September 2013 Home Sales Prices: West Orange, NJ

7/27/2019 September 2013 Home Sales Prices: West Orange, NJ

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Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed. © 2004-2013 Copyright Protected. All Rights Reserved

Not intended to solicit a property already listed.

W e s t O r a n g eS e p t e m b e r 2 0 1 3 M a r k e t S n a p s h o t

Units Address Style Bedrms Baths DOM Final List Price Sales Price SP:FLP

Actual

DOM

Original List

Price SP:OLP

Total Assess-

ment SP:AV

1 141 Mt Pleasant Avenue Colonial 4 1.0 9 $186,120 $190,000 102.08% 9 $186,120 102.08% $301,200 0.63

2 23 Nutman Place Colonial 3 1.0 73 $199,000 $160,000 80.40% 73 $219,900 72.76% $196,900 0.81

3

19 Cerone Court

FirstFlr

3

2.0

11

$199,000

$220,320

110.71%

11

$199,000

110.71%

$214,100

1.03

4 14 N Koewing Place SplitLev 5 3.0 115 $225,000 $205,000 91.11% 115 $225,000 91.11% $350,700 0.58

5 10 Smith Manor Blvd HighRise 2 2.0 12 $225,000 $225,000 100.00% 12 $225,000 100.00% $206,200 1.09

6 74 Walker Road Colonial 3 1.1 315 $238,880 $240,000 100.47% 315 $388,880 61.72% $356,000 0.67

7 14 Beech Road CapeCod 4 2.0 18 $239,000 $219,000 91.63% 18 $239,000 91.63% $308,800 0.71

8 67 Llewellyn Avenue Colonial 3 2.0 155 $239,900 $238,000 99.21% 155 $239,900 99.21% $211,600 1.12

9 37 Nestro Road CapeCod 3 1.0 43 $249,000 $247,000 99.20% 229 $299,900 82.36% $181,400 1.36

10 66 Hart Drive TwnIntUn 1 1.1 43 $249,000 $242,000 97.19% 43 $249,000 97.19% $243,000 1.00

11

113 Coccio Drive

TwnIntUn

2

2.1

60

$260,000

$242,500

93.27%

60

$260,000

93.27%

$270,300

0.90

12 14 Oak Crest Road CapeCod 3 1.1 272 $265,000 $246,000 92.83% 272 $325,000 75.69% $289,000 0.85

13 20 Fairway Drive SplitLev 3 1.1 20 $279,900 $300,000 107.18% 20 $279,900 107.18% $280,100 1.07

14 15 Tompkins Street TwnIntUn 3 2.1 48 $289,900 $283,000 97.62% 262 $349,999 80.86% $255,100 1.11

15 3 Devore Drive Colonial 4 1.1 110 $305,000 $303,000 99.34% 110 $305,000 99.34% $278,400 1.09

16 36 Freeman Place Colonial 3 1.0 130 $309,000 $300,000 97.09% 130 $319,000 94.04% $225,700 1.33

17 19 Oak Crest Road Ranch 3 1.1 25 $309,000 $309,000 100.00% 25 $309,000 100.00% $248,900 1.24

18 18 Moran Road TwnIntUn 3 2.1 7 $319,000 $333,000 104.39% 7 $319,000 104.39% $335,300 0.99

19

64 Nicholas Avenue

Bi-Level

3

2.1

52

$324,500

$324,900

100.12%

52

$324,500

100.12%

$336,200

0.97

20 1 Highwood Road Colonial 4 2.0 164 $325,000 $285,000 87.69% 164 $369,000 77.24% $397,000 0.72

21 169 Dezenzo Road TwnEndUn 3 2.0 64 $325,000 $315,000 96.92% 64 $325,000 96.92% $296,800 1.06

22 30 Birch Street Colonial 4 1.1 44 $325,000 $325,000 100.00% 284 $384,000 84.64% $314,000 1.04

23 13 Mellon Avenue SplitLev 3 2.1 64 $330,000 $265,000 80.30% 64 $330,000 80.30% $294,800 0.90

24 55 Rollinson Street Colonial 3 1.1 9 $330,000 $330,000 100.00% 9 $330,000 100.00% $250,400 1.32

25 2 Ronald Terrace Custom 4 3.0 133 $335,000 $335,000 100.00% 317 $389,000 86.12% $294,300 1.14

Bev & Bob Homes, LLC, www.BevAndBobSELLHomes.com, 201-647-6144, [email protected]







