Plainfield, NJ

Plainfield, NJ market analysis for November 2008

Compared to October 2008

November: October:

Active Listings = 428 462

Average LP = $ 281,312 $ 282,657

New Listings = 52 65

Average LP = $ 261,700 $ 248,466

Under Contract= 22 18

Average LP = $ 196,280 $ 197,350

Sold Listings = 23 16

Average SP = $ 205,513 $ 256,588

Average DOM = 96 96

Average SP/LP = 95% 93%

*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.

The number of listings for August 2007 was 445 with an average price of $336,766 & August 2008 was 510 with an average price of $296,757. More properties were available for sale this year. However, prices were down by 12%.

New residential listings during the month were 81 with an average of $315,290 for July 2007 and July 2008 was 69 residential listings averaging $283,960. Fewer properties came on the market this August and prices were down by 10%.

Now we come to the numbers reflecting the sales activity. August 2007 had 14 properties go under contract averaging $$287,907 versus August 2008 with 19 properties aveaging $241,376. prices are down this year by 16.16%.

Finally, the month of August 2007 closed out with 17 homes sold averaging $300,863 , while August 2008 saw 15 homes sold averaging $305,733. Sales were down slightly in August of this year. Howvever, prices were up 2%.

In summary, the market remains robust for listings. Sales on the other hand are down and prices are up slightly.

Plainfield, NJ market analysis for October 2008

Compared to September 2008

October: September:

Active Listings = 451 477

Average LP = $ 286,081 $ 294,736

New Listings = 63 57

Average LP = $ 247,822 $ 266,131

Under Contract= 16 17

Average LP = $ 198,737 $ 341,018

Sold Listings = 13 16

Average SP = $ 276,338 $ 232,997

Average DOM = 96 79

Average SP/LP = 93% 96%

*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.

Guest conductor Gary Schneiderwill lead the Plainfield Symphony in its celebration of Leonard Bernstein's 100th birthday and his music. The audience will be treated to the Overture to Candide, as well as the symphonic dances from West Side Story. An added treat will be the performance of Tchaikovsky's Symphony No. 5. The Plainfield Symphony, New Jersey's oldest community symphony, will perform at the Crescent Avenue Presbyterian Church, located at Watchung Avenue and East 7th Street. The concert begins at 8:00 pm. Tickets are $25 for general seating and $15 for seniors and students. For more information call (908) 561-5140 or email info@plainfieldsymphony.org.