Hello,
Today the 2006 vs 2007 sales data is for Millburn/Short Hills, NJ. Scroll down if you want this data for other New Jersey towns, or email me to comment to request data for your town (NJ only).

Millburn and Short Hills, NJ Real Estate Sales

Millburn & Short Hills, NJ .... 2006 ...vs... 2007
Number of homes/condos sold .... 286 ...... 305
Average sales price .... $1,280,768 ...... $1,296,641
Median sales price .... $1,035,000 ...... $1,080,000
Average sales to list price .... 97% ...... 97%
Average days on the market .... 61 ...... 62
Highest sales price .... $5,940,000 (44 Montview) ...... $5,600,000 (180 Highland)
Number of homes sold over $1 million .... 139 ...... 158
Number of homes sold over $2 million .... 34 ...... 50
Number of homes sold over $3 million .... 15 ...... 14
Number of homes sold over $4 million .... 5 ...... 7

The luxury home market in New Jersey, especially in Short Hills is healthy. These are strong numbers indicating that affluent buyers who desire a special community, close in to New York City, are still buying. Don't let anyone tell you the market is dead, at least not everywhere.

I'll be hosting our first ever Home Buyer Seminar tomorrow. There is still space so if you'd like to attend call me at 201-960-2090 or email Trish@BestNJhomes.com. Enjoy your weekend!