South Orange 2008 Year End Home Sale Prices, Stats, and market update

By Sue Adler
Categories: In The News
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If you look at South Orange end of year 2008 home sale stats, you’ll notice that there were 15 closed sales, which is similar to May and July of 2008 – not too shabby consider how the press plays it out! There is very low inventory here in the high end as well so if you’re selling your beautiful estate home in Montrose, Newstead or Upper Wyoming, you have very little competition right now.

SOUTH ORANGE

Address Original Sale Price List Price at Sale Sale Price DOM Beds Baths Style

172 SETON PLACE $329,000 $329,000 $328,000 26 3 2 Colonial

73 Montrose $499,000 $349,000 $335,000 315 4 2.1 SplitLev

310 Meeker Street $400,000 $365,000 $335,500 71 4 1.1 Colonial

80 Roland Ave $395,000 $375,000 $315,000 56 3 2 Victrian

426 TILLOU RD $379,000 $379,000 $350,000 25 2 1 Colonial

31 FAIRVIEW AVE $389,999 $389,999 $350,000 206 6 1 Colonial

520 Centre St $529,900 $499,900 $455,000 145 5 3.1 Colonial

434 PROSPECT ST $519,000 $519,000 $498,000 14 3 1.1 Colonial

122 Rynda Road $569,000 $569,000 $580,000 8 5 2.2 Colonial

39 STONEHILL RD $763,500 $575,000 $500,000 195 5 2.2 Colonial,Custom

120 MAYHEW DR $629,000 $629,000 $615,000 15 4 3 Custom

215 Crest Wood Drive $699,000 $699,000 $670,000 127 4 3.1 Custom

275 Beech Spring Rd. $759,000 $759,000 $763,500 15 5 4.1 Colonial

295 TILLOU RD $949,000 $949,000 $925,000 29 6 4.2 Colonial,Custom

345 Hillside Place $998,000 $998,000 $999,000 24 6 3.2 Colonial

AVERAGE DAYS ON MARKET: 85 AVERAGE LISTING PRICE: $605,693

AVERAGE SALE PRICE: $534,600 % SALE PRICE / LIST PRICE: 96%

South Orange Home Sale Trends December 2007 thru December 2008

desc

Dec.2007

Jan.

Feb.

Mar.

April

May

June

Average Listing Price

$629,888

$629,392

$663,108

$670,564

$680,205

$685,958

$654,148

Average Sale Price

$685,542

$555,375

$671,667

$527,667

$647,732

$572,182

$557,460

%Sale /Ratio

97%

98%

95%

98%

97%

96%

98%

DOM

80

66

81

60

37

48

109

#Active Listings

124

138

152

147

170

171

177

#Closed Listings

11

16

8

12

11

16

20

desc

July

Aug.

Sept.

Oct.

Nov.

Dec.2008

Average Listing Price

$670,046

$680,732

$663,764

$655,885

$627,506

$605,693

Average Sale Price

$609,500

$867,222

$529,896

$539,825

$623,168

$534,600

%Sale Price to List Price Ratio

97%

142%

95%

96%

95%

96%

Days On Market

62

66

64

78

52

85

# of ActiveListings

172

174

177

180

160

136

# of Closed Listings

14

18

17

9

8

15

December 08

Active Listings

New Listings

Under Contract

Sold Listings

Average

SP/LP

# Beds

Avg LP

Avg LP

Avg LP

Avg LP

DOM

%

1

$207,000

$189,000

$0

$0

0

0%

2

$396,882

$374,450

$346,950

$350,000

25

92%

3

$471,885

$354,973

$361,000

$380,333

32

93%

4

$552,954

$712,967

$320,000

$488,875

132

96%

5

$776,943

$659,250

$626,688

$653,214

89

96%

TOWN

$605,693

$562,517

$447,605

$534,600

85

96%

This entry was posted on Friday, January 16th, 2009 at 1:24 pm and is filed under In The News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Address	Original Sale Price	List Price at Sale	Sale Price	DOM	Beds	Baths	Style
172 SETON PLACE	$329,000	$329,000	$328,000	26	3	2	Colonial
73 Montrose	$499,000	$349,000	$335,000	315	4	2.1	SplitLev
310 Meeker Street	$400,000	$365,000	$335,500	71	4	1.1	Colonial
80 Roland Ave	$395,000	$375,000	$315,000	56	3	2	Victrian
426 TILLOU RD	$379,000	$379,000	$350,000	25	2	1	Colonial
31 FAIRVIEW AVE	$389,999	$389,999	$350,000	206	6	1	Colonial
520 Centre St	$529,900	$499,900	$455,000	145	5	3.1	Colonial
434 PROSPECT ST	$519,000	$519,000	$498,000	14	3	1.1	Colonial
122 Rynda Road	$569,000	$569,000	$580,000	8	5	2.2	Colonial
39 STONEHILL RD	$763,500	$575,000	$500,000	195	5	2.2	Colonial,Custom
120 MAYHEW DR	$629,000	$629,000	$615,000	15	4	3	Custom
215 Crest Wood Drive	$699,000	$699,000	$670,000	127	4	3.1	Custom
275 Beech Spring Rd.	$759,000	$759,000	$763,500	15	5	4.1	Colonial
295 TILLOU RD	$949,000	$949,000	$925,000	29	6	4.2	Colonial,Custom
345 Hillside Place	$998,000	$998,000	$999,000	24	6	3.2	Colonial

desc	Dec.2007	Jan.	Feb.	Mar.	April	May	June
Average Listing Price	$629,888	$629,392	$663,108	$670,564	$680,205	$685,958	$654,148
Average Sale Price	$685,542	$555,375	$671,667	$527,667	$647,732	$572,182	$557,460
%Sale /Ratio	97%	98%	95%	98%	97%	96%	98%
DOM	80	66	81	60	37	48	109
#Active Listings	124	138	152	147	170	171	177
#Closed Listings	11	16	8	12	11	16	20

desc	July	Aug.	Sept.	Oct.	Nov.	Dec.2008
Average Listing Price	$670,046	$680,732	$663,764	$655,885	$627,506	$605,693
Average Sale Price	$609,500	$867,222	$529,896	$539,825	$623,168	$534,600
%Sale Price to List Price Ratio	97%	142%	95%	96%	95%	96%
Days On Market	62	66	64	78	52	85
# of ActiveListings	172	174	177	180	160	136
# of Closed Listings	14	18	17	9	8	15

December 08	Active Listings	New Listings	Under Contract	Sold Listings	Average	SP/LP
# Beds	Avg LP	Avg LP	Avg LP	Avg LP	DOM	%
1	$207,000	$189,000	$0	$0	0	0%
2	$396,882	$374,450	$346,950	$350,000	25	92%
3	$471,885	$354,973	$361,000	$380,333	32	93%
4	$552,954	$712,967	$320,000	$488,875	132	96%
5	$776,943	$659,250	$626,688	$653,214	89	96%
TOWN	$605,693	$562,517	$447,605	$534,600	85	96%