I have noticed a bit more movement, overalll in town, in the past month, however, the inventory totals have remained fairly constant over the past few months.
July, 2011 = as of today, in regard to active listings - 37 single family homes/25 condos..............(June 2010 had only 29 single family homes on market)
June, 2011 = 43 single family homes/24 condos
May, 2011 = 44 single family homes/18 condos
April, 2011 = 33 single family homes/24 condos
My office maintains monthly absorption charts, and I'd be happy to share Roseland's with you - (this is data that includes the number of homes activce, under contract, pending, median prices and median days on market).
I know your complex quite well - since the day it was first built. I know a number of your neighbors, and have listed and sold homes there.
The overall issue is, townhome prices are down in ALL communities.
Some who purchased, fo example, the Dogwood model , paid close to, or over, $900,000 by the time they got through with numeorus upgrades.....those prices considerably lowertoday, and it has nothing to do with the sports complex.
I, personally, think your complex has the nicest floorplans in town- (and, no noise from 280 is one major plus).
Your square footage in all 4 models exceeds most of the models in the other 3 complexes in town.
Sometimes the anticipation of something is worse than the reality.
In regard to whether you should sell now, or wait...........I'd say don't just sell because you are fearful of the sports complex. It is what it is.....the knowledge about it is already out there........
If you don't really want to move now.....then don't!
I'd be happy to discss this in more detail.........I have a vested interest in the town, so feel free to reach out to me at your convenience.
Prudential NJ Properties