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Claudia Marrone's Blog

By Claudia Marrone | Agent in 08876

Snapshot view of the current status of the Branchburg NJ Real Estate Market

Happy New Year!!  This blog will provide you with up-to-date information pertaining to the Branchburg NJ real estate market. 

Total number of homes available for sale in Branchburg NJ: 59

Average List Price of those 59 homes in Branchburg, NJ: $457,054 with an average of 3 Bedrooms, 2 Full Baths, 1 Half Bath and a 2 Car Garage

Average Days on the Market: 126 days

Total number of homes that are currently Under Contract: 22

Average List Price of those 22 homes: $432,545 with an average of 4 Bedrooms, and 2 Full Baths, 1 Half Bath and a 2 Car Garage

In the last 30 days, the total number of homes that have gone Under Contract: 12

Given the last fact, the current absorption rate for Branchburg, NJ is: 5 months

In the last 30 days, the total number of homes that have Sold: 6

For the 5 homes, the average List Price was: $398,550 vs Average Sold Price of: $369,103

The difference between the List Price and the Sold Price is approximately 7%

Average Days on the Market for the sold homes was: 154days

With an absorption rate of 5 months, I would say that if you are looking to sell your home in Branchburg, that you should it do it now.  Take advantage of the market.  For those that are looking to buy a home in Branchburg, now is the time to do so, before prices start to change. 

If you are a seller and need a CMA for your home, I’d be more than happy to provide you with one. If you are a buyer and want to discuss your options, call or email me.

Claudia Marrone is a top Re/Max real estate agent with a successful track record.

Claudia Marrone
Realtor, Associate
NJAR Circle of Excellence 2011
Re/Max Classic Group
O: 908-393-8143
C: 908-304-4520

Source: GSMLS as January 10,2013

 

Comments

By Torang | Save $10,000's,  Mon Jan 14 2013, 11:34
Great Post ! Thanks for sharing.

Torang

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