Mendham NJ Real Estate Market Update MAY 2014

By
Real Estate Agent with Keller Williams Realty Metropolitan

 

Mendham NJ Real Estate Market Update MAY 2014

by Bob Zorechak - GRI, ABR, e-PRO

 

 

Note: There are two separate reports for MENDHAM - one for the TOWNSHIP and one for the BOROUGH

 

The numbers for MENDHAM TOWNSHIP are mostly down for MAY 2014 with the exception of Pending Sales, which may be a positive indicator for increased sales in the upcoming months as these transactions close:

  • The rolling 12 month sales volume decreased by (10) units or 11% - Last year: May 2012 thru May 2013  (88 homes sold) as compared to the current period: May 2013 thru May 2014 with (78 homes sold).

  • The May year-to-date numbers decreased modestly by (8) units or 24% as compared to last year's year-to-date total (33 homes sold) to the current period with (25 homes sold).

  • The monthly volume for the number of sales occurring last May (8 homes sold) as compared  to this May (4 homes sold) is down sharply by 50% or (4) units.

  • The volume of Pending Sales (Under Contract) as of the last day of May 2014 is at (11) units which is ahead by (3) units or 37% as compared to last year at this same time which was (8) units.

 

Look below to see the individual homes that sold in Mendham Township NJ for the month of MAY in 2014.  Also shown below is a bar graph illustrating the amount of homes that have SOLD Year-to-Date through MAY over the past 5 years, followed by another graph showing a year to year comparison for homes SOLD in in the month of MAY over the same 5 year period.

 

Mendham_Township_NJ_Real_Estate_-_Year_to_Date_Closed_Sales_for_May_2014_Bar_Graph
Year to Year Comparison of Homes SOLD in Mendham Township NJ
YTD through MAY 2010 to 2014

 

 

Follow the link below to read the rest of this report:

 

Mendham NJ Real Estate Market Update MAY 2014

 

 

For more information on Mendham including its excellent school system, follow this link:

 

All you need to know about Mendham NJ

 

 

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This information is provided to you by New Jersey Real Estate Finder

with a commitment to serving both buyers and sellers in select towns

in and around:

 

Somerset County (Bedminster, Basking Ridge, Bernardsville,

Far Hills, Peapack-Gladstone)

 

Morris County (Long Valley, Chester, Mendham,

Morris Township, Morristown, Madison, Chatham)

 

Hunterdon County (Tewksbury, Lebanon Township)

 

 

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Robert “Bob” Zorechak

GRI    ABR   e-PRO   Realtor

 

Mobile: 908.267.2465

eMail: Bob@BobZorechakRealtor.com

 

NewJerseyRealEstateFinder.com

 

 

Keller Williams Realty Metropolitan

55 Madison Avenue

Morristown, New Jersey 07960

Ph: 973-539-1120   Fx: 908-698-0202

 

Helping You Make Good Decisions

 

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All Content & Photography Copyright © 2014 by Bob Zorechak

 

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