Actual

DOM

Original List

Price SP:OLP

Total Assess-

ment SP:AV

26 302 Barringer Court TwnIntUn 2 2.0 131 $350,000 $335,000 95.71% 131 $375,000 89.33% $302,500 1.11

27 25 Schindler Terrace TwnEndUn 3 2.1 144 $359,000 $340,000 94.71% 960 $379,000 89.71% $367,700 0.92

28

3 Schindler Terrace

TwnIntUn

3

2.1

27

$359,000

$335,000

93.31%

27

$359,000

93.31%

$383,000

0.87

29 11 Lowell Place Colonial 4 2.1 168 $369,000 $350,000 94.85% 746 $429,000 81.59% $390,300 0.90

30 16 Luddington Terrace Colonial 3 2.2 128 $375,000 $342,000 91.20% 128 $400,000 85.50% $421,400 0.81

31 22 Cummings Circle TwnIntUn 3 3.1 1 $375,000 $375,000 100.00% 1 $375,000 100.00% $342,600 1.09

32 203 Gregory Avenue Victrian 5 3.1 20 $375,000 $375,000 100.00% 213 $499,000 75.15% $420,400 0.89

33 7 Bromley Drive SplitLev 3 2.1 10 $379,000 $384,000 101.32% 10 $379,000 101.32% $320,600 1.20

34 4 Davey Drive TwnEndUn 3 2.1 92 $387,000 $370,000 95.61% 454 $489,900 75.53% $361,600 1.02

35

180 Walker Road

SplitLev

4

2.1

83

$387,000

$373,000

96.38%

83

$419,000

89.02%

$312,500

1.19

36 20 Moran Road TwnIntUn 2 2.1 15 $395,000 $399,000 101.01% 15 $395,000 101.01% $333,000 1.20

37 28 Oak Crest Road RanchExp 4 3.0 34 $397,000 $381,250 96.03% 120 $425,000 89.71% $354,500 1.08

38 44 Fowler Drive TwnEndUn 3 3.1 63 $399,000 $390,000 97.74% 63 $408,000 95.59% $362,300 1.08

39 104 Barringer Court TwnIntUn 3 3.0 46 $399,000 $380,000 95.24% 46 $399,000 95.24% $317,700 1.20

40 16 Koewing Place Tudor 4 3.0 35 $400,000 $415,000 103.75% 35 $400,000 103.75% $380,600 1.09

41 1 Wedgewood Drive Ranch 4 3.0 47 $414,900 $400,000 96.41% 47 $424,900 94.14% $326,900 1.22

42 25 Waldeck Court TwnIntUn 3 2.1 9 $429,000 $422,500 98.48% 9 $429,000 98.48% $397,500 1.06

43 1016 Smith Manor Blvd TwnEndUn 3 2.1 107 $439,000 $425,000 96.81% 107 $439,000 96.81% $413,500 1.03

44 19 Gilbert Place Colonial 4 2.1 36 $440,000 $420,000 95.45% 36 $440,000 95.45% $322,100 1.30

45 3 Cunningham Drive Colonial 4 2.2 55 $498,000 $492,500 98.90% 55 $548,000 89.87% $526,000 0.94

46 74 Oak Avenue Colonial 4 3.2 13 $499,000 $515,000 103.21% 13 $499,000 103.21% $595,000 0.87

47 7 Highland Place Tudor 5 3.1 86 $503,950 $475,000 94.26% 86 $508,950 93.33% $394,400 1.20

48 1 Whalen Court TwnEndUn 3 2.1 94 $579,000 $569,500 98.36% 94 $497,600 1.14

49 9 Lonergan Lane TwnEnd 4 4.0 93 $675,000 $650,000 96.30% 93 $699,999 92.86% $646,500 1.01

50

15 Wadams Court

Colonial

4

3.1

1

$719,000

$719,000

100.00%

1

$719,000

100.00%







CURRENT “ACTIVE” LISTINGS IN WEST ORANGE Number of Units: 233

Average List Price: $441,139

Average List Price to Assessed Value Ratio: 1.04

Average Days on Market: 128

CURRENT “UNDER CONTRACT ” LISTINGS IN WEST ORANGE

Number of Units: 108

Average List Price: $356,428

Average List Price to Assessed Value Ratio: 1.04

Average Days on Market: 98


Actual

DOM

Original List

Price SP:OLP

Total Assess-

ment SP:AV

51

33 Fredericks Street

TwnEndUn

4

3.1

9

$775,000

$765,000

98.71%

9

$775,000

98.71%

$671,800

1.14

52 103 Metzger Drive OneFloor 3 2.1 46 $840,000 $740,000 88.10% 46 $840,000 88.10% $769,700 0.96

