Berkeley Real Estate Market ConditionsI continuously monitor local real estate statistics to keep my clients informed and ahead of the real estate trends.  Below you will find Berkeley Heights real estate statistics for the month of April 2007.New homes on the market: 25Number of homes under contract: 12Number of homes closed (sold): 12Number of homes expiring: 1Avg Days on Market: 62Email me to find out the value of your home or if you would like a free list of homes for sale in Berkeley Heights or the surrounding area.  Prepared by:Barbara MulcahyRE/MAX Classic Group908-898-0800www.SellWithMulcahy.com BMulcahy@ClassicNJ.comServing: Berkeley Heights, Cranford, Mountainside, New Providence, Scotch Plains, Summit, Westfield, Chatham, Long Hill Township, Madison, Basking Ridge, Bedminster... 05/05/2007

One of the best ways for sellers to allay potential buyer concerns is to show them that they will get what they are paying for.  Part of any smart home-selling strategy calls for sellers and their agents to anticipate the concerns of potential buyers, primary among which is the concern that they might be purchasing a home with defects.  The best way to defuse this concern is to have the sellers have their home inspected by a professional property inspector prior to placing the house on the market.  This will help uncover problems that were not previously known to the seller, so that they can address them and thereby remove them as  potential obstacles to a sale. 05/04/2007

BERKELEY HEIGHTS -- On Saturday, May 12, letter carriers in the township will be doing more than delivering the mail -- they'll be picking up food along their postal routes in the national "Stamp Out Hunger" food drive to help feed America's hungry.Postal patrons are asked to leave a sturdy bag containing non-perishable foods (no glass jars please) next to their mailboxes prior to the time of regular mail delivery.  When the letter carrier comes by on his or her delivery route, the food will be collected and taken back to the postal station, and the Community FoodBank of New Jersey will pick it up for distribution to charities throughout the summer when food donations often drop off. As reported in   The Independent Press, Wednesday, May 02, 2007 05/03/2007

It is not unusual for first time buyers, especially, to view the house-buying process as a nerve-wracking one. Understandable, some buyers have second thoughts as they review their decisions to buy. "Buyers Remorse" is an emotional response that some people have towards a real estate transaction.  Fore some home-buyers, these feeling are related to the uncertainty that results from relinquishing control.  Other buyers felling of uncertainty are coupled with the fear of making long-term commitments.  Whatever the reason, buyers should address any remorseful feelings they may face.  If you predicated your decision on solid reasoning, it should stand up to scrutiny. 04/28/2007

Just to keep everyone informed, there are now 66 listings active in Berkeley Heights NJ. They range in price from $327,000 up to the $2 Million range. To browse all real estate listings in Berkeley Heights NJ, logon to.  www.TheCarrollConnection.comThe real estate market changes constantly, stay on top of the happenings by checking this blog regularly!Sean Carroll - RealtorRE/MAX Classic GroupBerkeley Heights, NJ 04/27/2007

There are currently 57 single family homes on market for sale in Berkeley Heights NJ. These numbers have remained relatively stable over the past month. Although prices and demand in general have trended lower, Berkeley Heights still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes. However, with so many new listings, I expect days on market to rise for homes that are priced too high.There were 11 properties that closed in March in Berkeley Heights, and the average selling price was $533,272 and the average days on market was 120. (according to Garden State MLS Statistics)Prepared By:Sean Carroll - RealtorRE/MAX Classic GroupServing Cranford, Westfield, ... 04/06/2007

For the 12 month period ending February 28, 2007 as compared to the 12 month period ending August 2006, there are some clear signs that the real estate market in Berkeley Heights, NJ has stabilized considerably. Prices and Inventory have leveled off, as the spring market approaches. Days on market has remained stable, as have the number of listings and list price to sales price ratio.Average Days On Market:12 mos Ending 8/2006: 5212 Mos. Ending 2/2007: 60List Price to Sales Price Ratio:8/2006: 98%2/2007: 97%Total Listings Activated in MLS8/2006: 46022/2007: 4836These figures definitely support a more balanced and normalized real estate market, over the past several months, the amount of buyers and sellers has remained relatively equal. In the coming months, the inventory should rise, an... 03/02/2007

The real estate market in Berkeley Heights, NJ has adjusted in a similar fashion to surrounding towns, with prices easing off historic highs at a rate of about 6-9% from one year ago. Recently though, homes have sold at a faster rate - especially in December. This decline in inventory has made sales more brisk, and the next few months will be critical for the price trend. If inventory remains constant, the prices should remain stable. If inventory rises to mid- 2006 levels again, we can expect the gradual pricing declines to occur.There are currently 54 single family homes on the market for sale. These numbers have stayed relatively stable over the past month, with an equal number of sales and new listings. Although prices and demand in general have trended lower, Berkeley Heights still... 02/13/2007

For the 12 month period ending January 31, 2007 as compared to the 12 month period ending July 2006, there are some clear signs that the real estate market in Berkeley Heights, NJ has continued to correct from record price appreciation, and a polarized seller's market to a moderate buyer's market and flat prices to slight price decline.Average Days On Market:12 mos Ending 7/2006: 7012 Mos. Ending 1/2007:  52List Price to Sales Price Ratio:7/2006: 98%1/2007: 97%Total Listings Activated in MLS7/2006: 9521/2007: 1182Prepared By:Sean Carroll - RealtorRE/MAX Classic GroupServing Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your neighborhood Realtor 02/13/2007

The following homes have closed during the month of November. If you would like more information regarding a particular property, please email me at scarroll@classicnj.com or logonto http://www.GoCarrollTeam.com55 Springfield Ave., List $179,000 Sold $175,000, days on market 601 Cottage Court, List $435,000, Sold $405,000, DOM 34386 Ferndale Drive, List $569,000, Sold $550,000, DOM 2837 Janet Lane, List $569,000, Sold $562,500, DOM 585 Orchard Drive, List $649,500, Sold $635,000, DOM 9971 Orion Road, List $679,900, Sold $639,000, DOM 99138 Cambridge Drive, List $679,900, Sold $650,000, DOM 3147 Greenbrook Road, List $839,900, Sold $790,000, DOM 42390 Longview Ave., List $899,900, Sold $865,000, DOM 4241 Gregory Court, List $949,000, Sold $951,000, DOM 46Average Sales Price $622,250Avera... 12/19/2006

We are in need of donors to give blood 1/3/07 between 10-2:30 at RE/MAX Classic Group, 440 Springfield Avenue, Berkeley Heights.  Call the Office at 908-898-0800 or email at scarroll@classicnj.com  Please contact Sean Carroll for a time when you can come in.  Free teddy bears!  Give the gift of life today.  Let us help you give it.  12/15/2006

Here is your market summary for Berkeley Heights, NJ for the month ending November 30, 2006. Inventory is coming down from our highs of a few months ago, but it is likely due to a slow season, and the true test will come in the Spring when there will be more listings and more buyers. If our inventory climbs into the 90s or 100s again, the prices can be expected to continue to soften for the near term.In November, there were 14 closed sales in the MLS for an average sales price of $632,055 and an average days on market of 75The list to sales price ratio was 95.8%Currently, there are 70 single family homes active for sale in Berkeley Heights. 12/14/2006

Berkeley Heights has seen slower sales activity, and listings are staying on the market an average of 78 days for October, which is higher than some surrounding towns. This can be attributed to higher inventory, fewer buyers, and lower buyer confidence in the housing market. Homes that are priced correctly, are still selling, however, but the homes that are priced even slightly higher than market value, are staying on the market much longer than in some surrounding towns. For the 9 properties that were closed in October in Berkeley Heights, the average selling price was $571,722 and the average days on market was 78.Currently, there are 88 single family properties on the market in Berkeley Heights. About Berkeley Heights, NJBerkeley Heights is a small community located in Union County, ... 11/07/2006