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Maplewood NJ Home Sale Prices, 2008 Year End Market Stats, and State of the real estate market
If you look at the year end stats for Maplewood in 2008, you’ll see that 19 homes closed in December, which is the same amount that closed in April. Inventory is also low right now so there is alot of pent up demand for new listings. I do believe the lowering of the interest rates have alot to do with that. Its interesting to me that there are very few high end listings in Maplewood right now on the market so if you have an upper bracket Maplewood home to sell, you have ZERO competition!
December 2008 Home Sale Prices and Market Stats
MAPLEWOOD
| Address | Original Sale Price | List Price at Sale | Sale Price | DOM | Beds | Baths | Style |
| 66B Meadowbrook Place | $185,000 | $165,000 | $130,000 | 141 | 1 | 1 | OneFloor,TwnIntUn |
| 211 LEXINGTON AVE | $190,000 | $190,000 | $180,000 | 75 | 4 | 1.1 | Colonial |
| 1-9 44TH ST | $259,000 | $259,000 | $245,000 | 63 | 2 | 1.1 | TwnIntUn |
| 85 BOYDEN AVE | $285,000 | $285,000 | $315,000 | 34 | 2 | 2.1 | Colonial |
| 37 HUDSON AVE. | $359,900 | $349,000 | $335,000 | 57 | 4 | 1.1 | Colonial |
| 9 Edgewood Pl. | $459,000 | $409,000 | $405,000 | 92 | 3 | 1.1 | Colonial |
| 13 Burr Road | $450,000 | $425,000 | $403,000 | 94 | 4 | 2.1 | Tudor |
| 45 TUSCAN RD | $429,000 | $429,000 | $400,000 | 35 | 3 | 1.2 | Colonial |
| 28 Collinwood Road | $545,000 | $450,000 | $415,000 | 176 | 3 | 1.1 | Colonial |
| 56 Pierson | $455,000 | $455,000 | $450,000 | 21 | 3 | 1.1 | Colonial |
| 426 Ridgewood Road | $500,000 | $489,000 | $489,000 | 41 | 4 | 1 | Victrian |
| 15 SALTER PL | $588,000 | $525,000 | $505,000 | 54 | 3 | 2 | Colonial |
| 444 RICHMOND AVE | $529,000 | $529,000 | $495,000 | 35 | 5 | 2.1 | Tudor |
| 16 COURTER AVE | $549,000 | $549,000 | $531,000 | 20 | 3 | 2.1 | Colonial |
| 485 RICHMOND AVE | $595,000 | $595,000 | $620,000 | 6 | 4 | 2.1 | Colonial |
| 29 HEADLEY PLACE | $629,000 | $629,000 | $608,000 | 104 | 3 | 2 | Colonial |
| 475 BALDWIN RD | $749,000 | $749,000 | $760,000 | 97 | 6 | 3.1 | Colonial |
| 5 WARNER RD | $839,000 | $775,000 | $750,000 | 153 | 5 | 3.1 | Colonial |
| 21 LEWIS DR | $879,999 | $879,999 | $884,000 | 6 | 5 | 3.2 | Colonial |
AVERAGE DAYS ON MARKET: 71 AVERAGE LISTING PRICE: $425,126
AVERAGE SALE PRICE: $478,056 % SALE PRICE / LIST PRICE: 97%
Maplewood Home sale Trends December 2007 thru December 2008
| desc |
Dec. 2007 |
Jan. |
Feb. |
Mar. |
April |
May |
|
Average Listing Price |
$473,875 |
$476,904
|
$477,558 |
$496,180 |
$511,488 |
$483,033 |
|
Average Sale Price |
$532,750 |
$552,455 |
$413,167 |
$519,033 |
$542,737 |
$466,857 |
|
%Sale Price to List Price Ratio |
97% |
96% |
96% |
98% |
97% |
98% |
|
Days on Market |
47 |
101 |
134 |
76 |
75 |
38 |
|
# of Active Listings |
145 |
149 |
179 |
184 |
203 |
205 |
|
# of Closed Listings |
18 |
11 |
6 |
12 |
19 |
28 |
| desc |
June |
July |
Aug. |
Sept. |
Oct. |
Nov. |
Dec. 2008 |
|
Ave List Price |
$489,722 |
$468,482 |
$476,834
|
$448,845 |
$435,917 |
$442,491 |
$425,126 |
|
Ave Sale Price |
$591,389 |
$533,421 |
$595,273 |
$538,700 |
$489,164 |
$385,545 |
$478,056 |
|
%Sale/List Price Ratio |
97% |
97% |
98% |
99% |
98% |
98% |
97% |
|
DOM |
53 |
56 |
54 |
68 |
119 |
119 |
71 |
|
# Active Listings |
214 |
202 |
178 |
183 |
167 |
167 |
150 |
|
# Closed Listings |
28 |
35 |
32 |
16 |
13 |
13 |
19 |
|
Dec. 08 |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
|
# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$270,980 |
$360,000 |
$0 |
$130,000 |
141 |
79% |
|
2 |
$283,977 |
$250,040 |
$289,000 |
$245,000 |
63 |
95% |
|
3 |
$382,238 |
$393,580 |
$396,838 |
$473,429 |
72 |
96% |
|
4 |
$438,172 |
$479,414 |
$515,200 |
$405,400 |
55 |
99% |
|
5 |
$683,523 |
$490,000 |
$427,667 |
$722,250 |
73 |
98% |
|
TOWN |
$425,126 |
$366,568 |
$430,747 |
$478,056 |
71 |
97% |
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