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Home Sales Report Morris Township New Jersey
By admin | November 20, 2008
October 2008 Home Sales Report Morris Township New Jersey.
October of 2008 was not a banner month for sales of anything. With the financial crisis home sales suffered as well as car sales, and even retail sales for such things a gasoline food and clothing were down quite a bit. So how were the home sales in Morris Township New Jersey? Actually not that bad, there were 17 home sales in Morris Township for the month as compaired to the same month of 2007 having 20 home sales.
The perception of what is happening is not at all reflecting reality though. Almost every day I talk to one neighbor or another here in the Convent Station section of Morris Township, and almost without fail I hear from them that nothing is selling, that this is not a good time to move. When I tell them, that is not so, they just look at me with doubt. Until I show them the numbers on paper, then they are shocked and usually ask, what about all the news reports. The news reports are all well and good, but they are usually compiling data accross a wide area, if not the whole country. Real estate markets are very local. What is happening in one area is not so dependent on what is happening in another state.
The reality is, this is a great time to sell if you are going to be buying another home to live in. This is especially true if you are moving to places where the real estate markets have been hit much harder than here in Northern New Jersey. Those hard hit real estate markets are not hard to find since New Jersey has been effected to a much smaller degree than many other states.
Here are the actual Morris Township NJ Real Estate sales for October 2008:
Morris Twp. 403 Mt Kemble Ave $355,000LP Colonial 2br 2ba $324,000SP 56DOM
Morris Twp. 82 MILL RD $369,999LP CapeCod 3br 1.1ba $350,000SP 38DOM
Morris Twp. 14 CAROLINE FOSTER COURT $396,900LP TwnIntUn 2br 2.1ba $360,000SP 46DOM
Morris Twp. 27 TIMOTHY CT $409,000LP TwnIntUn 2br 2.1ba $396,000SP 51DOM
Morris Twp. 5 CAROLINE FOSTER COURT $423,000LP TwnIntUn 2br 2.1ba $400,000SP 38DOM
Morris Twp. 17 Irondale $429,900LP Colonial 4br 2.1ba $390,000SP 85DOM
Morris Twp. 57 WILDFLOWER LANE $434,000LP TwnIntUn 2br 2.1ba $412,000SP 30DOM
Morris Twp. 30 Midland Dr. $449,000LP Tudor,SeeRem 3br 1.1ba $445,000SP 90DOM
Morris Twp. 101 Lake Valley Rd. $469,900LP Ranch 3br 2ba $459,500SP 88DOM
Morris Twp. 71 Redner Road $499,900LP TwnIntUn 3br 2.1ba $465,000SP 46DOM
Morris Twp. 25 Raynor Road $524,999LP CapeCod 4br 2ba $495,000SP 94DOM
Morris Twp. 8 Sudberry Drive $539,900LP Colonial 4br 2.1ba $525,000LP 82DOM
Morris Twp. 15 CATALPA RD $624,400LP Ranch 4br 2.1ba $600,000SP 77DOM
Morris Twp. 15 HARWICH ROAD $649,900LP Colonial 4br 2.1ba $640,000SP 2DOM
Morris Twp. 8 ARBOR WAY $674,900LP RanchExp 3br 2ba $649,000SP 21DOM
Morris Twp. 3 VENTOSA DRIVE $775,000LP Colonial 4br 2.1ba $740,000SP 67DOM
Morris Twp. 10 WESTMINSTER PL $1,590,000LP Colonial 5br 4.1ba $1,590,000SP 1DOM
There is something I want to point out in this list of Morris Township NJ home sales. There is not one home up there that had been on the market for 100 days or more. In fact there are quite a number of homes which sold in less than 60 days on the market. Why am I pointing that out? It shows the importance of properly pricing your home. If a home sold in less than 60 days, it is very unlikely the home owner had to do a price reduction, and it is much more likely the home sold within a few percentage points of the first listing price.
Want more information about Morris Township NJ Real Estate? Thinking of buying or selling a home in Morris Township NJ or any of the surrounding towns? Visit my Morris Township NJ MLS Search where you will find every home listed for sale in our local MLS.
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