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Edgewater NJ CONDO Market Activity - December 2011

By
Real Estate Broker/Owner with Power Realty Group, LLC Bergen County, NJ

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 
Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price*
Avg DOM
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Withdrawn 7  $ 5,231,900  $ 747,414       176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*

 

 

 Brian Morgenweck REALTOR & Broker/Owner of Power Realty Group 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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