53 14 Lynwood Way Contemp 4 5.0 130 $889,000 $860,000 96.74% 495 $950,000 90.53% $880,000 0.98

AVERAGE 70 $382,775 $371,330 97.12% 131 $399,882 92.23% $360,537 1.02




West Orange 2013 Year to Date Market Trends

Information compiled from the Garden State Multiple Listing Service. Deemed Reliable but not Guaranteed. Not intended to solicit a property already listed. © 2004-2013 Copyright Protected. All Rights Reserved

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

2004 2005 2006 2007 2008 2009 2010 2011 2012

List Price

Sales Price

2004 2005 2006 2007 2008 2009 2010 2011 2012

L P $ 33 8, 10 8 $ 44 2, 20 8 $ 46 0, 98 1 $ 46 6, 04 7 $ 42 9, 48 1 $ 40 3, 84 7 $ 40 8, 69 4 $ 38 8, 27 1 $ 35 1, 75 8

S P $ 38 2, 80 5 $ 43 8, 53 4 $ 45 0, 49 3 $ 45 4, 08 3 $ 41 6, 37 6 $ 38 3, 30 2 $ 39 0, 46 9 $ 36 8, 09 0 $ 33 6, 97 5

4.254.77 4.92 4.78

4.444.00

3.72

2.75

0.94

0.001.00

2.00

3.00

4.00

5.00

6.00

2004 2005 2006 2007 2008 2009 2010 2011 2012

Sales Price to Assessed Value Ratio

Average List Price vs. Sales Price

*2010 Tax Re-evaluation

W e s t O r a n g e 2 0 0 4 - 2 0 1 2

98.83%

99.55%

98.19%

97.30%96.80%

94.75%

95.73% 95.59% 95.63%

92.00%

93.00%

94.00%

95.00%

96.00%

97.00%

98.00%

99.00%

100.00%

2004 2005 2006 2007 2008 2009 2010 2011 2012

SP:LP

6050

64

7684

90 91

10397

0

20

40

60

80

100

120

2 0 0 4

2 0 0 5

2 0 0 6

2 0 0 7

2 0 0 8

2 0 0 9

2 0 1 0

2 0 1 1

2 0 1 2

Days onMarket

2004-2012 Average Days on Market

2004-2012 Sales Price to List Price Ratios

765721

562 540

446394 361 366

414

0

100

200

300

400

500

600

700

800900

2 0 0 4

2 0 0 5

2 0 0 6

2 0 0 7

2 0 0 8

2 0 0 9

2 0 1 0

2 0 1 1

2 0 1 2

# UnitsSold

2004-2012 Number of Units Sold

W e s t O r a n g e 2 0 0 4 - 2 0 1 2

September 2012 YTD

AVG YTD Sales Price: $336,588

DOM: 94

#Units YTD: 314

SP:AV 0.93

January February March April May June July August September October November December YTD AVG Days on Market 75 84 98 201 102 71 68 79 70 87 Final List Price $329,206 $302,676 $331,661 $300,417 $351,577 $388,509 $404,848 $385,992 $382,775 $368,024

Sales Price $315,596 $293,805 $317,419 $294,540 $341,222 $387,240 $391,530 $378,508 $371,330 $359,037

Sales Price as a %of FLP 95.97% 96.83% 96.89% 97.74% 96.73% 99.73% 96.52% 98.81% 97.12% 97.68%

Actual DOM 154 173 205 365 270 150 144 191 131 188 Original List Price $352,500 $321,167 $374,946 $369,300 $401,139 $414,293 $424,777 $416,172 $399,882 $398,969

Sales Price as a %of OLP 89.27% 91.59% 86.78% 81.27% 85.89% 94.21% 93.00% 91.15% 92.23% 90.44%

Sales Price to As- 0.94 0.99 0.98 0.88 0.93 1.09 1.04 1.01 1.02 1.01 # Units Sold 20 21 31 25 49 69 62 72 53 402

Bev & Bob Homes Teamwww.BevAndBobSELLHomes.com,201-647-6144, [email protected]

Documents

September 2013 Home Sales Prices: West Orange, NJ