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Erin Meyler-Taffin's Blog

By Erin Meyler-Taffin | Agent in 07760

Home Sales for Rumson 2012

Its that time of year when we look back over the numbers to see how far we come from last season. So for Rumson in this last hurrah of December there are 18 single family homes in contract for sale-of which the low is $329,999 and the highest is $3,750,000 with an average days on market for these UC homes of 116 days. The average price of a median home under contract is $1,500,972 at $358,58 per sq ft.
This year of 2102 has produced 101 sales of single family homes with the low of $295,000 and a hig sale price of $4,090,000! The average days on market was 111 and yielded $360.50 per square ft. 
So what does it all mean? Well 2011 yielded 101 closed sales with a whopper high sale of $12,000,000 for a single home! That sale alone has skewed the statistics as far as price per sqare foot and brought up the av home sale to $1,455,749 but what is interesting are the days on market in 2011 at 95 days on average to get it listed and sold.

Mortgage processing has definately had an impact on the market lengthening the total process and filtering those serious buyers as well as trying everyone's patience in the industry. 

Quick Wrap Up-Rumson Home Sales are on the Rise as well as the Home Sale PRICES! While mortgage rates are still at an all time low why not take a look in the best Town on the Jersey Shore? I am a member of the Heritage House Sotheby's International Realty Team and I am here to help as your area specialist.

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