Susan Zanzonico's Blog: Chatham NJ Real Estate

 

This home on Linden Lane gets the award for the most expensive home sold in Chatham Township NJ for 2007.  Its a colonial with 8400 square feet, 7 bedrooms, 7.2 bathrooms, 3 fireplaces, 3 car garage and circular drive on three quarters of an acre.

It sold for full price in just 29 days for $3,850,000!

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Chatham NJ was named in 2005 as one of Money Magazine’s top ten places to live in the United States. Chatham is a quieter, quaint town and residents love it.  When they move, its usually from one side of town to the other for a bigger home or to downsize.

Chatham Boro, NJ

                                                            EOY 2006                  EOY 2007

Average Sale Price                                $804,792                    $739,579
Total Homes Sold                                         145                             131
Average Days On The Market                          45                              59

Chatham Boro begins 2008 with 31 homes for sale on the market.  The prices range from $474,900 to $2,490,000.

 Chatham…

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Summit NJ real estate feels no pain! 

This is an interesting view...end of the year 2006 home sale statistics versus 2007.  As you can see, homes in Summit NJ hold their value.  The mid-town direct train line is very powerful indeed.  

                                                          EOY 2006        EOY 2007

Average Sale Price                           $1,017,629       $1,131,531
Total Homes Sold                                    274                    290
Average Days on the Market                     49                      60

I specialize in Summit NJ, Chatham NJ right thru to Morristown NJ.  As a full-time professional realtor who has lived in this area for 25+ years, I know these towns well and would happy to show you… Read Full Post

Well, here I am on Christmas Day night going over some interesting year-end stats and I thought I'd share them with you.  As we near the end of 2007, we currently have 118 homes for sale in Morristown NJ and 132 in Morris Township.  As of today, 169 Morristown homes have sold and 200 Morris Township NJ homes.  Below is a breakdown of average price ranges and days on the market.

Morristown NJ Home Sale Statistics

Average Sale Price  for a 3 bedroom home - $497,090

Average Sale Price for a 4 bedroom home - $502,953

Average Sale Price for a 5 bedroom home - $812,300

Average Overall Sale Price - $456,637

Average Days On The Market - 72

 

Morris Township NJ Home Sale Statistics

Average Sale Price for a 3 bedroom home…

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Many sellers take their homes off the market this time of year due to the holidays and the feeling that shopping for real estate is the last thing on everyone's mind right now.  Here are a few good arguments why now is a good time to have your home listed.

• Buyers house hunting this time of year are more serious.
• Buyers have extra time to shop this time of year as they are very often taking unused vacation time.
• If your home is not even listed, it definitely won't sell.
• If everyone else takes their home off the market due to the holidays, the inventory is reduced....sellers with their homes on the market have a greater exposure and a better chance of a serious buyer seeing and possibly purchasing their home.
• After the holidays…

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