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« Morristown NJ Home Sales December 2008 | Main | Chatham NJ Home Sales December 08 »

Summit NJ home sales December 08

By admin | January 2, 2009

Happy New Year Summit New Jersey.

Good ridden to 2008.  The last half of 2008 was not all that friendly for Summit NJ home sales.  In December there were only 13 homes sold as compaired to 20 Summit NJ homes sold in 2007.  To be sure the credit crunch had a lot to do with the decline in the number of homes sold and this only adds the the pent up demand which will eventually be released.

Summit NJ real estate will remain a desireable commodity into the future. 

There are just too many advantages built into the city that many of the surrounding towns don’t have.  Advantages such as top rated schools, a wonderful downtown, direct train service to NYC, proximity to the Short Hills mall, easy access to Interstate 78 and Hwy 24…

Summit NJ home sales December 08

Summit 67  RIVER RD  $310,000LP  FixrUppr 3br 2ba $280,000SP  53DOM
Summit 31  WEST END AVE  $524,900LP  Colonial 3br 1.1ba $485,000SP  42DOM
Summit 53  MADISON AVE  $589,900LP  Colonial 3br 1.1ba $589,900SP  16DOM
Summit 32  ASHLAND ROAD  $619,000LP  Tudor 3br 1.2ba $587,000SP  36DOM
Summit 145  Colonial Road  $685,000LP  Colonial 3br 1.1ba $685,000SP  5DOM
Summit 36  Madison Avenue  $689,000LP  Colonial 3br 2.1ba $600,000SP  70DOM
Summit 171  Ashland Road  $849,000LP  Colonial 4br 2.1ba $849,000SP  10DOM
Summit 23  WALDRON AVENUE  $849,000LP  Colonial 4br 3ba $840,000SP  19DOM
Summit 65  OAK RIDGE AVENUE  $1,195,000LP  Colonial 4br 2.1ba $1,025,000SP  18DOM
Summit  9  Sweetbriar Road  $1,220,000LP  Colonial 4br 2.1ba $1,085,000SP  161DOM
Summit 30  JOANNA WAY  $1,325,000LP  Colonial 5br 2.2ba $1,225,000SP  136DOM
Summit 58  Valley View Avenue  $1,495,000LP  Tudor 4br 3ba $1,436,300SP  78DOM
Summit 79  VALLEY VIEW AVE  $1,500,000LP  Colonial 4br 3ba $1,200,000SP  185DOM

To be sure homes are still selling in Summit New Jersey.  As long as the home is priced right, the home owner has taken the steps to make the home show well, and hired a Summit NJ Realtor who has the capability to reach the home buyers where they are searching, Summit NJ homes sell fairly fast and for good prices.

James Boyer
Summit NJ Realtor
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct

Summit NJ real estate | Summit NJ home sales | Summit NJ Realtor | Summit New Jersey

Category: Summit |

One Response to “Summit NJ home sales December 08”

  1. Real Estate Bubble in Northern New Jersey, the Summit NJ Stats Don't Reflect It | Morristown, Chatham, Summit, and Madison NJ Real Estate Says:
    January 21st, 2009 at 4:18 pm

    [...] you look at the median Summit NJ home sales price it appreciated about 71% from 1999 through 2006, and in 2008 the median Summit NJ home sold [...]

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