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January '07 vs. January '08 Closed Properties Summit, NJ Area Real Estate Market

By
Real Estate Agent with Lois Schneider Realtor

                # of prop closed   Total value of prop closed   Avg DOM   Avg Sale   Avg Sale/List Price

Summit:

2008                16                    $12,843,000                   45.6      $802,688            97.12

2007                18                    $13,841,400                   70.7      $768,967            95.92

Millburn:

2008                  4                   $2,314,500                      51.0      $578,625            95.08

2007                  5                   $3,182,500                      51.8      $636,500            96.88

Short Hills

2008                  17                 $23,923,000                    53.5      $1,407,235          95.71

2007                  9                   $14,785,000                    74.7      $1,642,778          95.11

Chatham Boro 

2008                  6                   $4,651,500                      47.1      $775,250             98.34

2007                  12                 $10,816,500                     67.6      $901,375             93.88  

Chatham Twp

2008                  11                 $9,694,196                      77.5      $881,291             99.21

2007                  13                 $10,851,500                    48.0      $834,731             97.05 

Madison

2008                    7                 $6,674,900                     61.1       $953,557             93.86

2007                   11                $11,885,000                    64.5     $1,080,455            95.25

New Providence

2008                    5                 $2,782,500                     55.5      $556,500              93.78

2007                    12               $6,499,150                     81.5      $541,596              95.43

Berkeley Hts.

2008                    8                 $4,279,900                     95,9      $534,988              97.93

2007                    10               $4,463,650                     99.8      $446,365              97.16