Jennifer Blanchard

11/28/2009 - 11/04/2009

There was only one sale in Bedminster, NJ last week:

58 Birchwood Road, Birchwood townhouse, LP $259,000

There is only one additional property working through attorney review which means they have accepted an offer and lawyers are working through the contract details.

Please contact me if you would like more information about any of these Bedminster homes or visit my Bedminster real estate site for more information on what has sold by month over the past year.

New to the Bedminster market are the following properties:

84 Sage Ct, Pinvale condo $264,000
24 Wescott Rd, Wynnewood condo $279,000
50 Morgan Ct, Signal Point condo $297,000
32 Pheasant Brook Ct, Wood Duck Pond condo $299,000
23 Birchwood Rd, Birchwood condo $330,000
47 Heatherwood Ln, Four Oaks townhouse $425,000

As of this evening there a total of 69 listings showing active in Bedminster in the MLS. With 15 going under contract in the last 30 days, Bedminster market absorption is 4.6 months; a typical fluctuation for this time in the season. This is still great news for sellers in Bedminster!

Visit my Bedminster website to search townhomes for sale in Bedminster, NJ and surrounding areas. You can also search for Bedminster Luxury Properties or for single family homes for sale.

If you are thinking of moving, I can provide a free market analysis of your home's value in today's market.

« Home Sales Data

11/28/2009 - 12/04/2009

Same as last week there were only TWO sales here in Basking Ridge:

17 Clark Court, The Hamiltons townhouse , LP $469,999
117 Cross Road, Single Family Home, LP$565,000

There are an additional 12 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. Only 11 show as being in Attorney Review - I have a deal at the attorneys but the listing agent has chosen not to mark the property as such. This is a good time for me to remind you that the data I report is only as accurate as what is in the MLS, or what I can add from personal involvement in any deal.

Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate site for more information on what has sold by month over the past year.

New to the Basking Ridge market are the following 20 properties. Before you say, "WOW, why are so many people listing their homes NOW, let me explain that many of these are relists. There has been some restructuring of several firms here in town. Coldwell Banker has absorbed Burgdorff and several Burgdorff agents had their clients pull their listings off the market until they figured out where they were going to hang their license. Some of these issues have been resolved and the homes are now back on the market. As always, I have marked the relists.

234 Irving Pl, Society Hill condo $252,000
17 Baldwin Ct, Society Hill condo $265,000
59 Sycamore Ct, The Cedars townhouse $340,000
35 Cannon Ct, The Hamiltons townhouse $539,000
141 Lake Rd, Single Family home $549,900
22 Lexington Rd, Single Family home, estate sale, $559,000
204 West Oak Street, Single Family home, relist,$560,000
20 Granville Way, Single Family home $815,000
1 Barton Way, Amherst Mews townhouse $829,900
222 Childs Road, Single Family home $917,000
104 Tuxford Terrace, Single Family home, relist, $965,000
84 Blackburn Road, Single Family home $1,099,000
28 Canterbury Way, Single Family home, relist, $1,224,900
39 Melbourne Way, Single Family home $1,250,000
322 S Finley Ave, Single Family home $1,299,900
147 Liberty Corner Road, Single Family home $1,725,000
1O Belmont Court, Single Family, new construction, relist, $1,949,000
7 Tall Timber Lane, Single Family, new construction, relist, $2,189,000
19 Tall Timber Lane, Single Family, new construction, relist, $2,669,000
40 Colts Glen Lane, Single Family, relist, $3,475,000

As of this evening there a total of 164 listings showing active in Basking Ridge in the MLS. With 21 going under contract in the last 30 days, Basking Ridge market absorption is 7.8 months. A one month difference from last week - due mostly the "new" listings appearing as an increase in inventory. This is why I don't like to track Market Absorption every week, I prefer to look at the trends.

Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.

If you are thinking of moving, I can provide a free market analysis of your home's value in today's market.

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I am working on a market analysis for a listing appointment scheduled for Wednesday night. The property is a lovely expanded bi-level with over 3000 square feet of living space. Updated bathrooms and a kitchen with a very recent face lift - I am looking forward to getting it on the market! Here is some of the analysis I have done so far.

Bernardsville, NJ Market Snapshot

5 properties under contract since 10/30/2009

1. 9 Sunset Dr $399,900, Ranch
2. 71 Anderson Hill Rd. $449,900, Cape Cod
3. 26 Essex Ave $479,000, Ranch
4. 33 Timber Rock Trl $859,000, Colonial
5. 8 Harvey Drive $923,000, Colonial

88 properties available (as of 11/30)

Overall Market Absorption: 17.6 months

Adjusted Market Absorption: eliminating luxury properties (over $1M): 39 available, 5 under contract = 7.8 months of inventory - not such a bad outlook.

What's available?

• 15% of the inventory is listed under $500,000 (13/3=4.3 months)
• 30% of the inventory is listed between $500,000 and $1,000,000 (27/2=13.5 months)
• 55% of the inventory is listed over $1M (can't calculate)

Properties Comparable to this new listing:

Available:

Sold:

Stay tuned for more information about the property and it's list price!!

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11/21/2009 - 11/27/2009

I am back from a long weekend spent with family; hoping that my readers have enjoyed their long weekend as much as I did! I think that most buyers were also spending time with family - as there were only TWO sales last week here in Bedminster, NJ:

26 High Pond Lane, Wood Duck Pond, LP $309,999
5 Four Oaks Road, Four Oaks, LP $379,000

There is only one additional property working through attorney review which means they have accepted an offer and lawyers are working through the contract details.

Please contact me if you would like more information about any of these Bedminster homes or visit my Bedminster real estate site for more information on what has sold by month over the past year.

New to the Bedminster market is the following property:

96 Wescott Road, Wynnewood, $264,500

As of this evening there a total of 69 listings showing active in Bedminster in the MLS. With 20 going under contract in the last 30 days, Bedminster market absorption is 3.5 months. This is great news for sellers in Bedminster!

Visit my Bedminster website to search homes for sale in Bedminster, NJ and surrounding areas.

If you are thinking of moving, I can provide a free market analysis of your home's value in today's market.

« The Tax Credit and Multi-family homes

11/21/2009 - 11/27/2009

I am back from a long weekend spent with family; hoping that my readers have enjoyed their long weekend as much as I did! I think that most buyers were also spending time with family - as there were only TWO sales last week here in Basking Ridge:

29 Sunset Lane, Single Family home, LP $459,000
57 Huntington Road, Single Family home - the Hills, LP $719,000

There are an additional 12 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. I guess not everyone was only thinking Turkey last week!

Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate site for more information on what has sold by month over the past year.

New to the Basking Ridge market are the following 3 properties:

107 Culberson Road, Single Family home, estate sale, $459,000
18 Mayflower Drive, Townhouse, The Hamiltons, relocation, $518,000
10 Birch Drive, Single Family home, $849,000

As of this evening there a total of 155 listings showing active in Basking Ridge in the MLS. With 19 going under contract in the last 30 days, Basking Ridge market absorption is 8.2 months. Again, a normal fluctuation.

Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.

If you are thinking of moving, I can provide a free market analysis of your home's value in today's market.