September Sales in Basking Ridge, Bernardsville, Bedminster

The area continues to show promising signs. Inventory continues to drop. While that's good news in terms of homes actually selling, I've noticed a lot less new inventory coming on as sellers who can, are waiting for next spring. As a result, it could be a mixed blessing that will come to fruition with the 2010 spring market, as we see more homes come on, and watch how quickly they sell. Overall, however, the numbers are very encouraging. As you will see from my website, under market stats., some towns are having better months then they did the entire first quarter of 2009.

If you'd like to see monthly sales showing address, list price, sale price, and more. by montyh, visit my website at www.marieyoung.net, then click on Homes Values, or, for the Hills, click on Guide to the Hills for sales by subdivision. We will be adding more towns today.

Listed below are some highlights as of October 19, 2009:

Basking Ridge:
186 homes are listed as active, as we continue to drop below the 200+ threshold we've been experiencing since last year at this time. As of today, there are 186 active listings. There are 46 homes under contract, and from the period September 1 - September 30, 2009, 34 homes sold in the range of $243,000, up to $2,728,900. I m pleased to have contributed two closed sales in this period.

Bernardsville:
There are currently 96 active listings. There are 14 homes under contract, and from the period September 1 - 30, 2009, 11 homes sold in the range of $180,000 - $1,160,000. This market is also showing a rebound, as the number of monthly sales has increased.

Bedminster:
There are currently 94 active listings. There are 15 homes under contract. For the period Stepember 1 - 20, 2009, 16 homes sold, in the range of $240,000 - $890,000. Improvement is noted in Bedminster as well.

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The source of the above informaiton is the Garden State MLS. Information is reliable but not guaranteed, and not responsible for typographical errors.