Maplewood NJ 07040 Home Sales Dip First Quarter 2008

Real Estate Agent with Keller Williams of Essex, Union & Morris Counties

The 2008 April home selling market in Maplewood New Jersey is spite of the fact that the first quarter 2008 saw a dramatic drop in the number of homes sold vs. first quarter 2007.

Buyers are ringing our phones and open houses are full.  Full priced offers are made when homes are priced right, BUT we are still seeing low offers on homes the buyers feel are overpriced for the neighborhood.

Maplewood NJ Home Sales

Maplewood NJ only saw a 6% drop in average sale price in the first quarter 2008 ($485,750) vs 2007 ($516,492) which speaks to the continued vibrancy of the town with its close proximity to New York City, the Express Midtown Direct Train into Penn Station (less than 30 minutes) and its wonderful downtown and lovely homes and parks.

Fifteen homes went under contract in as many days since the beginning of April and ten homes have closed...a good sign that Spring has Sprung.

To read the full article please visit New Jersey Real Estate Wire

If you are interested in buying a home in Maplewood New Jersey please do not hesitate to call Perri K. Feldman at 973.650.4727 or email

You can search Maplewood NJ homes for Free with this Garden State MLS Link.


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