Montclair 2016 Real Estate Results Summed Up As Crazy Hot!!!

By mark-slade January 4, 2017

I cover a wide variety of towns that are under the umbrella as a “bedroom community of nyc” due to its commutation times. I was simply blown away by the results Montclair had for homes sold in 2016.

1. They sold for 103.7% of asking
2. Average price paid jumped almost 10% more to $741,000 from $676,000.
3. Average listing prices also increased about the same amount to $714,000 from $652,000.
4. UNBELIEVABLY, ALMOST 2/3’s of all the homes sold, sold for OVER ASKING PRICE!
5. Another 7% sold at asking, bringing the total of homes sold for asking and above to virtually 75% of the total!
6. Days on Market did increase a full day from 40.8 to 41.8 but that is pretty much a wash considering all that is going on.
7. The only negative statistic was that units sold actually did decrease from 450 to 408, a drop of 9.3%.

If you were a seller, you probably did extremely well in 2016.

Now that a ReVal is about to occur in Montclair, we could see a slight increase in inventory over normal trends that possibly could impact prices paid for homes a bit, but its way to early to tell.

If you would like to know how much your home is worth, simply give me a call at 917-797-5059 for a no-obligation consultation.

Mark Slade
Keller Williams
Good Homes

Selling a Glen Ridge/Montclair/Maplewood/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— Glen Ridge, Montclair, Millburn, Short Hills, 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 Montclair, Glen Ridge, 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. Want to know how we consistently sell our clients’ homes for more $?

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 Glen Ridge, Montclair, Maplewood/South Orange/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.

Mark Slade

Mark Slade on ZillowMark Slade, ABR, Local Expert - Agent with KELLER WILLIAMS Mid-Town Direct RealtyMark Slade reviews

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