Susan Zanzonico's Blog: Summit NJ Real Estate

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

The Otteau Newsletter this month is interesting.  It talks about New Jersey's declining real estate sales...not so bad.  Here is a brief synopsis....

Contract sales reached the lowest level since 2005 in November coming in 18% below the prior month's pace. New Jersey's unsold inventory fell for the 3rd consecutive month reflecting 64,000 homes compared to August's 72,000. The reduced number is not an indication of sales, but actually driven by weak market performance...sellers deferring their selling plans until the Spring and home builders slowing the pace of new construction. 

Home prices are predicted to continue to decline into 2008.  Attention Home Sellers....this strongly indicates that waiting to sell your home is not a good choice if you want to…

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Big news....I have transferred to Keller Williams Realty in Summit, NJ...www.housebeautifulnj.com.  This change is something that I've been researching, investigating and thinking about for quite some time.  Actually, I was ready to make this change two years ago and had a last minute change of heart.  I even went so far as to order my signs and business cards.  Luckily, Keller Williams was nice enough to hang onto my signs and something told me to keep those business cards...I gave one out last night!

Effective December 27, 2007, I am officially a part of the Keller Williams team in Summit, NJ.  I look forward to an exciting year of which I can continue to provide exemplary customer service and advice to my Summit NJ real estate clients.  Best wishes to…

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Lets take a look at the Summit NJ home sale activity.  Right now on Christmas night there are 104 homes for sale in Summit.  Year-to-date, 200 Summit homes have sold.  A breakdown is as follows:

Average Sale Price for 3 bedroom - $683,397

Average Sale Price for 4 bedroom - $1,183,749

Average Sale Price for 5 bedroom - $1,926,776

Average Overall Sale price - $1,147,637

Average Days On The Market - 61

If you have any questions Summit NJ real estate or would interested in seeing similar information on Chatham NJ or Millburn NJ, feel free to contact me on 973-214-5872.  This is a reference for Morristown NJ statistics.  I specialize in real estate buying and selling for homes in the towns along the Midtown direct train…

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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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