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Summit, NJ Real Estate Sales

Summit, NJ .... 2006 ...vs... 2007
Number of homes/condos sold .... 274 ...... 290
Average sales price .... $1,017,629 ...... $1,131,531
Median sales price .... $820,000 ...... $890,000
Average sales to list price .... 101% ...... 98%
Average days on the market .... 51 ...... 59
Highest sales price .... $3,800,000 (80 Whittredge) ...... $6,100,000 (24 Fernwood)
Number of homes sold over $1 million .... 95 ...... 125
Number of homes sold over $2 million .... 23 ...... 32
Number of homes sold over $3 million .... 6 ...... 9


Summit, NJ also has top-notch schools, a very favorable commute to NYC with express MidtownDirect trains, significant resources for families and a delightful downtown with casual and fine restaurants and shops. These are things people value and will pay for.

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