Edgewater NJ CONDO Market Activity - December 2011
How's the condo market in Edgewater? This report is exclusively for Edgewater condos & townhouses for the month of December.
Market reports aren't the most exciting reading, but they do contain important information that serious buyers & sellers should know. Connect with me if you'd like to get into the #'s a bit deeper. I'll try & make it fun! If you'd like a list of the recently sold condos in your area or would like to know what your condo should sell for in today's market, just ask me.
There were 9 condos SOLD in December with an average list price of $474,433 and an average sold price of $425,800.
The average sold price as a percentage of original list being 89.75%.
The average days on market was 110 days. This is the # of days from the original listing date until a home is reported under contract.
17 new listings were posted during December. The total # of currently active Edgewater condos for sale is 109.
There's been a 23% drop in the active condo inventory level in Edgewater since the end of September. This could be somewhat due to a "seasonal" market or possibly be indicative of a turn-around, so it's certainly worth noting.
It also supports my opinion that listing a house or condo for sale in the winter months is a plus for sellers due to less competition for serious potential buyers for their homes!
Listing Status | Total | Total List/Sale Dollars | Price |
Price |
Price |
List Price* |
|
Sold | 9 | $ 3,832,200 | $ 474,433 | $ 425,800 | $ 395,000 | 89.749 | 110 |
Co-Broker | 6 | $ 2,805,000 | $ 517,817 | $ 467,500 | $ 440,000 | 90.283 | 128 |
List/Sold | 3 | $ 1,027,200 | $ 387,667 | $ 342,400 | $ 185,500 | 88.323 | 73 |
New | 17 | $ 10,029,700 | $ 589,982 | ||||
Under Contract | 12 | $ 8,412,000 | $ 701,000 | 206 | |||
Withdrawn | 7 | $ 5,231,900 | $ 747,414 | 176 | |||
Expired | 16 | $ 10,858,900 | $ 678,681 | 262 | |||
Back on Market | 2 | $ 2,038,000 | $ 1,019,000 | 179 | |||
Extended | 9 | $ 6,781,000 | $ 753,444 | 245 | |||
Current Active | 109 | $ 66,431,375 | $ 609,462 |
Information deemed reliable but not guaranteed. 1/17/2012 NJMLS, Inc.
Click the link to see Edgewater Condos & Townhouses for Sale.
If you're thinking about selling your condo and want the best results,
visit Jersey Condo Scene
and enjoy these short, informative videos & articles
What's Most Important to Today's Sellers *VIDEO*
Was Your Condo Listed and It Expired Un-Sold? READ THIS!
Introducing "Pearls of Wisdom for Home Sellers" *VIDEO*
I'm Brian Morgenweck, Broker/Owner of
Power Realty Group. If you have any
questions, just call me at
(201)489-3020 or connect w/me at
Brian@TheJerseyScene.com or
@BrianMorgenweck on Twitter.
Information leads to knowledge. Knowledge (with action) creates Power.
Edgewater NJ CONDO Market Activity - December 2011
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