Maplewood's residential listings were up by 8%, with a lower average price of $466,646. New listings were down in volume but up in price at $534,92, a 9% increase over last year.
Properties scheduled to close were up at 25 for the month, verses 16 for the same period, last year, with an average price of $525,915. slightly down from last year.
There was a variance of one for the sales for the month of August, with an average price of $578,778 up by 5% over last year.
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Bill specializes in residential and income producing new construction, resales, short sales and foreclosure properties in Union, Essex, Somerset and Middlesex counties.
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I am amazed with all your market reports that the homes that are more expensive have a higher close rate than last year!! THATS GREAT!!
Renee,
Thanks for stopping by. There are areas within the state that is seeing growth in sales. They tend to be the more moderate to upper income communities on the commuter train line to New York City. I am hoping that it remains strong, in light of Citigrpup's announcement to layoff 50,000 worldwide. The financial capital of the world is losing its luster and they could spell further grief for sales in my area.
It's amazing how much sloer the market is in North Jersey as opposed to South or even Central NJ. I mean, the country as a whol is having issues, but the differences even with our tiny state are dramatic.
Regards,
Chris Hallmark