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William Collins, Broker Associate

Monthly Residential Property Market Analysis For Irvington, New Jersey- August 2008

Irvington has higher residential listings for the month of August at 294 over last year's 272. Prices were down at $196,415, on average. Mew listings registered a lower price point at $164,096 with 34 coming on the market.

While properties scheduled to close average $156,629, the volume was unchanged from last year, at seven for the month.

Sales were down slightly with an average sales price of $141,250.

Monthly Residential Property Market Analysis For Maplewood, New Jersey- August 2008

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.

Monthly Residential Property Market Analysis For Newark, New Jersey- August 2008

Newark's residential listings were 592 for the month of August, down from 664 for 2007 during the month of August. The average price was $233,443, also down.

New listings for the month came in at 68, down from 121 for 2007. The average price was down 21% at $219,407.

Properties scheduled to close were up at 18 with an average price of $206,567.

Sales were down slightly, with an average price of $180,000, a 21.5% reduction over August 2007.

Monthly Residential Property Market Analysis For South Orange, New Jersey- August 2008

South Orange's residential listings were up by 22.4% at 180 with an average price of $666,428, down from last year during the same period. New listings were up at 32 for the month with an average price of $772,229 up by 1% over last year.

Properties scheduled to close were up in volume and down in price, at $582,242.

Sales were down by 17.4% with an average sales price of $594,579, down by 14%.

Monthly Residential Property Market Analysis For Orange, New Jersey- August 2008

Orange residential listings were up at 174 with an average price of $261,851. New listings were slightly lower with virtually no change in the average price of 4294,078. Only two sales were scheduled to close, down from nine with an average price of $221,950, representing an increase of 8%.

Sales were down 50% at 4 for the month, with an average sales price of $264,250 verses last year's $263,688