Hi,
Do scroll down to January and February posts check out the stats for other NJ towns and please let me know what you think. Post a comment or question!
Montclair, NJ .... 2006 ...vs... 2007
Number of homes/condos sold .... 448 ...... 401
Average sales price .... $714,037 ...... $711,423
Average sales to list price .... 102% ...... 102%
Average days on the market .... 48 ...... 61
Highest sales price .... $3,650,000 (7 Heller Drive) ...... $3,000,000 (4 Duryea Rd)
Number of homes sold over $1 million .... 63 ...... 66
Number of homes sold over $2 million .... 13 .....8
As you can plainly see, there has not been much shift in the statistics. Yes, the real estate market has slowed ... in some parts much more than others. Always remember that more than anything else, real estate is local. A well-maintained home in a solid town will hold up its value, not only as an investment but as a place to hang your hat and call home!
Location, location, location! Buy smart, work with a smart realtor!
Thursday, March 6, 2008
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