If you are considering purchasing a home in the Middlesex/Somerset County area of New Jersey, below is a top level analysis of the active listings in some of the areas most desireable areas. The listings are separated by the year in which they were listed so you will see that the average listing price originated in 2007 have slightly decreased when compared to those originated in 2006. This is yet a another indication of a softening market.
Middlesex and Somerset County has a variety of homes to choose from and something for just about every buyer when comes to price and location. You can choose from a two bedroom home for as low as $219,000 to luxury homes over $1,000,000. Typically the average home in Middlesex and Somerset County sells anywhere from $400,000 to slightly over $500,000. The New Jersey Average is $345,000.
Orther reports you will want to view are recent sales and Sales to List ratios.
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REMAX PLATINUM I |
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Market Activity Report |
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Active Listing Analysis |
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North Brunswick |
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As of 3/12/2007 |
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Source:Msx.Mlxchange | ||||||
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# of |
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Low |
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High |
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Avg |
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Median |
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Period |
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Listings |
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List Price |
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List Price |
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List Price |
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List Price |
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All Active |
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96 |
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235000 |
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819000 |
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488000 |
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474000 |
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Listed in 2006 |
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43 |
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235000 |
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775000 |
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495000 |
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487000 |
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Listed in 2007 |
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53 |
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240000 |
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819000 |
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482000 |
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469000 |
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Piscataway |
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As of 3/12/2007 |
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Source:Msx.Mlxchange | ||||||
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# of |
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Low |
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High |
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Avg |
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Median |
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Period |
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Listings |
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List Price |
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List Price |
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List Price |
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List Price |
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All Active |
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173 |
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219000 |
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975000 |
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431000 |
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400000 |
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Listed in 2006 |
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72 |
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229000 |
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975000 |
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429000 |
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400000 |
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Listed in 2007 |
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101 |
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219000 |
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799000 |
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432000 |
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400000 |
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South Brunswick |
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As of 3/12/2007 |
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Source:Msx.Mlxchange | ||||||
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# of |
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Low |
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High |
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Avg |
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Median |
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Period |
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Listings |
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List Price |
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List Price |
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List Price |
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List Price |
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All Active |
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126 |
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300000 |
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1400000 |
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612000 |
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555000 |
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Listed in 2006 |
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51 |
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325000 |
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1400000 |
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634000 |
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530000 |
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Listed in 2007 |
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75 |
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300000 |
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1400000 |
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596000 |
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580000 |
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East Brunswick |
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As of 3/12/2007 |
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Source:Msx.Mlxchange | ||||||
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# of |
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Low |
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High |
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Avg |
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Median |
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Period |
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Listings |
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List Price |
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List Price |
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List Price |
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List Price |
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All Active |
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182 |
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275000 |
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2400000 |
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577000 |
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500000 |
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Listed in 2006 |
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77 |
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275000 |
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1700000 |
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616000 |
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515000 |
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Listed in 2007 |
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105 |
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315000 |
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2400000 |
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547000 |
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490000 |
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Franklin Township |
As of 3/12/2007 |
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Source: GSMLS |
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# of |
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Low |
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High |
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Avg |
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Median |
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Period |
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Listings |
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List Price |
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List Price |
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List Price |
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List Price |
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All Active |
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236 |
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250000 |
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2700000 |
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489000 |
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422000 |
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Listed in 2006 |
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82 |
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250000 |
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2700000 |
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533000 |
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420000 |
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Listed in 2007 |
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154 |
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275000 |
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1200000 |
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465000 |
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425000 |
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