RSS« Chatham New Jersey Home Sales November 08 | Main | Harding NJ Home Sales November 08 »
Summit New Jersey Home Sales the November 08 Report
By admin | December 10, 2008
This is a little late coming but I wanted to put out for you the November report for the Summit New Jersey Home Sales.
November of 08 was, no surprise, a difficult month for home sales in Summit New Jersey. We had 13 homes sell and transfer to their new owners as compaired to 24 in November of 2007. To be sure, not a good month at all. My guess, and I think that it is a good one is that most if not all of that decline is attributable to the credit crunch as well as all the fears that the general public has when things like this happen.
To be sure, the credit crunch will not last for ever, in fact there are some very good signs out there that it has been easing as the US government does everything possible to stimulate the economy. In fact the US government is working so hard to stimulate the economy that some say that once the economy does start growing again, we may end up with lots of inflation in the economy.
Here are the actual Summit NJ Home Sales for November 08
Summit 417 Morris Ave $339,000LP Townhome 2br 1ba $325,000SP 44DOM
Summit 76 New England $365,000LP Townhome 2br 1.1ba $340,000SP 108DOM
Summit 14 CHAPEL ST $475,000LP Colonial 4br 1.1ba $440,000SP 87DOM
Summit 14 PEARL ST $499,000LP Colonial 4br 1ba $490,000SP 135DOM
Summit 39 BRIANT PARKWAY $569,900LP CapeCod 3br 3ba $559,000SP 50DOM
Summit 7 ASCOT WAY $725,000LP SplitLev 4br 3ba $665,000SP 38DOM
Summit 128 BEEKMAN RD $799,000LP Ranch 4br 3ba $750,000SP 24DOM
Summit 153 Colonial Rd $819,000LP Colonial 3br 2.1ba $805,000SP 15DOM
Summit 130 TULIP ST $934,000LP Colonial 3br 2.2ba $923,500SP 19DOM
Summit 74 DRUID HILL RD $950,000LP Ranch 3br 2ba $850,000SP 77DOM
Summit 311 Summit Ave $965,000LP Colonial 4br 4ba $905,000SP 42DOM
Summit 11 Glendale Rd $4,500,000LP Colonial 6br 6.1ba $4,400,000SP 18DOM
To be sure, the Summit New Jersey Real Estate market will come back. Will it be in 2009, well anything could happen, but I would bet that 2009 will be a better year than 2008 has been, and over all 2008 really has not been a horrible year in Summit NJ Real Estate.
James Boyer
Summit REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct
Summit NJ MLS Listings Site Map
Summit New Jersey Home Sales | Summit New Jersey Real Estate | Summit REALTOR | Summit NJ Real Estate
Category: Summit |
One Response to “Summit New Jersey Home Sales the November 08 Report”
Comments
You must be logged in to post a comment.
December 21st, 2008 at 10:34 pm
I just love Summit New Jersey, but the homes tend to be a little pricey for my budget and since I work further west than Summit, I think it is more sensable to live further west.