The volume of listings were significantly less for July 2007, at 176 with an average price of $518,660 versus July 2008, which came in at 209 with an average price of $470,426. The change in price point represented a 9% reduction and the change in volume represents a 18.75% increase.
The number of new listings was not far apart with July 2007 at 39 and July 2008 at 44. Here we see a reverse in pricing. Theaverage price point in July 2008 was $525,191, representing an increase over July 2007 by 5.5%.
Now we come to the numbers reflecting the sales activity. July 2007 had 20 properties go under contract averaging $573,670 versus July 2008 with 21 properties averaging $543,090. Very close indeed.
Finally, the month of July 2007 closed out with 35 homes sold averaging $601,626, while July 2008 saw 38 homes sold averaging $519,138.
In summary, the market remains robust for listings. While sales are up, the final sales price is down.
The volume of listings remained very consistent for July 2007 & July 2008. In July 2007 there were 177 listings averaging $281,589 and July 2008 had 172 listings averaging $256,641. The change in price point represented a 9% reduction.
Equally interesting was the consistency in the number of new listings during the same period. July 2007 came in with 32 listings averaging $257,766 and July 2008 at 35 listings averaging $263,240.
Now we come to the numbers reflecting the sales activity. July 2007 had nine properties go under contract averaging $282,311 versus July 2008 with only six properties averaging $312,267.
Finally, the month of July 2007 closed out with 10 homes sold averaging $268,930, while July 2008 saw two homes sold averaging $186,000.
In summary, the market remains robust for listings. Sales on the other hand are down , as are the sales prices.
It is that time of year again when the longstanding tradition of celebrating the arts comes to Plainfield. For the 45th year the town will host a festival to present fine art and crafts. There will be music and food vendors, as well as dance performances. Special consideration has been given to the needs of young people in the form of a Children's Art Table with other kids activities. Come celebrate the arts on September 6, 10AM - 4PM at Library Park, located at College Place and West Eighth Streets in Plainfield- its FREE!
ERA Queen City Realty is proud to announce our third annual golf classic. The proceeds from this benefit will go to find a cure for muscular dystrophy. The event is a fun filled day golf, dining and awards. Golfers and non-golfers alike will find opportunities to have an exciting time. Corporate sponsorships are still available.
Join us August 11, 2008 at 7:30 PM at the Morristown Unitarian Fellowship, 21 Normandy Heights Road Morristown, NJ 07960 GAAMC presents Olympia's Daughters. Tickets are $4 for GAAMC members & $6 for non-members. For directions and more info, visit www.gaamc.org. Living Out Loud! Women are raised to be seen and not heard. "Living Out Loud" is a new program in which many of Olympia's Daughters' singers tell their personal coming out stories, weaving them together with healing and empowering music. It's time to reclaim our voices. Tickets: $4 for members of GAAMC and $6 for non-members
THIS PROGRAM WILL BE SIGN LANGUAGE INTERPRETED! See you there! Background: Olympia's Daughters is a women's a cappella choir that builds bridges between communities and cultures. Through song, they challenge attitudes, foster healing, share their hearts, spirits and joyful love of music. They perform all along the East Coast. Their name is inspired by Olympia Brown, the first female ordained by a national denomination - the Universalists. She was also a leading suffragist, a mother, and a business woman.
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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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