Traditional housing market statistics reference the number of homes sold, the number of homes Under Contract and the number of homes Active on the market. But, if you want to know how the market is actually trending, i find the measure of “velocity” as in the number of new listings that have sold, but much more indicative of the market place. So, in digging up the stats since January 1, 2013, here is what I found:
Maplewood had 171 homes listed since the 1st of the year.
Of these 171 homes, 26 have sold and closed at an average price of $510K which is significantly higher than recent months
An additional 75 homes have not only accepted offers, but have also gone through the attorney review process and are officially deemed Under Contract (as listed on the GSMLS) or Sale Pending, as listed on many 3rd party sites.
That leaves us with 69 homes of which 10 actually have accepted offers.
This translates into 60% of the homes having been categorized as Sold or Sale Pending. This is the highest I have ever seen in the past 4 years. It also ties with the highest average price sold over the past 4 years.
So, if you were on the fence about selling your home, I would recommend you consult with a Realtor that can let you know how much your home is worth so that you can determine if the time is right to sell. Obviously the market conditions say YES, but its still your decision!
Selling a Maplewood/South Orange/Millburn/Short Hills area home involves many steps and having an experienced Maplewood New Jersey Real Estate Agent and Realtor®, specializing in the Bedroom Communities of New York City in Essex/Union County— Millburn, Short Hills, Montclair, West Orange, South Orange, Livingston, Maplewood, Springfield, Summit, Madison, Chatham, Scotch Plains, Fanwood, Cranford and Westfield–by your side will make the transaction run a lot smoother. I would love to be your Maplewood/South Orange New Jersey Area Real Estate Professional! I assist both buyers and sellers in the Bedroom Communities of New York City, mostly served by NJ Transit’s Mid-Town Direct Train Lines, offering commutes of 45minute or less to NY Penn Station, with either the purchase and or sale of residential real estate.
As an Accredited Buyer’s Agent (ABR), I have received special training to guide and educate you through the entire home buying process. From start to finish, I listen to your needs and desires in what you would like and take the information you give me to find you home. My GO-TO team can provide you the best in Real Estate advice with regard to attorney choices, Home Inspectors and Mortgage Loan Officers
As your Maplewood/South Orange/Millburn/Short Hills/Essex/Union County New Jersey listing agent I am well versed on as your local expert in all things in the Maplewood and South Orange area Real Estate Market. You can expect personalized service that includes a detailed consultation on how to best position your Mid-Town Direct home to be competitive in today’s market with training to provide my clients with an in-depth Advanced Comparative Market analysis, and advice on staging. As my office’s technology officer as well as both a Zillow Platinum Premier and Trulia Premier agent, I use the latest and most up-to-date marketing methods to get your home in front of as many buyers as possible. Being your New Jersey Real Estate Agent and Realtor ® not only involves just finding the home or selling the home, but being your guide, negotiator, advisor and advocate and making sure that your needs and goals are met. Being your New Jersey Essex/Union County area Realtor® (with a little bit of Morris County thrown in for good measure) is one of my truest passions, and “Helping You Find Your Dream Home” is my number one priority.
There are currently no listings in Maplewood Township but please check out these great listings: