27 contract sales since March 1st â€“ TWENTY-SEVEN â€“ who says the buyers arenâ€™t out there?Â Four of these sales were under $200,000 (who would have thought weâ€™d have inventory that lowÂ in Basking Ridge?Â See, you can get a one bedroom condo here in town!).Â Six of these sales were between $200,000 and $400,000; seven between $400,000 and $500,000.Â There were eight sales between $600,000 and $1m and two over $1m.Â Maybe you are ready to buy the next Basking Ridge home?Â Search homes for sale in Basking Ridge.Â This sameÂ time periodÂ last year saw 24 contract sales â€“ not much differentâ€¦
There have been thirteen closed sales in townÂ since March 1st; including my listing at 36 Kensington Road which closed for $820,000 last Friday.
There have been SIXTY-FOUR new listings in Basking Ridge since March 1st, EIGHT of which are already in attorney review or under contract (with another one being negotiated, so thatâ€™s really nine!).Â This time last year, there had been only forty-three new listings (two of which are STILL available!).
Market Absorption is 5.6 months across all price points.Â Contact me if youâ€™d like that information to be broken down by price point or specific community.
I will be listing a four bedroom, 2.5 bath colonial on an acre in the next month or two.Â List price $700,000; please call me if you are interested in a pre-market preview.