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Morristown NJ real estate sales March 2009
By admin | April 1, 2009
Happy April Fools Day.
Not going to fool around in this Morristown NJ real estate update though. Just going to give you the facts and a little commentary about what is going on, but first the facts.
Morristown NJ real estate sales for March
Morristown 14A Cobb Place $345,000LP HalfDupl 2BR 1.1BA $325,000SP 26DOM
Morristown 7 PROSPECT ST. $375,000LP OneFloor, 1BR 1BA $335,000SP 344DOM
Morristown 51 Taft Lane $439,000LP TwnIntUn, 2BR 2.1BA $415,000SP 27DOM
Morristown 14 TAFT LN $449,900LP TwnIntUn, 2BR 2.1BA $415,000SP 21DOM
Morristown 22 Franklin PL $519,000LP TwnEndUn 4BR 2BA $475,000SP 38DOM
Morristown 2 TIFFANY RD $549,900LP Colonial 4BR 2.1BA $535,000SP 184DOM
So there were 6 homes which sold in Morristown NJ 07960 during the month of March 2009. Not a wonderful sign for the rest of the 2009 spring real estate market here in town. To be sure there are some very good deals to be had in town, and if you are a seller who takes the right approach to selling your home from the start it can still happen and bring you a fair selling price.
Morristown NJ home sales commentary
7 Prospect St. was yet another of the Vail Commons new construction condos closing. This is a semi luxury high rise style condominium building located just off of Morristown’s Speedwell Ave. All in all a nice building.
51 Taft Ln. & 14 Taft Ln. are semi luxury town homes located in the Morris Place community just a short walk from the Morristown train station and Morristown’s desireable downtown. The larger Morris Place town homes seem to currently be selling from 400K to about 420K now, and the smaller units at Morris Place seem to be selling more like 370K to 390K.
22 Franklin Pl. is a 1987 construction townhouse / duplex located in the Franklin Corners neighborhood of Morristown, Just off South Street, walking distance to the train station, all of downtown Morristown, as well as to Morristown Memorial Hospital.
2 Tiffany Rd. Is a 1984 construction standard colonial located in Morristown’s Washington Headquarters neighborhood. This home was first listed at $689,900 and finally sold after they reduced the price to$549,900. This is the classic pricing mistake that home sellers are making, and it is costing them huge amounts in the current real estate environment. In my opinion, if this home seller had just priced their home at $580,000 to start with, the home likely would have sold much sooner and for more money, but that is just my experienced opinion.
James Boyer
Morristown NJ Realtor
Morristown NJ Real Estate Expert
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct
Category: Morristown |
2 Responses to “Morristown NJ real estate sales March 2009”
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April 2nd, 2009 at 6:39 am
It’s interesting what you posted about one of these homes in Morristown. I went on a listing appointment and wasn’t chosen since I’m new to town, but my price was accurate. Just goes to show that pricing a home correctly is a technique that doesn’t require you to have been a realtor in a town for a long period of time. But congratulations to the listing agent that she got this property sold as it’s on a busy street and her video tour showed the house in such a great light.
April 10th, 2009 at 6:11 pm
You have a very nice blog and I greatly enjoy reading your market reports, thanks sharing your sales for March! Are you noticing trends in what homes are selling more quickly?