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Don Hansen

Mother/Daughter Ranch

10-15-09
Don Hansen


76 Rolling Hill Drive

Mother/Daughter Ranch
Millington, NJ 07946

Price : $629,000
Bedrooms : 5
Bathrooms : 3.1
Lot Size : 30,492 sq.ft.
County : Morris
Property Type : Detached
MLS Number : 2685184



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Property Description
Expanded ranch with lower level in-law or au-pair suite. Main floor offers living room, dining room, family room, updated kitchen with granite counter and cherry cabinets, 4/5 bedrooms and 2 1/2 baths. Deck off family room overlooks private fenced rear yard. 3- car garage. Close to NYC trains, major highways, schools and shopping. Also available for rent at $3450/month.
Century 21 New Beginnings Realty : Gillette NJ 07933 : 908-647-2000


Estate Lot Basking Ridge- New Listing

04-29-09
Don Hansen


60 Annin Road

Estate Lot
Basking Ridge, NJ 07920

Price : $799,900
Bedrooms : 2
Bathrooms : 1
Lot Size : 180,000
County : Somerset
Property Type : Detached
MLS Number : 2675578



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Property Description
4.26 acre lot with public sewer to existing house. Ideal place for homes of your dreams.
Century 21 New Beginnings Realty : Gillette NJ 07933 : 908-647-2000


Basking Ridge January 2009 Residential Market Stats with Comparison to Previous Years

02-03-09
Don Hansen

Bernards Township(Basking Ridge) Residential House Stats

Mon/Yr

Active Listings

New Listings

#

Avg. LP

Med. LP

#

Avg. LP

Med. LP

Jan,2009

219

$846,699

$679,900

51

$706,210

$598,000

Jan,2008

219

$956,831

$699,000

56

$836,559

$639,000

Jan,2007

271

$933,513

$659,000

76

$847,976

$559,900

Jan,2006

218

$915,265

$685,000

75

$844,832

$699,000

Jan,2005

179

$865,467

$622,500

71

$684,083

$569,000

Jan,2004

177

$853,807

$595,000

67

$652,636

$520,000

Under Contract

Sold Listings

#

Avg. LP

Med. LP

Avg.

#

Avg. SP

Med. SP

Avg.

SP/LP

DOM

DOM

Jan,2009

14

$536,250

$379,900

118

11

$671,850

$369,000

72

94%

Jan,2008

15

$611,560

$385,000

107

14

$551,335

$440,000

72

95%

Jan,2007

36

$606,914

$434,900

80

31

$629,855

$525,000

101

96%

Jan,2006

25

$681,092

$594,900

73

25

$681,796

$630,000

51

99%

Jan,2005

55

$679,922

$549,900

50

40

$581,804

$510,000

49

98%

Jan,2004

46

$612,894

$519,000

48

39

$551,690

$471,010

51

99%

The market in January is not significantly different than the same time last year. Overall the price of homes has held up fairly well compared to national and even statewide averages. The amount of unsold inventory is not historically high nor is the market being flooded with new listings. However consumer confidence and a suspect job market are keeping more buyers from making a decision. This bears out in the decrease of under contract and sold homes compared to previous years. With interest rates low and with a chance of going even lower, this may be the time for buyers to take advantage of the lowered prices and the choice of homes to get a good value going forward. Sellers need to keep aware that price and condition play an even more prominent role in this market due to the buyer's current state of mind. Contact me for further details on this and any of the surrounding towns.