sac configurations for maximum privacy. Conveniently located in the northeast corner of Basking Ridge (Bernards Township) and one mile from the center of town, shopping, restaurants, golf, the train and bus to NYC, award winning schools, major commuter highways and much more, the Maple Run Townhomes in Basking Ridge NJ are truly a hidden gem.
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Sales activity at Maple Run has been fairly consistent with (4) units Sold in each of the previous four years (including 2011 through November). As you can see from the spreadsheets below, the Average Sales Price has been steadily declining over that same period, as well with a high of $544,375 in 2008 and $444,750 through the current period of November 2011, however the rate of decline in average sale price for similar type properties is significantly less than that of other nearby towns. There are (2) units currently For Sale with one unit Pending or Under Contract and (4) units that Sold within the past 12 months.
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