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6 Months in Millburn NJ Real Estate Sales
By admin | December 25, 2008
First of all Merry Christmas and Happy holidays. I hope that everyone is having a wonderful holiday season. Looks like we managed to have a white holiday after all.
6 Months in Millburn NJ Real Estate Sales
Today I wanted to do a comparison of home sales in Millburn New Jersey. Normally I would do a 12 month verses 12 month but for Millburn New Jersey that is more difficult because of the shear number of homes that actually sell in Millburn each year, so I thought I would do 6 month comparisons. So today we are looking at home sale statistics for 6/25/2007 -12/25/2007 -vs- 6/25/2008 - 12/25/2008.
So here we go,
Millburn NJ home sales (6 month time periods)
146 Millburn NJ homes sold in 2008
171 Millburn NJ homes sold in 2007
14.8% Decline in the number of Millburn homes sold
Average Home List Price in Millburn New Jersey
$1,238,207 Average list price for Millburn NJ Real Estate 2008
$1,383,744 Average list price for Millburn NJ Real Estate 2007
10.6% Decline in the Average Millburn NJ List Prices
Average Home Sold Price in Millburn New Jersey
$1,186,854 Average sold price for Millburn NJ Real Estate 2008
$1,337,511 Average sold price for Millburn NJ Real Estate 2007
11.3% Decline in the Average Millburn NJ Sold Price.
Median Home Listing Price in Millburn New Jersey
$ 975,000 Median listing price for a Millburn NJ Home in 2008
$1,050,000 Median listing price for a Millburn NJ Home in 2007
7.2% Decline in the Median Millburn NJ Home Listing Price.
Median Home Selling Price in Millburn New Jersey
$ 955,000 Median Millburn NJ Home Listing Sold Price 2008
$1,062,000 Median Millburn NJ Home Listing Sold Price 2007
10.1% Decline in Median Millburn NJ Home Sold Price
The average and median home size remained the same for the comparison periods as well as the number of days on market remaining similar with that statistic being 58 days to sell a Millburn NJ home in 2008 -vs- 50 days for a Millburn NJ Home to sell in 2007.
When thinking about purchasing Millburn NJ Real Estate make sure that you are working with a good Real Estate Buyers Agent. It is a common mistake to try to get the best deal on your next home but work with the listing agent. The listing agent for the home has the responsibility to get the best possible deal for the home seller, is that what you really want?
James Boyer
Millburn NJ REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct
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